Ghana is working to roll out a robust system within the next six months so that customs clearance can be granted to importers in four hours, the Vice-President, Alhaji Dr Mahamudu Bawumia, has said.
He stated also that plans were far ad…
The Audit Service says the properties of even dead people who received or took funds from the public purse wrongly will not be spared, as it begins surcharging persons and organisations implicated in the annual Auditor-General’s reports.
…
The current economic crisis and recession in Nigeria has brought to the fore what is already known: that the existent Nigerian national economy is not organized for internal self-propulsion and autonomous economic and business activities. …
Twiga Foods, the Kenyan business-to-business food supply platform announced today that it has successfully raised a Series A funding round including $6.3m in equity and $4m in debt instruments. The round was led by Wamda Capital and includ…
The UMB Bank and UMB Capital have launched the UMB Foundation, an independent philanthropic entity to streamline the corporate social responsibility initiatives of UMB Bank and UMB Capital.
To achieve its vision of “creating meaningful …
The Ghana Union of Traders Association (GUTA) has expressed dissatisfaction with the mid-year budget review presented at Parliament on Monday, by Finance Minister, Mr Ken Ofori-Atta.
The GUTA said the budget failed to capture policies n…
Mr Kenneth Kwamina Thompson, Chief Executive Officer of Dalex Financial Services, says there is hope for journalism in Ghana, especially financial journalism, as the programmes of IFEJ will equip journalists to improve on their work.
He…
Ethiopian Airlines Group, a Star Alliance member, has colourfully marked the 20th anniversary of Star Alliance, the largest global airline network. A statement issued in Accra by Mrs Hanna Atnafu, Manager Corporate Communications, Ethiopia…
The Association of Small Scale Industries (ASSI), the apex body of trade sector associations within the manufacturing and service sectors, has been re-launched after 30 years of operation in Ghana.
The re-launch coincides with the laun…
A member of the Public Affairs Department of the Ghana Cocoa Board (COCOBOD), Mr David Asare-Oduro, says the government and COCOBOD have resolved to ensure that 50 per cent of cocoa produced in Ghana is processed into finished products to …
The eurozone notched up growth of 0.6% in the second quarter of the year, official Eurostat figures showed.
The figure puts annual growth in the 19-country bloc at 2.1% since a year ago.
First-quarter growth was revised down slightly…
The youth have been called upon to carefully prepare themselves for the job market to enable them have access to the limited job openings.
Mr Abraham Opare-Zisu, Managing Director of the South East Company Limited expressed the need fo…
A United States Agency for International Development in Ghana (USAID) grant beneficiary, Antika Company limited has supplied about 180 metric tons of certified seeds to the government’s “Planting for Food and Jobs Programme”.
The suppli…
The Ghana Export Promotion Authority (GEPA) has called on the Metropolitan, Municipal and District Assemblies (MMDAs) in the north to help identify and unearth immensed agricultural products that could be developed and promoted locally fo…
British Gas will increase electricity prices by 12.5% from 15 September, its owner Centrica has said, in a move that will affect 3.1 million customers.
Gas prices are unchanged, but the average annual dual-fuel bill for a typical househ…
The Government has successfully laid the foundation for flagship programmes and would start implementing them in the second half of the year (2017).
Finance Minister Ken Ofori-Atta said the focus of the Government in the first half of t…
Mr Ken Ofori Atta, Minister of Finance, has said the country’s macroeconomic indicators are pointing to the right direction, attributing these successes to the various strategies put in place to ensure fiscal stability and growth.
He sa…
Four Municipal and District Assemblies (MDAs) in the Brong-Ahafo Region are benefiting from an European Union (EU) funded development support programme aimed at enhancing local economic growth and creating jobs among the youth.
Under th…
A national forum on the International Monetary Fund (IMF) programme has ended with a call on the Government to deepen transparency and accountability through periodic publication of fiscal data with a lag of six weeks.
The participants …
Mr Ken Ofori-Atta, the Minister of Finance, on Monday presented the Mid-Year Fiscal Policy Review of the 2017 Budget Statement and Economic Policy to Parliament in accordance with Section 28 of the Public Financial Management Act 2016, (Ac…
Finance Minister, Mr Ken Ofori-Atta, has reaffirmed government’s commitment towards making Ghana a leading entrepreneurial nation on the African Continent.
He said government was injecting 10 million dollars as a seed-capital into the…
The shortage of homes coming on to the market is helping to keep house prices high, the Nationwide has reported.
The building society said that prices increased by 0.3% in July, the second month running there has been a rise.
Nationw…
The country’s gross international reserves increased slightly in the first half of the year up from US$4.9 billion at the end of December 2016 to US$5.9 billion. This implied that the amount could provide 3.4 months of import cover for t…
Working with the support of MTN Ghana, the Ghana Police have arrested two culprits at Assin Daaman in the Central Region. The two are suspected to be involved in Mobile Money scams.
The suspects, Stephen Appiah and Eric Aboagye, were ar…
The government has revised nominal gross domestic product (GDP) to GH¢202.01 billion from the original projection of GH¢203.41 billion.
Projected economic growth has, however, been maintained at 6.3 per cent.
The reduction in the nom…
The Minister of Finance, Mr Ken Ofori-Atta, has announced that government plans to eliminate all its arrears by end of 2019 following the result of an audit of the outstanding commitment generated as at end 2016.
He, however, gave the a…
The Minister of Finance, Mr Ken Ofori-Atta, has painted a bright future for the country's economy, indicating that the economy is stable and on the path of recovery.
Presenting the mid-year fiscal policy review of the 2017 Budget Statem…
The country earned US$277.79 million in revenues from crude oil exports in the first half of year 2017.
It is about 53.9 per cent of this year’s target from the sector, which was announced at US$515.57 million in the 2017 Budget.
The…
The government has revised the 2017 fiscal deficit target to 6.3 per cent of gross domestic product (GDP) down from the 6.5 per cent announced in the budget.
It has, however, maintained the growth target at 6.3 per cent of GDP, in spite…
‘Hackathon’ contest looks for Egyptian solutions to environmental problems in the fields of Energy, Recycling and Sustainable Farming
The British Embassy in Cairo launched a ‘Hackathon’ competition to find the best aspiring social e…
Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017
Dangote Cement (www.DangoteCement.com), Africa’s largest cement producer, has announced its unaudited results …
Internet Solutions Ghana, one of Internet Solutions’ local operations in Africa, won the Internet Service Provider of the Year Award at the 2017 Ghana Information Technology and Telecom Awards (GITTA) held in the capital Accra.
Regional…
Ghana began developing the AGOA Strategy last year, following the renewal of AGOA for a 10-year period (2015 to 2025) by the U.S. Congress
U.S. Ambassador to Ghana Robert P. Jackson joined officials from the Ministry of Trade and In…
Despite the changing dynamics in market conditions and ecosystem, value chains, competition and regulation challenges, customer demands and usage behavior, Tigo continues to stand out from the crowd mainly due to its culture of customer-or…
Mr Collins Ntim, Deputy Minister of Local Government and Rural Development, has said the performance of Metropolitan, Municipal and District Assemblies in the promoting and supporting agriculture to address poverty has not been encouragin…
The story of Universal Merchant Bank (UMB), an indigenous financial institution, reads like a tale encapsulating the spirit of enterprise, self-determination and commitment.
It is also a narrative that demonstrates how a vision which had …
The Ghana Export Promotion Authority (GEPA) has started a programme to support the thirteen Municipal and District Assemblies in the Upper East Region to identify, develop and promote exportable products.
As part of the preparation stag…
Dr Owusu Afriyie Akoto, the Minister for Food and Agriculture (MOFA) has said Government would clasp mango production into the one district one factory policy to create jobs and wealth for the youth and women.
He said the Ministry of Lo…
Government has initiated a key strategy intervention to cover cashew, shea, mango, citrus, cocoa, rubber and oil palm under its “Planting for Jobs and Investments” programme.
The programme, which is the second flagship programme of the …
The unemployment rate in the eurozone has fallen to its lowest since February 2009, according to the latest official figures.
The rate dropped to 9.1% last month, from a downwardly revised 9.2% in May.
Separately, inflation remai…
Dr Francis Kusi, the research team leader of the Savanna Agricultural Research Institute ( SARI), has said the Institute is expanding its education programme on the propagation of the Frafra potato (Solenostemon rotundifolius poir) to cov…
The African Development Bank (AfDB) will invest US $24 billion dollars in agriculture as part of its Feed Africa programme- a strategy for agricultural development in Africa.
President of the Bank, Akinwumi Adesina, said this in a speec…
The President of the African Development Bank (AfDB), Akinwumi Adesina, will visit Ghana from 1-4 August 2017 as part of efforts to strengthen cooperation.
The President’s visit to Ghana will provide an opportunity to engage with the Pr…
This will allow them to respond to current energy planning gaps; integrate energy sector planning tools in sector planning and acquire knowledge on undertaking energy demand and supply analyses and balance management
The Economic Co…
The IT failure at British Airways in May that left thousands unable to check in baggage cost it 65m euros (£58m), the airline's owner, IAG, has said.
About 75,000 passengers faced severe disruption when BA's system failed over the secon…
Spain's economy grew by 0.9% in the second quarter thanks to improved exports and household spending.
The growth figure, a first estimate from the National Statistics Institute (INE), suggests the country's economy has finally grown bac…
Facebook, a global social media, now has a platform community exceeding 2 billion people,
Mr Mark Zuckerberg, CEO of Facebook, announced this in his quarterly results and giving updates on progress made to bring the world closer toget…
Mr Emmanuel Wullingdool, the Policy Officer of the Ghana Trade and Livelihood Coalition (GTLC), has called on farmers to ensure proper post-harvest practices to help reduce the high incidence of post-harvest losses.
He said post-harvest…
The US Ambassador, Robert P. Jackson has pledged his country’s preparedness to work with Ghana to create an enabling business environment that would build upon stable economic and political foundation and create jobs.
He said this when …
Professor Robert Darko Osei, the Vice Dean for the School of Graduate Studies, University of Ghana, has urged the Government to check efficiency of public spending. “We need to check the efficiency of government spending, to help strengthe…