Category: Business
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$1bn SDR allocation will avoid out-crowding of private sector – Economist
Economist Courage Martey is confident the crowding out of the private sector in accessing funds could be averted if the government opts to draw down from the US$1 billion it received from the International Monetary Fund (IMF), as part of the new Special Drawing Rights (SDRs) allocation to boost the post-COVID economic recovery of member…
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Nominations opened for Ghana Beverage Awards 2021
Organizers for the Ghana Beverage Awards (GBA), Global Media Alliance, have officially launched and opened nominations for the 6th edition of the awards at the Kempinski Hotel in Accra. For the past five years, the GBA Awards has been organised with the aim of rewarding excellence in the beverage industry in Ghana annually. In the…
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MOFA urges tomato traders not to buy from Burkina Faso this festive season
The Ministry of Food and Agriculture is urging tomato traders in the country to desist from travelling to Burkina-Faso to buy tomatoes this festive season as local producers will be able to supply enough to meet their demand. The Tomato traders and transporters association embarked on a strike in February this year due to what…
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2022 economic outlook positive, but potential risks must be monitored – BoG Governor
Governor of the Bank of Ghana, Dr. Ernest Addison has assured of intensified surveillance of the economy to ensure that the unpredictabilities surrounding food prices, petroleum price adjustments, among others do not exert inflationary pressures on the country’s economic outlook for 2022. Ghana’s inflation rate for 2021 has witnessed an upward trend in recent times.…
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Access Bank builds SMES capacity on digitalization
In keeping with its commitment to be the number one go-to SME Bank, Access Bank (Ghana) Plc has organized its fifth SME engagement with customers, through a capacity building workshop in Takoradi. The workshop was aimed at empowering SMEs with knowledge on digitalization for business growth in partnership with Open Labs. Speaking at the workshop,…
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President of Cote d’Ivoire Alassane Ouattara meets Eni’s CEO Claudio Descalzi
The President of the Republic of Cote d’Ivoire, Alassane Ouattara, has met with Eni CEO Claudio Descalzi to discuss the status of the fast-tracked development of the Baleine discovery, which will be the first net-zero development in Africa for scope 1 and scope 2 emissions. The Prime Minister Patrick Achi, the Secretary-General of the Presidency,…
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GOIL to lose GH¢9M monthly over fuel price reduction, it’s not sustainable – COPEC
The Chamber of Petroleum Consumers (COPEC) is worried that the directive to GOIL to reduce fuel prices could cost it GH¢9 million every month, insisting that is not a sustainable solution. Speaking on Eyewitness News, the Executive Secretary of COPEC, Duncan Amoah, said the directive was “very problematic” because of the possible effects on GOIL.…
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GCAA reiterates commitment to improve sector amidst COVID-19 pandemic
The Ghana Civil Aviation Authority has reiterated its commitment to execute its mandate of licensing air transport operations and providing air navigation services within the Accra Flight Information Region. The Authority said this at a brief ceremony to mark the International Civil Aviation Day held at the Ghana Civil Aviation Training Academy o Tuesday, December…
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GAWU urges government to address fertilizer challenges amidst farmers day celebrations
The General Agricultural Workers Union (GAWU) is urging the government to ensure there is enough fertilizer for the country’s next major planting season. They further want the government to put in place adequate measures to prevent the smuggling of the product. The agricultural sector has been plagued with a number of challenges in the past…
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66% of businesses want reduction of taxes to stabilize operations – IEA survey
The majority of businesses in the Greater Accra Region believe they need critical interventions from the government to improve the business environment in the coming months. According to the Institute of Economic Affairs 2021 Business Confidence Survey, 66 percent of businesses in Accra expect the government to reduce taxes and charges to bring stability to…