Tag Archive for: Ghana

Sisipho Ntsabo
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Ghana Selected as Manufacturing Hub for COVID-19 Vaccines in Africa

Ghana has been selected as the manufacturing hub for COVID-19 vaccines in Africa and has also been excluded from the European Union’s list of money laundering nations.

A statement was issued by the Jubilee House, Ghana’s presidential palace following a recent meeting in Belgium with Ghanaian President Nana Addo Dankwa Akufo-Addo and Vice President of the European Commission, Valdis Dombrovskis. According to the European Commission, the Government of Ghana has taken remarkable initiatives towards the domestic manufacturing of vaccines.

Ghana was the first country in the world to receive COVID-19 vaccines through the COVAX Facility and began its first phase of mass vaccination earlier this year. Ghana has administered over 900 000 doses, projecting to vaccinate 20 million people by the end of the year. Taskforce teams elected from the European Union (EU) and Ghana will convene to discuss the approach in the realisation of this initiative that the European Investment Bank (EIB) could be supporting.

The European Commission has also announced the decision to remove Ghana from the AntiMoney Laundering and Terrorism Financing deficiency list. “The European Union acknowledged the efforts Ghana has made in implementing the action plan of the International Country Risk Guide (ICRG) in record time. The Commission, thus, congratulated Ghana for the reforms embarked on, as well as the sustainable, robust systems deployed towards being taken off the list” the release added.

Ghana will be a great destination for investment and we are proud to offer services for Immigration and Relocation services into Accra, Ghana. Please contact us for further information.

Andrew Stegmann
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Ghana’s Central Bank Shuts Door on Lending Government More Money

Bank of Ghana Governor Ernest Addison ruled out providing more loans to the government to help narrow the budget shortfall, saying it would put exchange-rate stability at risk.

The central bank shelved its zero-financing policy this year to lend the government 10 billion cedis ($1.7 billion) to help mitigate the impact of the coronavirus pandemic on the West African economy. Ghana’s budget deficit is projected to reach 11.4% of gross domestic product by the end of December, against an initial target of 4.7% of GDP.

“The wide fiscal gap raises important financing issues,” Addison said in a speech late Thursday, in the capital, Accra. “Its financing should not be by recourse to central bank funds, as this will weaken the central bank’s ability to serve as the anchor of monetary- and exchange-rate stability.”

The cedi has had its most stable spell in more than a decade this year, weakening 2.6% to the U.S. dollar. That’s even as the global health crisis drove Ghana’s ratio of debt to gross domestic product to 71% in September, the highest in four years.

“Going forward, difficult decisions will have to be taken to reorganize public finances and expenditure priorities, while exploring more sustainable revenue sources,” Addison said.

 

For information as to how Relocation Africa can help you with your Mobility, Immigration, Research, Remuneration, and Expat Tax needs, email info@relocationafrica.com, or call us on +27 21 763 4240.

Sources: [1], [2]. Image sources: [1], [2].

Andrew Stegmann
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Relocation Africa’s Ghanaian Immigration Interview: November 2020

Our Immigration Lead, Lynn Mackenzie, recently had the pleasure of speaking to Paa, our Ghanaian immigration partner, about Ghana’s current immigration landscape.

To listen to Lynn and Paa’s conversation about immigration in the current context, click here to view the recording, or view it below.

We would like to say a huge thank you to Paa for his insights. We hope you enjoy the recording.

 

For information as to how Relocation Africa can help you with your Mobility, Immigration, Research, Remuneration, and Expat Tax needs, email info@relocationafrica.com, or call us on +27 21 763 4240.

Sources: [1], [2]. Image sources: [1], [2].

 

Andrew Stegmann
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Ghana Reopens Borders to International Commercial Flights September 1st

This information was provided to us courtesy of Globetrotters Legal.
The government of Ghana announced August 30, 2020, that the country’s airspace will be opened to international commercial flights effective September 1, 2020.

Travelers must take note of the following protocols and the attached for further information.

  1. A negative COVID-19 PCR test result obtained 72 hours before arrival from an accredited laboratory in the country of origin is required;
  2. Compulsory wearing of face masks for passengers;
  3. Mandatory COVID-19 test at the airport terminal, at a fee to be borne by the passenger (should not exceed GH 500). The test result will be available within thirty (30) minutes;
  4. Testing at the airport not required of children under the age of five (5);
  5. Passengers, who test positive for COVID-19, will be handled by the health authorities for further clinical assessment and management;
  6. Passengers, who test negative, can enter Ghana to go about their lawful activities and will be advised to continue to observe COVID-19 safety precautions during their stay in Ghana; and
  7. Departing passengers will be required to take A PCR test 72 hours prior to departure and present a negative result to port health officials for verification before being allowed to complete departure formalities;

Ghanaian land and sea borders will continue to remain closed to human traffic until further notice.

 

For information as to how Relocation Africa can help you with your Mobility, Immigration, Research, Remuneration, and Expat Tax needs, email info@relocationafrica.com, or call us on +27 21 763 4240.

Sources: [1], [2]. Image sources: [1], [2].