The government is set to introduce a new policy that will require state institutions to purchase selected goods—including rice and sugar—exclusively from local producers, unless they obtain special approval from the Office of the President. The Minister of Finance, Dr Cassiel Ato Forson, announced the measure during a meeting with the leadership of the Association […]
Ghana’s import landscape in 2024 was dominated by fuel, machinery, and agricultural products, with ten key commodities accounting for 33.4 percent of total imports, according to the latest Ghana Statistical Service (GSS) Trade Report. The highest-value import was Diesel (Automotive Gas Oil – AGO) for the Tema Oil Refinery (TOR), amounting to GH₵28.9 billion and […]
The Association of Ghana Industries (AGI) has cautioned the government against implementing a policy that would remove taxes on imported sanitary pads while disregarding local manufacturers. According to the AGI, such a measure would have severe negative consequences for the country’s economy. While the idea of waiving duties or taxes on imported sanitary pads to […]
ONLY six per cent of the GH¢23.7 billion goods imported into the country last year (2021) were properly insured under the Insurance Act, 2006 (Act 724). This means that GH¢22.3 billion representing 94 per cent of the imports were either not insured at all or were insured by foreign firms, a practice which is against […]
Right from the start of the COVID-19 outbreak in Ghana, government has sought to use the inevitable accompanying disruptions in international supply chains to engage in import substitution in order to improve the country’s merchandize trade performance. The latest data released by the Bank of Ghana at the weekend confirms that this strategy is working. Total merchandise trade imports […]
It seems the immediate past Chief Executive Officer of the Coastal Development Authority Samuel Attah-Mensah seem to have gotten over the talk about his resignation and is enjoying some good food at home. He seems to be so much into local dishes, and perhaps his favourite is boiled plantain with kontonmire stew. Mr. Attah-Mensah prescribes […]
