Spain Ghana CC

Competitiveness under AfCFTA hinges on removal of unwarranted obstacles

Head-Freight and Logistics, Ghana Shippers Authority (GSA), Fred Asiedu-Dartey, has said the removal of “unwarranted economic obstacles and non-tariff barriers” will unlock the African Continental Free Trade Area’s (AfCFTA) full potential. This action, he stated, will result in an enhanced transportation system – consequently boosting the competitiveness of domestic industries within the continental free trade […]

Spain fully committed to peace in the Middle East — Spanish Ambassador

The Spanish Ambassador to Ghana, Javier Gutiérrez, has strongly condemned last Saturday’s terror attack against Israel by Palestinian militant group, Hamas.  He said Spain as a country was fully committed to peace in the Middle East and called on the world to join forces to stop violence. Mr Gutiérrez ,who said this in Accra, yesterday, […]

FDI inflows to Ghana fell by 39% in 2022 – Report

Foreign Direct Investment inflows to Ghana fell by 39% in 2022 to $1.472 billion, as greenfield projects remained flat while international project finance and Mergers and Acquisitions deals declines, transaction advisory firm, Bridgewater, has revealed. This is due to the economic slowdown and challenging business environment. The first half of 2023 recorded 72 projects with […]

World Bank revises Ghana’s growth rate downwards to 1.5 percent

Ghana’s economic growth is expected to decelerate to 1.5 percent this year, fresh projections by the World Bank have suggested. The slowdown is sharp drop from the 3.1 percent growth in 2022. It is also significantly low per the average of 61. percent pre-pandemic growth. The World Bank in its latest Africa’s Pulse report revealed […]

GREDA raises alarm over money laundering in real-estate

The Ghana Real Estate Developers Association (GREDA), the umbrella-body of property developers, has bemoaned the influx of illicit money into the real-estate sector – describing it as alarming and with dire repercussions for the economy. With the banking sector having closed all the loopholes for money launderers, GREDA said the real estate sector – built […]

Spain-Ghana Chamber of Commerce to improve skills of students

THE Spain-Ghana Chamber of Commerce is implementing an initiative that allows students of the University of Ghana (UG) to have industrial experience with member companies of the chamber. The initiative which was birthed as a result of the Memorandum of Understanding between the chamber and the UG in 2022 seeks to expose students to work […]

Data Protection Commission to clamp down on unregistered data controllers

The Data Protection Commission would embark on another enforcement exercise to clamp down on unregistered data controllers. The Commission began active enforcement last month, conducting spot checks, data protection audits and arresting companies found culpable of data breaches. This activity, the Executive Director, Patricia Adusei-Poku, says has come to stay in order to hold accountable […]

GIPC urges businesses to register TTAs in compliance with law

The Ghana Investment Promotion Centre (GIPC), has called on Ghanaian businesses to ensure that their Technology Transfer Agreements (TTAs) are registered with the GIPC in compliance with the Technology Transfer Regulations (L.I 1547) and the GIPC Act, 2013 (Act 865). Speaking during a UK-Ghana Chamber of Commerce (UKGCC) and PwC Ghana webinar on “Technology Transfer […]

Policy rate to be maintained at 30% – GCB Capital

Ahead of the announcement of a policy rate on Monday September 25, 2023, GCB Capital expects the Monetary Policy Committee [MPC] of the Bank of Ghana to maintain the policy rate at 30% for the rest 2023. It however believes the policy stance will subside in first quarter of 2024 once inflation eases sufficiently. In […]