Author: Admin
Statistical officials from Sub-Saharan Africa are advocating for the adoption of the Agricultural Sciences and Technology Indicators (ASTI), a globally recognized program designed to collect, compile, and analyze agricultural research data. The officials emphasized that incorporating ASTI would enable Sub-Saharan countries to formulate effective policies and prioritize investments, ultimately boosting agricultural growth and productivity. This call was made at the conclusion of a workshop aimed at raising awareness about ASTI, sharing lessons from pilot implementations, and equipping participants with the tools and knowledge necessary to harness its potential. The workshop was co-organized by the Food and Agriculture Organization (FAO) and…
The Office of the Registrar of Companies (ORC) has announced that some 500,000 business names and 5,000 companies are at risk of being delisted from its register by the end of December 2024. Mrs. Jemima Mamaa Oware, the Registrar of Companies, revealed that the delisting was due to the failure of those businesses and professional organizations to file their annual returns, despite being granted a year-long extension and receiving constant reminders. Speaking at a media interaction during a stakeholder engagement, Mrs. Oware said that the delisting exercise was part of efforts to ensure compliance and improve the quality of the…
SikaFX, an innovative money transfer platform, is excited to announce its launch in Ghana’s financial sector. The company’s goal is to streamline international remittances, providing Ghanaians both at home and abroad with a secure, quick, and cost-effective method for sending and receiving funds. In today’s interconnected world, SikaFX understands the importance of dependable financial solutions that connect the diaspora with their families back home. The platform boasts competitive exchange rates, low transfer fees, and an easy-to-navigate interface tailored to the varied needs of its users. Key Features of SikaFX: • Fast and Efficient: Transactions are completed quickly, ensuring that recipients…
President-elect John Dramani Mahama says Ghana has always upheld the one-Ghana policy. The President-elect said this when Mr Tong Defa, the Chinese Ambassador to Ghana, paid a courtesy call on him in Accra to formally congratulate him on his victory in the December 7 polls. The One China principle is the position held by the People’s Republic of China (PRC) and the ruling Chinese Communist Party (CCP) that there is only one sovereign state under the name China, with the PRC serving as the sole legitimate government of that China, and Taiwan is an inalienable part of China. President-elect Mahama…
President-Elect John Dramani Mahama has stated that one of his main focuses, as he assumes office, will be to stabilise the cedi and ensure Ghana is set back on a positive growth trajectory. According to him, Ghana’s current economic challenges include inflation and the depreciation of the cedi, leading to harsh economic conditions. Mahama said this when the Algerian Ambassador to Ghana, Mourad Louhaidia, paid a visit to his residence to congratulate him on his re-election in the December 7 election. “We are looking to focus and bring Ghana back up in terms of economic growth, in terms of stabilising…
Ghana has risen to become the fifth-largest holder of central bank gold reserves in Africa, with 28.1 tonnes as of October 2024. This marks a significant increase from May 2023, when its reserves stood at just under 9 tonnes, reflecting consistent efforts to bolster its holdings. According to data sourced from the World Gold Council’s October 2024 Central Bank Gold Statistics and the International Financial Statistics (IFS) December 2024 report, Ghana now ranks 60th globally in central bank gold reserves. This achievement places Ghana behind South Africa, which holds 124.4 tonnes as the fourth-largest gold reserve holder in Africa and…
Future Global Resources Limited (FGRL) and Blue Gold Holdings Limited (BGHL) have issued an urgent appeal to the government of Ghana over what they describe as the unlawful expropriation of their investments in the Bogoso Prestea Gold Mine. Through their legal representatives, Mayer Brown International LLP, the investors allege significant breaches of the UK-Ghana Bilateral Investment Treaty (BIT) and have called for immediate settlement discussions to prevent the escalation of the dispute. In a detailed letter addressed to Ghana’s Attorney General, Godfred Yeboah Dame, the investors accuse Ghana of failing to respond to earlier requests for amicable settlement discussions. They…
Legal practitioner and property investment expert Alex K. Osei-Owusu advised individuals to seek legal consultation before acquiring properties, particularly in real estate development, to avoid potential litigation. Mr Osei-Owusu has led a team of real estate developers, insurance companies, and financial institutions to assist diaspora communities interested in acquiring and investing in property in Ghana. According to him, “Litigation is expensive everywhere in the world. Apart from the financial cost, it also involves emotional strain and wasted time. We always go by the saying: ‘Prevent litigation rather than resolve it.’ Our advice is that, before buying any land or property…
The President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr George Agyekum Donkor, has highlighted the importance of Development Finance Institutions (DFIs) in expanding capital to finance economic growth. He made the remarks during a series of public lectures on the topic “Shaping Africa’s Development Finance Landscape: Challenges and Prospects” held at the University of Development Studies (UDS) School of Business in Tamale, Ghana. Addressing the financing constraints faced within capital markets, the President of EBID pointed out that where private credit may struggle in response to economic crises, DFIs are…
Former Minister of Finance Seth Terkper has indicated that the next Mahama administration will take advantage of various infrastructure developments to create jobs for the youth. According to him, this is pertinent to addressing the unemployment menace in the country. Speaking on PM Express Business Edition, he explained that investing in infrastructure can stimulate economic growth and unleash job creation across the country. “I believe strongly the jobs the Terminal 3 created was higher than Terminal 1 and 2 put together. I think if we maintain it and also build other infrastructures strategically, we can create more jobs”. “When you…