Breaking business news, expert analysis, manufacturing, exports, entrepreneurship, AI, logistics and investment opportunities from Ghana and the wider African market.
IEAG Leadership Pays Courtesy Call on Omanbapa Group Ahead of Ghana's PVoC Rollout
The review comes at a time when Ghana continues implementing economic reforms under its programme with the International Monetary Fund (IMF), while seeking to create a more stable environment for businesses and investors.
Fire, floods, power outages or civil disturbances can halt operations overnight. Business Interruption Insurance helps businesses survive when income suddenly stops.
For decades, Ghana's vehicle market has been dominated by used vehicle imports. According to figures presented by the GSA, approximately 90 percent of vehicles imported into Ghana are used, while only about 10 percent are new vehicles.
The latest data reveals that while competition among banks has improved lending options for some borrowers, financing remains prohibitively expensive for many SMEs, with interest rates ranging from 11.03% to as high as 33.58% depending on the lender and loan tenure.
The reforms, announced by the Chief Executive Officer of the Ghana Investment Promotion Centre, Simon Madjie, represent a major shift in Ghana's investment landscape and are intended to remove barriers that investors have consistently cited as discouraging investment.
The issue has once again become a major point of concern for the Ghana Union of Traders Association (GUTA) and other local business groups, who argue that some foreign-owned businesses are gradually taking over sectors that the law specifically reserves for indigenous entrepreneurs.
An easy way to understand ERP is to picture a company as a human body. Like a body, it has core processes that are vital to its health and functionality
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