Election Slowing Port Operations
The upcoming presidential and parliamentary election is slowing operations at the ports, according to the Chief Executive Officer (CEO) of the Shippers Authority, Dr. Kofi Mbia. Dr. Mbia adds that...
Tag: economy
Entrepreneurship Is the Path To Sustainability
President Koroma of Sierra Leone, President Obasanjo of Nigeria, Governor Ikpeazu, Minister Lai Mohammed, Mrs. Folorunsho Alakija, join 1,000 African entrepreneurs at the 2016 Tony Elumelu Foundation...
Energy Sector Outlook For 2017 Uncertain
The African Centre for Energy Policy (ACEP) says that the energy sector outlook for 2017 presents significant levels of uncertainty, urging political parties to clearly demonstrate how they intend to...
The Productivity Conundrum
It's a political season, so we're hearing a lot of the usual crap about the economy. Should we raise taxes or lower them? Negotiate trade agreements or abandon them? These are important questions,...
US$60 Million Loan Agreement Will Sink ECG – Akoto Osei
A loan worth 60 million dollars being procured by the government of Ghana for the Electricity Company of Ghana has left Parliament divided again. The loan is to upgrade the distribution network of...
Government Fleecing ECG
Minority in parliament has criticised the President Mahama led National Democratic Congress (NDC) government over a high interest loan facility being offered to the Electricity Company of Ghana...
Charlotte Osei Is A Disgrace
The disqualified presidential nominee of United Freedom Party (UFP) Dr Nana Agyenim Boateng popularly called ‘Gyataba’ has stated that the Chairperson of the Electoral Commission (EC) Mrs...
Terkper Hunts For US$2bn From China
The government has revived talks with the China Development Bank (CDB) for the remainder of the almost US$2 billion loan facility it abandoned in 2014. The government suspended discussions with the...
Nigeria, Libya Output To Push Down Oil Price
Oil production from members of the Organisation of Petroleum Exporting Countries (OPEC) may have reached a new record, according to a Reuters survey, as Nigerian and Libyan output partially recovered...
Parliament Approves Four Loans Within 2 Hours
Four loans sent to Parliament by government have been approved by the 275-member body. Parliament, which is expected to break on Thursday, November 3, 2016 for the December 7 polls is said to have...
Access Bank Share Offer To Deepen Capital Market
Access Bank’s hopes of raising at least GH¢104million on the local capital market is a boost to investors who are always yearning for more securities to invest in. Many analysts have hailed the...
Ghana Moves Up Ease of Doing Business Index
Ghana has moved an impressive 13 places up on the Trading Across Borders in the latest World Bank Ease of Doing Business Report, an indication that the Ghana National Single Window (GNSW) programme...
Vodafone CEO Urges Fight Against Cable Theft
The CEO of Vodafone Ghana, Yolanda Cuba, is urging the Ministry of Trade and Industry to intensify its supervisory role in reducing cable theft in the country. Madam Cuba believes the continuous...
UMB Opens 38th Branch At UPSA
The Universal Merchant Bank has opened its 38th branch at the University of Professional studies (UPSA) in Madina. The new branch has been opened to rope in the unbanked in the community as well as...
Ghana Will Lose GHS1bn If We Scrap New Taxes
Finance Minister Seth Terkper has revealed that government will lose about GHS1billion if some new taxes introduced are scrapped. The minister who dispelled accusations that he tax-happy indicated...
Visa Acquisition Reason Behind Princesses Inability To Fly
The management committee chairman of the Black Princesses has revealed that the management’s inability to secure visa for four players resulted in the failure to leave the shores of Ghana to...
Election Blues Trouble Investors As Fiscal Deficit Increases By 89%
Disappointing revenue performance and increased capital expenditure have pushed up the country’s fiscal deficit to more than GHC4.69 billion as of the end of July this year, creating uneasiness...
Gov’t Negotiates To Access Remaining US$3bn Chinese Loan
Government is in strategic negotiations with Chinese authorities to access the remainder of the US$3 billion loan for energy and gas infrastructure projects, Seth Terkper, Finance Minister has said....
BoG To Announce Economic Capital Before Minimum Capital
Despite reports that the Bank of Ghana(BoG) may compel all banks in the country to meet the new capital requirement shortly, Banking Consultant, Nana Otuo Acheampong has told Citi Business News the...
South Korea To Create State-Backed Ship Financing Company
South Korea said on Monday it plans to establish a state-backed ship financing company with an initial capital of 1 trillion won ($871.73 million) to help improve the financial health of Korean...