Advertisement Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has recounted that the economic and policy environment globally changed considerably with the Russia – Ukraine crisis and the higher oil and food prices in 2022. This, he said, was followed by policy tightening across the globe to contain the rapid increase in inflation … Read more
Advertisement President Nana Addo Dankwa Akufo-Addo has touted the role of small and medium-sized enterprises (SMEs) in the economic transformation. At the SME Growth and Opportunity Summit held at the Kempinski Hotel in Accra, Mr Akufo-Addo addressed the gathering, celebrating the achievements of Ghanaian small and medium-sized enterprises (SMEs) while acknowledging the significant challenges they … Read more
In a bid to support the country’s small and medium enterprises, the government is investing 2.1 billion Ghana cedis through the newly launched SME Growth and Opportunity Programme. The initiative aims to provide targeted financial and technical assistance to high-potential SMEs, equipping them with the necessary resources to expand and thrive in a competitive market. … Read more
Ghana’s score on the 2023 World Bank Country Policy and Institutional Assessment for Africa report remained steady at 3.4, unchanged from the previous year. Similarly, the average score for Sub-Saharan African countries also remained stable. Ghana’s lowest-performing cluster for 2023 was economic management, where it recorded 2.8, although the figure was 0.2 points higher than … Read more
Advertisement President Nana Addo Dankwa Akufo-Addo has today Tuesday July 16 unveiled the SME Growth and Opportunity (GO) Programme at the SME Growth and Opportunity Summit held at the Kempinski Hotel, Accra. The comprehensive programme is backed by a GHS 8.2 billion funding package and aims to support small and medium-sized enterprises (SMEs), which are … Read more
Advertisement At the SME Growth and Opportunity Summit held at the Kempinski Hotel in Accra, President Nana Addo Dankwa Akufo-Addo addressed the gathering, celebrating the achievements of Ghanaian small and medium-sized enterprises (SMEs) while acknowledging the significant challenges they face. The summit, themed “Breaking Barriers to SME Growth,” provided a platform for discussing the vital … Read more
The Arab Bank for Economic Development in Africa (BADEA) will launch a call for greater Arab – African financial cooperation for development through the formation of an Arab-Africa Financial Consortium (AAFC). The consortium will be an alliance of Arab and African Development Financial Institutions with a common vision for strengthening economic, financial, and technical cooperation … Read more
The Auditor-General’s report on the general management of petroleum funds for the period of January 1 to December 31, 2022, has revealed that the government failed to retrieve a total of US$2,774,067 being funds for surface rentals by 12 oil companies. The AG’s report disclosed that the total estimated proceeds for surface rentals for the … Read more
The Board Chairman of the Ghana Revenue Authority (GRA), Joe Gartey, has revealed that the authority has met its mid-year target for 2024 and also done the same with its VAT digital enrollment of 600 businesses. Speaking at a familiarisation meeting with the leadership of the Methodist Church Ghana, the Board Chairman of the GRA … Read more
Our global growth projections are unchanged at 3.2 percent this year and slightly higher at 3.3 percent for next year, but there have been notable developments beneath the surface since the April World Economic Outlook. Growth in major advanced economies is becoming more aligned as output gaps are closing. The United States shows increasing signs of … Read more