Intra-Africa trade could double in next five years, says Secretary General of African Continental Free Trade Area
Africa is home to the world’s largest free trade agreement, in terms of number of countries, territory, and population – the African Continental Free Trade Area (AfCFTA). Fifty-four of 55 African Union member countries have signed up to the deal which covers a market of 1.3 billion people and a combined GDP of $3.4 trillion. It aims to boost […]
We will continue to inspect goods in transit – GRA to GUTA
Commissioner-Customs Division, Ghana Revenue Authority (GRA), Brigadier General Zibrim Ayorrogo has stated that Customs will continue to inspect already-cleared goods in transit when necessary. Over the years, some importers and manufacturers – including members of the Ghana Union of Traders Association (GUTA) in Ashanti Region – have expressed concern about the re-examination of cleared imported […]
Ghana to launch first manganese refinery
Ghana is set to establish its first manganese refinery, with the Ministry of Lands and Natural Resources announcing a sod-cutting ceremony to mark the start of construction in November at Tarkwa in the Western Region. The $450 million project aims to add value to the manganese produced in Ghana, a resource that has been exported […]
Policy reforms, ease of doing business, and foreign investments in Ghana
Data from the Ghana Investment Promotion Center (GIPC) shows that the country recorded one of its lowest foreign direct investment (FDI) of US$649.58 million in 2023. This is about 55 percent drop from the previous year which was at US$1.47 billion. For a West African country with all the pegs that make Ghana an attractive […]
Sunon Asogli shuts down 560MW power plant over $259m debt
Sunon Asogli Power (Ghana) Limited has announced the shutdown of its 560MW power plant due to the Electricity Company of Ghana’s (ECG) failure to meet overdue payment obligations. This has left Sunon Asogli unable to continue funding its operations. In a statement released on October 16, 2024, the company disclosed that ECG owes a net […]
NATIONAL DAY OF SPAIN
On Friday, October 11, 2024, the Embassy of Spain in Ghana hosted a reception to commemorate the Día de la Hispanidad. The event was in partnership with the Spain Ghana Chamber of Commerce and supported by member companies, Coca-Cola, Miniplast, Greenviews, GB Foods, Wagcol and Comet Ghana. The reception was attended by a large representation of […]
IIP release: Industry sector grows by 8.2 percent in Q2 of 2024
The Year-on-Year change in the Index of Industrial Production (IIP) for the second quarter (Q2) of 2024 grew by 8.2 percent, data from the Ghana Statistical Service (GSS) has shown. By this, on average, production in the industry sector grew by 8.2 percent in 2024 on average compared to the second quarter in 2023. […]
Gov’t unveils Green Finance Taxonomy to drive sustainable dev’t
The government has launched the first phase of Ghana’s Green Finance Taxonomy at the SDGs Investment Fair, marking a significant step towards sustainable economic growth. This new framework aims to guide investments into environmentally friendly sectors and align the nation’s financial system with global sustainability trends. Speaking virtually at the launch, Finance Minister Dr. Mohammed […]
GSE Monthly Summary Report: 9 stocks record gains in September 2024
Nine stocks increased in value on the Ghana Stock Exchange (GSE) in September 2024 compared to five losers, the GSE Summary of September Market Activities has revealed. According to the report, the market witnessed immense trading activities during the month under review. The stocks that led the gainers were Enterprise Ghana (20.1%), ETI (13.33%), Standard […]
No need for fear and panic, we have enough LPG – NPA assures
The National Petroleum Authority (NPA) has stated that there is enough Liquefied Petroleum Gas (LPG) in the country. According to the authority, it does not anticipate any shortage, hence no need for fear and panic. “There is adequate LPG in the country to meet national demand. The opening stock of LPG as of 9th […]