Category: Economy
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Rawlings’ divestiture of SOEs, economic reforms were remarkable – Prof. Quartey
Former Head of the Economics Department at the University of Ghana and Professor at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey says some economic policies implemented during the Jerry John Rawlings era have been fundamental to the sustained economic growth Ghana is enjoying now. The first President of the 4th…
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Africa Financial Markets Index 2020: Ghana places sixth out of 23 countries
Ghana’s financial development has improved more than any other country on the continent in the last year. This is according to an annual review of Africa’s financial markets. The Absa Africa Financial Markets Index, produced by OMFIF and sponsored by Absa Bank, provides a toolkit for countries seeking to strengthen their financial markets infrastructure. It…
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![Innovation in agric sector; upcycling Ghana’s food waste [Video]](https://citibusinessnews.com/wp-content/uploads/2020/11/DASHBOARD.02_02_28_16.Still031.png)
Innovation in agric sector; upcycling Ghana’s food waste [Video]
One of the sectors that has performed well in this COVID-19 period is agriculture. Throughout the period of global uncertainty, Ghana was fortunate enough to have more than enough food to feed itself without experiencing any crises of food shortage. With the increased consumption of food comes increased waste. Unfortunately, the lack of appropriate channels…
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5.7% GDP growth target for 2021 likely to be missed – Seth Terpker
A former Finance Minister, Seth Terkper, has expressed doubt about governments’ ability to achieve its growth target of 5.7 percent in the year 2021. During his presentation of the 2021 Expenditure in advance appropriation to Parliament on Wednesday, 28th October 2020, Finance Minister Ken Ofori-Atta said he expected growth to rebound strongly in 2021 at…
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Parliament approves financing agreement for establishment of National Development Bank
Parliament has approved the financing agreement between the Government of Ghana and the International Development Association (IDA) of the World Bank for an amount of $250 million for the establishment of a National Development Bank. The World Bank Board of Executive Directors had earlier on October 29, 2020, approved the US$250 million facility to support…
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Textile industry players adopt innovative means to reach customers amid COVID-19
The Ghanaian textile Industry is one of the critical areas in Ghana’s manufacturing sector despite its continuous struggle in recent years. When the coronavirus pandemic hit Ghana hard in March this year, the government put in place a series of measures to contain the spread. One of these measures was the ban on social gatherings.…
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Advanced budget a step in the right direction – Economist
An Economist, Dr. Adu Owusu Sarkodie, says the Finance Minister, Ken Ofori-Atta’s plans for the first quarter of 2021 is a step in the right direction. Reacting after the budget presentation on Wednesday, October 28th, 2020, he said, “In a nutshell, he [Ofori-Atta] has indicated exactly what my expectations were. Clearly, whatever has been presented…
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Finance Ministry got 50 Bills passed by Parliament within four years – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta says his outfit was able to produce 50 Bills since 2017 which were all passed into law by Parliament. Ofori-Atta disclosed this when he presented the 2021 Expenditure in Advance of Appropriation statement to Parliament on Wednesday, October 28, 2020. The Expenditure in Advance of Appropriation is a mini-budget…
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Finance Minister to present budget for first quarter of 2021 today
The Minister of Finance, Ken Ofori-Atta, will later today, Wednesday, October 28, 2020, present a budget to Parliament to cater for the first quarter of 2021. The expected presentation, known as Expenditure in Advance of Appropriation, has become a usual characteristic of election years to prevent transitional challenges in the smooth running of government for…
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Gov’t must cut expenditure in advanced budget for 2021 first quarter – Economist
Ahead of the Finance Minister’s presentation of the Advanced Budget on Wednesday, which will cover government’s spending for the first quarter of 2021, an Economist and Lecturer at the University of Ghana Business School, Dr. Lord Mensah, has urged government to be conservative with its expenditure projections for the first three months of next year.…