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Interview

Siri Walt, Head of Sub-Saharan Division, Federal Department of Foreign Affairs of Switzerland: Interview
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Interview:Siri Walt How might Ghana make its business environment more attractive for foreign direct investment? SIRI WALT: Reliable and predictable framework conditions are important factors for companies looking to invest abroad. Reducing unnecessary bureaucratic obstacles and simplifying the investment process can go a long way in facilitating the entry into a new market. This is in line…
Viewpoint

Vish Ashiagbor, Country Senior Partner, PwC Ghana: Viewpoint
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Viewpoint:Vish Ashiagbor The National Identity Card has been a positive development for the country. It started in 2017, and we have seen significant progress in card registration in recent years. It is becoming an important identification card both for Ghana and the ECOWAS subregion. The card, which is issued by the National Identification Authority, is generally referred to as the Ghana Card;…
Viewpoint

Adelaide Benneh Prempeh, Founder, B&P Associates: Viewpoint
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Viewpoint:Adelaide Benneh Prempeh A new law on PPPs came into force in Ghana on December 29, 2020. The PPP Act, 2020 (Act 1039) is heralded as the long-awaited solution to a single, more efficient and investor-friendly legal framework for infrastructure projects. Historically, in the absence of a single legal framework for PPPs, various sector-specific laws formed the backbone of collaboration…
Viewpoint

President Nana Akufo-Addo: Viewpoint
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Viewpoint: President Nana Akufo-Addo Between 2017 and 2020 Ghana recorded an average GDP growth rate of 7%, among the highest in the world. In 2020 – when the global economy and sub-Saharan Africa’s contracted by 3.5% and 2.1%, respectively – Ghana was one of the few countries that registered positive GDP growth. This is a testament to the government’s Ghana Beyond Aid vision. While Covid-19…
Analysis

Can emerging markets reduce climate risks while bolstering bottom lines?

Posted OBG AdminPosted in Uncategorized

As environmental, social and governance (ESG) concerns become increasingly important in the corporate world, insurance companies are emerging as potentially key players in the shift away from fossil fuel-powered projects. The launch of the UN-convened Net-Zero Insurance Alliance (NZIA) in July 2021 reflects an ongoing shift in the global insurance industry towards the wider recognition of the risks…
Analysis

Can Ghana's new legislative framework modernise the insurance market?

Posted OBG AdminPosted in Uncategorized

Ghana’s National Insurance Commission (NIC) has been working in recent years to implement a series of changes aimed at enhancing access to coverage, diversifying products and bolstering awareness in the general public about the importance of insurance. The Covid-19 pandemic further underscored the need to bolster the market. “The financial sector and insurance companies in particular have shown…
Analysis

Will Ghana's decade-long plan to drill additional oil wells be successful?

Posted OBG AdminPosted in Uncategorized

Oil and gas exploration in Ghana has come a long way since the West Africa Oil and Fuel Company dug the country’s first documented discovery well, WAOFCO-2, in the Takanita concession in 1896. Located onshore in the Tano River Basin in western Ghana, the well was approximately 35 metres deep and produced 5 barrels per day (bpd). By comparison, Jubilee Field, which lies 60 km out to sea from the…
Analysis

Can Ghana address overcapacity issues while attracting more energy investment?

Posted OBG AdminPosted in Uncategorized

With recent years seeing major expansion in both generation capacity and grid connectivity, Ghana is now close to achieving a UN Sustainable Development Goal: universal access to electricity. Additionally, it has good solar and wind resources, which can be harnessed to shift the energy mix towards more renewable energy. The country is also host to the largest hydropower project in West Africa. In 2020…
Analysis

How the Ghanaian government is supporting community mining

Posted OBG AdminPosted in Uncategorized

Artisanal and small-scale mining (ASM) is a major driver of the economy, directly employing an estimated 1m Ghanaians and supporting around 4.5m others. ASM – categorised by concessions of under 4000 sq metres – has accounted for around onethird of the country’s total gold output in recent years. “Almost all the jewellery worn in Ghana is manufactured with gold coming from ASM,” Frank Boateng,…
Analysis

Opportunities in low-carbon, food-production alternatives

Posted OBG AdminPosted in Uncategorized

As the world works to bring climate change under control, there is a growing awareness of the negative ramifications of many forms of food production. As a result, some foodstuffs with smaller carbon footprints are gaining traction, creating opportunities for emerging markets. The production and consumption of food accounts for over 20% of global greenhouse gas emissions and more than 90% of freshwater…