Agriculture has been a source of tremendous blessing to mankind and indeed Ghana. Since time immemorial, agriculture has proven to be the lifeblood of the world, as it has not only been a source of food but a seedbed for other crucial industries. Today, advancement in knowledge means that agriculture could and should be used …
The Bank of Ghana has reduced the policy rate to 18 percent. This represents a 200 basis points reduction in the policy rate which was at 20 percent. Today’s announcement of a reduction is the first after the rate was maintained earlier in the year. The Governor of the Bank of Ghana, Dr. Ernest Addison …
The European Union and its free trade agreement took decades to establish. Africa is now hoping it can achieve the same in a fraction of the time. But with Nigeria pulling out, questions are being raised over just how achievable it really is. The vision is a free trade deal encompassing 1.2 billion people stretching …
The Bank of Ghana has announced that it has appointed audit firm, KPMG as administrator for UniBank. This means that the central bank has taken over the assets and management of UniBank. The Governor of the Bank of Ghana, Dr. Ernest Addison says UniBank is currently insolvent. Addressing a press conference in Accra, Dr. Ernest …
The Impact Hub in Accra will become the first business in the West African country to benefit from ecoligo’s fully financed solar-as-a-service solution. For the latest project on the crowdinvesting platform ecoligo.investments, private investors will refinance a solar battery system that fosters innovation and entrepreneurship in Ghana. Investors will receive 5.00 % p.a. interest over …
As recently as the 1980s, the West African nation of Ghana was in crisis, crippled by hunger after a series of military coups. But it has held peaceful elections since 1992, and its economic outlook turned considerably brighter about a decade ago, with the discovery of major offshore oil deposits. Now, as oil prices rise …
Ghana has the highest percentage of women business owners worldwide, with Uganda in third, according to the Mastercard Index of Women’s Entrepreneurship (MIWE). The MIWE is a weighted index that helps to better understand and identify factors and conditions that are most conducive to closing the gender gap among business owners in any given economy. …
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 …