Chief Executive Officer of the Ghana Investments Promotion Centre (GIPC) Yofi Grant has made a strong case that Ghana remains the best and most-preferred investment destination, despite the country dropping two places in the latest World Bank’s ‘Ease of Doing Business’ report. According Mr. Grant, though the latest ranking has...
A Ghana Statistical Service report indicates that expenditure made by domestic tourists during their visits to different parts of the country in 2015 amounted to GH₵698.4million. Out of this amount, expenditure by domestic tourists visiting friends and relatives constituted 29.6 percent; funeral expenditure constituted 24.3 percent, and business expenditure accounted...
President Nana Addo Dankwa Akufo-Addo has appealed to investors both local and foreign to be interested in what he describes as the rapidly growing aviation sector of Ghana. As a result, government has started renewing initial bilateral air services agreement with investors. The president said this on Wednesday when he...
The subject of unaccredited institutions offering tertiary education in Ghana is common knowledge, while the acquisition of degrees by some Ghanaians from unaccredited and bogus institutions from overseas is known to plague the Ghanaian society, but a UNESCO report released October 24, 2017, has pointed these out. UNESCO’s 2017/8 Global...
The World Bank has selected Ghana to be a Founding Member of the Investment Reformers Network. Ghana is part of some 15 selected countries worldwide, to participate in the Network, this year. It follows what the Bank describes as Ghana’s transformational reforms impacting Foreign Direct Investment (FDI) and its spillover effect...
Average interest rate on agricultural loans by banks has reached 31.00 percent as at September 2017. This is according to the Bank of Ghana’s Annual Percentage Rate and Average Interest report. The report also shows that National Investment Bank offers the highest agric loans at 37.2 percent. But Bank of Baroda...
The Registrar General’s Department (RGD) has announced it will sanction companies that default in re-registering their businesses. The caution comes even though a deadline for defaulting companies is expected to be announced by the end of October 2017. The exercise also forms part of moves by the Registrar General’s Department to...
The Minister of State in charge of Tertiary Education, Prof. Kwesi Yankah, has revealed that the current system of mentoring and affiliation - wherein a private university college understudies a public university until the private university college becomes mature - will soon be abolished. “Indeed, sweeping reforms in tertiary education...
Gold recorded its second highest growth of about 25 percent between August 2016 and August 2017. Export revenue from the mineral went up from US$3billion to US$3.79billion within the one-year period. However, cocoa recorded the least growth in export revenue of about 16 percent. The cash crop raked in US$1.99billion in...
Ghana has cleared her first Eurobond issued in 2007. A former Finance Minister, Seth Terkper who confirmed this to Citi Business News said the government cleared the final instalment of the bond on October 4, 2017. According to him, the government resorted to about 200 million dollars from proceeds from oil...