Ghana’s efforts to strengthen its legislative framework, as part of broader plans to boost FDI and make growth more inclusive, will be mapped out in a forthcoming report by the global research and consultancy firm, Oxford Business Group (OBG). The Report: Ghana 2018 will explore the government’s decision to channel funds into the country’s districts, … Read more
As Ghana looks to diversify its sources of foreign exchange, it has aggressive plans to expand its tourism capacity, with an ambitious proposal for coastline development on the table and an expansion of the main international airport under way. Tourism was one of the big winners in Ghana’s 2017 budget, handed down by the minister … Read more
Nollywood film “The Wedding Party” has shown Nigerian cinema at the top of its game, with its success at the box office taking it to new audiences across Africa and the world. The country may well be in recession but Nollywood, which churns out some 2,000 films a year and is the world’s second-biggest film … Read more
Local pharmaceutical manufacturers are scaling up their investment in plants, machinery and new technologies in order to increase their share of the market, currently dominated by imports from mainly India and China, to 60 percent. Imports currently account for about 70 percent of all pharmaceutical products consumed in the country, while local production accounts for … Read more
Local pharmaceutical manufacturers have expressed worry over outstanding debts owed drug suppliers by the National Health Insurance Scheme (NHIS), saying the situation is hampering business operations. Speaking in an exclusive interview with the B&FT, the Managing Director of Dannex Limited, Yaw Opare-Asamoah, indicated that the situation stands as the greatest challenge facing drug supply, and … Read more
The significant contribution that trading partners, including the UK, could make in helping Ghana to reach its infrastructure goals will be explored in a forthcoming report by the global publishing firm Oxford Business Group (OBG). The Report: Ghana 2018 will highlight the country’s efforts to boost foreign investment and strengthen trade relations with key markets … Read more
Maritime sector actors say they cannot wait for the new government to scrap the 2.1 percent Special Import Levy (SIL), as well as the other tax cuts it promised, as they seek enhanced operating environment at the ports. Chairperson of the Greater Accra Regional Shipper Committee (GARSC), Adobea Asiama-Aboagye, told the B&FT in an interview … Read more
The expected increase of investments in the country’s oil and gas sector will inure to the benefit of international airlines operating in the country, Dick van Nieuwenhuyzen, Country Manager of Air France-KLM has said. “In 2017, the oil and gas business will lift up. That will mean high-yield businessmen; people coming here to work for … Read more
A new report has revealed that even though Ghana is experiencing a slowdown after several years of fast-paced commodity-fuelled growth, the country is well positioned for a rebound. Authored by research and consultancy firm Oxford Business Group (OBG), The Report: Ghana 2017 stated: “Global headwinds have had an impact, leading to lower export revenues and … Read more
Ghana’s push to broaden its economic base by adding value to commodity exports and capitalising on its comparative advantages are explored in a new report just produced by the global publishing, research and consultancy firm Oxford Business Group (OBG). The Report: Ghana 2017 provides in-depth analysis of the country’s bid to foster stronger links with … Read more
Outgoing Finance Minister Seth Tekper has debunked claims by cocoa dealers about the dwindling profits on cocoa proceeds. According to him, the cocoa sector is still profitable and will not deteriorate. Cocoa yields for the 2016 crop season fell short of one million tonnes causing cocoa dealers to express severe reservations. But speaking on the … Read more
Outgoing Finance Minister Seth Tekper has debunked claims by cocoa dealers about the dwindling profits on cocoa proceeds. According to him, the cocoa sector is still profitable and will not deteriorate. Cocoa yields for the 2016 crop season fell short of one million tons causing cocoa dealers to express severe reservations. But speaking on the … Read more
The Oxford Business Group (OBG) is organising an African Investment and Business forum from 3rd to 5th December at the Accra International Conference Centre. The global publishing firm, OBG will be a key partner at the Forum, which will bring together more than 2000 industry and public sector representatives from across the continent, including a … Read more
Algeria’s bid to foster new commercial links across West Africa and take advantage of the opportunities emerging in key markets, including Ghana, is expected to be a topic of discussion at a transcontinental forum to be held in Algiers at the beginning of December. The global publishing firm Oxford Business Group (OBG) will be a … Read more
The Oxford Business Group (OBG) has warned that Ghana risks losing a substantial part of its agriculture land due to the activities of illegal miners popularly called ‘Galamsey’. According to the group, galamsey activities also pose a major danger to Ghana’s cash crop—cocoa, which has been a significant contributor to economic growth and foreign earnings … Read more
Ghana’s ICT sector has seen high double-digit growth over the past 12 months, supported by new infrastructure and value-added mobile services. Growing penetration helped the ICT sector outpace broader economic growth, according to data issued by the Ghana Statistical Service in late June. While GDP expanded by 4.9% year-on-year (y-o-y) in the first quarter of … Read more
In spite of a broader slowdown in the economy, Ghana’s ICT sector has seen high double-digit growth over the past 12 months, supported by new infrastructure and value-added mobile services. Growing penetration helped the ICT sector outpace broader economic growth, according to data issued by the Ghana Statistical Service in late June. While GDP expanded … Read more