Tag: Ghana Business News
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Aviation Minister inaugurates new GCAA Board
Aviation Minister, Cecelia Dapaah has inaugurated a nine member board of the Ghana Civil Aviation Authority (GCAA). The board’s core mandate will be to govern activities of the Ghana Civil Aviation Authority. The minister by this charged the new board members to approach their new positions with diligence and all seriousness to achieve the ultimate…
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New 1st Deputy Governor to shape monetary policy – Prof. Bokpin
Ghana should be on the path of achieving a strong monetary policy regime which is also in line with internationally accepted practices. That is the assertion of Economist, Professor Godfred Bokpin following the appointment of Mr. Maxwell Opoku-Afari as the First Deputy Governor of the Bank of Ghana. According to him, Mr. Opoku Afari’s international…
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Over 200 investors pursue Ghana’s railway sector
The Minister of Railway Development, Joe Ghartey has revealed that about 200 companies across the world have expressed their desire to invest in Ghana’s railway sector. According to him, the interest shown by the investors also coincide with the government’s plan to redesign some key railway lines to meet modern standards. ““Over 200 companies have…
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Maxwell Opoku-Afari appointed First Deputy Governor of BoG
A Deputy Division Chief of the International Monetary Fund (IMF), Mr. Maxwell Opoku-Afari has been appointed as the new First Deputy Governor of the Bank of Ghana (BoG). Mr. Maxwell Opoku-Afari takes over from Mr. Milison Narh who announced his retirement on 31st July, 2017 during a courtesy call on the President Nana Addo Dankwa…
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Over dependence on gold, oil risky for economy – Economist
The Africa Strategist for Research at Barclays, Rydel Marcus has impressed on government to channel investments to grow Ghana’s industrial subsector. He argues that the over dependence on the commodities’ market has the potential to distort government’s growth targets and must be relooked at. Rydel Marcus believes that industries must be given the appropriate support…
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Housing ministry to pass new laws to sanitize sector
The Works and Housing Ministry has disclosed it has initiated processes to get Parliament to pass four legislations to regulate activities in the housing sector. The move will see the passage of two new Bills and the amendment of two others. The two new Bills are the Real Estate Agency Bill as well as the…
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Cedi stability drives mortgage rates down by 40%
Businesses want government to sustain efforts geared at stabilizing the cedi to foster growth. Following what they say is the relative stability of the local currency, the businesses fear they will be worse off should the minimal gains be eroded. A cross section of businesses that Citi Business News has been engaging in a review…
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GRA intensifies tax compliance with e-payment
Small tax payers will henceforth be relieved of the stress and constraint hampering their effective compliance with tax. It comes at the back of the launch of an electronic payment zone (E-Zone) at the Ghana Union of Traders Association (GUTA) office in Accra by the Ghana Revenue Authority (GRA). The move is also with support…
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Small businesses dominate industry sector – AGI report
Ghana’s industrial subsector is still dominated by small size businesses. The development is also viewed as impacting on their employment prospects and their overall impact on the economy. The latest Business Barometer report by the Association of Ghana Industries (AGI) however suggests that the businesses could improve their impact when given the needed support. Of…
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GHL Bank starts operations in 2017 4th quarter – CEO
Ghana Home Loans has disclosed to Citi Business News it will start its banking services in the last quarter of 2017. To be known as GHL Bank, the entity is expected to intensify competition in the granting of mortgage loans. This is also expected to help bridge the housing deficit currently estimated at 1.7 million.…