Accra, May 13, 2018//-Small and Medium Enterprises (SMEs) contribute significantly to income and job creation in Ghana. They contribute about 80% of the larger industrial sector and employed about 70% of the country’s labour force, are still the fulcrum of the Ghanaian economy.
Category: Economy
Architect of CFTA: No Way Nigeria Will Abandon Trade Pact
May 12, 2018//-The African Continental Free Trade Area (CFTA) summit held in Kigali, Rwanda in March 2018 was supposed to be the culmination of former Ghanaian President Kwame Nkrumah’s dream of a truly united Africa.
Regional Court Shuts Door on Challenge to EU-EAC Trade Deal
The East African Court of Justice (EACJ) has dismissed a petition seeking the reinstatement of an appeal of the case on the Economic Partnership Agreement between the regional bloc and European Union (EU).
Ghana is Optimistic of Continental Free Trade Area Agreement
May 12, 2018//-Ghana’s President Nana Addo Dankwa Akufo-Addo is optimistic that the ratification of the Continental Free Trade Area agreement by the Ghanaian Parliament means that the era of low volumes of intra-continental trade that have defined the activities of the African economies will come to an end.
ECA Conference of Ministers Calls for Bold Action to Drive AfCFTA
Addis Ababa, Ethiopia, May 12, 2018//-The potential for the African Continental Free Trade Area (AfCFTA) to become a powerful tool for driving industrialisation, economic diversification and development has been highlighted at the start of the UN Economic Commission for Africa’s (ECA) Conference of Ministers in Addis Ababa, Ethiopia.
Delay in Budget Passage Will Impact Nigeria’s Economy
Abuja, May 12, 2018//-Nigeria’s Minister of Finance, Mrs. Kemi Adeosun has warned that the delay in passage of the 2018 budget would have some impact on the nation and cause some adjustments in implementation.
Latin America and Caribbean: Seizing the Momentum
May 11, 2018//-Growth in Latin America and the Caribbean is picking up, thanks to stronger demand at home, and a favorable global environment helped also by rebounding commodity prices.
FocusEconomics Survey Projects Strong Growth for South-Eastern Europe
May 11, 2018//-South-Eastern Europe’s (SEE) economy is expected to have grown 4.7% in first quarter (Q1) of 2018, down from Q4’s impressive 5.8% expansion in 2017, which had marked the second fastest rate in nearly a decade.
Ghana, South Africa Seek Bilateral Relations to Grow Film Industry
May 11, 2018//-The Film Directors Guild of Ghana (FDGG), is seeking to establish a bilateral relations with the South African film industry as a way of strengthening the industry in both countries.
Ghana Raises $2 Billion from Sovereign Bond
Accra, May 11, 2018//-Ghana’s 2018 sovereign bond issuance has raised $2 billion at the lowest rates on the international capital markets, according to a statement from the Ministry of Finance.