Business Renaissance Networking Cocktail

The Business Renaissance Networking Cocktail which was jointly organized by the Spain Ghana Chamber of Commerce (SGCC) and the Chamber of Commerce and Industry France Ghana (CCIFG) on 27th May, 2021 saw the gathering of business people across diverse sectors such as construction, food & beverages, oil & gas, automobile, and hospitality among others. The …

SIGA to recommend 10 SOEs for listing

The State Interest and Governance Authority (SIGA) will recommend 10 state-owned enterprises (SOEs) for listing on the Ghana Stock Exchange, as the government looks to attract private capital to improve their operations. SIGA is exploring various strategies including divestiture and joint ventures to “enhance the efficiency of performing SOEs and revive the struggling ones,” Director-General …

Cargo movers see AfCFTA driving business recovery

Downed by the coronavirus pandemic, transporters of cargo are now seeing a steady rise in the volume of goods that they cart to landlocked countries which use the nation’s ports. Shocks to supply chains and reduced industrial activities after the coronavirus outbreak curtailed cargo traffic through Ghana’s ports, reducing volumes for both transit and domestic …

Oil companies must act quickly to attract investment—IES

Energy think tank Institute for Energy Security (IES) says the best time for oil producing companies to attract investment into the upstream petroleum sector from the coming green revolution is now. “Announcements by oil majors, governments, industry experts, think tanks, banks and institutional investors, at end first quarter 2021, show that the best time to …

SEC to license credit rating agencies

The Ghanaian securities market will soon have credit rating agencies (CRAs), as the Securities and Exchange Commission (SEC) has issued draft guidelines for their operations in Ghana, almost a decade after declaring its intentions. The draft regulations, which were issued this week, will facilitate and standardise the establishment and operation of credit rating agencies in …

GIPC moves to ensure an even spread of FDIs

The Ghana Investment Promotion Centre (GIPC) says it has begun the profiling of existing investment opportunities across all districts in the country to serve as a guide to potential investors and also part of efforts to ensure an even distribution of projects and foreign investments. The move by the state investment promoter, according to its …

Ghana misses out on US$558.1m G20 debt relief

Government has missed out on the opportunity to save nearly US$560m in debt servicing costs after it elected not to take part in a debt relief initiative for lower income countries badly hit by the pandemic. The Debt Service Suspension Initiative (DSSI), championed by the International Monetary Fund (IMF) and the World Bank, was established …

Gov’t outlines 5 major interventions to fix economy

Finance Minister Ken Ofori-Atta has outlined five major interventions that government intends to embark on to address the economic concerns raised by the #FixTheCountry campaign. In a press briefing yesterday at the Ministry, Mr. Ofori-Atta said, “In the coming days, we will move swiftly to address some of the issues that the #FixTheEconomy [protestors] have …

Covid drives maritime traffic to first fall in 6 years

Ghana’s maritime cargo traffic dropped for the first time in six years as the coronavirus pandemic slowed economic activity and caused a fall in the country’s merchandise international trade. According to data released by the Ghana Ports and Harbours Authority, cargo throughput fell from 27.7m tonnes in 2019 to 26.4m in 2020, a reduction of …

Trade Min. calls for value-added services to exporters nationwide

The Minister for Trade and Industry, Alan Kyerematen, says the Ghana Export Promotion Authority’s (GEPA) Impact Hub should be extended to regions outside the capital to help improve service delivery to exporters nationwide. GEPA’s Impact Hub is a technology-driven export trade information centre set up by the export promotion agency to provide up-to-date export-related information …