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 …
The Ministry of Food and Agriculture has said it is putting in place measures to enable the country participate actively in the global seed market, which is expected to reach a value of US$86billion by 2022. Agric Minister Dr. Owusu Afriyie Akoto explained that government is currently working on creating the legal, policy and regulatory …
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 …
The Bank of Ghana (BoG) has reduced the policy rate to 17 percent. This represents a 100 basis points reduction in the policy rate which was at 18 percent. Today’s announcement comes after the central bank reduced the rate from 20 percent to 18 percent in March this year. The announcement was made after the …
The International Monetary Fund ((IMF) has granted some waivers to Ghana after its fifth and sixth review of the country’s economic performance under its programme with Ghana. A statement from the Fund said during the review, adjustments were made to the programme to ensure that it remains on track and to enhance its prospects of …
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 …
Some multinational companies engaged in the services of virtual currencies such as Bitcoin and crypto currencies are predicting that Ghana will be the first country on the continent to accept bitcoin as payment scheme. This follows the increasing number of Ghanaians that are said to be engaging in virtual currencies despite a warning from the …
Inflation for April dropped to 9.6 percent. This represents a 0.8 percent drop compared to the 10.4 percent recorded in March this year. The Consumer Price Inflation, measures the average change over time in the general prices of goods and services. Acting Government Statistician, Baah Wadieh reported that the decline is as a result of …
Ghana’s Producer Price Inflation (PPI) has dropped for the third time in a row to 3.7 percent as at March 2018. The PPI 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 March figure to that of February, the …
The IMF should be releasing about two hundred and thirty-six million dollars ($236,000,000) to Ghana under the agreement with the Fund, by the first week of May this year. This will be the total of the fifth and sixth disbursements under the economic support program. These among others were the highlights at this year’s spring …