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Ghana-Northern Region Trade Fair 2017 launched

The Northern Region Office of Ministry of Trade and Industry (MoTI) is to organize the Northern Trade Fair 2017 to showcase emerging opportunities in the region for business to take advantage of. The event, scheduled for October 10 to October 14, 2017 is expected to bring together over 500 entrepreneurs, craftsmen, manufacturers, producers, service providers amongst other stakeholders to market their wares. It is being organized by MoTI in partnership with Universal Marketing Consultancy Limited and Dansyn Ghana Limited on the theme: “Harnessing the Emerging Business Opportunities in the North for Economic Development through Trade and Commerce.” Alhaji Alhassan Issahaku, Northern Regional Coordinating Director, who launched the event in Tamale on Wednesday, said “the region has a lot of potentials which businesses can exploit and we are positioning the private sector to take advantage and grow their business.” He said the fair formed part of efforts to repositi...
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International Monetary Fund (IMF), Ghana programme extended by a year

The International Monetary Fund (IMF) has extended Ghana’s program with the Fund. The extension will see Ghana end the program in April 2019 instead of April 2018. President Akufo-Addo during his maiden encounter with senior journalists at the Flagstaff House recently stated that government will not extend the programme after it ends on December 2018. However discussions between government officials and that of the fund in Washington yesterday led to an approval for an extension which was requested for by Ghana. The disbursement of 94.2 million dollars was also approved making it the fourth disbursement under the extended credit facility program.   A total disbursement under the arrangement is about US$565.2 million with the remainder to be disbursed after other reviews. The Board of the Fund also approved Ghana’s request for waivers of non-observance of performance criteria, and modification of one performance criterion; and the extension of the arrangement by one ...
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International Financial Reporting Standards (IFRS),Current List of International Accounting Standards

List of International Accounting Standards  The International Accounting Standards Board (IASB) develops the International Financial Reporting Standards (IFRS’s). Before 2003, the standards issued were known as International Accounting Standards (IAS’s). In 2003, IFRS 1 was issued and since then, all the new standards are now called IFRS’s. There are currently 28 IAS’s and 16 IFRS’s in issue.              IFRS Ø   IFRS 1: First-time Adoption of International Financial Reporting Standards Ø   IFRS 2: Share-based Payment Ø   IFRS 3: Business Combinations Ø   IFRS 4: Insurance Contracts Ø   IFRS 5: Non-current Assets Held for Sale and Discontinued Operations Ø   IFRS 6: Exploration for the Evaluation of Mineral Assets   Ø   IFRS 7: Financial Instruments: Disclosures Ø   IFRS 8: Operating Segments   Ø   IFRS 9: Financial Instruments Ø   IFRS 10: Conso...
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