BoG outlines plans to address climate risk, strengthen financial system
The Bank of Ghana (BoG) Governor, Dr. Ernest Addison, has outlined plans to address climate risk and strengthen the financial system – including issuing a climate-related financial risk directive to provide guidance on addressing environmental risks and related issues in the industry. Speaking at the Chartered Institute of Bankers-Ghana’s 60th anniversary launch, Dr. Addison revealed that […]
Employers advocate job creation tax credit
The prevailing tax regime poses a significant stumbling block to employers and businesses’ ability to generate employment opportunities, President of the Ghana Employers’ Association (GEA), Dan Acheampong, has lamented; advocating the introduction of a job creation tax credit (JCTC) for businesses that consistently maintain or increase their workforces above a certain threshold. With the current […]
Government announces settlement of dollar-denominated DDEP
Government has announced the successful settlement of the Domestic Debt Exchange Programme (DDEP) in respect of the Government’s U.S. dollar-denominated bonds. “This successful result is a significant achievement for the government as it pursues its macroeconomic stabilisation policies under the IMF-supported Post-COVID-19 Programme for Economic Growth (PC-PEG)”, a statement from the Ministry of Finance said. […]
T-bills: Government borrowed ¢11.90bn in August 2023
The government borrowed ¢11.90 billion via treasury bills in August 2023, a 3.21% increase over the previous month. The gross uptake showed target and maturity ratios of 0.96 and 1.17. On a monthly basis, yields on the 91-day and 182-day bills surged 178 basis points and 147 basis points to 27.02% and 28.62% respectively. Analysts […]
Strong participation in DDEP II spurs further hope of recovery
The nation has achieved a significant leap toward economic recovery by successfully executing its Domestic Debt Exchange Programme (DDEP) Phase II, backed by impressive levels of investor participation. These initiatives, meticulously designed to tackle financial challenges induced by the pandemic, encompassed U.S. dollar-denominated bonds, pension funds and cocoa bills, and were in the region of […]
US$88m Ada salt project to spur exports under AfCFTA
The newly established industrial salt production plant worth US$88million at Ada in the Greater Accra Region holds potential to become the country’s leading export commodity to the African market under the Africa Continental Free Trade Area (AfCFTA) arrangement, says its owners. The project is estimated to yield about US$2billion to the economy in the short-to-middle-term, […]
STRATEGIC PARTNERSHIP ANNOUNCEMENT BETWEEN THE SPAIN GHANA CHAMBER OF COMMERCE (SGCC) AND SIMTV – BA MEDIA.GHANA BA_TV 24 COUNTRY DOCUMENTARY CAMPAIGN: ‘Africa’s Golden Opportunity’
It is with pleasure that we announce that the Spain Ghana Chamber of Commerce (SGCC), anon-profit private entity whose main objective is the promotion of commercial, economic, andindustrial relations between Spain and Ghana, has entered into a strategic partnershipagreement with the international production film company SIMTV – BA Media to support theproduction of a cinematic […]
AFC takeover of Aker Energy one of significant major acquisitions in Africa – Africa Energy Chamber
The approval of the takeover of Aker Energy by the African Finance Corporation in Ghana has been described as one of the significant major acquisitions in the oil and gas sector during the first-half of 2023, the African Energy Chamber has disclosed. According to the report, the transaction is pushing Ghana into an oil and […]
GIPC to roll out new regulations to enhance local enterprises capacity to boost FDIs
The Ghana Investment Promotion Center (GIPC) will soon roll out new regulations that will enhance the capacity of local enterprises to facilitate and boost Foreign Direct Investments. According to its Chief Executive of GIPC, Yoofi Grant, his outfit will create an avenue for mobilising and harnessing the resources and skills-set of the Ghanaian Diaspora Community […]
Over 90% of Cocoa Bills tendered for exchange programme
Over 90% of holders of Cocoa Bills have been tendered for exchange in the new Government of Ghana exchange programme. This the Minister of State at the Ministry of Finance, Dr. Mohammed Amin Adams, has described as a huge success for the state as it looks forward to use the proceeds to finance other cocoa […]