Category: Local Economy
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Tourism Authority begins robust measures through ‘Ghana Cares’ to boost growth in sector
The Ghana Tourism Agency (GTA) says it has begun training over 10,000 hospitality and tourism site operators who have so far been enrolled on the Tourism component of the Ghana Cares Obaatampa Program, which focuses on improving businesses through series of training. According to GTA, this is to augment the government’s intervention efforts following the…
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Food prices to soar despite removal of some fuel levies – GAWU
The General Agricultural Workers Union (GAWU) says the removal of the Price Stabilization and Recovery Levies (PRSL) on petrol, diesel, and LPG for the next two months will have little to no effect on the prices of foodstuff in the markets. Considering the fact that major food produce have to be transported over long distances…
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Plans far-advanced to re-introduce reviewed Agyapa Royalties Agreement to parliament – Ofori-Atta
Minister for Finance, Ken Ofori-Atta, has reiterated government’s intention to address all issues raised by stakeholders about the proposed Agyapa Minerals Royalties deal before re-introducing it to parliament. According to him, the botched deal has been reviewed by the Attorney General’s office and will be re-submitted to parliament soon. The Finance Minister made this known when…
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Bankers Association charges merchants to be vigilant to reduce ATM fraud
The Ghana Bankers Association has called for extra vigilance on the part of merchants providing goods and services in order to help reduce ATM or card fraud. The 2020 fraud report from the Central Bank revealed among other things that, ATM or Card fraud recorded a loss value of approximately GH¢ 8.19 million in 2020,…
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YARA calls for more value chain partnerships ahead of 11th Pre-harvest Agribusiness Conference
Ghana’s foremost agrochemical company, YARA Ghana has again put its weight behind the Pre-harvest Agribusiness Conference. Now in its 11th year, the annual forum for agribusinesses in Ghana has enjoyed tremendous support from YARA over the period. Having established itself as an ever-present partner of the Annual pre-harvest conference, Yara is always at the fore-front…
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New taskforce fails to resolve retail trade impasse between Ghana and Nigeria
The impasse between Ghanaian traders and foreigners, especially Nigerians, operating in Ghana’s retail space may not end any time soon following a lack of consensus on the matter. A recent meeting between the Ghana Union of Traders Association (GUTA) and the Nigerian Union of Traders Association (NUTAG) at the behest of the new presidential taskforce…
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Standard Operating Procedure for uncleared cargos in the offing – GSA
The Chief Executive Officer of the Ghana Shippers Authority (GSA), Ms Benonita Bismarck has said that engagements are ongoing among stakeholders to review the entire process of administration and handling of uncleared cargoes at the country’s ports. According to her, reports on uncleared cargo is worrying and urgent steps are needed to address it. Speaking…
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Hospitality players hopeful of recovery from impact of COVID-19 by Q2 2022
Stakeholders in the hospitality Industry are projecting a significant recovery from the impact of the COVID-19 pandemic. According to them, they will be able to recover from the shocks by the end of the second quarter of 2022. The sector continues to grapple with the impact of the pandemic despite the removal of most of…
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Financial institutions charged to procure advanced systems to deal with cyber threats
The First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari has challenged financial institutions to continuously examine the state of their security systems and design appropriate mechanisms to counter possible cyber threats. The financial sector, according to the 2020 Banking Industry Fraud report, saw the value of attempted cyber fraud in general rise…
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Improved SIM ecosystem will facilitate Ghana’s economic transformation – Joe Anokye
Director-General of the National Communications Authority (NCA), Joe Anokye, says he’s confident the ongoing SIM Card registration exercise will become a cornerstone for the country’s transformation. The ongoing SIM Card Registration Exercise, which has been questioned by some stakeholders, commenced on 1st October 2021. It is expected to among other things help develop and build…