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 […]
Local businesses get major boost to access EU market with UK bank account
-Tranzfar introduces Freedom Bank Account Local businesses have been offered a major boost to access the European Union (EU) markets with a United Kingdom (UK) bank account from Ghana to eliminate the long-existing mode of transaction challenges. Businesses and individuals over the years have struggled with their ability to send money to Europe and the […]
We only financed government in 2020 and 2022 with ¢10bn, ¢37.9bn – BoG
The Bank of Ghana says it only financed the government in 2020 and 2022 when the economy was hit by external and internal shocks. According to the Central Bank, it provided ¢10 billion in support to the government in 2022 due to the Covid-19 pandemic. In this regard, it launched the Covid-19 Pandemic Bond on […]
GSS to conduct census of formal and informal businesses
To enhance decision-making for businesses to thrive, the Ghana Statistical Service (GSS) has announced that it will conduct a comprehensive census of informal and formal businesses across the country. The exercise according to the Service will be conducted in two phases with the initial one to be held in mid-October 2023 and the second phase […]
Tame inflation, GHS 60billion loss not excuse to shirk policy mandates – IMF tells BoG
The International Monetary Fund (IMF) has cautioned the Bank of Ghana against not fulfilling its policy mandate in the face of the loss it posted for the financial year ending 2022. According to the IMF, the Central Bank must despite the impairment ensure that inflation returns to the target of 8 percent. “The loss the […]
ICAG Post 2023 Mid-Year Budget: Accountants urged to uphold PFM Law to help reduce government debt
The Chief Director at the Ministry of Finance, Eva Mends, is urging all accountants in the public sector to uphold the Public Financial Management Law to help reduce government debt. According to her, sanctions enshrined in the PFM Act should be meted to those who breached the law. As part of fiscal measures to reduce […]