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...
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 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...
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...
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...
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,...
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...
Government is set to go ahead with the implementation of the 3% VAT flat Rate from this Saturday, despite intensified appeals by Business Associations for the policy to be scrapped. The 3% VAT flat rate will see manufacturers and wholesalers charge the tax component on their wares and subsequently account...
Ghana’s Gross Domestic Product (GDP) for the first quarter of 2017, grew by 6.6 percent. This compares with the 4.4 percent recorded in the same period of last year. For the first quarter of this year, Ghana’s GDP at constant prices including oil was 8, 557.8 million cedis compared with the...
China has pledged some $15 billion dollars to fund Ghana’s government’s massive economic transformation agenda, with the likelihood that a further four billion dollars would be committed for various development projects across the country. The commitment by the Chinese is based on a financing module presented by the government of...