Business

Africa holds 60 percent of the world’s arable land and yet, imports $35 billion worth of food annually. Ghana on the other hand, imports some $2.4 million of food annually. Mr. Ken Ofori-Atta, Minister of Finance, quoting the AFDB Group President, said this when he commissioned the Multi-Purpose building of the West Africa Centre for Crop Improvement(WACCI) of the University ...

The Petroleum Commission (PC) says the Petroleum Local Content and Local Participation Petroleum, 2013 (Legislative Instrument 2204) will be reviewed next year to make it more pragmatic and practical. Mr Kwadwo Asare Kyei, Manager of Local Content, PC, said proposals made towards the making of the new LI bothered on the Joint Venture Formation and some other interpretations of the ...

The National Health Insurance Authority (NHIA) will fully roll-out a mechanism to involve the public more in its accountability process, Deputy Chief Executive, Operations, Dr Lydia Baaba Dsane-Selby has said. A lack of proper accountability by some service providers of the national health insurance scheme, and outright fraud, has hobbled development of the scheme for some time now. In a ...

Data released by the Bank of Ghana last week reveals that mobile money is now the leading platform for payments in Ghana outside of cash itself. During the first half of 2018, not only were more payment transactions executed through mobile money than through any other type of non-cash payments platform, but mobile money became the biggest form of payments ...

Participants at a day’s workshop on anti-corruption have acknowledged the need for the fight against corruption to start with the individual. “Corruption, no doubt continue to ruin the developmental fortunes of the nation and it is estimated that over three billion dollars is lost to the practice annually in the country, wealth which otherwise could have been invested in schools, ...

Poultry farmers have been admonished to provide their birds with the right feed to ensure healthy and optimal growth of their birds in order to boost the poultry industry and their incomes. They have also been encouraged to adhere to best poultry production practices and seek information from relevant institutions to help them improve on their business. The Deputy Chief ...

Ghana’s exports to China increased by 41.3% last year.  China’s non-financial direct investment to Ghana reached US$3.213 billion by the end of 2017, involving electricity, aviation, building materials and other fields said Chinese Ambassador to Ghana, H.E Shi Ting Wang. Today, China is the largest trading partner of Ghana. The trade volume between the two countries has soared from less ...

The government is expected to rake in an annual revenue of US$100 million from the electronic waste project which involves the responsible collection and recycling of electronic waste. The project, which is in partnership with Societe General De Surveillance SA (SGS), is also expected to create over 20,000 full-time jobs for the youth within the first year of implementation. The ...

Samson A. Asaki, Executive Director of Importers and Exporters Association of Ghana, says the successful implementation of any trade policy must involve the country’s private sector. Speaking at a forum jointly organised by the Global Alliance for Trade Facilitation (GATF) and the International Chamber of Commerce Ghana in collaboration with the Ministry of Trade and Industry Tuesday in Accra, he ...

The Ghana Statistical Service (GSS) has rebased the Consumer Price Index (CPI) to reflect current expenditure patterns and consumption patterns. The rebasing has been done to meet international best practice and help regroup some products like bottled water which has same price and remove certain products like Cinnamon from the basket of goods and services, among others. Speaking at a ...