Category: Top Stories
-
New GNPC CEO leads delegation to Appo Energy conference in Abuja
The Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Opoku Ahweneeh-Danquah, is today leading a high-powered delegation to a two-day petroleum conference of Chief Executive Officers (CEO’s) of National Oil Companies (NOC’s) of African Petroleum Producers’ Organisation (APPO) in Abuja, Nigeria. The African Petroleum Producers Organisation (APPO) is a 16-member intergovernmental energy organisation…
-
UNIDO, Japan partner to promote Kaizen practices to enhance competitiveness of SMEs
Ghana’s Micro, Small and Medium Enterprises (MSMEs) sector is set to witness a major boost as the United Nations Industrial Development Organization, UNIDO, and the Government of Japan have signed an agreement to enhance competitiveness and sustainability of MSMEs. The 3.4 million dollar project is part of efforts to support the country’s industrialisation drive. Speaking…
-
Special credit facility needed to develop the agriculture sector – Chamber of Agribusiness
Despite out-performing Industry and the Service sector in terms of their growth rate in the first quarter of 2022, Ghana’s agriculture sector continues to lag in terms of its overall contribution to the country’s Gross Domestic Product (GDP). According to data from the 2022 budget, the Agriculture sector has been growing at a steady pace…
-
IEA proposes increase in Monetary Policy Rate by 100 to 150 basis points
The Institute of Economic Affairs (IEA) is asking the Monetary Policy Committee of the Bank of Ghana to increase the monetary policy rate by another 100 to 150 basis points to 20 or 20.5 percent. This is ahead of the Central Bank’s MPC press conference on Monday, July 25 which might see the review of…
-
Uganda, Botswana and Ghana are the world’s top 3 economies with the most female entrepreneurs
The 2021 Mastercard Index of Women Entrepreneurs (MIWE) has, for the third consecutive year, ranked Botswana (38.5%), Uganda (38.4%) and Ghana (37.2%) as the countries with the most women business owners globally. The Index’s benchmark indicator is calculated as a percentage of total business owners. This is the fifth edition of the MIWE, which puts…
-
More collaboration needed to further de-risk Agric sector – GAB
As government continues to contemplate introducing legislation to force banks to lend to the Agriculture sector, the Ghana Association of Bankers is calling for increased collaboration between public and private sector players to de-risk the sector. This comes on the back of recent remarks by the Minister of Food and Agriculture, to the effect that…
-
Palm Oil Adulteration: FDA introduces traceability system to rid supply chain of culprits
The Ghana Food and Drugs Authority (FDA) has introduced a traceability system for products in the country to help enhance food safety issues and safeguard the health and safety of the consuming public. This follows a recent survey carried out by the Authority which reveals that palm oil adulteration has now reached 23%, an indication…
-
Mid-year budget: Atta-Akyea confident gov’t will prioritize revenue measures reforms
Ahead of the mid-year budget review, Chairman of the Mines and Energy Committee of Parliament, Samuel Atta-Akyea, is confident government will prioritize making revenue measures effective. The mid-year budget review which was earlier slated for this week was postponed due to the government’s engagement with the IMF for a bailout program. All other things being…
-
Oil futures have slid below $100 as investors brace for recession
Underneath a chaotic global energy market is a dislocation between oil prices on the futures and physical market that appears to have emerged. Oil futures have undergone immense battering recently as fears of a recession come into full force. The global benchmark Brent crude fell below $100 earlier this week, heading for its 5th straight weekly loss and…
-
Use Mid-year budget to fully review the benchmark values policy– AGI CEO
Ahead of the presentation of the 2022 mid-year budget review, the Association of Ghana Industries (AGI) is calling for a full review of the benchmark values reduction policy. According to the leading industry group, despite the announced reduction in the benchmark values discounts applied to general goods and vehicles, in February this year, their goods…