The Ghanaian economy is strongly correlated to global commodities such as cocoa, gold and oil, which are the three main sources of income and foreign currency. Price swings for these three resources, increased spending on domestic public sector wages, an electricity shortage and other external factors have combined to slow the pace of...
The finalisation of a $918m borrowing programme through the IMF in April 2015 means Ghana’s economic trends over the short and medium terms will be predictable and structured, featuring a series of just-published targets and objectives. The government and the IMF have agreed to a three-year plan to address challenges. The process is called the...
The signing of a free trade agreement between ECOWAS and the EU in 2014 marked a milestone for the West African bloc after years of negotiations. The Economic Partnership Agreement (EPA) will give ECOWAS members almost completely tariff-free access to EU markets with only a partial reciprocation. The new trade deal was ratified in October 2014...
LABADI BEACH HOTEL No.1 La Bypass, Greater Accra T: (233) 302 772 501-6 F: (233) 302 772 520 www.legacyhotels.co.za labadi@legacyhotels.co.za Rooms: 164 rooms, including 2 superior suites, 2 executive suites, 2 presidential suites and 2 handicapped-accessible rooms. Business & Conference Facilities: Conference and banqueting facilities for...
ETIQUETTE: Ghana has a deserved reputation for hospitality. Manners and etiquette are important, which means that using correct honorifics and respectful greetings in business meetings is expected. Shaking hands is customary, and it is polite to spend a few moments engaged in casual conversation...
The banking sector underwent a major round of recapitalisation between 2008 and 2012, when institutions were required by the regulator to increase their minimum capital from GHS7m ($1.9m) to GHS60m ($16.7m), and this lifted the relevant ratios, which were already high, to levels that suggest safety and soundness by a comfortable margin.
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