Tuesday , 25 April 2017
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Travel, tourism contributed GH¢4.5bn to 2015 GDP

Travel and tourism contributed some GH¢4.5 billion to Ghana’s economy in 2015. Mr Seth Yeboah Ocran, President of the Ghana Car Rentals Association on Friday said domestic tourism could develop through the effective collaboration of stakeholders. He said domestic tourism alone contributed immensely to the socio-economic development of the country, and it was important to look at measures that would …

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Gov’t to implement required reforms to aid completion of IMF program

The Finance Minister has assured government will be able to implement all the required reforms to help complete the International Monetary Fund (IMF) program as scheduled. Ken Ofori-Atta’s assurance follows concerns that government might have to embark on a “crush program” to help meet the April 2018 deadline for complementing the FUND program. Speaking to JOYBUSINESS on the sidelines of …

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Cocobod project to rehabilitate 10,000 hectares of cocoa farms

The Ghana Cocoa Board (Cocobod) has launched a project to treat and rehabilitate some 10,000 hectares of diseased and overage cocoa farms in the Western North and Eastern regions this year. The project will involve the removal of 11 million trees for replanting. Currently, about 17%of cocoa area, that is about 309,830.73 hectares, surveyed is affected by the Cocoa Swollen …

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NDC Cries Over Govt Size

The minority National Democratic Congress (NDC) in parliament yesterday raised serious concern over the huge size of the New Patriotic Party (NPP) government and the economic implications for the nation. It chastised the president for religiously promising to protect the public purse but is doing otherwise. According to the minority, from the way the government has begun with unrestrained expenditure …

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Bawumia,Ofori-Atta head Ghana’s team at IMF/World Bank Spring Meetings

The Chairman of the Economic Management Team, Vice President Dr. Mahamudu Bawumia, and the Finance Minister Ken Ofori-Atta are leading a Government delegation to the IMF/World Bank Spring Meetings to be held in Washington DC, from April 18 – 28, 2017. The delegation is made up of officials from the Bank of Ghana, led by the Governor, Dr. Ernest Kwamina Yedu Addison; …

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Gov’t targets corruption as it seeks to keep IMF programme on track

The Finance Minister has vowed to crack down on corruption and wasteful public spending as government attempts to plug a financing gap and keep its International Monetary Fund (IMF) programme on track. Ken Ofori-Atta said the measures being taken by the government included rooting out ghost workers and ensuring all state contracts went to public tender. Government has also said …

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Black market dealers in Ghana’s petroleum sector cause $500m loss in 2016 – Report

The Association of Oil Marketing Companies (AOMCs) has lauded government’s effort to instilling discipline in downstream oil marketing sector and to ward off infiltrators whose nefarious activities cause the nation to lose millions of cedis in tax revenue. The government lost revenue in excess of $500 million in 2016 through the illegal activities of Petroleum Black Market dealers. The Association …

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MTN sets aside $143 million for network expansion

MTN Ghana has set aside $143 million to ensure network expansion and optimization across the country. The company also intends to add 197 4G and 561 3G sites to the 475 4G sites already deployed nationwide in 2017. The General Manager, Consumer Marketing, MTN Ghana, Noel Kojo Gamson, disclosed this at the launch of Fero L100 Android smartphone at its …

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AGI concerned about competing with govt on financial market

The Association of Ghana Industries (AGI) says government’s continued sourcing of funds from banks remains a disincentive to private sector growth. Chairperson for Ashanti and Brong Ahafo Zonal branch of the AGI, Afua Gyamfua Owusu Akyaw, said at the first quarterly meeting in Kumasi the situation creates unfair and unnecessary competition countering government’s promises to support local businesses. “Government competing …

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Airport View Hotel optimistic about more growth as it marks 15 years

Airport View Hotel has held series of activities to mark 15 years of operation in Ghana’s hospitality industry. The hotel hosted corporate clients, suppliers, and Journalists to a memorable lunch last Thursday to acknowledge their support and contributions over the period. The well-attended event was held at the Luna Restaurant rooftop terrace. The hotel started operating in 2002 with 12 …

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