News

GHANA TO DEVELOP AVIATION MASTERPLAN TO ATTRACT INVESTORS

Mrs. Cecilia Abena Dapaah, outgoing Minister of Aviation, says Ghana will start processes to develop an Aviation Master plan to better position the industry for investment. She said the development of the Aviation Master plan had become necessary in order for Ghana to be able to attract ... více

PASSION AIR WELCOMES AIRCRAFT TO BEGIN DOMESTIC OPERATIONS

Passion Air, a Ghanaian airline company which has been registered by the Ghana Civil Aviation Authority (GCAA) as 9G-ACA, has taken delivery of its first 78 seater aircraft, Bombardier Dash 8 Q400 which paves way for the airline to begin domestic operations. Passion Air which will ... více

INFLATION DROPS IN JULY

Inflation, the measure of the average change in prices of goods and services, dropped from 10% in June to 9.6% in July. The decrease was influenced by a corresponding decline in the non-food inflation basket, which dipped from11.2% in June to 10.7% in July, representing a monthly ... více

THE EU EXTERNAL INVESTMENT PLAN: FIRST PROJECTS IN AFRICA AND THE NEIGHBORHOOD

As part of its External Investment Plan, the EU gave its green light to a package of financial guarantee programmes worth around €800 million on 10 July. This will help to leverage an estimated €8-9 billion in public and private investment in Africa and the Neighborhood. This decision ... více

STOCK MARKET TRADING UNSHAKEN BY BANKING SECTOR CHALLENGES

The Ghana Stock Exchange (GSE) on the second week of August trading opened with ten equities experiencing activities in their shares with only one price change. The GSE-Composite Index thus edged by 0.03% to close at 2,936.7 points. CAL Bank rose by 0.8% to close at GH¢1.27 per ... více

2ND EDITION OF GHANA SME & YOUNG CEOS SUMMIT LAUNCHED

The Ghana CEO Network has launched its 2nd Edition of the Ghana SME & Young CEOs Summit in Accra. The annual event which is expected to take off on November 26 will bring together business leaders, stakeholders, investors, service providers, regulators as well as government ... více

PAPERLESS PORT BOOSTS HALF-YEAR IMPORT REVENUE

The implementation of the National Single Window and Paperless Port System at the country’s sea ports is gradually yielding results to the admiration of importers and stakeholders. Analysis of the Monthly Import Performance of the Customs Division of the Ghana Revenue Authority (GRA) ... více

RELIGIOUS LEADERS HAVE THE MANDATE TO STOP CORRUPTION – DANISH AMBASSADOR

Danish Ambassador to Ghana, Her Excellency Tove Degnbol, has asserted that religious leaders in the country have the power to ensure that the public abstain from indulging in corrupt practices. Tove Degnbol explained that Pastors, Imams, Traditionalists are very much respected by the ... více

DOWNSTREAM PETROLEUM BILL

EBO’s questions on downstream petroleum bill stay unanswered; Leaving the foreign investors in limbo and delaying investments in Ghana. The government of Ghana has been working on a Local Content Policy on the downstream petroleum for several years now. Ghana has every right to ... více

LAUNCH OF THE PRIVATE SECTOR ANTI-CORRUPTION GROUP (PSACG)

The Private Sector Anti-Corruption Group (PSACG), an initiative of the UK Ghana Chamber of Commerce (UKGCC), has been launched by the High Commissioner of the United Kingdom in Ghana Ian Walker at the Movenpick-Ambassador Hotel in Accra with a strong speech and message on how corruption ... více

EBO-GHANA WELCOMES NEW MEMBER – SUPERMARITIME GHANA

Supermaritime is a privately owned and independent maritime service provider, providing first class vessel and port agency services. Through a continuing program of strategic development and investment, the company additionally offers a wide range of shipping and logistics services, ... více

GIPC HOSTS FORUM FOR YOUNG ENTREPRENEURS

The Ghana Investment Promotion Centre (GIPC) held a two-day conference for entrepreneurs in Ghana dubbed “The Young Entrepreneurs Forum.” The forum began on Wednesday 25th and ended on Thursday 26th July. The young entrepreneurs participated in executive master classes, enjoyed ... více

TRADE MINISTRY RESCINDS DECISION TO EXCLUDE FOREIGNERS FROM RETAIL TRADE

A last-minute decision by the Ministry of Trade and Industry (MoTI) to rescind its directive to all foreigners in the domestic retail business to leave the local market before July 27 this year has been met with stiff resistance from the Ghana Union of Traders Association (GUTA). The ... více

EU – EBOWWN MEETING IN BRUSSELS

EBO World Wide Network is the only EU partner in Trade related Advocacy. Ambassador Angelos Pangratis (a Professor in Economics and the former EU Ambassador to the World Trade Organization) in his capacity as the EU Ambassador for Economic Diplomacy stated at the annual meeting ... více

UKGCC ORGANIZES FORUM FOR GHANAIAN EXPORTERS

Hundreds of Ghanaian exporters have expressed interest in trading with the UK if provided the needed support. At the UK Ghana Export Forum organized by the UK Ghana Chamber of Commerce (UKGCC), these exporters lamented the frequent changes in export laws and requirements as well as ... více

GHANA, BURKINA FASO SIGN MOU TO IMPROVE TRADE AT BORDERS

Traders and importers who conduct business along the Ghana-Burkina Faso corridor should be relieved of some of the inefficiencies they face following the roll out of the Single Transit Guarantee Scheme. Per the scheme, traders and importers will pay a single premium on the onset of a ... více

NOMINATIONS FOR YOUNG ENTREPRENEURS AND CEO AWARDS OPEN

Youth Business Network Foundation has opened nominations for the second edition of Young Entrepreneurs and CEO Awards 2018. The event which is in partnership with the Ministry for Business Development, National Entrepreneurship and Innovation Plan (NEIP) and the National Youth ... více

EU TARIFFS TAKE EFFECT, RETALIATING FOR TRUMP’S TARIFFS ON STEEL AND ALUMINIUM

More than $3 billion worth of U.S. goods — from bourbon and corn to Harley-Davidson motorcycles — are now subject to a 25% tariff in the European Union, in retaliation for the Trump administration’s tariffs that hit the EU, Mexico and Canada this month. “The trade that we believe in is ... více

WE WILL CONTINUE TO BE DEVELOPMENT PARTNER TO GHANA – SG-GHANA

Societe Generale Ghana Limited (SG), a member of the European Business Organization in Ghana (EBO-Ghana) says it will continue to play a leading role in Ghana’s economic growth and development. Mr. Alexandre Maymat, the Director of International Banking of Africa, Mediterranean Basin ... více

FOREIGN INVESTMENTS HINDERED BY CURRENT MINIMUM CAPITAL REQUIREMENT

The President of the Ghana-South Africa Business Chamber has called on the Ghana Investment Promotion Center (GIPC) to review the minimum equity requirement for foreign investors. According to Ashley Rix, the current requirement is on the high side and a disincentive for foreign ... více

EBO-GHANA, EBO WORLDWIDE NETWORK ANNUAL MEETING AT THE EUROPEAN UNION IN BRUSSELS

Nico van Staalduinen, Executive Director of EBO-Ghana represented Ghana at the EBOWWN in Brussels in meetings with the European Commission and European Parliamentarians. Highlight of the meetings were a Question and Answer session with the former EU Trade Commissioner, former Head of ... více

FRENCH EMBASSY SIGNS AGREEMENT WITH THE VICE CHANCELLORS’ GHANA ASSOCIATION

The Embassy of France has signed a Memorandum of Understanding (MoU) with the Vice Chancellors’ Ghana (VCG) association, as part of efforts to boost academic cooperation between the Embassy and universities in Ghana. This MoU sets forth provisions which would serve as a foundation for ... více

THE RIGHT TO INFORMATION BILL

The Right to Information (RTI) Bill has been taken through the second reading in Parliament for the House to adopt and later pass into law. Various attempts have been made in the past to pass the bill into law to give effect to Article 21 (1) (f) of the 1992 Constitution. Mr. Ben ... více

EBO-GHANA MEMBER SOCIETE GENERALE GHANA CELEBRATES AFRICAN UNION DAY

Societe Generale Ghana Bank celebrated Africa Union (AU) Day with a colourful display of Traditional Wear adorned by its Staff on Thursday 24th May 2018 throughout its network across the country. Even though the actual AU Day fell on Friday that followed, the Staff would not be left ... více

DOES EUROPEAN UNION NEW DATA PROTECTION REGULATION AFFECT YOU?

The European Union’s (‘EU’) new General Data Protection Regulation (‘GDPR’), regulates the processing by an individual, a company or an organization of personal data relating to individuals in the EU. The rules don’t apply to data processed by an individual for purely personal reasons ... více

THE FIRST STUDENT ENTREPRENEURSHIP WEEK IN GHANA!

The Student Entrepreneurship Week Ghana  is a 3-day power-packed event  that will create platforms for thought leadership on how to build and grow sustainable businesses. Participants will benefit from a range of insightful high-level keynote sessions, panel sessions, master classes, ... více

GHANA’S FOREIGN RESERVES AT HIGHER LEVELS

Ghana’s gross international reserves have reached an all time high following the successful issuance, in mid May 22, 2018 of US$2 billion in Eurobonds, the biggest issuance done by Ghana since it first entered the international capital markets in 2007. The latest sovereign debt ... více

BANK OF GHANA WORRIES ABOUT NON PERFORMING LOANS

With the levels of non-performing loans (NPLs) on the rise again this year, the central bank has raised concerns of the quality of loan portfolios in the industry. The NPLs ratio increased to 23.4% in April 2018 from 21.6% in December 2017. The Governor of the Bank of Ghana (BoG), Dr. ... více

AIRPORT TERMINAL 3; GHANA TARGETS 5 MILLION VISITORS ANNUALLY

The Aviation Minister, Madam Cecilia Abena Dapaah has said the newly constructed Terminal 3, at the Kotoka International Airport will accommodate some five million passengers per annum. ‘’The terminal three in addition to two other regional airports, which are completed and yet to be ... více

COUNCIL OF STATE URGES LOCAL BANKS TO MERGE

The Council of State has given backing to measures taken by the Bank of Ghana (BoG) to protect the interests of depositors. It asked that it continues to strengthen its regulation enforcement to ensure sanity in the banking sector. This was contained in a press release signed by the ... více