In 1933, the Glass-Steagall Act established the US Federal Deposit Insurance Corporation to insure deposits of commercial banks. India, the Philippines and Sri Lanka all in Asia continent established their schemes in 1961, 1963 and 1987 respectively. In the Continental Europe, the German scheme which is administered by private institutions was established in 1998 while […] The post Richmond
As part of efforts to ensure a robust implementation of Ghana’s regulations on e-waste management, the European Union-funded E-MAGIN project organised a two-day Roundtable Policy Dialogue in Sekondi-Takoradi and Cape Coast respectively. The Dialogue aimed at bringing together local policymakers to brainstorm and collect ideas on local challenges, solutions and potential actors needed in formalising […] The post EU-EMAGIN
MIGA, a member of the World Bank Group, has issued guarantees of up to US$235million to a wholly-owned subsidiary of South Africa’s FirstRand group for a period of up to 15 years, covering the subsidiaries’ mandatory reserves held as per regulatory requirements in Botswana, Eswatini, Ghana, Lesotho, Mozambique, Nigeria and Zambia. The guarantees will help […] The post FirstRand
President Nana Addo Dankwa Akufo-Addo on Monday noted that the Coronavirus pandemic has presented numerous opportunities which can be nurtured to build a stronger, self-reliant and resilient Ghanaian economy. He pointed out that the pandemic is a wakeup call for economies to push for self-reliance, as the raging disease has created dysfunction across the world […] The post COVID-19
Government has over the last three and half years cleared 91% of debt popularly known as ‘legacy arrears’ that it inherited in the education sector from the previous government in 2017, Education Minister Dr. Matthew Opoku Prempeh has said. According to the minister, part of this debt resulted from the previous government’s ‘three-month pay policy’ […] The post Gov’t
The GIZ-Competitive Cashew Initiative (ComCashew) programme, with joint funding from the German Federal Ministry for Economic Cooperation and Development (BMZ) and the Swiss State Secretariat for Economic Affairs (SECO), has donated Personal Protective Equipment (PPE) and other essential health supplies to the Ministry of Food and Agriculture (MOFA). The event was attended by the Swiss […] The post GIZ,
The COVID-19 pandemic, one of the world’s most significant events, has resulted in cessation of economic activities that will lead to a significant decline in GDP, an unprecedented social disruption, and the loss of millions of jobs. According to estimates by the African Development Bank, the contraction of the region’s economies will cost Sub-Saharan Africa […] The post Banji
Dr. Manfred B. Ewool, a Senior Research Scientist and Maize Breeder at the Council for Scientific Industrial Research (CSIR) Crops Research Institute (CRI), notes that since maize is a staple food in Ghana, enhancing it with Vitamin A is a long- term approach to minimise Vitamin ‘A’ Deficiency (VAD) in the country. Vitamin ‘A’ deficiencies […] The post Editorial
While President Akufo-Addo and the Receiver of collapsed financial institutions, Eric Nana Nipa, have publicly claimed that they have almost completed paying depositors’ locked funds, Ezekiel Annor-Head of the Association of Affected Customers of Savings and Loans institutions, is disputing the claims. According to Mr. Annor, many of the affected persons after submitting their claims […] The post Editorial
The political landscape of Ghana is gradually shifting to all-inclusive governance, with the peasant majority and the working class still backing the political establishments. It is worth noting that as a democratic republic, the support received from both the working class and peasant majority is considered out of free-will. Over the years, it is becoming […] The post The
Since COVID-19 struck, life has changed for entrepreneurs and businesses around the world. Due to lockdowns and movement restrictions, smallholder farmers and rural businesses have been unable to access markets and sell produce or other products. As they often have little or no access to social security, rural youth disproportionately suffer from the pandemic’s restrictions […] The post Meet
Ghana Cocoa Board (COCOBOD) has rolled out a rehabilitation programme for cocoa farms affected by the swollen shoot disease in the Western North Cocoa Region. As part of the rehabilitation exercise, COCOBOD has directed all diseased cocoa trees to be cut down for re-planting with new hybrid cocoa seedlings. Cocoa production in the country has […] The post COCOBOD
The following article by Rukayatu Sanusi was written for Kina Advisory’s ‘Step Up, Scale Up, Scale Out’© campaign. The campaign is founded on the belief that African companies – those born and bred on the continent – have the potential to step up, scale up and scale out, both within and beyond their borders, in a […] The post Wake Up Everybody: Preparing
It has been widely reported that barring any unforeseen circumstances, the Customs division of the Ghana Revenue Authority (GRA) will not allow into the country, importation of cars that have been defined according to the Customs Amendment Act 2020 as salvaged or do not have clean title by the 1st of November, 2020. Following extensive […] The post Stakeholders
Prudential Bank Limited has donated GH¢200,000 to the COVID-19 National Trust Fund in Accra. This is in addition to earlier donations made by the indigenous bank to the Ghana Association of Bankers, Ghana Tourism Authority, Ghana Immigration Service, and Noguchi Memorial Institute for Medical Research in the fight against the COVID-19 pandemic. Speaking at a […] The post Prudential
THE FUTURE OF DESIGN – Our Public Spaces Hello Ghana, it’s been a long while since we had our weekly conversation. We do know that some of you joined us at the just ended 3rd Ghana Green Building Summit which focused on rethinking design of our living, work and public spaces in the light of […] The post REAL ESTATE MINUTE With Cyril Nii Ayitey Tetteh appeared first
Ghana’s seaborne trade in import and export volume in the first quarter of 2020 recorded a net effect of negative 43.3% compared to the same period in 2019. The indication is that imports in first-quarter dropped by 24.52% compared to same period in 2019 – in total of 2.7 million metric tonnes, which comprised 205, […] The post Seaborne trade records -43% for Qtr-1 appeared
From a new digital marketplace to connect Africa’s creatives with global markets, to masterclasses to help designers share and learn, and webinars to inform and inspire: the African Development Bank’s flagship Fashionomics Africa(link is external) initiative has taken great strides this year. The website and mobile app were unveiled at the Global Gender Summit in […] The post Sashaying
Ghana’s seaborne trade in import and export volume in the first quarter of 2020 recorded a net effect of negative 43.3% compared to the same period in 2019. The indication is that imports in first-quarter dropped by 24.52% compared to same period in 2019 – in total of 2.7 million metric tonnes, which comprised 205, […] The post Seaborne trade records -43% for Qtr-1 appeared
Government, through the Ministry of Communications and its implementing agency National Information Technology Agency (NITA), is deploying the Smart Workplace solution to all Ministries, Departments and Agencies (MDAs), and Metropolitan, Municipal, and District Assemblies (MMDAs). The pilot of ‘Smart Workplace solution’ commenced in 2018. However, government accelerated its deployment with the advent of COVID-19 to […] The post Gov’t
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