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Government owes GH¢892m to waste management companies – Minister
Government is owing waste management companies an outstanding debt of GH¢892 million for waste management services rendered to government agencies and Metropolitan, Municipal and District Assemblies, Mr Joseph Kofi Adda, the Minister of…
Ghana Airports posts strong financial performance over 10 years reaching GH¢363m in 2016
The Ghana Airports Company Limited (GACL) has posted significant financial growth in the 10 years of its operations, with its revenue growing from GH¢21 million in 2007 to GH¢363 million in 2016.
The Company’s total capitalization, has…
SSNIT didn’t only spend $66m for software, it spent GH¢240m on mailing cards
The Social Security and National Insurance Trust (SSNIT) is in the news for spending an amount of $66 million for software. But that’s not all, the institution entrusted with the life savings and future security of Ghanaian workers seems to…
Ghana has 2,723 hotels and lodges – PwC
As the service industry is set to continue to lead in the Ghanaian economy, the number of hotels and lodges in the country are growing, according to PwC. A number of internationally-branded hotels are based in Accra. As at May…
Banking crisis not over yet – Economist warns
Last week Ghana was rocked with a banking crisis – two banks otherwise thought to be doing well, the UT Bank and Capital Bank were taken over by GCB Bank because the two have become insolvent. The central bank intervened and ensured a…
Ghana’s mixed economic growth and worsening inequality
Ghana’s economic growth has been mixed. After years of good economic performance, the country entered a phase of economic deceleration with rates of 7.3 per cent in 2013, down from 9.3 per cent in 2012 and 14 per cent in 2011, and during…
Africa can’t leave its development agenda at whims of unpredictable factors – Songwe
African countries have been reminded that they cannot continue to leave their development agenda at the whims of unpredictable factors beyond their control.
The Executive Secretary of the Economic Commission for Africa (ECA), Dr.…
Ghana’s economic challenges require an ambitious programme – Trade Minister
Mr Alan Kyeremateng, Minister of Trade and Industry, has defended the introduction of far-reaching programmes by government to revamp Ghana’s economy saying the country’s peculiar challenges require an ambitious action to quicken…
Ghana needs to break the high fiscal deficit cycle – Razia Khan
Ghana needs to break the cycle of high level of fiscal deficit through institutionalisation of reforms that would make fiscal expansion more difficult.
Ms Razia Khan, Chief Economist for Africa Global Research Standard Chartered Bank,…
New report says Nigerians paid $4.6b in bribes in 2016, but how much did Ghanaians pay?
A new report released this week says in 2016 Nigerians paid a total amount of N400 billion, equivalent to $4.6 billion in bribes.
The authors say they combined the total number of people who paid a bribe to a public official with the…