Ghana to standardized interest rates- Senior Minister

The Senior Minister, Osafo Maafo says the rate at which commercial banks lend to customers will soon be standardised. He said the situation where banks charge different rates is not allowing businesses to operate competitively, something the government intends to address. Speaking at the Graphic Business/Stanbic Breakfast Meeting in Accra, the Minister says the Bank […]

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The tariff war between America and China

Implications for developing countries, particularly Ghana By Kwasi Asante (Ghana Business News) During the 2016 electioneering campaign, Donald Trump labeled the People’s Republic of China a “currency manipulator” and promised increased tariffs on Chinese exports into the United States by 45 per cent. Trump proposed the idea during a wide-ranging meeting with members of the […]

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Innovative wood and furniture testing centre opens in Ghana

An innovative, new wood and furniture testing centre in Ghana was officially commissioned today by the United Nations Industrial Development Organization (UNIDO) with support from the Government of Switzerland through the State Secretariat for Economic Affairs (SECO). Located at the Council for Scientific and Industrial Research (CSIR) – Forestry Research Institute of Ghana (FORIG), in […]

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Ghana blames Nigeria for collapse of timber industry

By Franklin Ocheneyi Ghana has fingered Nigeria for the collapse of its timber industry. Speaking to journalists in Lagos, its Consul General in Nigeria, Mr. Maxwell Awiagah, Awiagah said: “Ghana timber used to do very well in Nigeria but now it has collapsed and it was as a result of harassments. The complaint of extortions […]

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