Category: Top Stories
-
Ashigbey urges government to revise telecoms industry laws to boost growth
The Chief Executive Officer of the Ghana Chamber of Telecommunications, Ken Ashigbey, has asked the government to revise the regulatory framework governing the industry to suit current trends. According to him, the current laws do not support the effective development of the sector. In an interaction with the media in Accra, Mr. Ashigbey, while making…
-
Ghana made $5.2 billion oil cash from 2011 to 2020 – Natural Resource Governance Institute
A recent report by the Natural Resource Governance Institute has revealed that Ghana has so far made 5.2 billion US dollars from the sale of crude oil. The report indicated that the amount realized was from the sale of 73 cargos of oil by the Ghana National Petroleum Corporation (GNPC). The report titled “Ghana’s Oil…
-
Producers of poultry products lament shortage of feed
Consumers of poultry and its related products may have to revise their budget this festive season as producers anticipate an increase in the prices of poultry products. These producers of poultry in some parts of the country attribute it to the increase in the price of poultry feed which in some areas has even become…
-
Passage of Anti-Money Laundering Bill will boost investor confidence – e-Crime Bureau
The passage of the Anti Money Laundering Bill by Parliament will go a long way to boost investor confidence in the country’s financial system. This is according to the Head of Technical Operations at e-Crime Bureau, Eric Kwaku Mensah. The Bill which was on December 17, 2020, when assented to by the President will plug…
-
Parliament passes Anti-Money Laundering Bill 2020
The Anti Money Laundering Bill has been passed by Parliament. The Bill when assented to by the President is expected to plug the holes in the existing anti-money laundering regulatory framework and make it more responsive to international standards. Earlier this year, the EU Commission listed Ghana among 12 countries which now pose significant threats…
-
-1.1% GDP growth is in line with Central Bank’s economic projection – Dr. Addison
The Governor of the Bank of Ghana, Dr. Ernest Addison has stated that the recent 3rd quarter contraction of the economy is in line with the Central Bank’s economic recovery projection. His comments come on the back of new data from the Ghana Statistical Service indicating that the Ghanaian economy has contracted for the second…
-
We’ll crack the whip on state agencies not using GIFMIS platform – CAGD warns
The acting Controller and Accountant General has cautioned Ministries, Departments, Agencies and all local assemblies against the non-use of government’s financial management system, the Ghana Integrated Financial Management Information System (GIFMIS). The computerized system has been introduced by government to facilitate budget preparation and execution, accounting and financial reporting, cash and assets management as well…
-
International tourism in Ghana likely to dip by 64% – GTA report
Ghana is likely to record a 64% drop in the number of international tourists travelling into the country by the end of the year. This is according to figures and projections made available by the Ghana Tourism Authority (GTA). In 2019 the country received a total of 1.1 million international tourists, however as at October…
-
Effective credit system needed to support Ghana’s automotive industry – Japan Motors MD
The Managing Director of Japan Motors says a strong credit finance culture is needed to support Ghana’s young automotive industry. Salem Kalmoni, whose company is the sole partner to Nissan Africa’s assembly plant in Ghana, noted that as more companies set up assembly plants to manufacture and sell cars to the country’s growing middle class,…
-
Business activities yet to pick up days after elections
Ahead of election years in Ghana, traders usually complain about a slowdown in economic activities. Several interactions with traders prove that business is normally slow due to the fear of possible election-related violence that might break out in town, or the attitude of customers having to save their money for Christmas. Large companies also take…