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The study found that 87.5 percent of the cases analysed involved residential properties in the Greater Accra Region, with a lack of specific regulation for Virtual Assets and Virtual Asset Service Providers (VAs/VASPs) contributing to the sector’s vulnerability.
He said macroeconomic stability is fast returning to our country.
The economist further notes that although Ghana’s economy has witnessed some recovery, it is not yet back to where it was prior to the outbreak of the COVID-19 pandemic.
The board is set to meet in early December and approve the disbursement of US$360 million to Ghana”, the Director of Communications at the IMF Julie Kozack at a press conference in Washington.
The Science and Technology Policy Research Institute of the Centre for Scientific and Industrial Research (CSIR-STEPRI) has initiated local stakeholder engagement as part of Ghana’s preparations for a future global Solar Radiation Modification (SRM) initiative. The Solar Radiation Modification (SRM) initiative is a global proposal aimed at mitigating the effects of climate change and global warming by injecting substances into the atmosphere that create reflective aerosols, which reflect sunlight back into space. The stakeholders, drawn from various sectors, including government, academia, research institutions, civil society, and the private sector, discussed the potential benefits and risks Ghana may face if SRM…
The Standard Bank Group has signed an agreement with the International Finance Corporation (IFC) to expand local currency lending and accelerate development projects across Africa. Through the agreement, Standard Bank and IFC will collaborate on cross-currency swaps and derivatives, as well as benefit from each other’s market expertise to boost access to local currency financing for businesses in Africa, especially in countries where currency liquidity is challenging. Kayode Solola, Head of Global Markets Africa Regions at Standard Bank Group said, “Driven by positive market reforms and attractive returns, global investors have shifted their gaze to Africa. There is also growing…
The Managing Director of Kuapa Kokoo Company Limited, Emmanuel Arthur, has observed the recent increase in cocoa prices in Ghana has reduced the smuggling of the commodity. According to him, the new prices have encouraged the farmers to sell their cocoa beans in Ghana to help the government gain profit. “If you look at Cote d’Ivoire, we are all buying cocoa with one price, so whoever attempts to smuggle cocoa there will incur debt; due to that, there has been a rapid reduction in smuggling,” he said. Mr. Arthur also lauded the formation of a taskforce by the Ghana Cocoa…
Newmont’s development foundation in Ahafo has constructed a three-storey multi-purpose E-block at the Yamfo College of Health, in Yamfo, one of Newmont’s ten host communities in the Ahafo region. The facility, which cost GH¢2.7 Million, is equipped with six fully furnished 80-seater lecture halls, twelve offices, a staff common room, a computer laboratory, a library, two demonstration laboratories, 24 washrooms and a storeroom. The project is expected to enhance the school’s infrastructure and address the broader educational needs of Newmont’s host communities and surrounding communities in the Tano North municipality and beyond. Newmont’s foundation in Ahafo, established in May 2008,…
A new initiative offering affordable financing and tailored business support to Ghanaian entrepreneurs has been launched. The Follow-On Finance Initiative seeks to provide growth-ready businesses with the resources needed to expand operations, create jobs, and generate income opportunities, building on the successes of the WIDU.africa project. This initiative is a collaboration between Advans Ghana Savings and Loans Ltd. and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, supported by funding from the German Federal Ministry for Economic Cooperation and Development (BMZ). WIDU.africa: A Platform for Empowering African Entrepreneurs Since 2019, WIDU.africa has provided vital support to over 6,000 micro and…
First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari has indicated that building and maintaining quality infrastructure creates employment opportunities in the construction sector. According to him, a quality-built environment can stimulate local economic growth through a routine maintenance culture. This he explained will attract businesses, tourists, and investments, and ensure that property owners can always fall on such investments in times of difficulty—by creating a lot of derivatives and refinancing opportunities for other critical investments. Speaking at the 2024 Annual General Meeting of the Ghana Institute of Architects, Dr. Opoku-Afari also said a quality-built environment has numerous…