Tue11212017

Last updateTue, 15 Aug 2017 10pm

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‘Dumsor’ will collapse half of local industries - Agyapong

The Member of Parliament for Assin Central, Kennedy Agyapong has predicted that half of local businesses will collapse by the end of this year, 2015, as a result of the erratic power supply in the country.

According to him, many of the indigenous companies have already laid off majority of their workers but are still struggling to stay in business.

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Ghana's second highest importer of used clothes from UK

Ghana is the second highest receiver of used clothes (obroni wawu) from the United Kingdom (UK).

According to a 2013 figures from the United Nations Comtrade Database, Ghana spent $65 million on importing used clothes from the UK.

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Ghana earns $2.5b from exports – Report

Ghana has generated $2.5 billion so far from exports since the country launched a National Export Strategy document in 2013, according to the Ghana News Agency citing an official of the Ghana Export Promotion Authority (GEPA).

According to the report, the document is targeting export earnings of $5 billion by 2017.

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Ghana's economy heading for a crash - Dalex CEO

Chief Executive of Dalex Finance, Ken Thompson, says there are strong indications Ghana's economy is destined for dire straits in the coming months.

"We are heading for a crash...if you are doing a business that will be earning you cedis, don't take a dollar loan. It will wipe you out", he said at a lecture organised by the Chartered Institute of Marketing, Ghana (CIMG).

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2015 Budget ‘dead on arrival’ : Akoto Osei

The Ranking Member of Parliament on Finance, Dr Anthony Akoto Osei, has described the 2015 budget of the country as “dead on arrival”.

He said before the finance minister presented the budget to Parliament for discussions, it was clear that the estimated revenue for the year would not be met.

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