The Corporate Insolvency and Restructuring Act, 2020 (Act 1015) (the “Act”) became law in Ghana on 30 April 2020. The Act prescribes the regime for the administration and restructuring of the affairs of distressed companies or for the liquidation of such companies.
A company may be said to be financially...
Communication is at the heart of every organization; hence, it requires tact and professionalism. A puny slip is enough to bring the strongholds of an organization tumbling. The Communication Masterclass (an online platform founded and hosted by Mawuli Fui Kwadzovia (an experienced Communications practitioner with 10 years of experience)...
Consumer and business confidence rise
New data has shown that the country’s economy is fast recovering from the ruins of the coronavirus pandemic as the Bank of Ghana’s Composite Index of Economic Activity (CIEA) has moved from contraction to growth with overall GDP for the year tipped at 2.5...
Until COVID-19, many people in the developing world felt good about their futures. Overall, developing countries had recovered quickly from the 2009-10 Great Recession, and many – especially in Africa and Latin America – were enjoying the benefits of China’s ever-growing demand for oil, minerals, and agricultural commodities. Expectations...
Every year, millions of cedis are paid as demurrage – fees importers pay for overstayed containers – to shipping lines.
Ghana Shippers’ Authority (GSA) consequently embarked on an educational drive to improve the situation, even though there has been some improvement, figures still remains high.
According to the GSA, from estimation...
The newly appointed Director-General of the GCAA Charles Kraikue is confident that the aviation sector is bouncing back quickly after the opening of the air borders on September 1 as an appreciable number of airlines have begun operations.
Data from the Ghana Airport Company Limited (GACL) reveal that 16 out...
Although the proper role of government in society is much debated, few would dispute that law enforcement falls within the state’s remit. But governments have increasingly turned a blind eye to enforcing the laws against the world’s most lucrative crimes: the fraud, embezzlement, tax evasion, bribery, and money laundering...
The presidential election contest of 2020 is the third between President Nana Akufo-Addo and his immediate predecessor President John Mahama.
In 2012 and 2016, Mahama was the incumbent whereas Akufo-Addo was the challenger. On this occasion, the table has turned, with Akufo-Addo as the incumbent and Mahama as the opposition...
Since we are in an election year, let's throwback to November 2016 (another election year) when my flight from Kumasi to Accra got delayed due to adverse weather conditions. I went to the Airport restaurant to grab a snack and catch up on my emails.
I was busily attending to my emails...
Debt accumulation and sustainability relative to gross domestic product (GDP) in Ghana’s economy have been a major concern to a cross-section of citizens, economic, and financial analysts in recent years.
The debt-to-GDP ratios recorded by Ghana in recent years are as follows: 2012 = 35.58%; 2013 = 43.22%; 2014 =...