Ghana’s domestic revenue mobilization has been on a downward spiral, falling short of its peers in Africa. The World Bank reports that the country’s collected revenues as a share of Gross Domestic Product (GDP) dwindled from 15.7% in 2017 to a mere 13% in 2021. This decline is not just […]
Business
Mahama Vows to Complete Abandoned Takoradi Market Circle Project
President John Mahama has reaffirmed his commitment to completing the stalled Takoradi Market Circle project in the Western Region. During an inspection of the abandoned project, Mahama assured market women, traders, and the people of the western region that he would complete the project, which was initiated in 2020 but […]
A Golden Opportunity for Ghana: Local Investors Should Acquire Guinness Ghana Breweries
By Frank Agyare , Accra In recent reports, it has come to light that Diageo is planning to sell its subsidiary, Guinness Ghana Breweries. The word on the market is that Diageo is looking to offload its 80 percent stake in the Ghana subsidiary to the French wine group, Castel. […]
Ghana Takes Steps to Formalize Gold Sector with Establishment of GoldBod
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has inaugurated a Technical Committee to draft a legal framework for the establishment of the Ghana Gold Board (GoldBod). This move is part of the government’s efforts to formalize the gold sector, promote transparency, and maximize economic benefits from Ghana’s gold resources. The […]
Fuel Shortage Fears Dispelled: Ghana Chamber of Bulk Oil Distributors Reassures Public
Ghanaians can breathe a sigh of relief as the Ghana Chamber of Bulk Oil Distributors (CBOD) has refuted reports of an impending critical fuel shortage. According to Dr. Patrick Ofori, CEO of the Chamber, there is sufficient fuel at the port, with supplies expected to increase as stakeholders work to […]