The Ghana Union of Traders’ Association (GUTA) has expressed concern about exchange rates being tied to duties at the country’s ports.
According to the Union, the practice had been the cause of inflation in the country because …
The Atiwa East District Assembly has provided support schemes to more than 570 local farmers in the district to encourage and assist them in their work in line with the government's planting for export policy.
Mr Kwabena Panin Nkansah…
The Association of Ghana Industries (AGI) has decried the politicization of power outages in the country, and called for swift national consensus to solve the challenges inherent in the energy sector.
The Association said the politici…
develoPPP Ventures Ghana, a catalyst for change for local impact driven businesses, has opened applications for its Idea Competition, an initiative for Ghana's innovative startups to scale up and positively impact local communities.
S…
The Minister of Finance, Dr. Mohammed Amin Adam, has expressed deep sorrow over the sudden passing of the late Deputy Finance Minister and MP for Ejisu, Dr. John Ampontuah Kumah.
At the age of 45, Dr. Kumah reportedly succumbed to a bri…
Stable democracy, business environment and a shift in policy from mineral discovery to value addition have made the country the ultimate destination for investors, the Minister of Lands and Natural Resources, Samuel Abu Jinapor, has said. …
MTN Ghana has pledged to achieve a 50/50 balance of their workforce by 2030 as part of its Diversity and Inclusion (D&I) initiative. This remark was made by the Acting Chief Human Resource Officer, Mr. Abdallah Ibrahim as part of activitie…
The former Chief Executive Officer (CEO) of the defunct Beige Bank Limited, Michael Nyinaku, who is accused of stealing, fraudulent breach of trust and money laundering, is set to call 61 witnesses to mount his defence.
Mr Nyinaku, wh…
Guaranty Trust Bank Ghana has assured its customers and stakeholders of its commitment to resolving the Central Bank’s recent suspension of its Foreign Exchange Trading License.
The suspension is effective from March 18, 2024, until Apr…
The Association of Chartered Certified Accountants (ACCA) in Ghana has welcomed 132 new inductees, deepening the pool of well-trained human resources and marking a significant milestone for the accounting profession in the reg…
President Nana Addo Dankwa Akufo-Addo has announced that Ghana is set to commence large-scale salt production.
He attributes this development to the Ada Songhor Salt project, led by Electrochem Salt Mine Limited, which he believes w…
President Akufo-Addo has affirmed Ghana’s commitment to refining its mined bauxite to produce alumina, earmarked for supply to the Volta Aluminium Company Limited (VALCO) and the broader downstream aluminium industry.
The President emph…
A SOD has been cut for the construction of a large-scale apparel manufacturing factory at Savelugu in the Northern Region.
The project is being spearheaded by the Northshore Apparel Ghana Ltd, a private company, in collaboration wi…
MTN Ghana, the leading telecommunications service provider in Ghana, reaffirms its commitment to being a crucial partner for progress. Through targeted partnerships and interventions, MTN Ghana is making a meaningful contribution to safe m…
Fidelity Bank Ghana LTD (Fidelity Bank) issues this statement in response to recent allegations made by Bright Simons regarding purported “sweetheart” exchange rate deals with the Electricity Company of Ghana (ECG).
Our attention has be…
In celebration of Ghana's 67th Independence Day, MTN Ghana has launched a campaign called "Still Ghana Go Be" to honor Ghanaian culture and commemorate the nation's progress since gaining independence. The campaign includes television comm…
The International Air Transport Association (IATA) released data for January 2024 global passenger demand indicating a strong start for the year.
· Total demand, measured in revenue passenger kilometers (RPKs), was up 16.6%; tot…
A deregulated power sector is an enormous opportunity for key markets in Africa, as individual countries start to contribute to an efficient, sustainable and competitive renewable energy ecosystem, says Paul van Zijl, Group CEO at St…
Africa’s fintech sector is expected to be worth approximately $65 billion by 2030, aligning with the United Nations (UN) projection that the continent’s population will double to 2.4 billion by 2050, with half of the population being unde…
In the sprawling landscape of Africa, where health, economic well-being, and inequality are intertwined, access to financial services emerges as a transformative force. As the International Monetary Fund underscores, this access becomes th…
MACROECONOMIC INDICATORS
Q3, 2023 Real GDP Growth 2.0%
Average Real GDP Growth for 2023 2.8%
2024 Projected Real GDP Growth 2.8%
BoG Policy Rate 29.0%
Weekly Interbank Interest Rate 28.47%
Inflation for January, 2024 …
The government has allocated a total of GH¢4 billion in the 2024 budget to pay the locked-up funds of customers of failed Asset Management Companies (AMCs), a Deputy Minister of Finance, Abena Osei-Asare, has stated.
She said the…
The Fabulous Woman Network (FWN), a Ghanaian non-governmental organisation (NGO) that supports the growth of women leaders and women-led businesses, has held its annual international Fabulous Women’s conference to champion the cause of wom…
About 60 women agriculture entrepreneurs have participated in the Agriwoman Marketplace, the 14th monthly edition organised by the Agrihouse Foundation.
The one-day exhibition held at the Tetteh Quarshie Interchange, adjacent to the A…
Mr John Anim Peprah, the Dormaa Area Head, Northern Electricity Distribution Company (NEDCo), has advised the public to deal directly with NEDCo officials for meter acquisition and other services without involving middlemen.
Mr Peprah g…
Maize sellers in the Sissala area of the Upper West Region are crying for buyers of their produce weeks after harvest, with all known off-takers not in sight, forcing them to sell at lower-than-expected prices.
This came to light when t…
The General Agriculture Workers Union (GAWU) says it has identified an increase in illegal rice imports into the country's markets, which is harming the local rice industry.
The Union said that, while official figures suggested that ric…
The government has budgeted an amount of GH¢4.1 billion to pay the locked up funds of customers of Gold Coast Fund Management Company Limited, the Minister of State designate at the Ministry of Finance, Abena Osei-Asare, has disclosed.
…
The electricity and gas sub-sector recorded the highest year-on-year producer price inflation rate of 44.2 per cent from January 2023 to 2024.
It is an increase of 0.4 percentage points over the December, last year.
This was follow…
The National Insurance Commission (NIC) has launched the Complaints Management Systems (CMS) which will allow policy holders lodge complaints to the regulator from the comfort of their homes, just by a click on their phones or tablets.
…
Yara Ghana Limited, a fertiliser-producing company, has presented tricycles and a motorbike to four loyal retailers for their dedication to the growth of the business as part of its Yara Connect Loyalty programme.
The top retailers are …
Republic Bank (Ghana) PLC has donated 25 laptops towards the University of Ghana Vice Chancellor’s “One Student, One Laptop (1S1L)” initiative.
The donation comes under the bank’s corporate social responsibility (CSR) project, “Power to…
The International Air Transport Association (IATA) released data for January 2024 global air cargo markets indicating a strong start to 2024.
· Total demand, measured in cargo tonne-kilometers (CTKs*), increased by 18.4% compared …
The prospects for offshore oil and gas exploration have resulted in Namibia becoming a hotspot for hydrocarbon investment in recent years. Meanwhile, the country’s ambition to become a global hub for green hydrogen development – on t…
By NJ Ayuk, Executive Chairman, African Energy Chamber (https://EnergyChamber.org).
Will Equatorial Guinea fulfill its promise as a gas “mega hub,” or will stalled negotiations turn what should be a national economic boon into a mis…
Africa Travel Week 2024 scheduled from 07 – 12 April 2024 in the City of Cape Town
Landmark 10-year anniversary WTM Africa programme includes new partnerships, value-add business-building opportunities, & interactive networking
Regi…
Africa Travel Week 2024 scheduled from 07 – 12 April 2024 in the City of Cape Town
Landmark 10-year anniversary WTM Africa programme includes new partnerships, value-add business-building opportunities, & interactive networking
Regi…
In a bid to safeguard foreign exchange reserves in the region, the Bank of Central African States (BEAC) imposed stricter rules on currency transfers and payments in January 2022 - a move it has been unwilling to reverse despite oppo…
Today's woman is a significant player in our rapidly changing socio-economic environment. In the past she has been in the background providing support. She has now emerged as a provider, investor, and decision-maker through various avenues…
Although Africa’s natural gas production is expected to remain relatively flat over the next two years — increasing only slightly, from 268 billion cubic meters (bcm) today to 272 bcm in 2025 — there’s room for optimism about the continent…
South Sudan plans to increase oil production to 230,000 barrels per day (bpd) by 2026 and develop a 60,000-bpd refinery to meet domestic demand. Achieving these goals will require increased investment in exploration as well as enhanc…
African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has been ranked number one in all three categories in the Bloomberg Capital Markets League Tables Report for African Capital Markets. Afreximbank is ranked as number one …
The Independent Power Producers Ghana (IPPs) have issued a stark warning that the country’s power sector challenges are on the brink of exacerbation.
According to the Chamber, the sector is at risk of incurring an increased debt of …
The Managing Director of Consolidated Bank Ghana (CBG), Daniel Wilson Addo, wants banks in the country to demystify the perception of risk associated with small and medium-sized enterprises (SMEs).
He said risks might be elevated “but…
SOLV Ghana, a digital business-to-business e-commerce marketplace, which was recently was launched has indicated its resolve to drive growth for the Micro, Small and Medium Enterprises (MSMEs) in the country.
Positioned as a marketpla…
The acquisition of the country’s second largest poultry feed supplier aligns with Olam Agri’s strategy to strengthen its animal feed capabilities in West Africa
Olam Agri, a leading agribusiness in food, feed, and fibre, has completed t…
Pecan Energies (www.PecanEnergies.com), the operator of the Deepwater Tano/Cape Three Points (DWT/CTP) block offshore Ghana is thrilled to announce the successful completion of its rebranding journey.
The company has evolved with a …
Latex is a milky fluid that is obtained from tropical rubber plants. This fluid is used to produce rubber, which has a wide range of domestic and industrial applications. Rubber is used to make everything from pencil erasers to sleeping ma…
The Customs Division of the Ghana Revenue Authority (GRA) has launched an action plan to tackle inefficiencies in the import-export processes at Ghana’s ports and land borders.
Among other things, the action plan include the introducti…
In Ghana, the empowerment of women in agribusiness and social entrepreneurship is pivotal for driving inclusive growth and sustainable development.
As key contributors to the nation's economy and social fabric, women play a significant…