Galamsey Threatens Cocoa Sector
The Deputy Minister of Water Resources, Works and Housing, Samson Ahi, has bemoaned the debilitating effect illegal mining (galamsey) is having on the cocoa industry, charging Licenced Buying...
Tag: Economy of Ghana
Railway Workers Suspend Intended Strike
Ghana Railway Workers Union has called off their intended strike schedule on 12th September 2016. Speaking to Adom News General Secretary of the Union Godwill Ntarmah said their move follows a...
182-Day Treasury Rate Drops Marginally
The 182-day treasury security rate decreased by two basis points to settle at 24.69 per cent. All other treasury securities maintained their respective yields at the close of the week. The government...
Imanis Business & Economic Environment Report (2011-2016)
A suitable environment for businesses to succeed remains an important precursor to economic growth and ultimately the improvement of living standards. At a UN forum held in 2015, UN Secretary-General...
Railway Workers Threaten Strike
The Ghana Railway Workers Union has expressed displeasure about the accumulation of salaries, SSNIT contributions, and warned that the situation will force them to lay down their tools. The workers...
Analysts Allay Cedi Depreciation Fears Over Increased Dollar Demand
Some currency analysts have downplayed a significant depreciation of the cedi, against major trading currencies anytime soon, due to an increase in corporate dollar demand. One of such is the General...
Export Earnings From Processed Sub-Sector Drops By 2.3%
Export earnings obtained from the processed, and Semi-processed sub-sector in 2015 saw a decline of 2.27%, figures from the Ghana Export Promotion Authority has revealed. In 2015, the value of the...
Producer Price Inflation Inches Up To 10.3%
The Producer Price Inflation (PPI) rose to 10.3 per cent year-on-year in July 2016 from the 7.6 per cent recorded in the previous month. According to the Ghana Statistical service, the 2.7 per cent...
UNDP Mitigates Impacts of Climate Change In Cocoa Growing Areas
The United Nations Development Programme (UNDP), under its five year project to mitigate the effects of climate change in the country’s cocoa landscape, has in the past two years supplied 800,000...
Adb Committed To Financing Agriculture, Forestry and Fisheries
Mr Daniel Asiedu, the Managing Director of the Agricultural Development Bank (adb), has attributed the bank’s award as the Best Bank in Financing Agriculture, Forestry and Fisheries to its...
Non-Traditional Exports See Marginal Growth
Exports of non-traditional products from January to December 2015 amounted to US$2.522billion or GH?9.210billion, representing an increase of 0.32% over the year 2014, the Ghana Export Promotion...
Agric Export Earnings Shoot Up To $396 Million
Statistics recorded by the Ghana Export Promotion Authority has revealed that earnings from the agric sub-sector recorded an increase of 16.51% in 2015. According to the export authority, earnings...
Teachers Dare Controller To Block Salaries
The Coalition of Concerned Teachers Ghana has threatened to strike if government goes ahead to block the salaries of its members who will be unable to get SSNIT biometric registration by the end of...
GN Bank Does Not Offer Cheapest Mortgage Loans
The Bank of Ghana has retracted its earlier report suggesting that GN Bank offers the lowest rate on mortgages in the country. The latest Annual Percentage Rates and Average Interest report...
Stock Exchange Total Volume Traded Hits 1.3 Million Shares
The Producer Price Inflation for the fourth week of August (22-26) rose to 10.3 per cent year – on – year while investors responded by bidding down equities. Total volume traded was 1.3 million...
Dont’ Create Panic In the Banking and Finacial Markets
The Head of Communications of the Bank of Ghana (BOG), Mr. Bernard Otabil, has asked business and financial journalists not to create panic in the banking and financial markets through speculation....
Average Interest On Car Loans In Ghana Hit 32%
A new report released by the Bank of Ghana (BoG) on Annual Percentage Rates (APR) and Average Interest(AI) paid on deposits by banks has reveled that the average interest rate for a car loan in Ghana...
Banks Should Prepare For Bigger Businesses
Former Chief Executive Officer of Ecobank Transnational Incorporated (ETI) has challenged Ghanaian Banks in the country to prepare themselves for bigger businesses across the nation. The banking...
Government To Issue GHC25.3bn Between August & December 2016
Government has announced plans to issue an estimated 25.3 billion cedis between August and December this year. Of the amount, 23.8 billion cedis is expected to be used to rollover forecast maturities...
UniBank Is Best Corporate Responsibility Bank
uniBank has been adjudged the best local bank in Corporate Social Responsibility at the 2016 Ghana Banking Awards. The 15th edition of the Ghana Banking Awards was held at the Kempinski hotel in...