Category: INTERNATIONAL
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Dr. Ernest Addison calls for integrated approach to improve intra-African payments
Governor of the Bank of Ghana, Dr. Ernest Addison has called for a multidimensional integrated solutions approach to tackle the inherent frictions in cross-border payments in Africa. According to the World Economic Forum, payments which have always been the lifeblood of trade will be key for intra-African trade, which covers 55 countries with varying financial…
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BAGAIA compliments Ghana for establishing Aircraft Accident Prevention Bureau
The Commissioner of the Banjul Accord Group Accident Investigation Agency (BAGAIA), Charles Irikefe Erhuehon Monday complimented Ghana for establishing the Aircraft Accident, Incident Investigation and Prevention Bureau (AIB). Charles Irikefe Erhuehon made the commendation at a technical committee meeting in Accra to deliberate on the way forward regarding investigating aircraft accidents within the sub-region. The…
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Dr. Bawumia calls for stakeholder collaboration to improve intra-African payment systems
Vice President, Dr. Mahamudu Bawumia has charged Central Bank governors across Africa to facilitate collaboration amongst key stakeholders to help with the integration of payment systems on the continent. According to the World Economic Forum, payments which have always been the lifeblood of trade will be key for intra-African trade, which covers 55 countries with…
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Former President Mahama calls for increased funding of SMEs to reduce unemployment
Former President, John Mahama has charged African leaders to actively offer funds and tax waivers to Small and Medium-Sized Businesses on the continent to help reduce unemployment as the continent tries to recover from the impact of the Covid-19 pandemic. He made the remarks while delivering the keynote address at the 3rd annual edition of…
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Ghana ranked best investment destination in West Africa, 6th best in Africa by Rand Merchant Bank
Ghana has been ranked the most attractive West African investment destination by the Rand Merchant Bank, beating Nigeria which is the largest Economy in the subregion. The report also shows Ghana as the 6th best investment destination in Africa. Ghana scored 5.54 while Egypt which the report describes as the most attractive investment destination in…
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Yofi Grant re-elected as Regional Director for the Steering Board of WAIPA
The Ghana Investment Promotion Centre (GIPC) represented by its Chief Executive Officer (CEO) Yofi Grant, has been re-elected as the Regional Director (Sub Saharan Africa) for the Steering Board of the World Association of Investment Promotion Agencies (WAIPA). The elections took place during the 25th WAIPA General Assembly and World Investment Conference, which occurred in…
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African businesses urged to adopt robust strategies to benefit from free trade agreements
Given the enormous advantages that Free Trade Agreements such as the Africa Growth and Opportunity Act (AGOA) with the USA, the African Continental Free Trade Agreement (AfCFTA) amongst others present, African businesses have been urged to acquire a distinct identity through a well-invested strategy, in order to properly position themselves before competitors, customers, stakeholders, and…
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UK’s acceptance of Ghana’s vaccine certificates will boost Ghana-UK trade – Analyst
Aviation analyst, Sean Mendis, has described the recent decision by the UK government to recognize vaccine certificates issued in Ghana for people fully vaccinated with AstraZeneca, Pfizer, Moderna and Johnson and Johnson, as a positive development for UK-Ghana trade. The British High Commission in Accra on Thursday, October 7, tweeted the news, saying it was…
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South African Airways resumes operations in Ghana
As air traffic in amid the coronavirus pandemic has started picking up gradually, South Africa Airways (SAA) has re-launched its passenger flight operations from Johannesburg to Accra. This comes 18 months after the national carrier was forced to stop flying commercial in 2020 due to its worsening financial situations amid heightened travel restrictions in the…
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South Africa’s Massmart to sell 14 Game stores in East and West Africa
Massmart (MSMJ.J) is disposing of all its general merchandise Game stores in West and East Africa to stem losses in that struggling business. Reuters reports that the decision comes after the second-largest distributor of consumer goods in Africa reported a narrower half-year loss. Like its peer Shoprite Holdings (SHPJ.J), forays into African markets including Nigeria…