Ghanabizmedia December 2010

December 2010 ISSUE (Full Version)

Introduction

Highlights of this month’s issue include Ghana’s dream of becoming the gateway to West Africa, introducing internet connectivity to Ghana’s rural communities and Ghana's journey in becoming the centre of EKOWAS trade and investment.

Latest News:

Leader

Positioning Ghana to compete effectively in...

The member states recognize that their individual trade and industry policies, as well as regional investment promotion initiatives therefore, must take into account the need to...Read More >>

Media

Private broadcasters raise alarm over digital...

Ghana’s programme for migrating from analogue to digital broadcasting may seem to be smooth sailing, but private broadcasters are raising alarm bells for fear the government...Read More >>

Taxation

Integrating Ghana’s revenue management system: Risks...

The decision by the government to integrate the three main revenue collecting agencies into a single all-powerful Ghana Revenue Authority (GRA) could either turn out to...Read More >>

Agriculture

Ghana cocoa financing enjoys over-subscription

A major example of the growing credit-worthiness of Ghana in global financial markets may be gleaned from the high-quality and volumes of financing that the Ghana...Read More >>

Oil & Gas

How will Ghana cope if 2011...

As Ghana looks forward to becoming an oil producing country, its government, corporate sector and ordinary citizens are increasingly going to be paying closer attention to...Read More >>

Management

Consultancy practice in Ghana: Who gets...

As Ghana’s economy continues to grow, the business of consulting is growing apace, enabling thousands of professionals, including many retired people, to call themselves consultants. But...Read More >>

ICT Finance

Ghana to benefit from ICT investment...

Studies have shown quite conclusively that investment in information and communications technology (ICT) correlates quite directly with a country’s economic growth and prosperity. Partly for this...Read More >>

Telecommunications

The coming telecom price wars

Intense competition compels telcos in Ghana to cut phone call charges Just a few years ago, mobile network operators in Ghana were busy consolidating their profits,...Read More >>

Energy

Energy efficiency & the conservation dilemma

The Energy Commission’s push for high energy efficiency is being thwarted by importers Many believe that, with rigorous discipline in Ghana’s electricity production and usage, the...Read More >>

Economy

Will fighting inflation lead to economic...

The government of President John Atta-Mills has made the fight against inflation and the strengthening of the cedi central planks of its economic development programme, the...Read More >>

Bulletins

Public debt hits US$10 billion

Provisional total public debt stood at US $10.3 billion at the end of June this year from US $9.2 billion, at the end of December 2009,...Read More >>

Bulletins
	Inflation drops furtherThe inflation rate for September 2010 dropped for the 15th consecutive month since June 2009 to 9.38%. The decline was 0.06% lower than that of...Read More >>

Bulletins
	Cocoa purchases dropCocoa purchases for the 2009/2010 season came in about 10 % lower than the projected figure of 700,000 tonnes. As of the end of September...Read More >>

Bulletins
FDI up close to 600%A total estimated value of US $850 million worth of investment was recorded in the first half of this year, according to the Ghana Investment...Read More >>

Bulletins
Cocoa finance deal over subscribedThis year’s trade finance facility for cocoa purchases recorded an over subscription of 20 % to US $1.8 billion at the end of the syndication...Read More >>

Bulletins
	Inward remittances hit US$4.2bnData from the central bank shows private inward transfers through commercial and retail banks increased 22 % in the first half of this year to...Read More >>

Bulletins
Tax revenue target missedTaxes collected by Customs Excise and Preventive Service underperformed in the first half of this year, totaling GH¢1,018 million, which was 85 % of the...Read More >>