Ngozi Okonjo-Iweala was confirmed as director-general of the World Trade Organization on Monday, becoming the first woman and the first African to lead the global trade body.
Ghanaian Business associations have confirmed receipt of the government of Ghana stimulus package meant to cushion small and medium scale enterprises (SMEs) from the impact of the coronavirus disease (COVID-19).
The Minister for Justice and Attorney General-designate, Mr Godfred Yeboah Dame, has indicated that the Agyapa transaction to monetise some of Ghana’s gold royalties was done in the national interest and in accordance with the laws of the land.
The Ghana Hotels Association (GHA) has called for the reduction of Value Added Tax (VAT) charges of three per cent flat rate of the 12.5 per cent imposed on members.
One of the most common electronic gadgets owned and / or accessible to most people is the mobile telephone handset. Until the late 2000’s or so, not many people could use the mobile phone to do all kinds of businesses apart from making and receiving calls, as well as text messaging.
The Minister of Finance and Economic Planning designate, Mr Ken Ofori-Atta in his expenditure in advance of appropriation for January to March 2021 disclosed that a whopping GH¢12 billion has been paid as capacity charges to Independent Power Producers (IPPs) since assuming office in 2017.
On February 1, 2021, news went out that UMB Bank had appointed Nana Dwemoh Benneh as its new Managing Director. It also marked a reunion between him and the bank where he cut his banking teeth 23 years ago.
The newly-appointed Managing Director of UMB Bank, Nana Dwemoh Benneh, is focused on transforming the bank into a tier one bank within the next five years.
Africa’s towns and cities’ growth rate has outpaced the activities of the local authorities regarding management, infrastructure and financing. This has made majority of African towns and cities to face governance crisis.
More than 15,000 direct and indirect jobs are currently being affected negatively due to the failure of Ghana and UK to sign a post Brexit trade agreement that allows Ghanaian fruit producers’ tariff free access to the UK market as exists under the Economic Partnership Agreement (EPA).
Generally, public debt arises when government spending is more than its revenue, so it, therefore, borrows — either domestically or externally or both — to close the gap.
The Ghana Cocoa Board (COCOBOD) is on track to meet the 50 per cent local processing target of cocoa beans produced in the country, the Chief Executive Officer, Mr Joseph Boahen Aidoo, has said.
The Petroleum Commission has reacted to media publications suggesting that a US$4.5 million sponsorship money paid to it by Aker Energy in support of capacity building has "vanished".
Nigeria’s central bank ordered deposit-taking banks and other financial institutions to immediately close accounts transacting in or operating cryptocurrency exchanges, saying such deals are “prohibited.”
Energy Quest, the TV/web magazine talk show series first episode was aired last Sunday, 31st January 2021. This first episode dubbed “Petroleum Price Deregulation”, focused on Ghana’s journey so far since the implementation of the Deregulation Policy in June 2015. Has it been beneficial or detrimental?
The role of a Minister for Finance requires someone with an appreciation of economics as well as the practical understanding of how an economy works, a deep understanding of financial markets and public finance; and for a developing country like Ghana, someone with market credibility at both the domestic and international levels. These create the respect and trust necessary for the Minister to work with relevant stakeholders on Ghana’s development agenda. One must also be mindful of the fact that a Finance Minister must be able to protect the public purse against pressures that come with profligate spending, sometimes even to the annoyance of his own government.
IT Consortium, a FinTech company in Ghana, has launched RemitPlus, a product designed to give Ghanaians access to value added financial services such as pensions contributions whenever they receive international remittances.
Nana Kobina Nketsia V, the Omanhen of Essikado Traditional Area, a Pan-Africanist, a Nationalist, an accomplished writer on African Culture and author of the highly acclaimed book on 'Governance and Leadership', has been appointed the Chief Patron of the Ghana Chamber of Events Management (GCEM).
