Business

Ghana signs €100m agreement with Germany

Renewable Energy

Ghana and Germany have signed a 100-million Euro bilateral investment and reform partnership agreement to promote private investment in renewable energy and vocational training in Ghana. Ghana’s Finance Minister, Ken Ofori-Atta, and Germany’s Deputy Minister for Economic Cooperation and Development, Friedrich Kitschelt, signed the agreement for their respective countries. The signing ceremony was witnessed by President Nana Addo Dankwa Akufo-Addo ...

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Gov’t Will Partner Private Sector To Achieve SDGs – Bawumia

SDG Goals

Government will partner the private sector to achieve the UN Sustainable Development Goals (SDGs) and make the life of the ordinary Ghanaian better, Vice President Alhaji Dr Mahamudu Bawumia has stated. According to Dr Bawumia, achieving the SDGs would benefit both the private sector, who would have a healthy, skilled workforce and Government which would have fulfilled its obligation to ...

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Akufo-Addo assures Expatriates

SDGs in Ghana

President Akufo Addo has assured  Expatriate that the unfair Trade Practices such as the dumping of cheap and poor quality imported goods in Ghana which hurt the businesses of expats in Ghana will soon be a thing of the past. Addressing the Ghanaian Expatriate business community at the first ever Expatriate Business Awards ceremony held at the Movenpick Hotel in ...

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Ghana’s technology hub will reduce brain drain- Dr Thomas Mensah

technology hub in Ghana

A GHANAIAN-AMERICAN fibre optics inventor, Dr Thomas Mensah, has said Ghana can compete with the rest of the world if it focuses more on Science, Technology, Engineering and Mathematics (STEM). The chemical engineer and innovator who is spearheading an effort to create the Silicon Valley of Ghana is a Fellow of the American National Academy of Inventors and President of Georgia Aerospace (an Atlanta-based company), after ...

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Vivo Energy, Engen Holdings enter share transaction

vivo energy

VIVO ENERGY Holding BV (Vivo Energy) has agreed to enter into a share transaction with Engen Holdings (Pty) Limited (Engen Holdings), a 100% subsidiary of Engen Limited, in relation to the purchase of shares in Engen International Holdings (Mauritius) Limited (Engen International Holdings) for the exchange of a shareholding in Vivo Energy, with a possible cash element. The transaction is ...

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AirtelTigo to sell 25% shares to Government

AirtelTigo

THE MINISTER of Communications, Mrs Ursula Owusu-Ekuful, has stated that the government is yet to decide which tool to use to acquire 25% shares in AirtelTigo. According to the Minister, the government has an embedded option to purchase up to 25% of the shares of the merged entity within two years and so the opportunity is there for them to ...

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Ghana’s Public Sector Reforms approved by IMF

Public Sector Reforms

The International Monetary Fund (IMF) has approved the Public Sector Reforms for Ghana to be implemented in 2018. The reforms are part of efforts to reduce the bureaucracies in Ghana’s public sector and improve efficiency. The Fund has been critical of Ghana’s rising public expenditure which it contends has partly contributed to some economic challenges in terms of rising public ...

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Dr Thomas Mensah cautions government on ‘one district ,one factory

Dr Thomas Mensah

Dr Thomas Mensah Renowned US-based Ghanaian Scientist, Entrepreneur and Innovator of Fibre Optic Technologies, Dr Thomas Mensah, has lauded the government’s initiative of establishing a factory in each district to reduce the high unemployment rate. He, however, says the initiative can be sustained when the country is able to build a high-speed train system to easily link the districts. Dr ...

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What the 2018 Budget Say about Taxes

Taxes

Government promised in the 2017 Budget to remove some taxes to free additional capital for businesses and provide relief to consumers. In line with this, the following taxes were abolished: one percent Special Import Levy imposed on imported raw materials and machinery; 17.5 percent VAT/NHIL on Financial Services; 17.5 percent VAT/NHIL on domestic airline tickets; Excise duty on Petroleum; Import ...

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How Africa’s economic growth rides on wireless rails

economic growth

A telecommunications boom is lifting an industry and a continent. In Kenya, hundreds of thousands of people are rising out of poverty as mobile-money services turn subsistence farmers into businesspeople. A similar dynamic drives Ethiopia, the fastest-growing economy in Africa, where the gross domestic product is forecast to climb 8 percent in 2019. Borrowing costs in Ghana plummeted almost 2.5 percentage points during the ...

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