Business

World Bank Country Director for Ghana, Liberia, and Sierra Leone, Robert Taliercio, has warned Ghana against rushing back to international capital markets, describing such a move as premature and potentially risky. According to him, an early return could send the wrong signal to investors and lead to a reversal of gains made under Ghana’s debt restructuring efforts, exposing the country ...

Stakeholders in Ghana’s cocoa sector have expressed concern over the continued exploitation of children for labour in cocoa-growing communities and have called for urgent collective action to address the issue. Representatives from Ghana COCOBOD, farmer cooperatives, Ghana Education Service (GES), and civil society organizations raised these concerns at the launch of the Rights4Cocoa: Protecting Children’s Rights in Ghana’s Cocoa Sector project in ...

A new study has shed light on the alarming prevalence of Illicit Financial Flows (IFFs) along the supply chain of Gold Mining in Ghana, particularly during processing, transportation and marketing. The study, titled “Mapping of Illicit Financial Flows Risks Along the Supply Chain of Gold Mining in Ghana” was conducted by the Integrated Social Development Centre (ISODEC), with support from the Global ...

The Head of Policy and Programmes at the Integrated Social Development Centre ( ISODEC), Mr. Bernard Anaba has called for a concerted effort to tackle the root causes of corruption and Illicit Financial Flows in Ghana and the Africa continent in general. Mr. Anaba cautioned that efforts being made by Civil Society, government and other stakeholders to curb the menace will ...

Global Financial Integrity (GFI), a research think tank focused on Illicit Financial Flows and money laundering has launched a report that exposes the prevalence and patterns of money laundering in Ghana’s Real Estate Sector. Titled, Ghana’s Open Secret: Why Dirty Money in the Real Estate Sector is a Reality, not a Myth, the Report was put together by analyzing curated ...

Ghana faces the prospect of widespread power outages after one of its largest electricity producers shut down operations amid mounting unpaid bills, highlighting the deepening financial crisis in the West African nation’s energy sector. Sunon Asogli Power, which supplies approximately 15 percent of Ghana’s electricity, suspended operations two weeks ago citing $259mn in outstanding payments. The company’s 560-megawatt plant closure ...

The active involvement of all key stakeholders will help prevent the smuggling of cocoa beans to other countries, Emmanuel Adjei, Ashanti Regional Deputy Manager of COCOBOD, has stated. He said increasing cocoa smuggling to the neighbouring countries, coupled with illegal mining, sand winning, bush burning and other negative activities, were seriously affecting cocoa production in the country. It was, therefore, ...

The Integrated Social Development Centre (ISODEC) in collaboration with the Global Financial Integrity (GFI) have organised a one day intensive training on Illicit Financial Flows (IFFs) for investigative Journalists from Ghana and other West African Countries. Some Nigerian journalists participated in the training via Zoom. Other Journalists from Sierra Leone and Burkina Faso registered to join in, but for one ...

The Africa Centre for Energy Policy (ACEP) has expressed concerns about the ongoing accumulation of substantial debt within Ghana’s energy sector, highlighting that the country is accumulating approximately $67 million each month in unpaid obligations. This rising debt, according to ACEP, is largely a result of the low revenue recovery rate of the Electricity Company of Ghana (ECG), which it ...

The Executive Director and Staff Members of the Integrated Social Development Center (ISODEC) on Monday, September 16, 2024, discussed its draft Financial Management Manual which is meant to guide the monetary control systems of the organization. The Manual seeks to provide a structured approach to financial decision-making, while enabling ISODEC to make informed, data-driven decisions that align with its strategic ...