🚩 Ghana has signed an Air Service Agreement with Malta which will see the national airline of the Mediterranean state flying directly to Ghana. The direct flight would be the first of the Maltese carrier, Air Malta, to sub-Saharan Africa. The two nations also signed other agreements on the agreed minutes of the second meeting at the technical level on Ghana, Malta permanent joint commission on full bilateral cooperation, and double taxation.
🚩 An ambitious project is underway to install 55 small-scale renewable electricity production and distribution systems, known as mini grids, in island communities on the Volta Lake and those with limited access to the national grid by 2020. So far, some US$230 million has been dedicated to the implementation of the project which is being executed by the Volta River Authority (VRA) under the Scaling Up Renewable Energy Programme (SREP) in low income countries.
🚩 Ken Ashigbey, the Chief Executive Officer of the Ghana Chamber of Telecommunications, has said network operators in 2018 paid a total of GH¢1.94 billion tax and a direct capital expenditure of over GH¢276 million to the state. He explained that the mobile industry contributed close to nine per cent of Ghana’s total revenue basket and employed more than 1.7 million people directly and indirectly. Mobile Phone, he said, was a key channel for e-government’s strategy and financial inclusion drive, with public institutions now using mobile money, SMS, and USSD platforms to deliver services to the public.
🚩 Private sector credit growth is expected to rebound from the first quarter of 2019, following a tightening stance by commercial banks on loans to enterprises during the last two months of 2018, according to Bank of Ghana’s financial sector report for January 2019. The survey projects an easing of banks’ credit stance over the first quarter of 2019, in line with their enhanced capital levels following the completion of the recapitalization exercise to a minimum of GH¢400 million at the turn of the year.
🚩 Ghana has recorded a downward slope by placing 9th as one of the preferred investment destination hub in Africa, according to a study by Rand Merchant Bank Ltd (RMB). Findings by RMB analysts and co-authors of the study, Celeste Fauconnier and Neville Mandimika showed that Ghana dropped from fifth to ninth place in the 2019 rankings mainly as a result of a downward review of the 2018 growth rate by the International Monetary Fund (IMF). The other countries in the top 10 list included Egypt, South Africa, Morocco, Ethiopia, Kenya, Rwanda, Tanzania, Nigeria, and Cote D’Ivoire.
🚩 Delta3 International, a cybersecurity firm with operations in Europe and Africa, has signed a partnership with IBM, the global technology provider, for the upcoming Information Security (InfoSec) and IT Leaders Conference. The conference, which comes off on March 28, at the Marriot Hotel, Accra from 8:30am to 4:30pm is under the theme Mitigating Cyber Risks through Effective Leadership and seeks to reposition information security as a key business enabler and also to share new knowledge in information technology and information security.
🚩 Stakeholder consultations have begun for a possible review of the law which bans the use of motorcycles for commercial purposes. According to the Transport Ministry which is leading the discussion, the Okada business has provided jobs for thousands of people and has also made commuting easy for traders, hence the need to reconsider the law. The Road Traffic Regulations, 128, 2012 forbids the use of Motor cycles or tricycles for commercial purposes aside courier and delivery service.
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