The Daily IIJ

An estimated 34 percent of annual mineral exports, currently enjoyed by foreign firms and expatriates providing mining services in the country could revert to the locals if they take steps to provide these services, Ghana’s minerals managing body has said.

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Civil society groups (CSOs) working on finance, trade, investment and economic development in Africa have called on African governments to be innovative and not haste into clinching International Monetary Fund (IMF) programmes to deal with the challenges posed by the current global economic crisis.

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The Monetary Policy Committee (MPC) of the Bank of Ghana last week said the government’s economic policies have begun to yield the expected results. “There are initial signs that the policy framework is beginning  to work. Initial data for the first half of the year point to some degree of unwinding in both the fiscal and external imbalances, some  [...]

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The Ghanaian banking industry does not expect to witness entry of new banks in the coming years, as compared to the last six years, Dr Paul Acquah, Governor of the Bank of Ghana has said. With the opening of six new banks in just six years, increasing the number of universal banks to 25, the Governor [...]

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The mission of the World Trade Organisation (WTO) is to promote global trade through the removal of barriers to trade. There is no ‘Breton Woods’ institution responsible for dealing with capacity differences among trading partners: the World Bank must broaden its role or a new institution be set up, writes Moses Mozart Dzawu My good [...]

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A concerned Ghanaian citizen living in the diaspora, Mr. John F. Mensah has said that government should not issue the Economic Community of West African States (ECOWAS) passport to Ghanaians. He said issuing an ECOWAS passport to Ghanaians is tantamount to selling their birth right and  places Ghanaians in danger of suffering penalties in the [...]

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Africa  Finance Corporation (AFC), an organization with a focus on financing infrastructure, industry and financial assets in Africa has announced participation in  a loan syndication to raise US$750 million loan facility to develop phase 1 of the landmark Ghanaian Jubilee Oil Field.

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Ghana will from next year begin issuing the Economic Community of West African (ECOWAS) passport that will subsequently replace the existing national passport. The national passport is expected to run side by side with the ECOWAS passport for a one year period after which the national passport will phase out. Minister of Foreign Affairs, Muhammed [...]

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The message of the 2009 UNCTAD report that Africa must pursue regional integration as a panacea for growth and poverty reduction in these financial  crunch times, confirms that ECOWAS countries must not rush into signing the Economic Partnership Agreement (EPA). Coordinator of Third  World Network (TWN) Africa, Dr. Yao Graham has observed, and warned against [...]

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A Multilateral Trade Official of the Ministry of Trade and Industry, Mr. Emmanuel Awuri has disclosed that Ghana is not ready to sign a comprehensive EPA with the EU by the June 30 deadline. “We have begun a review of the Interim EPA. We are identifying sensitive products to exempt from the free market access. [...]

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