The Ghana Statistical Service (GSS) is optimistic it will help reverse the trend of the declining contribution of agriculture to the country’s Gross Domestic Product (GDP) with the census it is about to conduct on the sector. The census which will be conducted in collaboration with the Ministry of Food and Agriculture (MOFA), will survey …
ECM activity in 2017 was the second highest since 2013 in terms of volume with 121 issuances, up 25% over the prior year, and the highest since 2013 in terms of value Overall, African equity capital market transaction volume and value improved in 2017 over 2016. In terms of value, 2017 saw the largest initial …
An energy deficit has effectively stunted Africa’s development, with an estimated 70 percent of people in sub-Saharan Africans without reliable access to electricity. In Gabon and Nigeria for example, manufacturing struggles as electricity remains costly and inconsistent. According to the African Development Bank (AfDB), manufacturers in sub-Saharan Africa experience an average of 56 days of shutdown time …
The International Monetary Fund (IMF) is expected to disburse at least two hundred and thirty-six million dollars ($236,000,000) of the Fund’s extended credit support to Ghana. The cash is expected to hit the government of Ghana’s accounts within the next few months. This is however subject to Ghana’s ability to meet key targets set under …
The Ghana Real Estate Developers’ Association (GREDA) wants government to strictly abide by its promise to implement the proposed land bank policy to address the rising housing deficit by the end of the year. The program has become necessary as the issue of land acquisition has been cited as one of the basic issues contributing …
Government must consider the setting up of an Agricultural Development Authority to regulate the production and marketing of agricultural products so as to attract the needed investment into the sector. “We need an Agricultural Development Authority to regulate sector’s trade, and also the production and market aspects. We need to protect indigenous investments going into …
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 …
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. …