Skip to main content

Investment Times Newspaper 2023 Edition | Issue 37

Page 1

Taking the Leap: How to Turn Your Business Idea into a Registered Entity in Ghana By: Prince Kojo Tabiri ESQ

4

Tuesday 11 Apirl 2023 Issue No.37

A N EW THINKING

Central bank advises borrowers not to pay hidden fees on loans The central bank has advised the borrowing public not to pay fees and charges on loans that were not disclosed to them prior to the signing of the agreement. The central bank said such charges were null and void and must not be bore by borrowers.

The BoG said borrowers that pay such amounts were entitled to refunds. They could also lodge complaints at BoG against their lending institutions for redress, the central bank said in the notice issued by its Secretary,

2

Vodafone Ghana introduces exclusive special holiday offers for customers 3

Daniel Larbi-Tieku appointed as Enterprise Group CEO Ghana’s inflation to average 16percent next year, Fitch predicts 16.0percent in 2024, Fitch Solutions has projected. to average 37.6% in 2023, higher than the 31.5% recorded in 2022. “As such, we believe that policymakers will remain focused on

Atuabo Gas processing maintenance works completed

controlling price growth in the near term as they aim for a more before concluding the tightening cycle” it stated in its latest assessment of Ghana. It said under an expected International Monetary Fund (IMF) pro-

3

2

Will new trade policies leave the developing world behind? By Dani Rodrik

2

Developing countries are increasingly worried that the United States will turn its back on the multilateral trade regime. Amid rising geopolitical tensions, policymakers in lower- and middle-income countries fear that a breakdown of that regime could make them hostages to great-power politics, undermining their economic prospects. Their concerns are not groundless: US trade policies over the past few years. What

seemed like a series of haphazard measures under former President Donald Trump – sanctions on Chiegy under current President Joe Biden. This strategy, which aims to reconstitute America’s role in the global economy, embodies two imperatives. First, the US now regards China as its main geopolitical rival and views its technological ascendance as a national-security threat. As the adminisvanced chips and chip-making equipment to Chinational trade and investment to thwart China’s ambitions. Moreover, it expects other countries to do the same. 4


Turn static files into dynamic content formats.

Create a flipbook
Investment Times Newspaper 2023 Edition | Issue 37 by Investment Times - Issuu