Ms. Kosi Antwiwaa Yankey, the Executive Director for the National Board for Small Scale Industries (NBSSI) says there will be no need for small business in the country to submit collateral to access government's stimulus package.
Parliament is set to deliberate on a new law to replace the Borrowers and Lenders Act it passed 12 years ago, which has been described by the government and central bank as insufficient to transform the financial sector’s credit administration regime.
Lawyers for Dr. Papa Kwesi Ndoum have asked the High Court to reject the evidence being relied on by the Bank of Ghana and the Receiver of GN Savings & Loans justifying their decision to revoke the license of the financial institution.
The Chamber of Petroleum Consumers, COPEC, is calling on the Ministry of Energy to address some issues with Liquefied Petroleum Gas, LPG, supplied by the Ghana National Gas Company, which have contributed to the increase in the price of the product in some parts of the country.
The United Nations Economic Commission for Africa (ECA) has convened a meeting between African finance ministers, the Africa Private Sector Working Group, and the African Union (AU) Special Envoy on COVID-19 as the search continues for solutions to ensure African economies enjoy continued market access and meet their private sector debt service obligations.
Investment in hospitality-related real estate presents a unique opportunity for investors to strategically position themselves to benefit from post-COVID-19 expected growth in the hospitality sector in Ghana, despite the prediction of a year-long aftershock.
President Nana Addo Dankwa Akufo-Addo is confident the GH₵600m fund set aside for small and medium-sized businesses affected by the economic fallout of the novel coronavirus pandemic would help resuscitate the ailing economy.