Category: Local Economy
-
Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep
Vice President, Dr. Mahamudu Bawumia has reiterated calls for stakeholders within the financial sector to introduce innovative ways to capture the unbanked into the digital payments ecosystem. Delivering the keynote address at the launch of “Ghana Pay”, a shared electronic wallet product, Vice President, Dr. Mahamudu Bawumia noted that this is critical to the acceleration…
-
Fuel prices to go up by over GH¢1 per litre soon – COPEC
It appears the woes of fuel consumers are not yet over, as the price of the commodity is tipped to increase by about 12 percent in the next pricing window of June 2022. This would mean that the average price of fuel is likely to increase by about GH¢1.33 per litre. While petrol prices are…
-
Politics, uncoordinated actions slowing Ghana’s investment potentials – Ofosu-Dorte
Ghana is not standing tall as a fine investment spot among its counterparts on the African continent, mainly due to politics. Not only is partisan politics affecting the country’s investment potentials, but also the “lack of coordinated thinking and action”, a Senior Partner of AB & David Africa, David Ofosu-Dorte has said. For him, the…
-
#CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”
The Citi Business Festival’s forum on understanding the Ghana opportunity saw its panellists discuss ways Ghana can become a more attractive destination for both local and foreign investors. The forum featured Yofi Grant, the CEO of GIPC; David Ofosu-Dorte of AB & David law firm; Juliet Asante, CEO of the Ghana Film Authority and Jacob…
-
DBG would help address market failures in Ghanaian credit markets – BoG
The Bank of Ghana has stated that the official commencement of full-scale operations of the newly launched Development Bank Ghana, DBG, would help address market failures in the Ghanaian credit markets. Speaking at the launch of the bank on Tuesday, 14th June 2022, Governor of the Bank of Ghana, Dr. Ernest Addison, noted that experiences…
-
Ghana can attract more investors through effective branding – Absa Bank’s Jacob Brobbey
The development of a viable national branding strategy is central to positioning Ghana as an investment destination, acting Head of Markets of Absa Bank, Jacob Brobbey has said. Speaking on Citi TV during the Citi Business Festival live forum on Tuesday, Mr. Brobbey said Ghana could reap diverse benefits from uniquely packaging its culture, tourism,…
-
Politics, uncoordinated actions slowing Ghana’s investment potentials – Ofosu-Dorte
Ghana is not standing tall as a fine investment spot among its counterparts on the African continent, mainly due to politics. Not only is partisan politics affecting the country’s investment potentials, but also the “lack of coordinated thinking and action”, a Senior Partner of AB & David Africa, David Ofosu-Dorte has said. For him, the…
-
Citi Business Festival’s Ghana opportunity forum comes off today
The Citi Business Festival’s forum on understanding the Ghana opportunity will be held today, June 14, 2022, on Citi TV. This will be the third forum to be organised since the festival began this month, June. Join us on Citi TV with our esteemed panellists as we discuss ways of ‘understanding the Ghana opportunity.’ The…
-
DBG will not shift its focus from its core mandate – CEO assures
Management of the Development Bank Ghana has re-assured that several stringent measures have been put in place to ensure the success and independence of the yet-to-be-launched Development Bank Ghana (DBG). Government established the DBG as a development finance institution (DFI) with the mandate to support economic transformation in Ghana. The bank is expected to ease…
-
#CitiBusinessFestival enters week 3: Focuses on understanding the Ghana opportunity
The Citi Business Festival continues this week with conversations on understanding the Ghana opportunity. Despite being a leading destination for foreign investment in West Africa, Ghana is faced with challenges such as rising debt levels, a deteriorating business climate, among others. It is against this background that the 2022 Citi Business Festival, in its third…