The Minister of Information, Mr. Kojo Oppong Nkrumah, has revealed that the $2.7 billion in investment inflows reported by the Ghana Investment Promotion Centre (GIPC) for the year 2020 will be put to prudent use for the benefit of Ghanaians.
The World Bank has announced that it has reached US$2 billion in approved financing for the purchase and distribution of COVID-19 vaccines for 17 developing countries.
The toll of the coronavirus pandemic on the economy last year was worse than feared, Databank research economist Courage Kingsley Martey has said following the release of provisional GDP data by the Ghana Statistical Service (GSS) on Wednesday.
The Minister for Employment and Labour Relations, Ignatius Baffour Awuah says government will place premium on the input of industry and other stakeholders in the determination of the country’s minimum wage.
Ghana’s economy grew at a rate of 0.4% in 2020, below governments revised target of 0.9 percent as well as forecasts of market analysts, provisional figures from the Ghana Statistical Service have shown.
Global credit rating firm, Moody’s Investor Services, has rated the country’s sovereign bond issuance at B3 negative again against hope of a stable outlook, sending a worrying signal to prospective investors should the managers of the economy decide to go to the international market to look for money to finance the budget.
A study commissioned by the Business Sector Advocacy Challenge Fund (BUSAC Fund) and conducted by consultants from research and advisory firm Konfidants has exposed gaping challenges the nation is facing with the Africa Continental Free Trade Area Agreement (AfCFTA).
A company is a creation of statute implying that its form, operation and continued existence are prescriptions of law. All aspects of company formation and management are also regulated by law. However, the primary company law regulation – the Companies Act, 2019 (Act 992) has not definitively provided for how and in whose interest, a company should pursue its “Corporate Purpose†– a concept distinguishable from the practice of registering a company with an “objectâ€.
The Economist Intelligence Unit (EIU), the London-based business intelligence firm, says it does not see any room for the Bank of Ghana (BoG) to reduce the monetary policy rate—which has an effect on the cost of credit—in the rest of the year.
Ghana’s 2020 economic growth will probably surpass the official projection of 0.9 percent, Databank economist Courage Kingsley Martey has said ahead of the release of provisional GDP numbers by the Ghana Statistical Service on Wednesday.
Government will make appointments by June to the Independent Tax Appeals Board (ITAB), the new statutory body set up to adjudicate disputes between taxpayers and the Ghana Revenue Authority (GRA).
Analysts are predicting a fall in consumer inflation in April on the back of lower food inflation, but warn that upside risk to especially non-food inflation remains high.
