SEC to introduce crowdfunding, manufacturing sector to lead economic revival and more

SEC to introduce crowdfunding, manufacturing sector to lead economic revival and more

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Aviation Ministry dismisses reports of sale of Kotoka Int’l Airport

The Ministry of Aviation has denied reports of a sale of the Kotoka International Airport.

It explained that the airport continues to remain a Ghanaian facility and therefore urged Ghanaians to dismiss such rumours.

The sector minister, Joseph Kofi Adda, however, explained that plans are in place to improve delivery of service and expand facilities there.

He added that the decisions are being deliberated upon in consultation with stakeholders such as the Ghana Airports Company Limited (GACL).

READ ALSO: COVID-19: Experts predicts possible rise in output of crude oil

COVID-19: Legon’s Professor Peter Quartey calls for slowly opened borders

The Director of the Institute of Social, Statistical and Economic Research at the University of Ghana, Professor Peter Quartey, has called for a careful reopening of Ghana’s borders.

According to him, the process must be done slowly and cautiously so that the coronavirus does not pose a threat to health and life.

He added that he agrees it is necessary to reopen the borders in order to revive economic activities, but it is essential that safety protocols are adhered to.

SEC hints of plans of introducing crowdfunding in Ghana

The Security and Exchange Commission (SEC) of Ghana has hinted of plans for introducing crowdfunding in Ghana. understands that it is possible the regulator of Ghana’s capital market would establish a framework for the start of the programme.

Information available shows that despite setbacks present due to the outbreak of the coronavirus, everything could be ready by 2021.

Per a report by, the plan is to make the package attractive to micro, small and medium-sized enterprises (MSMEs) in the country.

COVID-19: Manufacturing sector to lead economic revival - Gov’t

The Ministry of Trade and Industry has selected the manufacturing sector through which Ghana would experience an economic revival.

Robert Ahomka-Lindsay, a deputy minister, noted that the outbreak of the coronavirus gives Ghana a unique opportunity to pursue an industrialization agenda.

He explained that measures are in place to propel innovative strategies in the sector.

He added that there is an urgent need to ensure that Ghana exports less raw materials and imports less of finished goods.


200 horticulture exporters lose $1.6 m to COVID-19

Ghanaian vegetable and fruit exporters are unable to send consignments to their buyers in Europe and other international markets due to lack of demand arising from the COVID-19 pandemic.

The situation has led to the exporters losing their produce estimated at $1.6 million along the value chain.

The produce ranges from okro, pepper (chillies), pineapple, banana, citrus to mangoes.

According to the Vegetable Producers and Exporters Association of Ghana (VEPEAG) about 200 vegetable and fruit exporters had so far lost a minimum of $1.6 million to post-harvest losses (PHL) from March this year when most foreign countries implemented restrictions on human movement (lockdown).

READ ALSO: Registrar-General drops new dates for filing of annual returns by companies

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