https://www.scmp.com/rss/501059/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com World Investment News (WI): Can you provide an overview of the pension schemes in Ghana? (HAK): In Ghana, we operate a three-tier pension system. We have the basic national social security scheme, which is mandatory and managed by the Social Security and National Insurance Trust (SSNIT), the main institution in the country that takes care of 11 per cent of the workers’ basic salary. Then, we have a second tier which manages 5 per cent of the workers own contribution. The first 11 per cent is... https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013385/qa-ghanas?utm_source=rss_feed https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013385/qa-ghanas?utm_source=rss_feed Tue, 11 Jun 2019 10:00:04 +0000 The Volta River Authority has harnessed the resources of the Volta River to provide electrical energy for industrial, commercial and domestic use in Ghana. With a diversified portfolio of sustainable power supply, VRA stands ready to provide the necessary support for all investment endeavours in Ghana. World Investment News (WI): Assess the current state of power generation in the country and its evolution these past years? Emmanuel Antwi-Darkwa (EAD): We are in a very good state at this time... https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013384/powering?utm_source=rss_feed https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013384/powering?utm_source=rss_feed Tue, 11 Jun 2019 09:00:10 +0000 “Our mandate in contributing towards the industrialisation agenda, is to manage Ghana’s forests as well as its natural resources for the benefit of not only Ghanaians but of all the people.” (WI): What can you tell us about the current status of Ghana’s Forests and wildlife resources? Kwadwo Owusu-Afriyie (KOA): In terms of forests, we have implemented a policy to develop Ghana’s forests in the next 20 years. Our forest strategy will go from 2016 to 2040. The first major area we are developing... https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013849/forestry?utm_source=rss_feed https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013849/forestry?utm_source=rss_feed Tue, 11 Jun 2019 08:00:16 +0000 Tullow Ghana has enjoyed an impressive track record in project delivery over the past decade with its world-class assets, Jubilee and TEN. The Tullow Ghana Business, formerly part of Tullow’s West Africa business, is now a stand-alone entity reflecting its importance and stature within the company. A subsidiary of Tullow Oil plc, the group has interests in 90 exploration and production licences across 16 countries and businesses in 22 countries. It is listed on the London, Irish and Ghanaian... https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013860/ghanas?utm_source=rss_feed https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013860/ghanas?utm_source=rss_feed Tue, 11 Jun 2019 07:00:09 +0000 World Investment News (WI): How far is Ghana from becoming an industrial hub in the region, and what is still to be done? Michael Okyere Baafi (MOB): Ghana is the gateway to West Africa, as well as the rest of Africa. Ghana has a good business-friendly environment, rule of law, and a stable government committed to change. With an estimated population of 400 million people in West Africa, investors who set up in Ghana will have access to a vibrant and dynamic market base. It is worth mentioning... https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013828/ghana-free?utm_source=rss_feed https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013828/ghana-free?utm_source=rss_feed Tue, 11 Jun 2019 06:00:13 +0000 Insights into the banking sector with Dr Ernest Addison, governor of the Central Bank of Ghana World Investment News (WI): Can you share with us your overview of Ghana’s banking sector? Dr Ernest Addison (EA): We are beginning to see the emergence of a stronger banking sector that is well-capitalised, profitable and stable, thanks to the reforms being implemented. In 2017, nine banks with inadequate capital were identified and had to submit recapitalisation plans to the central bank. As part of... https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013866/banking?utm_source=rss_feed https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013866/banking?utm_source=rss_feed Tue, 11 Jun 2019 05:00:09 +0000 World Investment News (WI): From your perspective, what is the current status of Ghana’s logistics sector? Joseph Biney (JB): The sector keeps improving by the day. With more multinational companies coming in, such as ENI, who not only want to see the job get done, logistic companies wishing to get involved had to step up their game and meet the high standards that are demanded. The logistics business in Ghana is improving and it is doing so very fast. (WI): What strategies are you implementing... https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013854/baj-freights?utm_source=rss_feed https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013854/baj-freights?utm_source=rss_feed Tue, 11 Jun 2019 04:00:14 +0000 Ghana has been a politically stable country since 2001. Thanks to our understanding of parliamentary democracy, this political system keeps deepening over time. Ghanaian people are very receptive, they are hospitable and not too diehard on issues, which gives them the ability to accommodate different opinions. We are a country rich in natural resources, we have gold, cocoa, timber and now we also have oil. We have a financial regime that aims to encourage foreign investors to come to Ghana,... https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013870/technology?utm_source=rss_feed https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013870/technology?utm_source=rss_feed Tue, 11 Jun 2019 03:00:07 +0000 We decided to support agriculture because our country’s rural population is very significant (in terms of its size) and the great majority of people work in agriculture. ADB has two main business lines. The first is job creation for people involved in the sector with our main objective to help them come out of poverty. The second is commercial banking. The current government is very agriculture focused, and this has allowed us to increase our funding in the sector. At the moment, we count 78... https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013875/agriculture?utm_source=rss_feed https://www.scmp.com/country-reports/country-reports/topics/ghana-business-report-june-2019/article/3013875/agriculture?utm_source=rss_feed Tue, 11 Jun 2019 02:00:15 +0000