Category: Local Economy
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Business slows in Accra as traders close shops in protest
The protest by the Ghana Union of Traders Association (GUTA) over Ghana’s forex challenges and the cost of living crisis has been largely met with support from traders. While most of the traders joined the protest by locking their shops, a significant number of traders had opened their shops for trade. At Tudu, for example,…
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Abena Amoah appointed Managing Director of GSE
The Council of the Ghana Stock Exchange (GSE) has announced the appointment of Abena Amoah as the Managing Director of the Exchange, with effect from November 24, 2022. In a statement issued by the GSE, it indicated that Abena Amoah will take over from Ekow Afedzie, the current Managing Director, who will retire from the…
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Zeepay Ghana Limited tops Ghana Club 100 awards
Zeepay Ghana Limited has been adjudged the best company of the year at the just ended Ghana Club 100 awards organised by the Ghana Investment Promotion Centre, GIPC. The financial technology company emerged the number one company in the country after it beat ninety-nine (99) companies enlisted in the 19th edition of the Ghana Club…
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Disapprove permits that do not meet dev’t standards – MMDCES urged
Local Assemblies have been charged to reject the siting of projects that do not meet their development standards regardless of the developer procuring environment permits from the Agency. This according to the Environmental Protection Agency (EPA) is critical to the development of the nation. The call comes on the back of issues raised by some…
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EU allocates 10 million Euros support for Ghana’s food security
The European Union (EU) has pledged an additional EUR 10 million to Ghana to support the most vulnerable populations facing an escalating global food security crisis exacerbated by Russia’s unprovoked and unjustified invasion of Ukraine. Announcing the new measure in Accra, the Deputy Head of the European Union Mission to Ghana, Mr. Pieter Smidt Van…
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Oti Region is a dream place for any investor – Kenyan High Commissioner to Ghana
The Oti Regional Minister, Joshua Makubu has called on both local and foreign investors to take advantage of the region’s economic potential and invest to develop the area. Addressing a delegation led by the Kenyan High Commissioner to Ghana, H.E Eliphas Barine, the Oti Regional Minister noted that, “the region is fast developing and will…
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Implementation of textile tax stamp policy will reduce importation – Alan Kyerematen
The Minister of Trade and Industry, Alan Kyerematen has stated that the introduction of the textile tax stamps policy will boost local production. According to him, the stamps will certify the legitimacy of textiles produced, imported and retailed in the country, thereby addressing revenue mobilisation challenges and profitability of the sector. Speaking at the launch…
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Local contractors to drag government to court over 10 billion debt
The Ghana Chamber of Construction Industry has threatened to take legal action against government, for failing to pay over 10 billion cedis accrued debt it owes contractors. The contractors lament that for over four years now, government has stalled in paying contractors for work done. A situation they say is having a negative toll on…
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Ghana Free Zones Authority CEO embarks on regional tour to licensed free zone firms
The Chief Executive Officer of the Ghana Free Zones Authority, GFZA, Mike Ocquaye Junior has embarked on a regional tour to licensed free zone companies in the Ashanti and Western Regions of Ghana. His first stop was at Angel FM in the Ashanti region where he answered questions from listeners and the presenter centered on…