Farmers in the country should be able to secure increased credit from banks with the coming on board of the Ghana Incentive Based Risk Sharing Agricultural Lending (GIRSAL). According to the Ministry of Agriculture, GIRSAL which will be rolled out this year is meant to serve as an incentive for banks to increase their lending …
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 …
“Now I have multiple streams of collection for my business and do not have to bear the burden of carrying bulk cash with all its insecurities. Financial transactions for my business are conducted seamlessly using my mobile device anywhere I am.” – Auntie Maggie, Owner of Multiple Stores at Makola Market Ghana’s economy, as reported …
Indigenous banks are in for a tough time as analysis conducted on their latest financial results indicates that they need to raise as much as GH¢4billion to meet the central bank’s GH¢400 million minimum capital requirement. Out of the 16 Ghanaian-owned banks analysed by financial analyst and credit consultant Emmanuel Akrong, Royal Bank – based …
Per Capita GDP, which in principle is a measure of the total economic output of the country divided by the number of people, has reached a four-year high of US$1,632 or GH₵7,110 at the end of 2017, the statistical service has revealed. The figure is an 8.2 percent increase over the US$1,508 recorded in 2016 …
The Inflation Rate for March 2018 dropped marginally to 10.4%, representing 0.2% decrease from the 10.6% recorded in February, 2018. According to the release issued by Ghana Statistical Service at a news conference (GSS) in Accra, “the year-on-year inflation rate as measured by the Consumer Price Index (CPI) was 10.4 percent in March 2018, down …
The Ministry of Fisheries and Aquaculture Development (MoFAD) has said it will launch its flagship ‘Aquaculture for Food and Jobs’ programme by end of May, in a bid to boost local fish production to meet increasing demand. The programme, which is in response to growing concerns over Ghana’s depleting fish stock, will ensure there is …
The Association of Ghana Industries (AGI), is pushing for the speedy passage of a local content policy to address what they describe as the imbalances in the construction industry. A local content policy, the association says, is urgently required to increase the opportunities and incentives for local construction firms. The AGI believes this should help …
The Association of Ghana Industries (AGI) in partnership with eight companies who are the founding members of Ghana Recycling Initiative by Private Enterprises (GRIPE) is set to launch bricks generated from plastic waste in September 2018. This forms part of measures to address the growing unemployment situation in the country with the provision of jobs …