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Ghana’s Exports To Turkey Reach $180m

Posted: November 24, 2017 at 10:59 am   /   Business, Editor's Choice

Ghana’s exports to Turkey have increased from $168 million in 2015 to $180.4 million in 2016. The Turkish Ambassador to Ghana, Nesrin Bayazit, revealed this at a meeting in Kumasi with the Ghanaian business community. Turkey is ninth on the list of countries Ghana imports diverse products while Ghana, on the other hand, is the […]

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ADB Pledges GH¢200m To 1D1F

Posted: November 24, 2017 at 10:40 am   /   Business, Editor's Choice, Politics

The Agricultural Development Bank (adb) has pledged GH¢200 million to support the One District, One Factory (1D1F) initiative by government which seeks to industrialise the Ghanaian economy. “The 1D1F is a very good initiative by the government to transform our economy from a service based to a more industrial focused economy where we can produce […]

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FDI Records Growth

Posted: November 24, 2017 at 10:28 am   /   Business, Editor's Choice

The Ghana Investment Promotion Centre (GIPC) recorded total investments of $4.37 billion through Foreign Direct Investment (FDI). A GIPC quarterly report attributed the increase in FDI in Ghana to improving macroeconomic environment. GIPC’s Chief Executive Officer (CEO) R. Yoofi Grant is quoted in the updated report as saying that the center had “closed the third […]

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Private Firms Barred From Lifting BOST’s Contaminated Fuel – Agyarko

Posted: November 24, 2017 at 10:25 am   /   Business, Editor's Choice

Energy Minister, Boakye Agyarko, has told Parliament that no individual is now allowed to lift contaminated oil from Ghana’s Bulk Oil Storage and Transportation Company (BOST). This, he said, is part of interim measures to prevent the supply of contaminated fuel onto the Market following the BOST scandal where some 5 million liters of substandard fuel […]

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Finance Minister Hints Of NIB, ADB Merger To Form National Dev’t Bank

Posted: November 23, 2017 at 10:27 am   /   Business, Editor's Choice, Politics

The Finance Minister, Mr Ken Ofori-Atta, has hinted of a possible merger between National Investment Bank (NIB) and the Agricultural Development Bank (ADB) to form the National Development Bank announced in the 2018 budget. He said at a post budget forum Wednesday morning that a merger of the two publicly owned banks could help create […]

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MPs fight over 2018 budget

Posted: November 23, 2017 at 10:23 am   /   Business, Editor's Choice, Politics

The debate on the 2018 Budget Statement and Economic Policy of government by Members of Parliament (MPs) started yesterday, with the Minority National Democratic Congress (NDC) accusing the present New Patriotic Party (NPP) government of lacking credibility when it comes to the implementation of economic policies nicely packaged in the budget. The Majority NPP also […]

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Success of ‘Planting for Food and Jobs’ depends on ‘One-Village-One-Dam’ project – Deloitte

Posted: November 22, 2017 at 12:05 pm   /   Business, Editor's Choice, Politics

Deloitte Touche Tohmatsu Limited, a private company which provides audit, consulting, financial advisory, risk management, tax and related services to public and private clients spanning multiple industries, says the success or otherwise of the ‘One-Village-One-Dam’ project will have an impact on the ‘Planting for Food and Jobs’ program. The government launched the ‘Planting for Food […]

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President Akufo-Addo speaking at the event


Posted: November 21, 2017 at 11:03 am   /   Business, Editor's Choice, Politics

The President of the Republic, Nana Addo Dankwa Akufo-Addo, is confident that the African peoples shall work to take Africa to where it deserves to be, as a prosperous and dynamic member of the world community, stressing that “we need to, and we shall move Africa Beyond Aid.” At an event organised by the Royal […]

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National Development Bank, a merger of 2 existing financial institutions?

Posted: November 18, 2017 at 10:23 am   /   Business, Editor's Choice

Government has ruled out the creation of a new financial institution despite proposing the establishment of a new National Development Bank. Finance Minister Ken Ofori-Atta in the 2018 budget announced the launch of a National Development Bank with the capacity of mobilising private capital towards agricultural and industrial transformation, among others. According to him, a […]

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Local garment industry gets lift as AGAM is launched

Posted: November 18, 2017 at 10:20 am   /   Business, Editor's Choice, Politics

Government has assured local manufacturers in the apparel sector of providing the enabling environment to help them attain their vision of becoming the preferred apparel manufacturing hub in Africa for major global brands. Speaking at the launch of the Association of Ghana Apparel Manufacturers (AGAM) in Accra, the Minister for Trade and Industry, Alan Kyerematen, […]

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