BUSINESS

Ghana must legislate new measures to boost revenues by at least 0.5 percent of gross domestic product before the IMF reviews a $918 million credit deal next month, the Fund said. The West African nation must also outline plans to clean up the financial sector and show stronger commitment to cut debt, including limiting its next Eurobond for budget support ...

President Nana Addo Dankwa Akufo-Addo has lauded Ecobank over a partnership deal with the National Youth Authority (NYA) to create 3000 jobs. The Pan-African bank is offering to absorb 3000 unemployed youth after undergoing a three-month training programme. The NYA on Thursday, February 08, 2018 launched the Digital Marketing and Entrepreneurship Programme for persons between the ages of 15 to ...

President Akufo-Addo has appealed to banks in the country to complement the achievement of his government by reducing lending rates to the private sector. Delivering the special guest of honour address at the official opening of the newly built Ecobank Ghana Head Office in Accra, the President said lending rates have remained  high irrespective of the fact that  fiscal deficit ...

Ghana’s macroeconomic performance improved in 2017 after a difficult 2016, according to the World Bank. The country’s economy expanded for the fifth successive quarter in September 2017, at a rate almost double that of 2016, according to a World Bank report released Monday. The 3rd edition of the Ghana Economic Update, which focuses on agriculture as the engine of growth ...

In an unexpected move that could be the beginning of a restructuring of the local banking space, a consortium of financial institutions that control majority shares in agric-focused bank, Agricultural Development Bank (ADB), have pledged their shares, proceeds, entitlement and voting rights to uniBank, a leading local bank. The consortium, led by Belstar Capital–a turnkey project finance and implementation institution–also ...

The Public Utilities Regulatory Commission (PURC) has announced a staggering electricity tariff reduction. The decision comes after an extensive stakeholder consultations, detailed technical analysis of utility tariff proposals and consideration of inputs and concerns of consumers. Per the summary of the approved percentage reductions residential consumers will enjoy 17.5% reduction with Non-Residential consumers enjoying 30% with Special Load Tariff Customers ...

The Managing Director of Stanbic Bank Ghana, Alhassan Andani has revealed that he had an opportunity to wear sandals for the first time when he gained admission into Senior High School (SHS) in Tamale. According to him, he never had any opportunity to wear sandals when he was growing up as a village boy at Sagnarigu, a suburb of Tamale. ...

Vice President Dr Mahamudu Bawumia has called for the speedy automation of the activities of the Lands Commission, to make land title service delivery more efficient. Speaking at the Land Administration Forum in Accra on Wednesday February 28, 2018, the Vice President called on the private sector to partner government to make the ongoing efforts to automate a reality. “Government ...

President Nana Addo Dankwa Akufo-Addo says notwithstanding the excellent relations that exist between Ghana and Germany, the former wants to refocus to enhance the relationship. According to President Akufo-Addo, “we want our relations with Germany to be characterised by an increase in trade and investment co-operation.” The President explained that an increase in trade and investment co-operation between the two ...

The Ghana Interbank Payment and Settlement System (GhIPSS) has commended organisers of Ghana’s premier pop-up market, christened Selewa Market, for creating a platform for shoppers to use electronic forms of payment at the fair. The fair created over the past 3 years, has provided an avenue for businesses ,both SMEs and corporate organisations, to converge at one venue to sell ...