Business

The International Monetary Fund (IMF) has donated 15,000 dollars (GH¢75,000) to support the establishment of an Integrated Support Centre for female head porters (Kayayei) at Agbobloshie in Accra. The Centre is to be established by Purim African Youth Development Platform (PAYDP), a Non-Governmental Organisation that empowers girls through formal and informal education. Ms Christine Lagarde, the IMF Director, during her ...

The Bank of Ghana on Monday reduced the policy rate to 16 per cent representing a 100 basis points. In March, 2018, the Bank reduced its rate by 200 basis points from 20 per cent to 18 per cent. The Monetary Policy Committee noted that the immediate risks to the disinflation path were well contained and the current conditions provided ...

The President of the Ghana Hotels Association (GHA), Dr Edward Ackah-Nyamike Jnr, has urged the government to make security and basic infrastructure such as good road network, a priority in a bid to attract more tourists into the country, this year. With this year christened the ‘Year of Return’, to mark 400 years of slave trade, he said the hospitality ...

The Regional Head of Human Resource (HR) at Standard Chartered Bank for Africa and the Middle East, Ms Millicent Clarke, has observed that over the years, biases against females in the corporate world has significantly reduced, as many organisations begin to tap into the immerse potential of women for growth in their businesses. She said this has led to many ...

A Memorandum of Understanding (MoU) has been signed between Ghana’s Forestry Commission and the China National Electronic Import and Export Corporation (CEIEC) meant to lead Chinese companies to corporate with the Ghanaian government to construct a China- Ghana Forestry Economic and Trade Corporation park. The move aims at building an internationally advanced industrial cluster and bringing out strong   industrial agglomeration ...

Government has been urged to take a critical look at the gas production sector by reviewing the pricing system which has a lot to do with the high price of electricity power in the country. “If we want to be competitive, if we want to support industrial growth, then ultimately it means that the price of power that people pay ...

The Electronic Communications Tribunal (ECT) yesterday began hearing details of a petition put before it by the Mobile Network Operators ( MNOs) in the country over the GH34 million fine imposed on them by the National Communications Authority (NCA). The fine, which the MNOs had earlier described as too heavy, was slapped on them for what the regulator claimed to ...

President Nana Addo Dankwa Akufo-Addo Tuesday said Ghana’s public finance was now in order. He said the period when the country’s economic indicators “went haywire and through the roof are over.” “The days of disarray in our public finances, the reason for our recent marriage with the IMF, are over,” the President said when he commissioned three new State-of-the-art production ...

The Managing Director/CEO of Zeinth Bank Ghana, Mr Henry Oroh, has said that the recent recapitalisation exercise that has seen 23 banks increase their minimum stated capital to GH 400 million will increase competition in the industry which will subsequently drive interest rates down. He said the recapitalisation exercise meant that every bank was now a big bank and ready ...

Tax expect and Managing Partner of Ali-Nakyea and Associates, Mr Abdallah Ali-Nakyea, has urged the government to fully operationalise the National Single Window and Paperless regime at the country’s seaports. This, he said, would help the government achieve its ambitious target of GH¢7.42 billion from import duty this year. “Granted that the National Single Window and Paperless Port System will ...