Economy

Ghana, US promote seed sector development

Seed Sector

The United States Agency for International Development (USAID) through the US government’s Feed the Future Initiative last week launched the National Seed Trade Association of Ghana (NASTAG), in collaboration with the Ministry of Food and Agriculture and other development partners. NASTAG is a partnership between producers, traders, government institutions and processors in the seed industry. The Association aims to spur ...

Read More »

Ghana Airports posts strong financial performance over 10 years

GACL Financial

The Ghana Airports Company Limited (GACL) has posted significant financial growth in the 10 years of its operations, with its revenue growth from GH¢21 million in 2007 to GH¢363 million in 2016. The Company’s total capitalization has also surged over 44 times the initial GH¢130 million to GH¢5.8 billion, according to Mr John Dekyem Attafuah, Managing Director of the GACL, ...

Read More »

Revenue shortfall won’t impact growth – Ofori-Atta assures

Revenue

Finance Minister, Ken Ofori-Atta, has said government’s growth projection of 6.3 percent will be met regardless of the shortfall in revenue recorded in the first quarter of the year. The huge revenue plunge, however, was enough to force government to slash its ambitious original revenue target of GH¢44.5 billion to GH¢43.1 billion, which is about GH¢1.4 billion less of the ...

Read More »

Over 350 proposals received for 1 district, 1 factory initiative

Proposals

Minister for Trade and Industry, Alan Kyeremateng, has disclosed that government has received over 350 business proposals from investors, so far, who want to be part of the 1 district, 1 factory initiative. “It started very well,” the minister told the B&FT in an interview. “Right now, we have over 350 business promoters that have already submitted their proposals to ...

Read More »

Gov’t delegation meets London Stock Exchange

London Stock Exchange

As part of activities to strengthen the ties between Britain and Ghanaian businesses, a delegation of government officials through the UK-Ghana Chamber of Commerce (UKGCC) called on the CEO of the London Stock Exchange (LSE) to deliberate on business issues that seek to benefit Ghana and its citizens. Led by the Senior Minister, Hon. Yaw Osafo-Marfo, the delegation included the ...

Read More »

World Bank to support women entrepreneurship with over $1 billion

world bank

The World Bank Group, as part of the G20 leaders’ summit, have announced the creation of an innovative new facility that aims to enable more than $1 billion to advance women’s entrepreneurship. This facility will also help women in developing countries gain increased access to the finance, markets, and networks necessary to start and grow a business, the Bank said. ...

Read More »

Minority calls for MOU on $19 billion in Parliament

Parliament of Ghana

The Minority caucus in Parliament has challenged Vice President, Dr Mahamudu Bawumia and the New Patriotic Party to make available to Parliament details of the $19 billion MOU between Ghana and China. According to them, the recent Supreme Court ruling on the two Guantanamo Bay inmates makes it imperative for the government to bring the $19 billion MOU with the ...

Read More »

Chinese investment in economy not a loan – Veep explains conditions

Bawumia

Vice-President Alhaji Dr Mahamudu Bawumia has stated that the Chinese investment in the Ghanaian economy is not a loan, aid or hand-out. “We sought to leverage less than five per cent of our bauxite deposits to unlock close to $20 billion,” he told participants attending a two-day conference on the theme: “Building resilient industries and infrastructure for economic transformation in ...

Read More »

T-bill rates hit 5-year low

Revenue

Rates on short-dated government securities have taken their free fall to another level, hitting a five-year low on June 23, this year. Buoyed by the current stable inflation and foreign exchange rate regime, rates on the benchmark 91-day treasury bill (T-bill) dropped from 25.19 per cent on July 13, 2015, to 22.79 per cent in January, last year, before narrowing ...

Read More »

USAID study examines Impact of Trade-Related Fees and Charges in Ghana

The US Ambassador to Ghana Robert P. Jackson has launched “The Cost of Trading in Ghana,” a new study on the impact of trade-related fees and charges. United States Agency for International Development (USAID) conducted the study on behalf of the National Trade Facilitation Committee, according to a press release from the US Embassy in Ghana. The study was launched ...

Read More »