Business

The New Patriotic Party (NPP) Memeber of Parliament (MP) for Juabeng, Ms Ama Pomaa Boateng, has proposed to Parliament to, as a matter of urgency, pass a law to incorporate cryptocurrency into Ghana’s financial  sector. She said there was an urgent need for members of the house to expand their knowledge and pioneer legislation that would recognise the block-chain technology ...

A number of international consumer goods companies operating across Africa have launched the Africa Plastics Recycling Alliance at the Africa CEO Forum in Kigali, Rwanda. They include Diageo, Unilever, The Coca Cola Company, and Nestlé. This Alliance aims to turn the current challenge of plastic waste in Sub Saharan Africa into an opportunity to create jobs and commercial activity by ...

African Regional Programme Leader of Food and Agricultural Organisation (FAO), Dr Ade Freeman, has said about $40 million is needed to fill the financial gap in the agricultural sector. He said there was a deficit in the sector and until that amount was amassed the sector would continue to lag behind. Dr Freeman said this at a stakeholders’ engagement on ...

Ghana has recorded a downward slope by placing 9th as one of the preferred investment destination hub in Africa, according to a study by Rand Merchant Bank Ltd (RMB). Findings by RMB analysts and co-authors of the study, Celeste Fauconnier and Neville Mandimika showed that Ghana dropped from fifth to ninth place in the 2019 rankings mainly as a result ...

An ambitious project is underway to install 55 small-scale renewable electricity production and distribution systems, known as mini grids, in island communities on the Volta Lake and those with limited access to the national grid by 2020. So far, some US$230 million has been dedicated to the implementation of the project which is being executed by the Volta River Authority ...

Ministry of Food and Agriculture says it is looking to cut down imports of rice by 50 per cent as well as end the importation of tomato this year. Deputy Minister for the Ministry of Food and Agriculture, George Oduro said the government is working to cut the levels of food import significantly. He said “this year alone, our target ...

The Executive Board of the International Monetary Fund(IMF) has completed the last review of the Extended Credit Facility (ECF) for Ghana, signifying the conclusion of the four-year support programme. The Executive Board decision now allows for the disbursement of the last tranche of SDR132.84 million (about US$185.2 million) to Ghana. The board completed the seventh and eighth reviews on Wednesday March ...

The Ministry of Business Development is developing a national entrepreneurship policy to help address most of the difficulties faced by entrepreneurs. It has started the process by successfully initiating a draft document of the policy. The ministry, as part of its broader stakeholder engagement in the development of the policy, has met with stakeholders in the private sector, including the ...

The Ghana Real Estate Developers Association (GREDA) has asked for a review of the Home Finance Mortgage Act, 2008(Act 770) to help promote and develop the mortgage sector. An amendment, the association stated, should make it simple and unambiguous for easy interpretation and application for stakeholders who consist of the judiciary and law enforcements agencies. It should also seek to ...

Vodafone Ghana will on Monday 19 launch its 4G network service across major cities in Ghana. This is to help give superior internet service to Vodafone customers across Ghana. At a pre-launch media briefing in Accra on Tuesday, the Chief Executive Officer of Vodafone Ghana, Yolanda Cuba, said the technical team of the company have been able to fast track the ...