Category: Business
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UNIDO, Japan partner to promote Kaizen practices to enhance competitiveness of SMEs
Ghana’s Micro, Small and Medium Enterprises (MSMEs) sector is set to witness a major boost as the United Nations Industrial Development Organization, UNIDO, and the Government of Japan have signed an agreement to enhance competitiveness and sustainability of MSMEs. The 3.4 million dollar project is part of efforts to support the country’s industrialisation drive. Speaking…
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Special credit facility needed to develop the agriculture sector – Chamber of Agribusiness
Despite out-performing Industry and the Service sector in terms of their growth rate in the first quarter of 2022, Ghana’s agriculture sector continues to lag in terms of its overall contribution to the country’s Gross Domestic Product (GDP). According to data from the 2022 budget, the Agriculture sector has been growing at a steady pace…
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Uganda, Botswana and Ghana are the world’s top 3 economies with the most female entrepreneurs
The 2021 Mastercard Index of Women Entrepreneurs (MIWE) has, for the third consecutive year, ranked Botswana (38.5%), Uganda (38.4%) and Ghana (37.2%) as the countries with the most women business owners globally. The Index’s benchmark indicator is calculated as a percentage of total business owners. This is the fifth edition of the MIWE, which puts…
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More collaboration needed to further de-risk Agric sector – GAB
As government continues to contemplate introducing legislation to force banks to lend to the Agriculture sector, the Ghana Association of Bankers is calling for increased collaboration between public and private sector players to de-risk the sector. This comes on the back of recent remarks by the Minister of Food and Agriculture, to the effect that…
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Palm Oil Adulteration: FDA introduces traceability system to rid supply chain of culprits
The Ghana Food and Drugs Authority (FDA) has introduced a traceability system for products in the country to help enhance food safety issues and safeguard the health and safety of the consuming public. This follows a recent survey carried out by the Authority which reveals that palm oil adulteration has now reached 23%, an indication…
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Oil futures have slid below $100 as investors brace for recession
Underneath a chaotic global energy market is a dislocation between oil prices on the futures and physical market that appears to have emerged. Oil futures have undergone immense battering recently as fears of a recession come into full force. The global benchmark Brent crude fell below $100 earlier this week, heading for its 5th straight weekly loss and…
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Railway Company to begin Tema-Accra shuttle train services today
Management of Ghana Railway Company Limited (GRCL) will resume the Tema-Accra passenger train service from today, Monday, July 18, 2022, which was suspended temporarily for rehabilitation works. “After successfully addressing some technical challenges, GRCL conducted a series of test runs and a final joint inspection was also carried out on July 7, 2022, by GRCL…
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Use Mid-year budget to fully review the benchmark values policy– AGI CEO
Ahead of the presentation of the 2022 mid-year budget review, the Association of Ghana Industries (AGI) is calling for a full review of the benchmark values reduction policy. According to the leading industry group, despite the announced reduction in the benchmark values discounts applied to general goods and vehicles, in February this year, their goods…
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Farid Antar retires after 43 years at Republic Bank
Following 43 years of dedicated service to the Republic Bank Group (now Republic Financial Holdings Limited of Trinidad & Tobago), the parent company of Republic Bank Ghana, Managing Director of Republic Bank Ghana, Farid Antar, officially retired from active service on Thursday, July 14, 2021. A statement issued by the Bank notes that, “with a…
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MPS ready to cede 20% of container traffic for two years – GPHA
Management of Ghana Ports and Harbours Authority (GPHA) has revealed that Meridian Port Service (MPS) has agreed to cede 20 percent of container traffic to the Authority effective August 1, 2022. The decision was arrived at after a crunch meeting with the Minister of Transport, Board Chairman of the Authority, the Director of Tema Port…