Monday , 23 April 2018
Home » Business

Business

Ghana’s vision, performance inspires other African countries – IMF

The International Monetary Fund (IMF) says Ghana’s new vision of ‘Ghana beyond Aid’ coupled with the first year performance of the economy under President Akufo-Addo is a major inspiration to African countries. Speaking at the maiden edition of the ‘Governor Speaks’ series at the IMF/World Bank Spring Meetings, Abebe Selasie, Deputy Director in charge of Africa said, “Your country’s new …

Read More »

Mobile money interoperability starts on May 10

Effective next month, government will begin the implementation of one of its key policies aimed at boosting financial inclusion, which is Mobile Money Interoperability. That affirmation is in line with the Vice Presidents’ assertion that the policy which will allow mobile money users to send and receive money from one network to the other, will be implemented in May. This …

Read More »

UK raises export cover to Ghana from £125 million to £500 million

The United Kingdom (UK) has increased its export finance cover available to Ghana from £125 million to £500 million. The offer is intended to, among other things, support new Ghanaian businesses that want to partner with the UK. The UK Minister of State for Africa, Ms Harriet Baldwin, who announced this at the UK-Ghana Investment Summit in London, said the …

Read More »

Ghana beyond aid is fight for economic emancipation – Bawumia

After a successful fight for political freedom, Ghana is once again leading the rest of Africa in a fight for emancipation, this time for economic freedom, the Vice President of the Republic has declared. According to H.E. Dr Mahamudu Bawumia, this vision of an economically-emancipated Africa is what underpins President Nana Addo Dankwa Akufo-Addo’s vision of a Ghana Beyond Aid, …

Read More »

Ghana’s debt nears distress levels – World Bank

Ghana stands a high risk of returning to debt distress situation if it fails to manage its rising debt levels. That is the caution from the World Bank. According to the Bank, this will also mean the country will find difficulty meeting essential government expenditure and impact on investments in the country. These among others are the highlights of the …

Read More »

The cry of suffering cocoa farmers: Pay us higher prices or we will die

Much of the recent attention on falling cocoa prices is focused on the responsibility of the farmer to diversify and find additional ways to solve an industry-wide problem. Prices of most agricultural products have experienced a downward surge coupled with high volatility. Lower prices imply lower incomes for farmers, creating a causal effect for higher farm gate prices and price …

Read More »

Indian High Commissioner and Iranian Ambassador call on Aviation Minister

The Republic of India and the Islamic Republic of Iran have expressed their resolve to deepen diplomatic ties with Ghana, especially in the aviation sector, which has lots of potential for the Region. Mr Birender Singh, the High Commissioner of India, and Dr Nosratolla Maleki, the Iranian Ambassador, who paid separate courtesy calls on Mrs Cecilia Abena Dapaah, the Minister …

Read More »

Labelling standards: Products need to be checked at borders – GSA

The Ghana Standard Authority (GSA) and the Food and Drugs Authority (FDA) have embarked on an exercise to close down supermarkets and shops that fail to comply with its general labelling rules. Speaking on the Citi Breakfast Show the Director of Communications at the Ghana Standard Authority, Dr Kofi Amponsah Bediako, however, admitted that the country needs to do more …

Read More »

GHC10m rot at State Housing uncovered

An audit into the tenure of the previous administration of the State Housing Company (SHS) has uncovered several rot leading to the loss of millions of Ghana Cedis to the State. The 300-page audit report in the possession of Starrfmonline.com uncovered that an estimated amount of Gh¢10 million was lost in revenue “as a result of valuations not based on …

Read More »

‘We are ready and open for business’ – Ofori-Atta tells Japanese investors

Ken Ofori-Atta on Friday told Japanese businesses that the current stable macro and political environment is an opportune time for them to launch into the West African region using Ghana as the hub. “We are now combining politically stable environment with fiscal consolidation and macro stability and we would like, therefore, to get our traditional friends to be part of …

Read More »