Business

Discussants at a roadshow in Accra have called for a harmonised and stronger competition law regime in Africa. The panelists, who have wide expertise in law, economics, trade and politics, said the lack of such a system in place had given room to multi-nationals and developed countries to take advantage of African nations. Speaking at the International Commercial and Trade ...

The Quiz Mistress  for the National Science and Maths quiz, Dr Elsie Effah Kaufmann, has called for the need to reassess the objectives of university education in the country. She said for a long time, the focus of university education had been on getting a degree, rather than learning the required skills to solve specific problems in the country and ...

The Informal Hawkers and Vendors Association (IHVA) of Ghana has called on the government to come up with a comprehensive policy to regulate the activities of street hawkers and vendors in the country. The absence of a clear policy framework, the association said, denied the government the opportunity to collect the appropriate revenue from such trade activities across the country. ...

Saudi Arabian budget airline Flynas plans to open a hub in West Africa or the Balkans within five years to expand beyond its oversupplied domestic market, according to the airline’s chief executive officer. “Since we are a short-haul carrier, we seek to link those hubs with the current hubs in Saudi Arabia,” CEO Bander Al-Mohanna said Tuesday in an interview at ...

Professor Peter Quartey, the Head of Economic Division at the Institute for Statistical, Social and Economic Research on Tuesday called on the Bank of Ghana to regulate the Foreign Currency Black-market Transactions. He said the measure would ensure that anybody, who transacted business through exchange of currency, leaves records for the Bank to track and know how much the country ...

The Managing Director of the Graphic Communications Group Limited, Mr Ato Afful, has called for an honest discussion on how to find sustainable solutions to the perennial depreciation of the cedi. Opening the Graphic Business/Stanbic Bank Breakfast Meeting Tuesday morning, Mr Afful said an honest discussion was needed to ensure that the right solutions were adopted to tackle the challenges that ...

Ghana’s housing deficit has hit 2 million units. This was revealed by the Minister for Works and Housing, Samuel Atta Akyea. By this, government would have to build 190,000 to 200,000 units of houses each year for the next 10 years to bridge the gap. This is expected to cost around US$3.4 billion for the 200,000 units. The government announced ...

Emirates Airlines, an international airline operater, and Africa World Airlines (AWA) have announced a one-way interline agreement to connect passengers within West African destinations. Under the agreement, Emirates customers will have the opportunity to connect to selected routes of Africa World Airlines’ network. It is also expected to open up new African destinations for Emirates customers from May 2019. In ...

The Securities and Exchange Commission (SEC) is sending a strong warning to Fund Managers and other market operators against promising guaranteed returns on investments. Director-General of the SEC, Daniel Ogbarmey Tetteh said although some investment firms have defied the directive since 2014, the securities market regulator will descend heavily on violating firms in the coming days. “You are not supposed to ...

Countries across resource-rich sub-Saharan Africa are failing to reap the benefits from their wealth of endowments of oil and minerals due to an “implementation gap” between the laws that govern extractive industries and the practices, in reality, new research has stated. An analysis by the Natural Resource Governance Institute of the extractive industries in 28 sub-Saharan African countries reveals that ...