The Minister of Trade and Industry, Mr Ekwow Spio-Garbrah, has bemoaned the inadequate financial resources to the ministry.Accordingly, he called for an improved budget if Ghana was to succeed in its industrial development ambitions.
After the euphoria and funfair that greeted the discovery of oil, a major issue that needs attention is decommissioning. Once machinery and equipment were mobilised at the commissioning of the production, they have to be decommissioned after oil.
The bounce in cocoa prices from mid-November lows may not prove sustainable, as a hangover from stockpiling by processors comes into play by depressing demand, influential analyst Judith Ganes-Chase said.
The National Petroleum Authority (NPA) has given Vivo Energy Ghana Limited, local distributors of Shell Ghana products, up to January 1, 2015 to transfer eight per cent of its stake to interested indigenous investors or have its licence withdrawn.
Two banks, Access Bank (Ghana) and United Bank of Africa (UBA) Ghana, have expressed their readiness to integrate their online banking gateways to that of the Ghana Interbank Payment and Settlement System (GhIPSS) to enable them to take part of direct transfers between banks.
Companies listed on the Johannesburg Stock Exchange (JSE), operator of Africa’s largest equity and bond markets, raised the most money from share sales in at least nine years in 2014 to fund expansions outside their home market.
Nilla Selormey (NS), Managing Director and Chief Executive Officer of Universal Merchant Bank, is among the very few courageous women at the helm of affairs of universal banks in the country. Charles Benoni Okine (CBO) caught up with her to share some perspective about the industry and her progress so far.
The Management of Dannex Limited, an indigenous pharmaceutical company, says it is hopeful that its combined force with Starwin Products Ghana Ltd will translate into about 40 per cent increase in turnover next year.
The Chief Executive Officer (CEO) of uniBank Ghana Limited, Mr Felix Nyarko-Pong, has encouraged banks to adopt strategies that promote savings in order to mobilise funds for the socio-economic development of the country.