Ghana’s exports to EU surge by 8% in 2023, reaching €2.6bn
Ghana’s exports to the European Union (EU) surged by 8% in 2023, reaching 2.6 billion euros, up from 2.4 billion euros the previous year. However, imports from the EU to Ghana declined from 3.7 billion euros in 2022 to 3.3 billion euros in 2023. According to the Ministry of Trade and Industry, the total trade […]
Ghana’s exports to EU surge by 8% in 2023, reaching €2.6bn
Ghana’s exports to EU surge by 8% in 2023, reaching €2.6bn Ghana’s exports to the European Union (EU) surged by 8% in 2023, reaching 2.6 billion euros, up from 2.4 billion euros the previous year. However, imports from the EU to Ghana declined from 3.7 billion euros in 2022 to 3.3 billion euros in 2023. […]
Cement industry all for transparent pricing – COCMAG
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Cement industry all for transparent pricing – COCMAG
The Chamber of Cement Manufacturers, Ghana (COCMAG) has stated that it has no reservations about providing transparency in the price build-up of cement. Speaking during a consultative stakeholders forum on cement pricing and matters arising for growth of the economy’s construction sector, organised by the Ghana Chamber of Construction Industry, Chairman of COCMAG, Frédéric Albrecht, […]
Wood shortage looms as 75 out of 100 local timber manufacturing companies collapse
Ghana faces the risk of spending millions of cedis on timber imports, as 75 out of 100 local timber manufacturing companies have collapsed due to continuous forest destruction by bushfires. Players within the timber industry warn that the remaining 25 companies in the Western North, parts of Eastern and Central Regions, are struggling to secure […]
Ghana reserves position remains strong; trade surplus increased to $1.805bn in June 2024
Ghana’s gross international reserves position remained strong in the first half of 2024. According to the Bank of Ghana, the stock of Gross International Reserves increased by $275 million $6.865 billion in June 2024, compared to $5.344 billion during the same period in 2023. This represented 3.1 months of import cover. The Gross International Reserves […]
Economic challenges due to high exchange rate – ISSER
The Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana has attributed rising labour agitations, high business costs, and the collapse of some businesses to the high foreign exchange rates and inflation. This finding is sourced from the Institute’s assessment of the recent mid-year budget review presented by the Minister of […]
The Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana has attributed rising labour agitations, high business costs, and the collapse of some businesses to the high foreign exchange rates and inflation. This finding is sourced from the Institute’s assessment of the recent mid-year budget review presented by the Minister of […]