AS part of its export development strategy, Ghana will continue to harness existing and potential opportunities to grow its export base in the non-traditional export sector (NTEs). One of such opportunities to be leveraged is the hosting of the secretariat of the Africa Continental Free Trade Area (AFCTA), and also winning the bid to host …
The United Nations Development Programme (UNDP) in collaboration with Vodafone Ghana Foundation has launched a digital financial inclusion project in the Upper East Region to boost poor rural women access to formal financial services and to increase economic production. The two-year project dubbed, “bringing informal to formal through technology”, seeks to employ technology as a …
The African Development Bank Group has signed a $4.8 million institutional support grant to the African Union (AU) for the implementation of the African Continental Free Trade Area (AfCFTA). The grant, approved by the Group’s Board of Directors on 01 April 2019, forms part of a series of interventions by the Bank in its lead …
Date: Jul 05 2019 07:55 BY: Maxwell Akalaare Adombila Category: Business News From the 2020/21 cocoa season, every tonne of cocoa beans from Ghana and Cote d’Ivoire that will be sold on the international market will attract an additional $400 as a living income differential. The amount will be paid by buyers of cocoa from the …
Brighter Investment will provide financial support for 1,000 Ghanaian students across eight tertiary institutions this year. The support will cover tuition and accommodation as well as living expenses for beneficiaries for as long as they are in school. The support is targeted at high school leavers, university undergraduates and masters students in science and business-related …
The value of transactions carried out on mobile money platforms for the first quarter of this year reached over ¢66 billion. This was contained in the latest statistics covering electronic payments from January to March this year. There are currently three operators in the mobile money space that is MTN, Vodafone and Airtel/Tigo. The statistics …
The Managing Director of Tullow Ghana has disclosed that the company has awarded contracts totalling $10.6 billion to indigenous companies and joint ventures in which local companies are partners. Kweku Awotwi said the expansion of Ghana’s upstream sector, with new entrants coming in, sets the sector up nicely for further growth. Pondering on how the …
World Bank has approved $19.39 million for Ghana to help reclaim mining areas destroyed by activities of “Galamsey” operators. The funds would be disbursed in rural communities where mining activities occurred. The regions that have been named to benefit from the fund are the Bono Region, Ahafo Region, Ashanti Region, Eastern Region and the Western …
The African Export-Import Bank (Afreximbank) has released its abridged unaudited financial performance for the first quarter of 2019, showing a 59% growth in total revenues to $240.71 million compared to the $151.17 achieved during the same period in 2018. The results, released in Cairo, show that the Bank achieved a 28% growth in attributable income …
Ghana has become the first country in the West Africa sub-region to establish an electronic procurement system for the public sector. This was announced by the Vice President of the Republic, Dr Mahamudu Bawumia when he launched Ghana’s Electronic Procurement System (GHANEPS) in Accra on Tuesday. The e-procurement system is designed to address corruption in …