Ghana Business News — Ghana’s Premier Business News Portal
WEBAfrica’s mounting debt crisis and the need for reform in the global financial architecture. Aug 8, 2024 0. Africa’s debt stocks have grown significantly in the past decade. Understandably, African governments took advantage of historically low interest rates in the 2010s and borrowed heavily from international capital markets and China.
Ghana government provides GH¢100m grant for startups and …
WEBOn Dec 1, 2023. The government, through the Ghana Jobs and Skills Project (GJSP) and the Ghana Economic Transformation Project (GETP), has given grant support totaling GH¢100 million to startups and Micro, Small, Medium Enterprises (MSMEs) in 2023. The disbursement of the grant support to over 30,000 beneficiaries was …
New World Bank report says Ghana has opportunity to speed …
WEBNov 24, 2021 · The report highlights four main pillars for accelerating economic transformation and improving jobs outcomes: To create jobs, Ghana will need to drive sectoral transformation through the movement of workers into higher productivity firms and sectors and spatial transformation through trade, urbanization, and connectivity.
NBSSI is now Ghana Enterprises Agency - Ghana Business News
WEBJun 7, 2021 · The Ghana Enterprises Agency Act, 2020 (Act 1043), was passed by Parliament in November 2020 and assented to by President Nana Addo Dankwa Akufo-Addo in December, 2020. The Act repealed the National Board for Small-Scale Industries Act 434, (Act 1981). Ms Yankey-Ayeh said the NBSSI’s annual budget had increased from GH¢20,000 in 2016 to GH¢ ...
Ghana gets $103m AfDB grant to grow SMEs
WEBJun 2, 2024 · Ghana has secured a $103 million need-based funding from the African Development Bank (AfDB) to support Small and Medium Enterprises (SMEs), with a focus on agriculture and digitalisation. The grant, provided by the Bank’s concessional funding body – African Development Fund, would support the implementation of …
China urged to partner Ghana to boost investment in Africa
WEBJun 21, 2024 · The Minister of Trade and Industry, Kobina Tahir Hammond, has urged Chinese investors to collaborate with Ghana to increase their investments across Africa. According to him, Ghana’s central location and host to the African Continental Free Trade Area Secretariat put it in a prime position to be the top investment destination as well as a ...
Ghana EXIM Bank to solve financial challenges of SMEs through …
WEB13 hours ago · On Sep 20, 2024. The Ghana Export-Import (GEXIM) Bank says it is committed to breaking the age-long financial constraints of Small and Medium-sized Enterprises (SMEs) in Ghana through concessional loans and grants. “We will provide SMEs, not only with capital, but at concessionary interest rates of nine percent per annum to address the access ...
World Bank provides $200m to finance digital transformation in …
WEBOn Apr 29, 2022 Last updated Apr 30, 2022. Ghana has been on a digitalization process to improve the workings of both the public and private sectors and to grow the economy, and the World has approved $200 million financing to accelerate the process. In a press release copied to Ghana Business News, the Bank says the financing is to help the ...
Guinness Ghana commissions new GH¢145m plant
WEBSep 4, 2021 · Ghana’s leading Beverage Company, Guinness, has commissioned a new State-of-the-Art “brewhouse” at its Achimota site in Accra. The GH¢145 million facility is part of the Beverage Company’s commitment to sourcing more local raw materials for brewing its brands and continuously investing in the country. Mr Herbert Krapa, the Deputy Minister of Trade and Industry, commissioning […]
Ghana launches $750m Development Bank - Ghana Business News
WEBOn Jun 15, 2022 Last updated Jun 15, 2022. President Nana Addo Dankwa Akufo-Addo Tuesday formally unveiled the Development Bank Ghana (DBG) to meet the demand for credit for the growth of Small and Medium Enterprises (SMEs). The DBG will concentrate on economic transformation, particularly industrialization and value-addition in agriculture ...
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