Government will need an amount equivalent to 1.6 percent of GDP to finish up reforms in the Micro Finance Institutions (MFIs) and Saving and Loans (S&L) companies, the fourth Ghana Economic Update report published by the World Bank has revealed.
Huawei founder Ren Zhengfei has said international sales of the Chinese telecoms giant's handsets have sunk 40% in the past month as a US-led backlash against the firm intensifies.
Local banks in the country are set to benefit from a €750 million guarantee from the European Commission, EU under the NASIRA financial programme which uses guarantees to allow local banks to on-lend to underserved entrepreneurs within the European neighbourhood and Sub-Saharan Africa.
The government of Ghana will soon pass a resolution that will compel foreign companies undertaking haulage services and fuel supply to move out of the mining sector.
The Social Security and National Insurance Trust (SSNIT) is calling for a review of the contribution rate of workers to enable it to sustain the pension scheme and to pay workers higher pensions.
Nigeria’s central bank said on Friday it will close the bank accounts of firms caught smuggling into the country any goods for which access to foreign exchange has been restricted.
The Petroleum Commission (PC) has secured an arrangement with Baker Hughes/GE to train five Ghanaians to become internationally accredited and certified specialised welders to enable them serve in the oil and gas sector.
Jyrki Katainen, European Commission Vice President for Jobs, Growth, Investment and Competitiveness has hailed Ghana’s steady economic progress over the past two decades.
