The implementation of the one-district, one-factory project has commenced in four Metropolitan, Municipal and District Assemblies (MMDAs) in the Central Region. The factories, which are at various stages of completion, include a potato processing factory in the Gomoa West District, a block moulding factory in the Awutu Senya West District, a pineapple processing factory in …
Mobile Money vendors in Upper West have urged other telecoms to explore innovative methods of improving their mobile money services to match MTN’s whose services have been rated as dependable, prompt and superior. The vendors said due to the superior quality services MTN rendered many customers were shifting their grounds and rushing to make deposits …
Inflation for the month of July fell from 10 percent to 9.6 percent. This represents a 0.4 percentage decrease. Inflation measures the change in the general price level of goods and services over time. Speaking at a press conference, the acting Government Statistician, Baah Wadieh said the drop was due to the food component in …
In global trade corridors the renminbi (RMB) is maturing, albeit with some teething issues as it evolves from an emerging-market currency to a fundamental global reserve. In 2016, policymakers in China pivoted toward an agenda of economic stability, inadvertently allowing the RMB internationalisation project to find its own feet for the first time. According to …
The Bank of Ghana has stated that Fintechs will come under its regulations in the near future to ensure credibility and stability in the financial sector and avoid systematic risks on cyber security and data issues. Representing the Central Bank at Citi Business Festival’s Fintech Summit hosted by the Citinewsroom, Setor Amediku said based on …
The advent of digital, mobile and social media has integrated finance into the daily life of individuals in a way it never was before. Gone are the days when customers needed to carry around wads of cash, limiting their purchasing power at a given moment and creating serious risks of theft. Waves of innovation – …
Anyone who aims to maximise their business opportunities in Africa will have to capture the informal trade. Even in nations like South Africa, the informal sector makes up a large portion of the economy – involving 2.9 million people (well over 17% of total employment in the country). Although road-side traders, open-air markets and hawkers …
Ghana’s Producer Price Inflation (PPI) increased to 6.4 percent in April 2018. The Producer Price Inflation measures the average change over time in the general prices received by domestic producers for the production of goods and/or provision of services. Comparing the April figure to that of March, the PPI went up by 2.7 percent. In …
Sub-Saharan Africa’s small and medium enterprises have benefitted enormously from the revolution in digital finance in the region, and now require more innovation and targetted approaches to reach entrepreneurs hungry for US$331billion in new funding across Africa. These issues are at the forefront of discussions in Nairobi at the SME Finance Forum – an initiative …
The country’s energy sector must be treated as a business that supports all aspects of the economy and not as a social tool, says Harriette Amissah-Arthur, Executive Partner at Arthur Energy Advisors – a consultancy that focuses on energy and power. “When we sit down and look at the sector [energy], it is not seen …