Business24 Newspaper 18th June, 2021

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FRIDAY JUNE 18, 2021

Genocide in Xinjiang an outright lie

Access to capital ranks high as inhibitor to doing business in Ghana See page 5

See page 7

BUSINESS24.COM.GH

NO. B24 / 210 | NEWS FOR BUSINESS LEADERS

FRIDAY MONDAY JUNE MAY 18,3,2021 2021

Private universities overburdened by affiliation system—report By Benson Afful

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affulbenson@gmail.com

hana’s economic growth in the first three months of the year fell to 3.1 percent yearon-year compared to 4.9 percent in the same period last year.

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rivate universities continue to pay hefty affiliation fees to their mentor universities, Business24 analysis of a report by the Ghana Tertiary Education Commission (GTEC), the regulator of tertiary education in the country, has shown. The affiliation system is a relationship agreement between a newly established tertiary institution and a chartered tertiary institution. Cont’d on page 2

Q1 GDP shows slowing postpandemic recovery

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Yaw Osei Adutwum, Education Minister

BoG to buy domestic gold to shore up reserves

By Nii Annerquaye Abbey abbeykwei@gmail.com

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he Bank of Ghana (BoG) has commenced buying gold from domestic producers in a move to diversify the central bank’s foreign reserves. Speaking at the launch of the BoG Gold Purchase Programme, Dr. Ernest Addison, Governor, stated that the central bank is targeting to double its gold reserves over the next five years. With Ghana being one of the lead producers of the yellow metal in Africa,

United Nations Capital Development Fund to deepen financial inclusion in Ashanti, Western regions By Henry Martinson

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rianna Gasparri, Financial Inclusion Specialist at the United Nations Capital Development Fund (UNCDF), has said his outfit is partnering with Zeepay, an indigenous fintech, to bring Cont’d on page 5

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