News Headlines

Ghana Investment Promotion Centre (Promotion of Tourism) Instrument, 2005 (L.I. 1817) to be Reintroduced

Tourism is a powerful vehicle for economic development and job creation throughout the world. In 2016, Travel & Tourism directly contributed US$2.3 trillion and 109 million jobs worldwide. Taking its wider indirect and induced impacts into account, the sector contributed US$7.6 trillion to the global economy and supported 292 million jobs in 2016. This was equal to 10.2 percent of the world’s GDP, and approximately 1 in 10 of all jobs.

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President Akufo-Addo Advocates Increased Trade, Investment Co-Operation With Germany

President Akufo-Addo has said Ghana has decided to turn our back on the old Ghanaian economy, which has been dependent on the production and export of raw materials, and also dependent on aid. He said despite the excellent relations that exist between Ghana and Germany, “we want our relations with Germany to be characterised by an increase in trade and investment co-operation.”

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GCNet Activates Paperless Exemption Module

The Ghana Community Network Services Limited (GCNet) has activated a paperless exemption module to allow all applications and approvals for trade exemptions from the Ministry of Finance to be done on the eMDA portal.

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CGCC Reiterates Commitment to Agribusiness Development

Mr Frederick Attakumah, the President of the Canada Ghana Chamber of Commerce (CGCC), has said that the Chamber will contribute to policy initiatives aimed at enhancing further growth and development of agribusiness in Ghana.

He said the Chamber believed that agriculture is fundamental to our very human existence, and that Ghana had most of the basic building blocks necessary for not only achieving food sufficiency but also becoming a major exporter of agro-produce.

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BOG Gives Upbeat Assessment of the Economy

The Bank of Ghana (BOG) has given an upbeat assessment of the performance of the nation’s economy, indicating that, the government’s fiscal consolidation is on track.

Mrs. Evelyn Kwatia, Head of the Governors’ Department, said the expectation was that it would deliver better-than programmed budget deficit in 2017 as expenditures were properly aligned to address shortfalls in revenues.

She added that economic activity had picked up significantly with private sector credit growth also recovering.

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