Mobilizing domestic financial resources like savings is crucial for Africa’s developing economies. Savings are important because they permit investment, which in turn increases the productive capacity of an economy. They also play a significant role in financial intermediation in a sense that savings funds intermediated by the banking system can be used as credit to …
Month: February 2018
Ghana is yet to tap into the US$5.8bn organic fertiliser market, although most of the organic plants needed for its production abounds. The 2017 edition of the Fertiliser Statistics Overview of Ghana from 2013 to 2016 reveals that the country imported an average of 234,802mt of inorganic fertiliser – mostly NPK, Urea and TSP – …
The BBC has begun the search for Africa’s next journalism star – launching the 2018 BBC World News Komla Dumor Award from his homeland in Accra, Ghana. Journalists from across the continent are invited to apply for the prestigious prize – which aims to promote fresh journalism talent from Africa. The award was set up to honour …
The ECOWAS Commission has signed a trade and investment cooperation agreement with the Republic of Turkey as part of efforts to deepen economic cooperation between members of the Sub-regional body and Turkey. Signing the ‘Turkey-ECOWAS Trade and Investment Cooperation Agreement’, is seen as a principal step toward institutionalising relations between Turkey and the ECOWAS Commission. …
Fossil fuel consumption is inevitable in both obvious and subtle ways. The widespread use of these resources have immensely improved living conditions across the globe. From the use of electricity, the vehicles we operate and most of the goods consumed, fossil fuels are arguably the spine of modern society because the productive and meaningful lives …
The year on year inflation rate for the month of January dropped to 10.3 percent from 11.8 percent recorded in December, 2017. This rate of inflation for January 2018 is the percentage change in the Consumer Price Index (CPI) over the twelve-month period, from January 2017 to January 2018. The monthly change rate for January …
Poultry farmers in Ghana will have some relief as more private investors introduce new feed for the farmers. New entrant, Park Agrotech Ghana Limited, has outdoored its latest poultry feed called the ‘Lay More’, onto the market to increase poultry yield. In an interview with Citi Business News, Managing Director of Park Agrotech Ghana Limited, …
The Bank of Ghana is hoping that banks will soon reduce their interest rates on loans to reflect the continuous drop in the policy rate. The central bank believes that the development should also help correct the balance sheets of banks by reducing the Non-Performing Loans. This was among the key issues raised at a …
Global environmental issues are getting more attention due to the rising threat of global warming and climate change. The inter-governmental panel on climate change (IPCC) reports a 1.1 to 6.4°C increase of global temperatures and a rise in sea level of about 16.5 to 53.8 cm by 2100. Bearing global warming and climate change in …
About 30,000 smallholder legume farmers in the Northern Region are to benefit from a grant worth US$689,984 to help boost production of legumes using rhizome inoculant technology. Out of the number 9,000 are women, representing 30 percent selected from five regions: namely the Northern, Upper West, Upper East, Volta and Brong Ahafo Regions. The project …