GREDA raises alarm over money laundering in real-estate
The Ghana Real Estate Developers Association (GREDA), the umbrella-body of property developers, has bemoaned the influx of illicit money into the real-estate sector – describing it as alarming and with dire repercussions for the economy. With the banking sector having closed all the loopholes for money launderers, GREDA said the real estate sector – built […]
Spain-Ghana Chamber of Commerce to improve skills of students
THE Spain-Ghana Chamber of Commerce is implementing an initiative that allows students of the University of Ghana (UG) to have industrial experience with member companies of the chamber. The initiative which was birthed as a result of the Memorandum of Understanding between the chamber and the UG in 2022 seeks to expose students to work […]
Data Protection Commission to clamp down on unregistered data controllers
The Data Protection Commission would embark on another enforcement exercise to clamp down on unregistered data controllers. The Commission began active enforcement last month, conducting spot checks, data protection audits and arresting companies found culpable of data breaches. This activity, the Executive Director, Patricia Adusei-Poku, says has come to stay in order to hold accountable […]
GIPC urges businesses to register TTAs in compliance with law
The Ghana Investment Promotion Centre (GIPC), has called on Ghanaian businesses to ensure that their Technology Transfer Agreements (TTAs) are registered with the GIPC in compliance with the Technology Transfer Regulations (L.I 1547) and the GIPC Act, 2013 (Act 865). Speaking during a UK-Ghana Chamber of Commerce (UKGCC) and PwC Ghana webinar on “Technology Transfer […]
Policy rate to be maintained at 30% – GCB Capital
Ahead of the announcement of a policy rate on Monday September 25, 2023, GCB Capital expects the Monetary Policy Committee [MPC] of the Bank of Ghana to maintain the policy rate at 30% for the rest 2023. It however believes the policy stance will subside in first quarter of 2024 once inflation eases sufficiently. In […]
Ofori-Atta commends G20 for AU’s inclusion, urges common voice
The Minister for Finance, Ken Ofori-Atta says Africa now has the opportunity to contribute to key global issues and push for common interests that would help accelerate economic development in the region. Mr. Ofori-Atta’s optimism follows the recent inclusion of the African Union in the Group of 20 most important industrialized and developing economies, also […]
Ghana’s economy records 3.2% growth in quarter 2, 2023; 0.1% lower than quarter 1
Provisional estimate from the Ghana Statistical Service indicates that Ghana’s economy recorded a 3.2% growth rate in quarter two (April to June) of 2023. This is compared to 3.5% recorded during the same period in 2022, and 3.3% (revised) in quarter one, 2023. Without oil and gas, the Gross Domestic Product (GDP) growth rate for […]
Govt reopens domestic debt exchange program
Government has reopened its Domestic Debt Exchange Program (DDEP). This to enable individuals who could not sign up to the initial debt restructuring exercise but wish to participate do so now. With this announcement from the Ministry of Finance, the window has been opened for interested investors seeking to hold onto government papers as government […]
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 […]