The Managing Director of the Agricultural Development Bank (ADB), Dr John Kofi Mensah, says the indeginous bank will support Outgrower Farmers supplying raw materials to Factories under the government’s One District One Factory (1D1F) initiative.
Ghana’s general high cost of production for manufacturing industries could be its bane when the much-awaited African Continental Free Trade Area becomes fully operational in 2021, two major trade groups have told government.
A Chinese-owned fishing trawler has been re-licensed to fish in Ghana, despite being caught for illegal fishing twice and failing to pay a US$1m fine, watchdog Environmental Justice Foundation has alleged.
Government needs to raise capital to support the Tema Oil Refinery, TOR which is in dire straits, otherwise, it will bite the dust, the Executive Secretary of the Chamber of Petroleum Consumers, COPEC Duncan Amoah, has said.
The Minister for Interior Ambrose Derry says government will consider legalising Okada business if the law permits it to operate effectively and contribute to the general good.
The country’s approach to development should be strategic with an eye on long-term deliverables rather than short-term ones, Dr. Felix Addo-Yobo, Director of Policy at the National Development Planning Commission, NDPC has said.
The government is targeting the first week of September to launch the international initial public offer, IPO of Agyapa Royalties Limited, the company formed to monetise Ghana’s future gold royalties by raising equity capital from investors.
The government’s decision to suspend the fiscal rules till at least 2024 has been described as a risky adventure by Courage Martey, an economist with investment banking firm Databank.
The Chairman of the Finance Committee of Parliament Mark Asibbey-Yeboah has defended the change of name by Agyapa Royalties limited from Asaase royalties.
The Chairperson of the African Union Commission Moussa Faki Mahamat says the COVID-19 pandemic has amplified the need to accelerate Africa’s economic integration and industrial development drive to overcome the severe strain on the continent’s economy.
CEO of Meridian Legal and Financial Consult, Carl Abruguah, has tasked banks’ loan recovery officers to understand the contractual terms of the loans and credits advanced to clients to enable them deploy the requisite legal actions to recover those debts when they are due.
The suspension of the fiscal rules until 2024, as a result of the impact of the COVID-19 pandemic, could lead to faster debt accumulation unless the government reins in its spending during the period, economists have said.
About 300 artefact shops at the Arts Centre in Accra have shut down due to COVID-19, Mr Ayingura Sunday, Secretary of the Greater Accra Arts and Crafts Dealers Association has said.
