The new GHS5 denomination is set to be issued by Bank of Ghana (BoG) would be in circulation come Tuesday, March 7. The note is being introduced as part of the Bank of Ghana’s 60th anniversary which will fall on March 4. The commemorative note would have fresh security features and...
Ghana is set to acquire and benefit from trade ideas from the Indian government following bilateral trade talks between the two countries. This transpired when the High Commissioner of India to Ghana; Birender Singh, paid a courtesy call on Business Development Minister, Ibrahim Mohammed Awal on Monday. Speaking at the brief...
The National Board for Small Scale Industries (NBSSI) has welcomed the government’s decision to reduce taxes and interest rate, labelling it, as a right step. Mr Bashir Manu, the Ashanti Regional Director of the Board, said this was critical to the growth of businesses and provide impetus to job and...
The Managing Director of the Ghana Stock Exchange, Kofi Yamoah, has said the planned listing of the Volta River Authority (VRA) and the Ghana Grid Company Limited (GRIDCo) by government will ensure efficiency in their operations. “We were very happy to hear the President during the State of the Nation...
Shareholders of the 1.5 billion-dollar Tema Port Expansion project on Thursday called on Nana Addo Dankwa Akufo-Addo to congratulate him on his election and assumption of office as the President of Ghana. The shareholders, Bolloré Transport & Logistics, APM Terminals and Meridian Port Services Ltd, were led by...
The pace of digital innovation and transformation is increasing – entire markets, including transportation, logistics, and e-commerce, are being reinvented across the globe. Despite the recent economic challenges, there is no doubt that Ghanaian businesses are ready to seize the opportunities in this digital economy. Under the theme “Digital Innovation Economy...
The central bank has reportedly put on hold the billion-dollar deal it handed to Sibton Switch, a local IT firm, to interconnect all payment systems in the country, following public outcry over whether such an intermediary was necessary, given the cost implications for consumers. Sources close to the central bank...
The mining sector operators in Ghana say the industry contributed some GH¢1.6 billion to the country’s revenue. The amount represents a growth rate of 23 per cent from that of 2015. Except in 2015, the mining industry has been the leading contributor to the nation’s fiscal purse. Its contribution to...
The Ministry of Trade and Industry has put in stringent measures to ensure that non-traditional exports contributed significantly to sustainable economic growth. The Ministry of Trade and Industry has consistently pursued an export diversification drive to ensure that non-traditional exports can contribute substantially towards a sustainable Gross Domestic Product...
President Nana Akufo-Addo has stated that government will address the high import charges at the ports to encourage Ghanaian businesses to contribute to the economy. He added that the details of the move will be published in the first budget presentation, which will be laid before parliament by the Finance...