The government has, through the implementation of the One-District-One-Factory (1D1F) programme, mobilised a total of GH¢2.3 billion from local financial institutions to support the implementation of the flagship programme.
Ghana remains the best option for investors looking to explore opportunities presented by the African Continental Free Trade Agreement (AfCFTA) which took off on January 1, this year, a Technical Advisor at the Ministry of Trade and Industry (MoTI), Mr Anthony Nyame-Baafi, has said.
An integrated programme to protect the biodiversity of mangroves and other fragile ecosystems in West Africa to enhance their resilience to climate change in nine West African countries is being implemented.
A report by the Mckinsey Global Institute in 2017 indicated that 14 per cent of the global labour force, which translates to approximately 375 million people, need to transition to new occupational areas or categories and learn new skills all together to stay employed.
A former stock trader with UBS Investment Bank, Mr Kweku Adoboli, is to share his expertise on ways to stimulate growth in the local mortgage market at a two-day pension conference scheduled for February 23-24, 2021.
The UK-trained investment banker now a consultant is billed to speak at the Pension Strategy Conference 2021 organised by Axis Pension Trust in partnership with the CFA Society, Ghana.
This year’s event, which is the third edition, will be held virtually under the theme: ‘Adding Value to Pension Funds through Alternative Investments.’
A statement from the organisers said Mr Adoboli was expected to kick-start a conversation on how the country can deepen the mortgage market and use it as a vehicle to provide decent homes and jobs for the populace.
“Kweku will share his thoughts on how we can leverage defined contributions (DC) pension to improve mortgage liquidity and home ownership as part of his presentation for the event,” the statement said.
Giving a perspective to the discussion, the statement said the country was noted to be suffering a housing deficit in excess of two million units.
It said the country needed to provide between 190,000 units and 200,000 units at a cost of $3.4 billion every year over the next decade to be able to close the gap.
It said although most workers in the formal sector were contributing to pensions under Act 799, they were unable to afford mortgages.
This, the statement said was in spite of the fact that Act 799 made provision for contributors to use portions of their contributions as collateral for mortgages.
It said the conference between Axis Pension Trust and CFA Society Ghana has assembled experts to lead discussions on the topic with the aim of finding workable solutions.
The statement said this year’s event was expected&
The Labour Division of the Accra High Court has dismissed a legal action by the Ghana Community Network Services Limited (GCNet) asking the court to set aside an arbitration award in favour of some 150 redundant staff of the company.
The World Bank Group has named longtime Vice- President, Mr Makhtar Diop, to head the International Finance Corporation (IFC), making him the first African to lead the development lender’s arm for the private sector.