Minister of Finance Ken Ofori Atta will present a budget to parliament on government's expenditure for the first three months of 2021 on Wednesday, October 28.
UK Export Finance, UKEF the UK government’s export credit agency, has placed its market risk appetite for Ghana at £1.5bn, which should support more investment and trade between the two countries, the West Africa regional representative of UKEF, Steve Gray, has said.
Ghana’s non-traditional exports, NTEs to the ECOWAS market increased by 12.8 percent in 2019, data from the Ghana Export Promotion Authority, GEPA have revealed.
Producer inflation for September 2020 inched upwards slightly to 9.6 percent, following a drop to 9.0 percent recorded in the previous month, new data from the Ghana Statistical Service (GSS) has shown.
Under the government’s National Mortgage Scheme, mortgage rates have been reduced by over 60 percent, affording low-income workers the opportunity to acquire their own homes, the Ministry of Finance has stated.
Customs duties on trading within Africa will be reduced from next year onwards when the African Continental Free Trade Area (AfCFTA) agreement comes into force on January 1, 2021.
Notwithstanding improvements to Ghana’s credit referencing system, the central bank has indicated that some financial institutions have refused to subscribe to credit bureau services, contrary to the Credit Reporting Act 2007 (Act 726).
CEO for the Ghana Investment Promotion Centre, GIPC Yofi Grant has said that there is no breakthrough in discussions with the global aircraft maker, Boeing, towards its establishment of an aircraft servicing centre in the country.
Ghana is expected to rake in US$1.56bn in export tax revenue by 2030 from the development of a petroleum hub to add value to the country’s petroleum resources.
