9 banks could be insolvent from impact of domestic debt exchange – Report

17-03-2023

If the International Financial Reporting Standard (IFRS) 9 is applied in a stricter sense, nine banks could be insolvent from the impact of the Domestic Debt Exchange Programme on their operations.

However, six banks may not experience any capital losses, while eight banks may experience mild capital losses.

According to a paper by banking consultants, Dr. Richmond Atuahene and K B Frimpong, the impact of a domestic debt exchange on 23 banks’ balance sheets and their ability to provide credit to the economy could be significant as the banks are holding about 37% of government securities.   

These losses could be due to a combination of coupon or interest rate reduction, and maturity extension with below-market coupon rates.

“From the data, the capacity of the banking sector to absorb losses is lower not where it is well capitalised to absorb the estimated losses from the debt exchange programme. Ghanaian banks will not be able to absorb losses without having to resort to a recapitalization from the government, or resorting the shareholders and banks for recapitalization quickly to mitigate the risk of bank failure and also protect the stability of the entire banking system and the economy”, it said.

Below is the research

ANALYSING THE DOMESTIC DEBT EXCHANGE PROGRAMME AND FAIR VALUE ACCOUNTING IMPACT ON LOCAL BANKS’ SOLVENCY

(DR RICHMOND A. ATUAHENE AND K.B. FRIMPONG FCCA)

1.0 BACKGROUND

The Ministry of Finance invited on December 5, 2022 holders of 60 old domestic debts to voluntarily exchange ¢137.3 (US$14.3) billion domestic bonds and notes including E.S.L.A and Daakye Bonds, for a package of twelve new eligible domestic bonds. Under the debt swap or exchange announced on December 5, 2022, local holders including domestic banks, Bank of Ghana, Firms and Institutions, Retail and Individuals, Insurance Companies, Foreign Investors, Rural and Community Banks and SSNIT were to exchange ¢137.3 billion (US$14.3) worth of 60 eligible domestic bonds for 12 new eligible bonds maturing between 2027 to 2038.

Under the initial offer for bondholders with bonds maturing in 2023, the government promised four new bonds that were expected to mature in 2027, 2029, 2032 and 2037 with zero coupon rate in 2023, 5% coupon rate in 2024 and 10% coupon rate in 2025, which would continue till the maturity of last bonds in 2037. Initially, the Ministry of Finance stated that debt the exchange programme would affect local banks, Bank of Ghana, Firms and Institutions, Foreign Investors, Insurance Companies, Pension Funds, Rural and Community Banks and SSNIT but excluding Retail and Individual Bondholders. The debt exchange programme was extended to December 30, 2022 because could not achieve the 100% voluntary participation. After fierce resistance from trade unions about the inclusion of pension funds in the domestic debt exchange programme and for the lack of enough voluntary participation, the government announced the extension of the voluntary participation in the programme to January 16, 2023 with following modifications:

• Offering accrued and unpaid interest on eligible bonds and a cash tender fee payment to holders of eligible bonds maturing in 2023.
• Increasing the new bonds offered by adding new instruments to the composition of the new bonds for a total of 12 new domestic bonds, one maturing each year starting January 2027 and ending January 2038.
• Modifying the exchange consideration ratios for each new bond. The exchange consideration ratio applicable to eligible bonds maturing in 2023 will be different other from other eligible bonds.
• Setting a non-binding target minimum level of overall participation of 80% of the aggregate principal amount outstanding of eligible bonds.
• Expanding the types of investors that can participate in the exchange to include individual investor.

On January 16, 2023, the government extended the deadline for the domestic debt exchange programme to January 31, 2023, after another resistance by some creditor group particularly individual investors whom the government promised not to include in the programme.

The government made some modifications including:

• Offering accrued and unpaid interest on eligible bonds and a cash tender fee payment as a carrot to holders of eligible bonds maturing in 2023.
• (ii) Increasing the new bonds offered by adding eight new bonds to the composition of the new bonds, for a total of 12 new bonds, one maturing each year starting in January, 2027 and ending January 2038. The third extension of deadline for domestic debt exchange programme from  January 31, 2023 to February 7, 2023, for voluntary participation and also as the final deadline for institutions and individuals to sign up to domestic debt exchange programme. The government has made offer which includes the exchange of new bonds with a maximum maturity of five years instead of original 15 years and a 10% coupon rate to individual bondholders below the age of 59 years to encourage them to participate in the domestic debt exchange programme. Additionally, all retirees including those retiring in 2023 will be offered bonds with a maximum maturity of 5 years instead of 15 years and a 15% coupon rate per annum.

 Subsequent extensions of dates and payment maturities meant that the remaining stock was reduced from ¢137.3 billion to ¢130 billion. However, the eligible bonds as per memorandum meant an exclusion of pension funds and bonds that were subject to swap mechanisms for monetary and exchange rate policy operations. This then brought the eligible bonds tendering to ¢97.75 billion. Out of the total eligible bonds for tendering, ¢83 billion ($ 6.7 billion) was successfully tendered-accounting for about 85% of outstanding eligible amounts and meeting the target 80% as expressed in the memorandum of the exchange.

Nevertheless, the ¢87 billion (64%) that were successfully tendered represent only 60% of the original outstanding debt stock of ¢137.3 billion. The strategy employed by the Government of Ghana to achieve full participation for the GDX was aggressive. Although there was some financial sector consultation on expanding the range of instrument offering prior to crafting the exchange, the debt transaction offer was unilateral with a ‘take‐it‐or‐leave‐it’ approach.

With voluntary participation of only 64% (GH¢87 billion, not underpinned by strong fiscal consolidation, it will not necessary to reverse the adverse fiscal dynamics and reduce the debt overhang that has plagued Ghana for the four years and it will be difficult to achieve Debt to GDP ratio of 55% in 2028.

2. DATA ANALYSIS USING THE NPV OF LOCAL BANKS HOLDING OF GOVERNMENT BONDS AND NOTES.

According to Ministry of Finance (2022), the total government bond and domestic notes value of ¢137.3 billion with the local banks allocated ¢50.6 billion (37%); Firms and Institutions, ¢34.73 billion (25.3%), retail and individuals, ¢22.3 billion (13.9%), Foreign investors, ¢14.83 billion (10.8%); Bank of Ghana, ¢13.73 billion (10%); Rural and Community banks, ¢1.92 billion (1.04%); Insurance companies, ¢1.2 billion (0.09%) and SSNIT ¢55million (0.04%) excluding Pension funds ¢7.69 billion (5.6%) and Treasury bills valued at approximately ¢26.25 billion. 

From our data analysis showed that the impact of losses on bank balance sheets had been significant because government securities comprised a large share of bank assets. Any loss in value of government debt exposures had led to capital losses in financial institutions unless these have already been absorbed by provisioning and Mark-to-Market (MTM) accounting which for past years most banks were not applying the MTM. 

These recent losses could be due to a combination of coupon or interest rate reduction, and maturity extension with below-market coupon rates of 19.3%. The capacity of the banking sector to absorb losses had been lower, as the banking sector capitalization only to place three years ago. When banks are able to absorb losses without having to resort to a recapitalization from the government, the fiscal consolidation and/or burden-sharing by other creditors required to restore debt sustainability would be smaller

From our data analysis using the Net Present Value of the government bondholding of ¢50.6 billion (37%) of the total bonds, then the private sector could face severe challenges in the area of provision of new credit and extension of existing credit as a result of liquidity and solvency crisis in the banking sector. The impact of a domestic debt exchange on 23 banks’ balance sheets (and their ability to provide credit to the economy) could be significant as the Ghanaian domestic banks are holding about 37% of government securities.   

Any loss in value of government debt exposures will lead to regulatory capital impairment in banking institutions at the time of the restructuring unless these have already been absorbed by loan-loss provisioning and mark-to-market accounting which was never applied prior to the restructuring. Such reduction in the value of government debt portfolio could be due to any changes to the original contractual value of the debt security, such as coupon reduction from 19.3% to a weighted coupon rate of 9%, and maturity extension from 5 years to 15 years.

From the existing discount rate of 19.3 % with 5-year maturity period to the weighted average coupon rate of 9% new bonds with extended maturity period of 15 years, our data analysis showed estimated losses using Net Present Value of ¢41,315,326,692 would impact negatively on 23 banks’ solvency. For example, Bank B with bond holdings of ¢9,106,452,000, it is estimated that with discount rate of 19.3% using weighted coupon rate of 9% NPV estimated losses resulted in ¢7,435.494,850 from the total shareholders’ equity of ¢2,853,177,000 (December 2021), thus giving the negative net worth of GHC4,452,317,850 making the bank insolvent.

If the IFRS 9 is applied in stricter sense nine banks could be insolvent. From the data analysis only last six banks, R.S.T.U.V and W may not experience any capital losses while eight banks may experience mild capital losses. These losses could be due to a combination of coupon or interest rate reduction, and maturity extension with below-market coupon rates. From the data, the capacity of the banking sector to absorb losses are lower not where it is well capitalized to absorb the estimated losses from the debt exchange program.

Ghanaian banks will not be able to absorb losses without having to resort to a recapitalization from the government, or resorting the shareholders and banks for recapitalization quickly to mitigate the risk of bank failure and also protect the stability of the entire banking system and the economy. Capital shortfalls are more likely to emerge for a tail of weak banks like A, B, E, D, G, J, K and few others because of their higher share of exposure to government domestic debt relative to their capital.

With the estimated losses using the NPV of banks holding of government bonds, the domestic debt exchange could also have a negative impact on the capital adequacy ratio of banks. The conversion of short-term debt into long-term had increased the risk-weighted assets of the banks which could reduce their capital adequacy ratio. This could lead to decline in the financial stability of local banks and increase the risk of bank failures.

The decline in capital adequacy ratio would lead to a reduction in the overall financial stability of the sector. Though the Bank of Ghana as part of the domestic debt restructuring, announced a regulatory forbearance for banks, it is very important for shareholders and board of directors for banks to take steps to mitigate the negative impact of domestic debt exchange programme exercise on their capital in the balance sheets as their corresponding banks may not recognize the Bank of Ghana’s regulatory forbearance.

TABLE 1

3.0 SOLVENCY GAP FOR 23 BANKS

.

3. THE IMPACT OF DDEP ACCOUNTING LOSSES UNDER IFRS 9 AND MARK TO MARKET VALUATION ON BANKS’ SOLVENCY.

The recent domestic debt exchange programme of unprecedented size and dire consequences is a major concern throughout today’s society, from the popular press to policy-makers, some politicians and academics in the country. A systemic banking crisis will occur as many as nine local banks in the country are in serious solvency problems at the same time because there are all hit by the domestic debt exchange program estimated losses using the NPV of their holding of government bonds and notes so the near collapse of prestigious banking institutions such as nine  banks will be followed by the near paralysis of the banking sector with its negative consequences for the real economy, makes the past crisis a singular point in the series of modern crises and unquestionably qualifies it as the most severe one since independence of the country’s in 1957.

The uniqueness of the crisis has prompted efforts to identify its determinants and the solutions to cope with it. The crisis is frequently attributed to the bursting of the Ghana’s bond market bubble bust but such a complex event definitely presents a multidimensional profile as well as poor and lax risk management on the part of the banking fraternity. The recent domestic debt exchange program has led to a major debate about fair-value accounting. Many critics have argued that fair-value accounting, often also called mark-to-market accounting, could significantlycontributed to the banking insolvency or, at least, exacerbated its severity. In this section, we assess these arguments and examine the role of fair-value accounting in the banking insolvency using descriptive data and its empirical evidence.

Based on our data analysis, it is unlikely that fair-value accounting added to the severity of the domestic debt crisis in a major way but it could be due to poor risk management practices within the banking sector as well as regulatory capture and failure. While there may have been downward spirals or asset-fire sales in bond markets, we find evidence that these effects are the result of fair-value accounting. We also find support for claims that fair-value accounting leads to prudent excessive write-downs of banks’ assets which could impact negatively on banks’ solvency.

If anything, empirical evidence to date points in the opposite direction, that is, towards poor reporting, valuation and classification of government bonds and notes in the previous comprehensive financial position.  Considering the estimated losses using the NPV of 23 local bank holding of government bonds and notes is about of ¢41,315,326,692 which could make nine banks insolvent while the other local banks would experience mild losses on both Capital adequacy ratio (CRD) and Common equity tier 1 (CET 1) ratio. The estimated losses would impact negatively on the statement of financial position and statement of profit or loss and other comprehensive income

In its pure form, fair-value accounting involves reporting assets and liabilities on its pure form, fair-value accounting involves reporting assets and liabilities on the balance sheet at fair value and recognizing changes in fair value as on the balance sheet at fair value and recognizing changes in fair value as
gains and losses in the income statement. When market prices are used to determine fair value, fair-value accounting is also called mark-to-market account-determine fair value.

Some critics argue that fair-value accounting exacerbated the severity of the 2023 of domestic debt restructuring. The most commonly suggested and most plausible mechanism through which fair-value accounting could contribute to a domestic debt exchange program involves the link between accounting and bank capital regulation. The application of IFRS 9 standard requires the assets or equity interests received or surrendered by the debtor or the creditor are to be measured at fair value. The resulting losses shall be recognized in profit or loss of the local banks.

Under the fair value impairment under IFRS 9 issued and debt restructuring losses were transferred to the capital reserve under the financial position. The accounting treatment of the valuation changes arising from Ghana debt exchange would be a result of International Financial Report Standard 9 (IFRS 9), the treatment of financial assets is broadly classified as either measured at Fair Value or at Amortized cost. Fair value accounting recognizes a significant portion of the potential loss incurred before Ghana’s debt exchange event materializes.

Where market valuation reflects sovereign debt distress, early recognition of expected losses enhances the loss-absorbing capacity of banks in the event of a debt restructuring as much of the impairment will already be reflected in the banks’ balance sheet. IFRS 9 requires timely recognition of impairment losses on banks’ balance sheet. Securities held in the “fair value through profit or loss” (FVTPL) portfolio follow mark-to-market (MTM) valuation, and price movements directly affect regulatory capital through the profit and loss statement. For securities held in the “fair value through other comprehensive income” (FVTOCI) portfolio, realized gains or losses are also reflected in bank capital in the same way, but any unrealized gains or losses are accounted for as “other comprehensive income” (OCI).

Although amortized cost securities are not affected by changes in market price any expected credit loss will be accounted in the loan loss reserves. On banking sector outcomes, available indicators appear to suggest that the effects of domestic debt exchange operation overall could be unmanageable considering NPV estimated losses of the 23 banking institutions would impact negatively on regulatory capital. Under the IFRS 9 or mark-to-market, accounting can cause write-downs and regulatory capital problems for otherwise sound banks. If these banks were to write down its assets to these distorted prices and, as a result, the bank’s regulatory capital could be depleted, the write-distorted prices and, as a result, the banks’ regulatory capital could be depleted.

The Central bank has recently attributed the decline in the industry’s capital adequacy ratio from 19% to 16.6% in December 2022 as the results of losses to mark to market investments, an increase in risk in risk weighted assets and the depreciation of cedi on foreign currency denominated loans but the estimated losses using of the NPV of local banks holdings could be negatively significant.  From the data analysis, we found that the estimated losses using the NPV of banking sector holding of government bonds and other notes could cause the depletion of regulatory capital adequacy ratios, followed critically by liquidity crunch, and decline in banks’ earnings and profitability, customers’ deposits run-down, and deterioration of quality of banks’ risk assets and reduction of banking activities in the area of lending to private sector and SME businesses.

4. Conclusion

Many have called for a suspension or substantial reform of fair-value accounting because it is perceived to have contributed to the severity of the recent domestic debt restructuring. From data analysis, nine banks could be insolvent, while six banks would be solvent and eight banks would experience mild capital losses as a result of domestic debt exchange as well as the application of IFRS 9.

Based on our analysis and the evidence in the literature, we have little reason to believe that fair-value accounting contributed to Ghanaian banks’ problems in the domestic debt crisis in any major way but it was as a result of weak and poor risk management in the banking sector as well as regulatory failure in compliance with the of Banks and Specialized Deposit Taking Act 2016 Act 930 (Section 62 (1) on limit on financial exposures.

Fair values play only a major role for banks’ income statements and regulatory capital ratios, except for a few banks with large trading positions. For these banks, investors would have worried about too much exposures in government bonds and notes, and made their own judgments, even in the absence of fair-value disclosures and weak risk management practices in the banking industry.

In summary, we believe that the claim that fair-value accounting exacerbated the crisis is largely unfounded but it was due to weak and poor in risk management practices in the banking sector as well as regulatory failures on the part of Bank of Ghana. This implies that the case for loosening the existing fair-value accounting rules is weak.  Nevertheless, our conclusions have to be interpreted cautiously and should not be construed as advocating an extension of fair-value accounting, it a call for improvement risk management practices in the banking sector as well as improvement in the regulatory framework   

We need more research to understand the effects of fair-value accounting in government bonds and notes to guide efforts to reform the rules. One issue is that fair-value accounting loses many of its desirable properties when prices from active markets are no longer available and hence models have to be used, which in turn makes it very difficult to determine and verify fair values. Thus, it is certainly possible that fair-value accounting rules and the details of their implementation could be further improved.

However, standard setters face many thorny tradeoffs, several of which we discuss in greater detail in Laux and Leuz (2009). First, relaxing the rules or giving management more flexibility to avoid potential problems of fair-value accounting in times of crisis also opens the door for manipulation and can decrease the reliability of the accounting information at a critical time.

One read of the empirical evidence on bank accounting during the domestic debt restructuring is that investors believed that banks used accounting discretion to overstate the value of their assets substantially. The resulting lack of transparency and poor regulatory oversight about banks’ solvency could be a bigger problem in crises than potential contagion effects from a stricter implementation of fair-value accounting.

Second, even if (stricter) fair-value accounting were to contribute to downward spirals and contagion, these negative effects in times of crisis have to be weighed against the positive effects of timely loss recognition. When banks are forced to write down the value of assets as losses occur, they have incentives to take prompt corrective action and to limit imprudent lending in the first place, which ultimately reduces the severity of a crisis.

A central lesson of the 2017 -2018 Ghanaian banking crisis is that when regulators hold back from requiring financial institutions to confront their losses, the losses can rapidly become much larger. For the same reason, it is problematic if accounting rules are relaxed or suspended whenever a financial crisis arises because banks can reasonably anticipate such changes, which diminishes their incentives to minimize risks in the first place.

If the goal is to dampen pro-cyclicality, it may be more appropriate to loosen regulatory capital constraints in a crisis than to modify the accounting standards, as the latter could hurt transparency and market discipline

5. RECOMMENDATION

A policy strategy to eliminate shortfalls in bank capital has to be carefully designed to ensure financial stability while limiting fiscal risks, which is particularly difficult during a debt restructuring. Shortly after the domestic debt restructuring, Bank of Ghana should require viable banks that are likely to need recapitalization to develop a credible plan to restore compliance with capital requirements and buffers over a reasonable period of time, with close supervisory oversight of the implementation of these plans.

In some jurisdiction like Greece, public sector recapitalization or other state support for banks may be considered as a last resort to maintain financial stability and avoid disruption to the real economy, but this may offset part of the debt relief targeted through the domestic debt exchange. If this is the case, additional debt relief may need to be obtained from the sovereign’s other liabilities.

Leveraging a well-designed framework for bank resolution, resolution funding, and deposit insurance could help mitigate risks to financial stability, but contagion risks tend to be higher in debt restructuring cases where credible public sector.

1. Guarantees and funding backstops may not be available.

ii. Bank of Ghana must identify gaps in crisis management and bank resolution frameworks should be identified prior to the domestic debt exchange program. Gaps in early intervention, resolution, deposit insurance, and central bank liquidity assistance for which Bank of Ghana in the process of establishing Financial Stability Support Fund as well as the coordination arrangements among these elements should be addressed before the Domestic Debt Restructuring. Standard financial safety net components need to be supported by adequate contingency planning for each stage. Where prospects of private sector funding are weak and orderly resolution is unlikely to be feasible, further attention will need to be given to the design of schemes for the potential provision of public solvency support, including the forms of such support, safeguards to minimize moral hazard, and governance arrangements for the management of the public sector’s interest

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• New Year's Cocktail 2023
• US$100m lost yearly to corruption at ports
• First Cruyff Court in Sub-Saharan Africa built by Cargill and Cruyff Foundation
• Star Beer shines with Asanteman, begins production in Kumasi again
• Child Labour report: We’ll take on Al Jazeera – COCOBOD
• Forex bureau buys Euro at GHS 12.70 and US$ at GHS 12.10
• Poultry industry woes deepen
• Covid-19 Update, 3rd February, 2023
• New Year's Cocktail Happening Tonight at 5:30PM
• Government should cut expenditure - IEA prescribes reduced spending on free SHS, National Cathedral
•  Nog enkel dagen registratiemogelijkheid historische verkiezingen - registreer uiterlijk 31 januari
• First-ever tax appeals board constituted
• DUTCH EXPORT ACADEMY (DEA) Application Closed!!
• COCOBOD default further dampens investor confidence
• KLM Air France Branded Fares in economy class
• Forex bureau buys Euro at GHS 12.55 and US$ at GHS 12.30
• Covid-19 Update, 27th January, 2023
• GNBCC's  New Year Cocktail at the Dutch Ambassador's Residence
• Youth in Food Matchmaking event
• Utility tariffs up Feb. 1 - 29.96% for electricity, 8.3% for water
• Member Invoices have been sent
• Worrying times ahead for local agric production; as donor support hits 40% of total expenditure
• Forex bureau buys Euro at GHS 12.70 and US$ at GHS 12.45
• 56 vessels grounded under Ghana's new IUU fishing measures - Hawa Koomson
• Covid-19 Update, 20th January,2023
• New travel Covid guidelines by Kotoka International Airport (KIA)
• Consumer inflation ends 2022 at 54.1%
• A Capability Statement from  Witteveen & Bos-a GNBCC Member
• Unaccounted gold export: Ghana lost $1.1b in 2 years
• Forex bureau buys Euro at GHS 12.50 and US$ at GHS 12.20
• Ghana to pay more for IMF bailout
• Covid-19 Update, 13th January,2023
• Merry X-Mas & Happy New Year !!
• Interview with Bernice Aikins, Sales Lead of Portside (Ghana)
• Ghana, IMF negotiations: Deal reached
• Invitation to Ahaspora Event
• GNBCC’s  Business Breakfast for  Premium Members
• Introducing KKGO-a GNBCC Member
• Connecting More People To Better Healthcare Through Digital Innovations-Pharmaccess Foundation
•  Inflation pulls surprise with biggest jump since Jan 2003
• Forex bureau buys Euro at GHS 9.00 and US$ at GHS 8.50
• CediManager- bringing Ghana’s Capital Market to your fingertips
• 80% poultry ventures fold up — Association
• GNBCC And MDF West Africa Present Fourth Edition Of Dutch Export Academy (DEA)
• Interview with Dr. Maxwell A. Antwi, Country Director of PharmAccess
• Successful End of Year Cocktail Hosted by Dutch & Co
• Drama in Parliament - Censure motion botched, Majority abandons Minority, Afori-Atta continues as Finance Minister.
• Adonai Shipping Fits The New World Order In International Trade
• Special Webinar Event Invitation: The Debt Armageddon – Lessons from Sri Lanka and Ghana
•  Illegal fishing, overfishing and corruption threaten livelihood  -report
• PwC 2023 Budget Digest Report
• The comprehensive and innovative pension package for all.
• Covid-19 Update, 9th December, 2022
• 7th West Africa agrofood & plastprintpack international trade fair opens in Accra
• Dutch & Co's End of Year Cocktail  
• Reform Value Added Tax : PwC urges govt
• West Africa Agrofood Fair 2022 openings speech General Manager GNBCC
• Gold for oil barter policy raises more questions – CSOs
• A Brief Introduction about Consolidated Shipping Agencies Limited (CONSHIP)
• DOORBRAAK! – Nieuwe wetgeving nationaliteitsrecht in de maak
• November Tema Cocktail sponsored by Agrona & Comexas 
•  Member Invite for Agrofood Fair West Africa 
• Invitation to Graduation Ceremony-Maxim Nyansa
• GNBCC Tema Cocktail Hosted By Agrona & Comexas
• Bank of Ghana won’t fund rice, poultry imports again
•  7th  West Africa agrofood: 29th of November until the 1st of December 
• Censure motion: Minister counters proponents Friday as 7 grounds laid for removal
• Ntrakwah & Co, ORC host Users’ Forum on Companies Act
• Introducing GNBCC’s New Office Manager, Mrs. Naana Biney Ohemeng
• A Brief Profile about Ghana Textiles (VLISCO)
• Invitation To Cocktail And Closing Ceremony Of The New Business Challenge (NBC)
•  7th  West Africa agrofood: 29-11 until 01-12
• Cedi’s weakness pushes October inflation above 40%
• Investcorp Market Review: 7th November, 2022
• New Dutch Honorary Consul for  Sierra Leone appointed
• Congratulations to our winners in the GSABC-GNBCC Cocktail raffle !!!
• Introducing iCare from People's Pension Trust (PPT)  
• CediManager-Bringing Ghana's Capital Market to your finger tips
• Investcorp Market Review: 3rd November, 2022
• Interview with Aedo van der Weij from Cargill
•  Thank You ! Pictures & Video of joint event with GSABC 20-10-2022
•  7th  West Africa agrofood: 29-11 until 01-12
• KPMG Pre-Budget Survey - 2023
• Forex bureau buys Euro at GHS 13,00 and US$ at GHS 13,15
• Investcorp Market Review: 27th Ocober,2022
• GSABC and GNBCC's Members celebrate for the 5th time 
•  7th  West Africa agrofood: 29-11 until 01-12
• Special Promotion Star Draught Beer to GNBCC Membership
• Doorbraak! Wij mogen óók op 15 maart 2023 stemmen voor de Eerste Kamer!
•  IMF negotiations will enhance investor confidence – GIPC boss
• GNBCC announcement on Visa applications for business travel to the Netherlands
• Covid-19 Update, 20th October, 2022
• Investcorp Market Review: 20th Ocober,2022
• GNBCC & GSABC JOINT COCKTAIL ON 20TH OCTOBER, 2022
•  7th  West Africa agrofood: 29-11 until 01-12
• On offer Yaw Pare's beautiful book: Remnants of a haunted past: Forts and Castles of Ghana
• GNBCC announcement on Visa applications for business travel to the Netherlands
• Covid-19 Update, 14th October, 2022
• Investcorp Market Review: 13th Ocober,2022
• GNBCC & GSABC JOINT COCKTAIL ON 20TH OCTOBER, 2022
• GNBCC announcement on Visa applications for business travel to the Netherlands
• The Netherlands committed to support Ghana’s agric sector - Deputy Ambassador to Ghana
• Dream Deals/Rendezvous Campaign 
• Special Promotion Star Draught Beer to GNBCC Membership
• Fitch Downgrades Ghana to 'CC'
• Forex bureau buys Euro at GHS 10,44 and US$ at GHS 10,80
• Investcorp Market Review: 7th Ocober,2022
• GNBCC Cocktail 29-9-22 hosted by Maxim Nyansa 
• Interview with Hugo Visscher, General Manager for Koudijs 
• GNBCC & GSABC JOINT COCKTAIL ON 20TH OCTOBER, 2022
• Special Promotion Star Draught Beer to GNBCC Membership
• Thought leadership launch | Assume nothing, verify everything
• Dubbele nationaliteit: discussieavond met Tweede Kamerleden a.s maandag. Aanmelden mogelijk!
•  Ghana's Debt Restructuring Options for an IMF Deal
• Investcorp Market Review: 30th September,2022
• GNBCC COCKTAIL HOSTED BY MAXIM NYANSA IT SOLUTIONS
• Interview with Sebastian Barroso da Fonseca from Access Bank
• GNBCC & GSABC JOINT COCKTAIL ON 20TH OCTOBER, 2022
• On offer Yaw Pare's beautiful book: Remnants of a haunted past: Forts and Castles of Ghana
• Investcorp Market Review: 23rd September,2022
• GNBCC COCKTAIL HOSTED BY MAXIM NYANSA IT SOLUTIONS
• Interview with Mr. Mohamed Samara, CEO of Meridian Port Services
• GNBCC & GSABC JOINT COCKTAIL ON 20TH OCTOBER, 2022
• Introducing New GNBCC Business Member: SYECOMP Ghana Ltd
• On offer Yaw Pare's beautiful book: Remnants of a haunted past: Forts and Castles of Ghana
• Dubbele nationaliteit: discussieavond met Tweede Kamerleden maandag 3 oktober
•  5-year jail term awaits defiance against VAT
• Investcorp Market Review: 16th September,2022
• GNBCC starts Youth in Agribusiness project with Ghana Food Movement (GFM)
• Business conditions deteriorate sharply in August
• Survey: Status Review of Commercial Court Operations in Ghana
• Vivo Energy Ghana Donates Fuel to Support Security Operations in the Ashanti Region
• A/R: Registered SIM cards blocked from making calls – Angry residents
• Formation of GNBCC Growth Network Community
• Customs Staff Association accuses GRA of intimidation after querying executive who appeared on JoyNews
• On offer Yaw Pare's beautiful book: Remnants of a haunted past: Forts and Castles of Ghana
• Existing COVID-19 guidelines at KIA revised effective September 1
• Vlisco commits €7.3m to environmental, social issues
• Covid-19 Update, 2nd September, 2022
• Interview with Ms. Nene Barry, Former Board Member of GNBCC  and Managing Director at Witteveen+Bos
• OSP halts auctions by Customs - Demands particulars on sold goods
• Introducing New GNBCC Business Member, Agricultural Resource Corps Ltd
• Deteriorating economic conditions to impact imports – Fitch
• Investment Opportunity – A Wastewater Treatment Plant And Compost Plant In Nsawam, Ghana
• Poultry Africa 2022
• KLM -Air France Discounts 
• Access MBA event in Accra, 1^st September 
• Investcorp Market Review: 26th August,2022
• Ghana, an oft-lauded African economy, is back for a 17th bail-out
• KLM -Air France Discounts 
• Labianca case: OSP expands investigations with exercise covering 2017 to 2021
• Vivo Energy Ghana Renovates St Peter’s Primary School Block to Facilitate Quality Education
• Access MBA event in Accra, 1^st September 
• A Retrospective Art Exhibition by Kwabena Adomako Gyedu
• Investcorp Market Review: 18th August,2022
• Interview with Robert Quartey and Aurelie Bocquet from Comexas
• Fitch further downgrades Ghana to ‘CCC’
• A Retrospective Art Exhibition by Kwabena Adomako Gyedu
• Special Prosecutor recovers over ¢1m from Council of State member’s company in import duties shortfall
• What IMF needs to do for Ghana?
• Investcorp Market Review: 11th August,2022
• A Retrospective Art Exhibition by Kwabena Adomako Gyedu
• Netherlands to phase out development aid to Ghana, 3 others
• IMF deal should promote agric, industrial transformation – Prof. Quartey
• Low productivity a serious challenge – GEA
• Covid-19 Update, 5th August, 2022
• Investcorp Market Review: 1st August,2022
• Formation Of Ghana-Netherlands Agribusiness Community And Learning Platform
• GISE2022
• Ghanaian businesses to visit Hague to discuss business opportunities
• July 31st SIM registration deadline: Communications Ministry to consult key stakeholders for crucial decision
• Corruption bedevilling entire economic spectrum – Akufo-Addo
• Help deal with floods - Asokwa MCE appeals to academia
• ECG begins meter audit Monday
• Covid-19 Update, 29th July, 2022
• Investcorp Market Review: 29th July,2022
• Interview with Mr. Imoro Sulemana CEO of African Tiger
• Formation Of Ghana-Netherlands Agribusiness Community And Learning Platform
• About ¢5bn in bribes paid in both private and public sectors in 2021 – GSS
• GISE2022
• Clock ticking on sustainability of the environment – speech by Dutch ambassador & other experts
• Inbound travellers to be issued visa on arrival; as e-visa agenda still in limbo
• Understand customer needs intuitively to develop empathy and earn their loyalty
• High Court halts payment on gas supplies to Eni, Vitol
• BoG report: Banks lose GH¢ 61m to fraud, 53% Of cases involve staff
• Covid-19 Update, 22nd July, 2022
• Investcorp Market Review: 21st July,2022
• Interview with Shirley Tony Kum from Vivo
• Historic Cascade of Defaults Is Coming for Emerging Markets
• Welcome to new GNBCC Board Members 
• Reduce ministers to 19; Kyei-Mensah-Bonsu advocates
• Goodbye and Thank You for 4 years of Board Membership !
•  IMF team concludes visit to Ghana
• I arrived in Ghana at age 16 to get married – Maria Vanderpuye
•  Lack of infrastructure to blame for failures 
• Covid-19 Update, 14th July, 2022
• Investcorp Market Review: 14th July,2022
• NBC 2021 end with a bang
• Ghana, IMF begin talks on enhanced Domestic Programme
• AGM GNBCC 14-07-2022 
•  Participate in UKGCC 2022 Business Climate Survey
• Special Prosecutor Sits On Massive Tax Evasion Petition …Against La Bianca Frozen Foods; As Tema Port Boils
• Essential food imports hit US$2bn annually
• Aanvaard & Volbracht! De grondwet wordt gewijzigd!
• Flood control drains: Audit report reveals abnormalities
• Beggars in city: Civic responsibility vs religious obligation
• Covid-19 Update, 8th July, 2022
• AGM GNBCC 14-07-2022 
• MPS donates medical equipment to Korle-Bu Teaching Hospital
• IMF: To go or not to go? - Experts support move, private sector divided
• GISE2022
• Sierra Leone's SLNBCC Newsletter, June edition, 2022
• State capture?
• Announcement Concerning Members Who Have Not Paid Their Membership Fee 2022
• Only 5% of local MSMEs export – study
• Covid-19 Update, 1st July, 2022
• Investcorp Market Review: 1st July, 2022
• Road accidents claim 1,140 lives in 5 months
• Study in Support of Investment Facilitation between the EU and African Countries
• Not so favourite airline
• Ghanaian economy grew by 3.3% in first quarter of 2022
• KPMG's 2022 Banking Industry Customer Experience Survey
• Visit & Explore The Netherlands (advert) 
•  SNBN Nieuwsbrief: De proef op de som: gereisd via Schiphol
• Producer Price Inflation rises to 33.5 per cent in May
• Covid-19 Update, 24th June, 2022
• Investcorp Market Review: 22nd June,2022
• Cocktail sponsored by KLM @ GNBCC Garden
•  New Business Challenge 2021 Final & Cocktail 
• Implement a policy for foreign firms to keep part of profit here for 3 years – PEF boss to BoG
• Proposition Hable One to GNBCC Members
• Most businesses not investor ready
• VP Bawumia Launches Bank-Wide Mobile Money Service, Ghanapay
• Covid-19 Update, 17th June, 2022
•  New Business Challenge 2021 Final & Cocktail 
• Transport hikes push inflation to 27.6% in May
•  Invitation for GNBCC Members to Surfline's Cyber Threat Workshop 
• Gov’t still eyeing 8% inflation target despite recent surges – John Kumah
• Hortifresh Close Out Event
• US$10m Buipe Sheanut Factory Grounded for 2 years- Baskin Africa discloses
• Covid-19 Update, 10th June, 2022
• Investcorp Market Review: 9th June,2022
• GNBCC Cocktail 16th of June sponsored by KLM Royal Dutch Airlines
• New Premium Member Remkes - The Poultry Family 
•  Invitation for GNBCC Members to Surfline's Cyber Threat Workshop 
• Akufo-Addo has released ¢25m for National Cathedral while Ghanaians are suffering – Ablakwa alleges 
• Handelsmissie duurzame landbouw Ivoorkust en deelname SARA 2022
• MDAs responsible for GH¢13bn loss in 5yrs – Imani report
• Sierra Leone's SLNBCC's Newsletter, MAY edition, 2022
• Fitch ranks Ghana most attractive West African trade and investment destination
• Covid-19 Update, 3rd June, 2022
• Investcorp Market Review: 2nd June,2022
•  Member Feature: Interview with Mees van Ojik of KLM Air France
• Growing through capital
• Focus on Africa’s interest: President charges states, financial institutions
• EU-West Africa Business forum 16-17 June Abidjan
• Floodwater destroys documents at Lands Commission
• Waarschuwing over Schiphol | Stemmen voor 1e Kamer | Nederlanderschaproulette
• Corruption is a problem of law and leadership – Prof. Stephen Adei
• Corruption  Forestry Commission: Special Prosecutor investigates Sir John’s estate
• Parliament is broke, Finance Ministry is not releasing funds to us - Speaker Bagbin
• Investcorp Market Review: 27th May,2022
• Interview with Martin Lossie from Surfline Communications
• Growth target remains doubtful with rising inflation – Fitch
• Study in Support of Investment Facilitation between the EU and African Countries
• Deepen trade within Africa - Akufo-Addo challenges business leaders
• INVITATION TO REPORT LAUNCH: 2020 IMANI FISCAL RECKLESSNESS INDEX
• CEO summit pushes for ease of doing business law
• GNBCC announcement of VFS & Visa applications
•  State could lose billions collaterilising mineral royalties – CSOs
• Covid-19 Update, 20th May, 2022
• Investcorp Market Review: 19th May,2022
• GNBCC MEMBER INTERVIEW with Gerrit and Maurice Valkenburg, founders of Cluster Farming Holding Ltd
• Africa Works! 2022- looking for Ghana delegation Members!
• Adonai Shipping ready to play key role in Ghana’s logistics sector
• GNBCC announcement of VFS & Visa applications
• UK Ghana Chamber Business Climate Survey
• Duty payments do not attract E-levy – GRA
• ISSER calls for E-Levy rate reduction
•  GIPC awaits cabinet approval to review
• Covid-19 Update, 13th May, 2022
• Investcorp Market Review - 13th May, 2022
• Africa Works! 2022- looking for Ghana delegation Members!
• Cargill expands sustainable access to safe water to Western North Region
• Customs Management and Taxation in Ghana
• Fitch revises fiscal deficit forecast downward to 9.1%
• Advertising offer in the special 'Netherlands edition' of The Africa Report
• Longer queues, more withdrawals at banks, ATMs
• Invitation to Investor Aftercare Roundtable
•  Customs Official debunks claims of unclear auction process
• Covid-19 Update, 6th May, 2022
• Investcorp Market Review - 5th May, 2022
• Africa Works! 2022- looking for Ghana delegation Members!
• Democracy is good; let's uphold it—President
• NBC Preparation Workshop: ready to go!
• Advertising offer in the special 'Netherlands edition' of The Africa Report
• Sierra Leone's  SLNBCC Newsletter, APRIL edition, 2022
• GSABC RAINBOW NATIONS CHALLENGE | TENNIS TOURNAMENT
• EJF maintains 90% of industrial fishing vessels operating illegally 
• Please  join Africa's top decision makers
• King Days's Specials in Business24 and B&FT
• SNBN webinars 
• Covid-19 Update 29th April, 2022
• Investcorp Market Review - 28th April, 2022.
• Economy grows 5.4% in 2021; hits GH¢460bn in value
• Optimising your VAT compliance status - practical considerations
• Going to IMF will benefit economy – EIU
• 14,586 Rent cases settled last year
• Covid-19 Update 21st April, 2022
• Investcorp Market Review - 21st April, 2022.
• Happy Easter !
• Introducing New GNBCC Premium Member : Royal Smilde Foods
• KIng's Day Celebration 2022: offer for GNBCC Members to advertise off and online 
• Ghana's Inflation hits highest since August 2009
• GIPC builds consensus on capital restrictions on foreign investors
• ECG loses GH¢3.2 billion to power theft—Energy Minister
• Covid-19 Update 14th April, 2022
• Investcorp Market Review - 14th April, 2022.
• Interview with Abena Ntrakwah-Mensah, Partner at Ntrakwah & Co
• Introduction of new GNBCC Member: Thomassen Energy
• New Local Content list Mining Services published
•  Board Appointment GM Dutch & Co for AGI WG Solar 
• Come let's tour The Netherlands in 6 days
• Final African Policy Dialogue,Ghana (APD) Held 
• We’re building new economy - Dr Bawumia
•  Dutch Export Academy - Trip to The Netherlands
• Covid-19 Update 8th April, 2022
• Investcorp Market Review
• GNBCC Digitalization Study - Dutch-Ghana Business Community
• Ghanaian lawmakers have finally approved the e-levy bill that caused a fight among them in December
• New GNBCC Member: CEADS Global Consult Ltd
• Tex Styles MD speaks on recent industrial unrest
• Here are all the transactions that fall under e-levy
• LNBCC NEWSLETTER MARCH 2022
• Nieuwbrief Stichting Nederlanders buiten Nederland (SNBN)
• Sierra Leone's SLNBCC's Newsletter, March edition, 2022
• Full speech: Akufo-Addo’s State of the Nation Address 2022
• Announcement on GNBCC Newsletter 
• Covid-19 Update 1st April, 2022
• Investcorp Market Review
• Ghana-Netherlands Political Consultations: A pact to deepen bilateral ties, enhance economic development
• Ministry of Finance Press Statement on Economy 24-03-2022 by Ken Ofori-Atta, Hon Minister of Finance.
• GNBCC Digitalization Study - Dutch-Ghana Business Community
• Debt-to-GDP crosses dreaded 80% mark
• Invitation APD-GH:Final Policy Brief on Youth Employment in Ghana
• Invitation: IMANI-GIZ Reform Dialogue
•  Local content rakes in US$1 billion annually – Lands Minister
• Covid-19 Update 25th March, 2022
• Investcorp Market Review
• Diaspora Questionnaire
• Introducing New Premium Member: Surfline Communications Limited
• Cedi to fall 20% over next 12 months – RMB Markets
• Peoples Pension Trust partners SCBF to introduce new pension scheme to support women
• Ghana: A Nation of Tax Thieves?
• Demolition of Bulgarian Embassy in Accra an aggressively mindless attack – Ablakwa
• Covid-19 Update 18th March, 2022
• Investcorp Market Review
• Inflation hits 15.7% high amid global turbulences
• Invitation APD-GH:Final Policy Brief on Youth Employment in Ghana
• PFJ fertiliser subsidy slashed to 15%
• Cashew Safari Saturday 12th of March !
• Ghana Has Attractive Opportunities – Akufo-Addo To Investors In Dubai
• NABC's Going Beyond Diversity: Building Inclusive Business Models
• Covid-19 Update 11th March, 2022
• Investcorp Market Review
• Hunt down big tax offenders - A-G tasks EOCO
• Invitation APD-GH:Final Policy Brief on Youth Employment in Ghana
•  Introducing New GNBCC Member Adonai Shipping
•  Newsletter of Sierra Leone's SLNBCC, February edition, 2022
• Cashew Safari Saturday 12th of March !
• AGI rues disappointing benchmark values’ decision
•  Air France/KLM March Promotion
• Only 20% gained from US$31bn petroleum revenue in 10yrs
• Covid-19 Update 4th  March, 2022
• Investcorp Market Review
• Thursday's Cocktail @ Portside Tema
• Introducing New GNBCC Small Enterprise Member: Koinonia Travel and Tours
• GRA outlines 8 strategies to boost tax revenue collection
• Introducing Africa Connect providing financial solutions
• Uncertainty discouraging investment into local rice industry
• Gov’t to roll out six major expenditure cut measures
• Covid-19 Update 25th February, 2022
• Investcorp Market Review
• GNBCC Tema Cocktail Hosted By Portside
• Introducing New GNBCC Premium Member - Cluster Farming Holding
• EU launches reset with AU after pandemic disruption
• The Energy Year - Interview Herbert Friese Dutch & Co on Renewable Power Generation
• Introducing New GNBCC Business Member- Hygiene Shine Services Limited
• GSABC Rainbow Nations Challenge | Tennis Tournament
• Invitation to participate in Dubai Expo 2020 Ghana Delegation on Technology and Digital Economy
•  Producer inflation peaks at 15.6% in January
• Vivo Energy Ghana Celebrates Valentine’s Day with Akropong School for the Blind
• SNBN pleit voor opheffing testverplichting reizen | Webinar Eerste Kamer
• Weak manufacturing sector will affect  gains in AfCFTA-– World Bank
• Postponement - APD Final Policy Makers & Stakeholder Meeting 
• Covid-19 Update 18th February, 2022
• Investcorp Market Review 
• GNBCC Tema Cocktail Hosted By Portside
• INVITATION APD-GH : Final Policy Brief on Youth Employment in Ghana
• Govt has no intention to seek IMF bailout - Ofori-Atta
• KLM and Air France Presents: DREAM DEALS
•  Rent and Transport prices push inflation up to 13.9%
• Invitation to Africa Tax Policy Conference: 18th February, 2022
• Turf war at sea…as canoe fishers fight industrial trawlers over territorial intrusions
• GIPC Invest Ghana  
• Covid-19 Update 11th February, 2022
• Investcorp Market Review - 11th February,2022.
• GNBCC Tema Cocktail Hosted By Portside
• Introducing Yaw Pare's beautiful book: REMNANTS OF A HAUNTED PAST: Forts and Castles of Ghana
• Presenting the new GNBCC 2022 Team
• “O! But This Is Ghana!”
•  International Fertilizer Development Centre (IFDC) Open Door
• Applications for the Orange Corners Acceleration Programme open
• KLM Presents: DREAM DEALS
• 10-Year study on corruption prevalence: Unregulated party financing to blame
• SLNBCC's first Newsletter, January edition, 2022
•  US$540m Lost in 6years Through Undervaluation of Cocoa
• Covid-19 Update 4th February, 2022
• Investcorp Market Review - 4th February,2022.
• 1^st New Year Virtual Event Together With The Royal Netherlands Embassy
• Labianca’s Supplier Wegdam Food Link in Haaksbergen raided by Dutch Authorities after suspicion of fraud
• NABC Magazine edition 2022 has been launched 
• Ghana Economic Outlook 2022 
• Zero progress made in corruption fight within past year- Transparency International
• Suspension of benchmark policy: 300,000 rice farmers to lose livelihood?
• Highlights debat ‘Staat van het Consulaire’
• Licensed fishing vessels unmasked as illegal Chinese fronts
• Covid-19 Update 28th of January 2022
• Investcorp Market Review - 28 January 2022.
• GNBCC in the new year 
• JobnetAfrica visits Ghana
• MPS terminal 3 breaks the all-time productivity record on MSC Ivana
• Benchmark value indecisions: Expect more companies to collapse – CIMAG
• E-levy to come back at same rate of 1.75% – Ofori-Atta
• Fitch downgrades economy over debt concerns
• World Bank warns of difficulty in accessing external financing
• Economic fundamental strong - Finance Ministry
• GRA Suspends Benchmark Value Reversal Until Further Notice
• SLNBCC Latest Issue Of  SLNBCC Newsletter, December 2021 Edition (Issue 47)
• Ghana Inflation Accelerating To 12.6% Pressures Central Bank
• NABC & Hortifresh Sourcing Mission To Ghana And Côte D’ivoire
• Benchmark Value Indecisions: Jobs, Domestic Output, Revenue Risk Deteriorating – AGI Warns
• Pwc Tax Alert - Quick Fix To Avoid A VAT Assessment
• Covid-19 Update 14th of January 2022
• Investcorp Market Review - 14 January 2022.
• GNBCC’s  Business Breakfast for  Premium Members
• Merry X-Mas & Happy New Year !!
• VIVO ENERGY GHANA inducted into hall of fame for excellence in corporate social social responsibility
• Ghana secures €82.5m EU concessional loan
• Taste of Ghana 2.0 
• Mandatory vaccination kicks off at KIA - Over 100 travellers jabbed
• Regeerakkoord: erkenning problemen nationaliteitswetgeving - echte verandering onzeker
• COVID-19: It's not right time to re-open land borders - Akufo-Addo
• Covid-19 Update 17th of December 2021
• Investcorp Market Review - 16 December 2021.
• GHS reviews Covid-19 protocols for international travellers
• Vivo Energy Turns Ten 
• High tariffs, cost of credit top business concerns in first half – IEA survey
• ECOWAS reopens land borders Jan. 1
• Government to lessen impact of E-levy on consumers by 0.25% –
  Ofori-Atta
• Tot en met 14 december kun je bieden op talloze items tijdens de wereldwijde fundraiser.
• E-Levy won’t significantly expand tax base – Deloitte
• Cargill commissions $13m cocoa processing plant expansion
• E-Levy rate is punitive, must be reviewed to 0.5% — ISSER
• SNV partners YEA for Job Fair in the Western Region
• Free Zones enterprises record US$1bn export revenue in half-year
• Ghana the safest country in West Africa to invest in - Akufo-Addo
• Embrace Tax Measures - Finance Minister Appeals To Ghanaians
• IMANI-GIZ Reform Dialogue On Corruption And The Business Climate
• 2022 Post Budget Forum -KPMG
• Budget 2022: Planned domestic borrowing will starve local businesses of credit – PwC warns
• E-Levy Will Burden Consumers With Triple Taxation- IEA
• AGI Welcomes Benchmark Values Reversal
• Onheilspellende Berichten Over Dubbele Nationaliteit
• Yesterday's Tema Cocktail
• Check Out 16 Key Highlights Of The 2022 Budget Statement
• Internal Audit Agency Saves GH¢387m - Vice President
• You’re Invited To Join Our Pwc 2022 Budget Digest Virtual Event
• Invitation to 2022 KPMG Post-Budget Forum - 22 November 2021
• Ghana’s Climate Change Strategy Attracts World Attention
• Vlisco Ghana Appoints New Managing Director
• Vivo Energy Ghana Appoints Kader Maiga As Managing Director
• Covid-19 Update 12th November, 2021
• Investcorp Market Review - 19th November, 2021.
• GNBCC Tema Cocktail Hosted By Agrona & Comexas
• Interview with Hélène Weesie, MD of Guinness Ghana
• Policy Rate Projected To Reach 14% As Inflation Hits Pandemic Levels
• GUTA advises against new taxes in 2022 budget
• Tax Evasion & Digitization Of The Ghanaian Economy
• AGI Calls For Review Of Counterproductive Benchmark Value Policy
• Covid-19 Update 12th November, 2021
• Investcorp Market Review - 12th November, 2021.
• GNBCC Tema Cocktail Hosted By Agrona & Comexas
• SLNBCC Latest Issue Of  SLNBCC Newsletter, October 2021 Edition (Issue 45)
• Focus on Efficiency in Collection, Not New Taxes – ISSER
• 2021 AgriWestAfrica_Newsletter 
• Expand Tax Coverage: Dr Ali-Nakyea Tells Gov't at Graphic/Stanbic Forum
• Minority to Summon Ofori-Atta Over GH¢827 Million ‘Missing’ Oil Cash
• Covid-19 Update 5th November, 2021
• Investcorp Market Review - 5th November, 2021.
• GNBCC Tema Cocktail Hosted By Agrona & Comexas
• Fruit, Vegetable Fair Opens In Accra
• LNBCC Newsletter: October 2021
• Border Harassment Remains Rife Despite ECOWAS Trade Protocols – GNCCI
• Trade Minister Lists Measures For Job Creation At Local Government Level
• TOR in desperate need of new direction – report
• Vivo Energy Demonstrates How Being Competent And Prepared Results In A Safer Workplace
• Is Solidarity A Good Thing?
• Covid-19 Update 29th October, 2021
• Investcorp Market Review - 29th October, 2021.
• GNBCC & Royal Netherlands Embassy Sign Contract
• New Board Members And New Chair GNBCC
• Annual Joint Cocktail Event at the French Ambassador’s Residence
• GDP Expected To Grow By 4.3% By Year-End – Standard Bank
• Invitation To Commissioning Of 4th New Berth
• Join Our Plantain & Cocoa Food Safari
• Inefficiencies, Power-theft Still Hampering Energy Debt Recovery – Energy Consultant
• Wereldwijde 5 December Fondsenwervingsactie Voor Nederlanders Buiten Nederland
• Air France Wins Skytrax Award
• Discussions On LGBTQ+ Bill: Tolerate Opposing Views
• Covid-19 Update 22nd October, 2021
• Investcorp Market Review - 22nd October, 2021.
• Annual Joint Cocktail Event at the French Ambassador’s Residence
• PPT Emerges as One of Two Winners For Women’s World Banking’s 3rd Annual Fintech Innovation Challenge
• NBC Summer School Ends on a High Note!  
• GSA Commits to Improve Ease of Doing Business
• Vivo Energy Ghana Remains Resolute in Offering Customers a Reliable Supply Fuels and Lubricants 
•  TOR Staff Interdicted for Allegedly Stealing ¢10.4m Worth of Cables
• Air France Unveils its First Airbus A220-300
• Over 75 Solar Firms Face Collapse--Five Relocate to Other Countries
• Covid-19 Update 15th October, 2021
• Investcorp Market Review - 15th October, 2021.
• GNBCC, CCIFG, GSABC Joint Networking Cocktail 
• Businesses’ confidence declines over economic challenges
• Advertisement: Peoples Pension Trust
• Call Up Yepafrica Ghana
• Here Are Africa's Top 10 Countries Which Owe China
• SNBN Oktober Nieuwsbrief
• Debate on LGBTIQ+: Parliament's agenda set- 2 Groups in tango over bill
• Covid-19 Update 8th October, 2021
• Investcorp Market Review - 08th October, 2021.
• Interview with Adelaide Benneh Prempeh - GNBCC's Outgoing Board Chair 
• GNBCC, CCIFG, GSABC Joint Networking Cocktail 
• Electricity Access now 86% but Cost Remains a Concern
• Ecobank, People's Pension target workers, especially the underserved with a digital pension product
• It's High Time Ghana Increases our 'Cheap' Road Toll - Inusah Fuseini
• SNBN Brandbrief Corona Toegang (in Dutch)
• SLNBCC Latest Issue Of  SLNBCC Newsletter, September 2021 Edition (Issue 44)
• Trade Ministry establishes joint taskforce to resolve Ghana-Nigeria retail trade impasse
• Covid-19 Update 1st October, 2021
• Investcorp Market Review - 30th September, 2021.
• GNBCC, CCIFG, GSABC Joint Networking Cocktail 
• African Policy Dialogue Expert Forums Come To An End
• Ghana 2021 Population Census Figures: Ghana New Census Show Population Hit 30.8 Million
• World Of Health Care Event
• External Review Finds Deeper Rot In World Bank 'Doing Business' Rankings
• We Shouldn’t Use COVID-19 Vaccine As Immigration Control Tool – Nana Addo To World Leaders
• Covid-19 Update 24th September, 2021
• Investcorp Market Review - 24th September, 2021.
• Yesterday’s Franco Dutch Cocktail
• Services Rebound Sees Economy Grow 3.9% In Q2
• Past GIPC Spark Up Conference 2021
• Tax Evasion By Professionals Cause Of Poor Domestic Revenue
• Ghana: Freight Rates for Cocoa Shipment Up By 5 Percent
• KLM Blocks Ghanaian Couple from Travelling over Meat Protest
• Covid-19 Update 17th September, 2021
• Investcorp Market Review - 17th September, 2021.
• Franco - Dutch Cocktail - Thursday, 16th of September
• Invitation for GNBCC Members: Private Sector Driven Solutions for Youth Employment in Ghana
• Invitation And Registration - Virtual B2B Matchmaking Event Ghana
• President refunds salary increment- Directs Executive Office Holders To Do Same
• Delays At Checkpoints Contributing To Post-Harvest Losses, High Cost Of Food
• Ghana Expected To Generate US$3 Billion From FDIs in 2021 – Yofi Grant
• Covid-19 Update 10th September, 2021
• Investcorp Market Review - 10th September, 2021.
• Fiscal Economy in Difficult State; Government Poor in Revenue Collection – IFS
• New Business Challenge off to a Great Start
• Amend Laws to Compel Informal Sector to Pay Tax – Tax Expert
• SLNBCC Latest Issue Of  SLNBCC Newsletter, August 2021 Edition (Issue 43)
• Reduce Cost of Electricity to Boost Business Growth - AGI
• GIPC Spark Up Event 2021
• PwC Let us talk about PIWA
• Covid-19 Update 3rd September, 2021
• Investcorp Market Review - 3rd September, 2021.
• APD Ghana Announcement 
• Banking Sector Fraud Hit GH¢1bn
• Randi.Africa Financial Forum
• Tax Revenue: Find Simpler Ways To Encourage Informal Sector – Dr Bawumia To GRA
• Omega Risk Review Ghana Report 
• Access AfCFTA Through Ghana
• Ignore Calls to Sack Tema Shipyard CEO - Workers To Akufo-Addo
• Covid-19 Update 27th August 2021
• Investcorp Market Review - 27th August, 2021.
• My Commitment To Fighting Corruption Is Steadfast – Akufo-Addo
• InvestCorp mutual funds post positive performance despite pandemic
• US$36m Meter Procurement Fraud Casts Dark Clouds Over Power Sector
• 2021 Tax Facts And Figures Publication - PwC
• Experts Back Call For Introduction Of Tax Exemption Repository
• Oproep Aan Rutte En Kaag: Help Ons Nederlander Blijven (In Dutch)
• Covid-19 Update 20th August 2021
• Investcorp Market Review - 20th August, 2021.
• Member Feature: Dick van Nieuwenhuyzen ( KLM Country Manager - Ghana And GNBCC Board Member)
• Youth employment workshop in Tamale
• Tap Potential Of Northern Regions — Indian High Commissioner
• Yyoga - Outdoors
• Notice Of Change Of Company Name
• GPHA Poised To Tighten Security At Port
• SNBC Newsletter Reizen & Corona, Update.. (In Dutch)
• Covid-19 Update 13th August 2021
• Investcorp Market Review - 13th August, 2021.
• Member Feature: Ambassador Ron Strikker ( Kingdom Of The Netherlands Embassy- Ghana)
• Business to Business Matchmaking Mission - KIngdom Of The Netherlands
• Ghana To Host Cocoa Initiative Secretariat - Signs Agreement With Cote D’Ivoire
• Let’s Collaborate To Promote Democracy - Angolan President Urges Ghanaians
• KIA Releases Revised Rules For Travellers Amidst Covid-19 Pandemic
• LNBCC Newsletter: July 2021
• Covid-19 Update 6th August 2021
• Investcorp Market Review - 6th August, 2021.
• France Now Recognises Covishield Vaccine As Proof Of Vaccination
• Gov’t Not Seeking Additional Funding For 2021 Expenditure
• Full Statement: 2021 Mid-Year Review Budget
• French Ambassador Outlines Investment Approach For Ghana
• Bringing You Closer To Nature - Adolins Ghana
• SLNBCC Latest Issue Of  SLNBCC Newsletter, July 2021 Edition (Issue 42)
• Covid-19 Update 30th July 2021
• Investcorp Market Review - 30th July, 2021
• France Says UK’s Indian-Made Vaccine Not Accepted Under Travel Rules
• The past Orange Ride, Cycle Down Carbon Event Report
• 6 Communities To Benefit From Cargill’s Educational Infrastructure Projects
• IMF Backs Bog To Keep Policy Rate Tight Over Inflation Scare
• Fairtrade Africa To Strengthen Its Producer Organisations. 
• Orchid Care Club: Adolins
• Covid-19 Update 23rd July 2021
• Investcorp Market Review - 23rd July, 2021
• Ambassador Of Kingdom Of The Netherlands Bids Farewell To Sierra Leone’s President Julius Maada Bio
• LED’s Go SOLAR–Scaling Up Renewable Energy & Energy Efficiency
•  US$13.3m car loan: Tax waiver for 275 MPs not the best decision - Government told
• Debts Owed Fertilizer Companies: PFJ Under Threat, Ken Ofori-Atta Named
• Nigeria And Ghana Negotiate Special Bilateral Framework To End Trade Disputes
• Special Offer Only To GNBCC Members => 10% Discount On GEA MEMBERSHIP
• Covid-19 Update 16th July 2021
• Investcorp Market Review - 16th July, 2021
• Pedal For A Green Future - The Orange Ride- Cycle Down Carbon
• Ofori-Atta Tables $28M Loan Agreement For MPs To Buy Cars
• Event Notice: Access To Affordable Energy To Support Economic Growth And Job Creation In Ghana
• Port Duties To Go Up As Customs Adjust Freight Rate
• Special Offer Only To GNBCC Members => 10% Discount On GEA MEMBERSHIP
• Poor Corporate Governance Root Of Corporate Failures – Bog Deputy Governor
• Investcorp Market Review - 9nd July, 2021
• COVID-19 Updates - 09/07/2021
• Last night’s Summer Cocktail
• New Premium Member: Guinness Ghana Breweries Plc (GGB Plc)
• EU ban lifting to boost FDIs – Ofori-Atta
• LNBCC Newsletter: June 2021
• EU-Ghana Economic Partnership Agreement Takes Off
• SLNBCC Latest Issue Of  SLNBCC Newsletter, June 2021 Edition (Issue 41)
• Guinness Ghana And Obaasima Climax ‘Progressive Portrayal Of Women’ Activities With High-Level Summit
• GNBCC Summer Cocktail
• Member Feature: PwC
• Government's Free Water Supply Ends June 30
• Announcement Concerning Members Who Have Not Yet Paid Their Membership Fee 2021
• Remittances To Ghana Shoots Up To $3.6bn In 2020
• Ghana Begins Sanofi, Sputnik Light COVID-19 Vaccine Phase 3 Trial In July
• Register for NABC's Poultry Disease Surveillance, Control and Monitoring Webinars!
• The Netherlands Ambassador Commends Graphic
• Return To Travel In Africa
• Tax Experts Express Worry Over VAT Underperformance
• NABC's Ghana Food Manufacturing Report
• ECOWAS Fears Insecurity In Region Could Derail Pandemic Recovery
• Corona en reizen: gesprek ministerie VWS, momenteel snelle veranderingen
• Private Sector Against Corruption Group (PSACG) meets with GRA
• Young Experts West-Africa Welcomed by B2B Matchmaking
• Cost Of Corruption And Over Regulation In The Business Registration Regime
• Challenges At Ussher Fort Museum Fixed, Open To Public
• Gov’t Earns US$1.16m In Royalties From Airport COVID-19 Test
• Police Intercept Truckload Of Stolen Rail Lines In Western Region
• Netherlands Embassy Joins Green Ghana Campaign
• KLM Is An Enduring Legacy Of Ghana Netherlands Relationship – Dutch Ambassador To Ghana
• Attention to all GNBCC Members
• GIPC Event Last Tuesday: Business Leaders Call For Speedy Formation Of Tax Appeals Board
• EU Warns Ghana Against Illegal Fishing
• Airlines Anticipate Easing Of COVID-19 Protocol For Vaccinated Passengers
• In Memoriam Georgios Tsopanakis
• NBC Alumini Reunion Dinner 
• Successful Implementation Of Afcfta Is Key – Bawumia
• Member Feature: Subo International
• Africa Business Week : Doing Business In Ghana
• US$6.5bn From Oil In 10yrs But Nothing To Show – PIAC, Csos
• New Member: FIncap Securities
• Vivo Energy: Ben Hassan Ouattara Receives CEO Of The Year Award For The Petroleum Sector At The 5th Ghana CEO Summit
• Don’t Expect Significant Drop In Debt-To-GDP Ratio – Vish Ashiagbor
• Corona & Travel: Urgent Letter To Dutch Government (In Dutch)
• Meet Young Experts
•  Africa Business Week 
• Ghana Food Movement & Jolinaiko Present Food Safari
• COVID-19 Vaccination Continues Wednesday; 360,000 To Receive Jabs
• Pharmaccess’ Dr Maxwell Antwi Appointed To UHC2030 Advisory Group
• Raise Revenue, Control Spending To Bring Debt Down – IMF To Gov’t
• No GIPC Transfer Agreement, No Repatriation Of Profit – Bog Directs
• Registration Open For New Business Challenge 2021 Edition
• Ensuring Inclusive And Equitable Education_Vivo Energy Ghana Renovates Brengo Presbyterian School
• Inflation Heads Back To Single Digit For April – Ghana Statistical Service
• PwC's Publication Launch - VAT In Africa 2021
• Air passenger traffic plunges 60% in 2020
• Allianz - Cyber Insurance Important To Guarantee Resilience – Darlington Munhuwani
• Comply With Trade Rules To Boost Investor Confidence – AfCFTA
• Gov’t Outlines 5 Major Interventions To Fix Economy
• EU Ambassador Visits Bunge Loders Croklaan’s Shea Processing Plant In Tema
• Ghana: 350,000 COVID-19 Second Doses Now In Accra
• Ghana Garden And Flower Movement And PUM Netherlands Senior Experts Collaborate
• Block Under-Invoicing & Valuation Loopholes At Ports For Locals To Thrive – AGI
• KPMG Tax Alert
• Match: Remote Recruitment From Nigeria And Senegal
• Special King's Day Message From The Ambassador Of The Netherlands To Ghana
• PIAC Alarmed At US$843m Power Utilities Debt To Ghana Gas  
• Allianz Insurance Launches ‘Insurance Matters’ To Engage Industry Experts, Businesses And Customers.
• Major Utility Tariff Review Imminent  
•  [Webinar] COVID-19 In Africa: Situation Update & Impact On Business Operations
• Prices of Goods And Services May Shoot Up From May 1
•  Implications of the Tax Policies per the 2021 Budget Statement Webinar Invite
• Increasing Utility Tariffs Will Collapse Private Businesses—GEA Warns
• Dutch & Co wins 2020 Solar Energy Award
• Resumption Of Trade In Poultry Products From The Netherlands, Germany, Russia, Denmark And UK - Announcement of MOFA
• Moody’s Keeps Economy’s Credit Outlook At B3 Negative
• Cargill to Begin Safe Water Access Project in Cocoa-Growing Communities
• Building a Business from Scratch: 5 Years Down the Road to Inclusive Pensions in Africa
• Dutch Abroad On Corona, Travel & Vaccinations An Update (In Dutch)
• Economy Expands Slightly By 0.4% In 2020
• Africa CDC says cannot predict when second COVID-19 shots will arrive
• PwC's 24th Annual Global CEO Survey
• Taxpayers don’t trust GRA – Afrobarometer report
• The last report of the Regional Security Office (RSO) Accra 
• Chinese: Beneficial owners of fishing trawlers - Research claims  
• Historical Interbank FX Rates: 15th April, 2021
• ECG Proposes Tariff Hike
•  Cargill Ghana Limited supports Citi FM’s Easter Orphan Project with GHS5,000
• IMF Lauds Government For Reducing Ministries
• Rising Cost Of Debt Requires All Hands-On-Deck Approach – World Bank
• New Member: KAN Chartered Accountants (KAN-CA)
• Ghana/Burkina Faso Railway Connectivity to Accelerate Sub-Region’s Economic Growth – Amewu
• New Member: AB Solar Africa
• Appreciation - GIPC 2021 Q1 'Ghana on The Go' CEOs' Breakfast Meeting
• ISSER Calls for Pegging Wage Increments with Productivity
• Internationalisation Monitor on Africa 2021 - Executive Summary
• A-G’s report: ‘Avoidable’ Penalties, Commitment Fees on Loans 'Swallowed' GH¢38 Million
• GNBCC-Researchlime New Partnership
• Reiss & Co Appoints Jeffrey Sowa As New Managing Director
• Shocking Auditor General’s Report Shows GH¢20 Billion Stolen From 2017-2019
• SLNBCC Newsletter - March 2021
• Jobnet Africa: Multiple Job Vacancies
• AfCFTA Is Country’s Best Bet To Fast-Track Economic Recovery – Trade Minister
• PwC 2021 Budget - Government COVID -19 Support
• Investor Readiness Webinar
• How did the Dutch residing abroad vote & Travel to the Netherlands During Corona (in Dutch)
• About US$23.7m Lost Yearly To Chinese-Owned Industrial Fishing Fleet   – Report
• COVID-19 Updates - 26/03/2021
• Investcorp Market Review - 26^th March, 2021
• Workshop Job Search Skills With JobnetAfrica: Four Essential Tools To Pursue Your Dream Job
• World Bank Projects Ghana's Public Debt to Hit 81.1 Percent of GDP in 2023
• NABC Webinar - #ChoosetoChallenge: Impact of COVID-19 on Female Leadership
• Africa Still Lags Behind In Trading Within Its Borders - ECA Report
• KPMG 2021 Post Budget Forum
• WARA & International SOS Live Webinar: "Empowering Health and Security Advice for Women in Ghana"
• New Exemptions to Dutch Travel Ban (in Dutch)
• 24% Of Labour Force Are Street-Workers – World Bank Report
• Member Feature: People's Pension Trust
• Open Letter to the Government of Ghana to Support Vaccine for Africa Initiative
• President Akufo-Addo Outlines Priority Projects For Aviation Sector
• Koudijs Complete Layer Feed Live Launch
• Ghana Is A Prime Destination For International Investors – UNDP Boss
• GIPC 4th Quarter 2020 Investment Report
• PwC Business School: The Whole Manager Programme
• Lift Ban On Dual Nationality, Impedes International Trade (In Dutch)
• Intensify Coronavirus Vaccination Campaign To Stimulate Business Growth – GRA Boss
• Ghana’s President Receives First Shot Of Historic COVAX Vaccine To Launch Vaccination Campaign
• New Career Platform (New Business Challenge) Hosts CV Writting Workshop
• LNBCC Newsletter- February 2021
• Ghana International Petroleum Conference 2021
• Unilateral Border Closures Dampen Investor Confidence In AfCFTA
• RvO Seminar on Opportunities in Waste and Circular Economy in Ghana & Nigeria (in Dutch)
• Reluctance To Take Vaccines Could Spike Up Another Wave In Africa – Report
• GNBCC Member Feature: Bekaert
• New Member: To Be Worldwide
• SLNBCC Newsletter - February 2021
• COVID-19 Vaccine Doses Shipped By The COVAX Facility Head To Ghana, Marking Beginning Of Global Rollout
•  Partnership Request : GCPSFund COVID-19 Vaccine Project
• GGEA Invitation To Ghana's Economic Outlook 2021 - Virtual Edition 
• Okyereko Junction: 3 Killed In Road Accident On Cape Coast-Accra Highway
• Member Feature: The Conship 25 Years Story
• Transparency Issues Stain World-Class COVID-19 Test Regime At KIA – Aviation Expert
• Virtual Event: 2020 Global Food Security Index Launch
• Ghana's Independence Day Celebrations Offer By Field Media & PR
• Hung Parliament Has Reduced Burden On Public Purse – Martin Kpebu
• NABC's Magazine: The 75 Year Anniversary Issue Out Now!
• Dutch Government Refuses To Amend Fast Test Policy For Travelers (In Dutch)
• Cuba To Transfer COVID-19 Vaccine Technology To Ghana
• Member Feature: Maridav Ghana Limited
• Shell Launches New Fuels Portfolio with Dynaflex Technology 
• EU Investors Seek Improvement In Regulatory Environment
• PwC Business School Virtual Masterclass on Tax Function Readiness
• Improving Security Onshore Will Impact On Maritime Investment – UNDP
• Freight Forwarders Want Gov’t Action On ‘Nuisance’ Charges
• Ghana To Get Over 2,4m Doses Of COVID-19 Vaccines By 2nd Quarter Of 2021
• Partnership: Emergent Payments and Multichoice
• KPMG: Thought Leadership on “The rise of Digital Immigrants” 
• AfCFTA Will Benefit Everyone, Not Just Mega-Businesses – Kasapreko MD
• Traveling To The Netherlands: What Are The Exact Rules ? (Article In Dutch)
• Public Officers Cited For Corruption To Be Referred To A-G, OSP
• New Career Platform Workshop: Pushing Your Brand with Design
• GNBCC New Year Cocktail Held Yesterday
• FDIs Won’t Make Continent Lose AfCFTA Benefits – EU Ambassador
• SLNBCC Newsletter - January 2021
• LNBCC Newsletter- January 2021
• Public Labs Directed Not To Charge Sick Patients For Covid-19 Tests
• People’s Pension Trust Is Newest Addition To The Draper Richards Kaplan Foundation Portfolio
• Antigen Rapid Test Information for KLM Flights to the Netherlands
• Voting Guidance for Dutch (in Dutch)
• Article on Mr Henri Wientjes from the Dutch National Newspaper: De Volkskrant (in Dutch)
• EU - Private Sector dialogue Meeting
• Post coronavirus: AfCFTA Commencement Vital for Economic Recovery – World Bank
• EU-UK AGREEMENT
• COVID-19: New Travel Measures per  23/01 (for the Dutch) 
• Alan Kyeremanten Best person for Trade Ministry as AfCFTA Kicks Off – GUTA
• Advertisement: Looking for Investors (Sweet Mother Eco Resort)
• WAPIC Insurance: Change Of Company Name
• Dutch Election Debate for Dutch Abroad : Wednesday 27th of January (in Dutch)
• Elections - Voting From Abroad (In Dutch)
• In Remembrance of Henri Wientjes
• Moody’s Forecasts 4% Growth Rate for Ghana in 2021
• Covid -19 Pandemic: Press Statement of Ghana Medical Association
• Transit-in-AfCFTA: ‘Review Port Charges To Entice Sahelian Partners’ - Borderless Alliance
• Press Release: New Appointment of Director Of Van Vliet Automotive Ghana Ltd
• Turkish Exporters Trade Mission
• PwC Tax Alert - New Excise Tax Stamps
• Ghana Oil Company in Trouble Over US$15 Million Suit
• President Akufo-Addo Sworn Into Office For A Second Term
• People Arriving From Countries Outside The EU/Schengen Area Required To Present Negative COVID-19 Test Result 
• Covidnomics: Ghana Ports, The Future Of African Continental Free Trade (AfCFTA)
• Travel on Air France or KLM to and from United Kingdom after Brexit - January 1^st 2021
• Election Of Speaker For The 8th Parliament: The Fight, Drama, Military Invasion And The Anti-Climax
• GNBCC Office Closed for Christmas Break - 21st December 2020
• Yearly Business Breakfast for Premium Members Held
• Parliament Passes Anti-Money Laundering Bill
• SLNBCC Newsletter - December 2020
• Motorway Menace On Increase
• Jobnet Africa: Multiple Job Vacancies
• The Future of EU-Africa Relations, A Private Sector Perspective - Declaration of the European Business Council for Africa
• Actie(s) Rondom Dubbele Nationaliteit & Oproep Coördinator Nieuwe Campagne
• Ghana’s Human Development Index Ranking Improves
• Ghana Election Results 2020
• Member Feature: Maiden Environmental Services
• Pictures of the Joint GNBCC/IBAG/GSABC Cocktail 
• Advertisement: Red Sea Housing Services
• Announcement Of Closure Of Office For Holiday Break
• Moody’s Expresses Pessimism About Akufo-Addo’s Second Term
• Negative COVID-19 Test Result And Declaration On Arrival In The Netherlands
• PwC Tax Alert: New Transfer Pricing Regulations in Ghana
• Digital Africa Business Days
• GIPC, OBG team up for a new COVID-19 response report
• Election Day, 7th December,2020 Declared Public Holiday
• Advertisement: Peoples Pension Trust
• SLNBCC Newsletter - November 2020
• Customs Moves To Tackle Fraud In Clearance Process
• Advertisement: La Villa Boutique Hotel
• Christmas Events- Maxmart Family Shopping Center
• Current Account To Hit 3.8% In 2020 – Fitch Solutions
• People’s Pension Trust Secures Up To £500,000 Funding From FSD Africa Investments
• Over GH¢2 Billion Oil Revenue Unaccounted For Since 2017
• Building Corruption-Free Business Environment: PSACG Leads Policy, Institutional Reforms Advocacy
• Advertisement: SOS Children's VIllages Ghana
• Advertisement: Stone Depot
• Cote d’Ivoire Joins Ghana in Threat to Pull Out of Cocoa Sustainability Programme
• VAT/GST Snapshot in West Africa
• Election 2020: UG Survey Predicts One Touch Victory For Akufo-Addo  
• Finance Ministry Fails To Account For ABFA For 4th Time – PIAC Report  
• GNBCC Cocktail Hosted By Agrona & Comexas POSTPONED
• Advertisement: Emergent Payments Ghana Limited
• Ghana's Anti-Graft Prosecutor Resigns Over 'Meddling' 
• Advertisement: Whirlpool
• Jolinaiko Eco Tours:  Another Edition of Food Safaris
• Ghana Threatens To Suspend Cocoa Companies’ Sustainability Schemes
• PwC Change Management Article
• Nissan To Commence Assembling Cars In Ghana
• COVID-19 Updates - 20/11/2020
• GNBCC Cocktail Hosted By Agrona & Comexas
• IBAG, GNBCC, GSABC Joint Networking Cocktail Video
• Gov’t To Reduce Cost Of Electricity To Power Industrialisation
• Advertisement: Yoda Health Environmental Solutions
• Advertisement: Neuce Paint
• PwC Tax Alert - Recent Amendments To The Revenue Administration Act, 2016 (Act 915)
• Jerry Rawlings: Ghana's Ex-President Dies Aged 73
• Ghana Risk Report by Omega Risk Solutions: October 2020 
• Webinar: Investor Readiness Series
• Domelevo, Others Spend GH¢3.3m On Foreign Travels — Report
• Textiles, Garments Players Push For Implementation Of Tax Stamps
• New Member: Bekaert
• LNBCC Newsletter- November 2020
• Ghanaian Exporters Face High Import Duties In Britain
• Invitation to Participate: Ghana Economic Forum (GEF) 2020 - 9 & 10 November 2020
• Institute of Procurement and Supply Suspends Sacked PPA Boss, Adjenim Adjei
• Member Feature: B & P Associates
• SLNBCC Newsletter - October 2020
• Ghana Not Declared As HIPC – IMF Country Representative
• NABC Workshop: Sustainable Ports in Africa 
• Gov’t Borrowing No Longer A Matter Of Choice
• Webinar on Anti-Corruption
• PwC Monthly Tax Alert- November 2020
• Ghanaian Workers Report Appalling Abuse Aboard Chinese-Owned Fishing Vessels
• Member Feature: GenKey
• Universal Delft Officially Hands Over Cad4covid Boxes (Ghana)
• EU Anti-Money Laundering Blacklist Comes With No Ban – EU Ambassador
• Vivo Energy Demonstrates The Need For Continuous Safety Improvement
• Webinar On Anti-Corruption
• Ghana-Nigeria Trade Relations Face Further Tensions
• Help Us To Remain Dutch (In Dutch)
• Job Search: Food And Sustainability Business Sector
• Bank Of Ghana Clean-Up Given Rise To Stronger Banks – Fitch
• Member Feature: Mazars Ghana
• LNBCC Newsletter- October 2020
•  SNV Ghana, Ministry Of Employment To Create 5,000 Jobs
• The Actual State Of Youth Employment Interventions In Ghana, According To Youth
•  KPMG 2020 CEO Outlook: COVID-19 Special Edition
• World Bank Warns Ghana To Curb Its Fiscal Deficit
• PwC Monthly Tax Alert- October 2020
• IMF Forecasts Growth Rate Of 0.9% For Ghana In 2020
• GNBCC Member Feature: Palm Institute
• APD Report: The Way Forward For Sustainable Youth Employment In Ghana
• Gold, Cocoa Push Ghana’s Exports To US$15.6 Billion In 2019 – BoG
• ‘Access to Finance’ Masterclass 
• Masterclass On Ghana Renewable Energy Law By B & P ASSOCIATES
• Boeing Hoping To Set Up In Ghana To Service Planes In Africa - Yofi Grant
• PwC's Employment Income Tax Masterclass
• 2021 KPMG Pre-Budget Survey
• Vote Form Abroad For Dutch Senate; One Step Closer (Article In Dutch)
• SMEs Are The Backbone Of Ghanaian Economy – Ken Thompson
• GNBCC Member Feature: Rainforest Alliance
• SLNBCC Newsletter - SLNBCC 2020
• Ghana To Receive €92.9 Million Grant From European Union
• Jolinaiko Eco Tours:  Official Launch Of Ghana’s First Food Safaris
• European Investors Seek Clarity On GIPC Act
• NABC Webinar: Managing Currency Risk In Africa
• Watch Webinar About Voting From Abroad (In Dutch)
• Ghana Railways, Afcons Seal US$419 Million Rail Deal
• People’s Pension Trust Launches iCARE Pension on Pension Awareness Day
• Revised Ghana’s Investment Law Postponed Until 2021
• EU Launches €20-Million Programme For 5,000 Green Jobs
• Bribery By Foreign Companies Threatening Poverty Reduction Efforts - World Bank
• Invitation to 7th EU-Africa Business Forum, October 2020 
• Govt To Cede 40% Stake In Troubled Neoplan
• GNBCC Member Feature: Agrona
• African Policy Dialogue Discusses Way Forward For Sustainable Youth Employment
• Economy Contracts 3.2% In Second Quarter, First In 37 Years
• Hortifresh Business Development 
•  COVID-19 Advertising Packages For GNBCC Members
• Coronavirus Test: ‘No Payment, No Entry’ Policy Deferred At Kotoka International Airport
• Webinar On Successful  Voting For Dutch Elections From Abroad (In Dutch)
• Govt Suspends Law Banning Importation Of Salvaged Cars
• Africa’s Largest Shea Butter Plant Begins Operation In Tema
• Air France and KLM Travel Update
• Permit, Licence Delays Hamper Economy’s Formalisation
• KPMG'S GMS Flash Alert: Lifting Travel Restrictions in Ghana
• PwC Monthly Tax Alert - September 2020
• Domestic Airlines Refusing To Make Commercial Flights To Ho - Aviation Minister
• GNBCC Member Feature: AB Lexmall and Associates
• New Member: The Good Roll 
• KIA Reopening: 200 Passengers Complete Coronavirus Tests On Day 1 - GACL
• GNBCC Member Feature: Portside Togo
• The African Policy Dialogues (APD) Program
• Trade Ministry Launches Ghana Business Regulatory Reforms Platform
• Job Vacancy: Chief Engineer, Ghana
• Ghana Risk Report by Omega Risk Solutions: August 2020 
• Dutch Abroad Are Too Dependent On International Mail  (Article In Dutch)
• Nigeria Urges Ghana To Revisit Law On US$1 Million Business Capital
• Aviation Ministry Readies For Airports Reopening Sept. 1
• SLNBCC Newsletter - August 2020
• ‘From Idea 2 Business’ Masterclass Held On the 21st of August, 2020
• Airport Re-Opening: PCR Test To Take 12-15 Mins, No Quarantine For Arriving Passengers
• Mammoet Helps Burkina Faso Towards 20% Power Generation Increase
• Let’s Encourage More Agriculture Exports – Director Of Tema Port
• Notice: Netherlands Embassy in Ghana Instagram Account Hacked
• New Africa Impact Fund Stakeholder Forum Webinar
• Govt’s COVID-19 Incentives Cushion Foreign Investors
• Coronavirus: Possible Border Re-Opening Signifies Last Phase Of Easing Restrictions
• Memorial Service For Daniel Ruegg of RMG / Wienco
• Africa Is Open For Business As President Hands Over AfCFTA Secretariat
• Border Closures Drop International Trade Revenue By 42%
• Aviation Minister Revokes Directive To Ban Clearing Of Cargos Without Manifests, Way Bills
• Western Railway Line Epitomizes How Railway Can Stimulate Development – Minister
• GIPC Notice of Continued Services
• Retail Shops Belonging To Foreigners Closed
• Recording of NABC's Doing Business in Ghana Webinar
• COVID-19 Updates - 14/08/2020
• Gov’t Considers Move To Reopen Air Borders As Proposal Goes To President
• SLNBCC Newsletter - July 2020
• EU Private Sector Investment In Ghana - Mapping For The EU-Africa Business Forum / EU-AU Summit
• KPMG In Ghana: Highlights of the 2020 Mid-Year Budget Review
• ICUMS Revenue Loss At Tema Port Haunts GRA Bosses
• Unveilling Locally-Made VW Vehicles Signifies A Buoyant Economy
• PwC Tax Alert - GRA Practice Note on Tax Refunds
• Ghana’s Exports Drop As Coronavirus Pandemic Disrupts Global Supply Chain
• Job Vacancy: Sales and Technical Support Manager Ghana
• Customs To Enforce Ban On Salvaged Vehicles From Nov 1
• COVID-19 Won’t Stop Year Of Roads -Finance Minister
• NABC's New Digital Services for Businesses
• Free electricity, water initiative to be extended
• Mid-Year Budget: Call Tax To Reduce From 9% To 5%
• Ghana South Africa Business Chamber Invitation to Sustainability Strategies In Capitalism 2.0 Webinar 
• Gov’t’s 2020 GDP Growth Revised To 0.9 From 6.8%
• Strategic Personal Finance Amid COVID-19 Pandemic
• GNBCC Business Breakout Presented by Universal Delft
• Registrar General Extends Deadline for Filing Annual Returns
• New Member: Actico
• Economy Will Slide Downwards For About 2 To 3 Years Before Picking Up – Finance Minister
• Consumer Price Index Drops by 0.1 %
• Fuel Prices May Surge By Approximately 1.5% - IES