Some stakeholders in the financial sector have stressed the need for the newly formed Fiscal Council to operate independently without being influenced by government. The comments were shared at a roundtable workshop in Accra, on the theme “The Suitable Model of Fiscal Council for Ghana: Learning from Best Practices”. The workshop which was facilitated by …
Cybercrime is on the increase across Africa, but so are initiatives designed to fight it. From awareness-raising among professionals to the enactment of new laws, African Business examines the measures being taken to combat the hackers. The phishing attempts happen frequently. A text message purporting to be from a major mobile payment firm will …
The Ghana Investment Promotion Centre (GIPC) has called on the American Business Association including the National Black Association (NBA) to explore and partner Ghanaian businesses to promote their own investments in the country. According to GIPC, the African-American community alone spends $1.3 trillion annually on investments and businesses in various parts of the world with …
Yara Ghana, a dealer in input supply and related services along the agricultural value chain, has officially opened a new US$15million multi-purpose terminal in Tema. The aim for the new investment, the company said, is to make Ghana the hub of its operations in West Africa – following ten years of doing business and studying …
Ghana’s wealth of resources, democratic political system and dynamic economy, makes it undoubtedly one of Africa’s leading lights. Gaining the world’s confidence with a peaceful political transition and a grounded and firm commitment to democracy has helped in expediting Ghana’s growth in foreign direct investment (FDI) in recent years. Ghana has attracted the attention of …
Part 1 of this article drew attention to the Section of the 2019 Budget that provided a non-comprehensive yet high bailout or public debt of the financial sector restructuring. It noted that the continuing incidence of this debt and associated spending, loss of incomes, and levies such as ESLA falls on taxpayers, investors, depositors as …
French multinational automobile manufacturer, Renault, Monday said it is considering the establishment of an assembly plant in Ghana. This brings to four, the number of vehicle manufacturers intending to put up assembly plants in Ghana. German auto giant, Volkswagen, Japan’s Nissan and China’s Sinotruk hope to establish assembly plants in the country. Fabrice Cambolibe, the …
SECURITIES AND EXCHANGE COMMISSION PUBLIC NOTICE BY THE SECURITIES AND EXCHANGE COMMISSION IN RESPECT OF COMPANIES GOING ON VOLUNTARY CESSATION OF BUSINESS (NOTICE NO. SEC/PN/001/01/2019) This Notice is issued pursuant to Sections 3(b) (f) (m) and 208 (c) of the Securities Industry Act, 2016 (Act 929). The Securities and Exchange Commission …
The Governor of the Bank of Ghana Dr. Ernest Addison has announced a cut in the policy rate from 17 percent to 16 percent. This represents a 100 basis point drop. This is the maiden meeting of the Monetary Policy Committee of the Bank of Ghana this year. The policy rate is the rate at …
In Tanzania, with an estimated 42 million people using cell phones and hand phones – 23 million of which are smartphone users – the telecom sector should realistically form the backbone of a dynamic and inclusive digital economy. However, an alarmingly high prevalence of fraud has resulted in the Tanzanian telecom sector haemorrhaging billions of …