Ghana’s budget deficit for 2020 will swell to more than double the legal limit because of the impact of the coronavirus on the economy, undoing years of fiscal discipline that was supposed to mark the end of persistent financial bailouts.
In a bid to further the implementation of the domestic automotive development policy, government and government-related institutions have been ordered to prioritise locally-assembled vehicles as their first option when procuring new vehicles for their operations.
Representatives of over 60 vegetables value chain-associated institutions and networks have called for the establishment of a dedicated funding arrangement to help horticultural businesses meet both domestic and continental vegetable demand, especially for those vegetables that the country has a competitive and comparable advantage in producing.
Professor Douglas Boateng – a supply chain, logistics and industrialisation expert, has predicted that the local economy could earn as much as GH¢300million from the fast-growing local face mask sector following the outbreak of novel Coronavirus (COVID-19) in Ghana.
The World Bank’s Board of Executive Directors approved $315 million from the International Development Association (IDA)* to support job creation, skills development and digital transformation in Ghana.
Banks must consider a more aggressive investment in systems that can easily and securely interface with those of their clients, regulators and other stakeholders, if they are to stay relevant in the future post-COVID-19, the Ghana Bankers Association (GAB) has said.
The Public Interest and Accountability Committee (PIAC), which monitors and evaluates the management and use of petroleum revenues, is asking Parliament to compel the central government to account for about GH¢1.5bn of oil revenue which was left unutilised in 2019.