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 […]
Labadi Beach Hotel still sets standards after 33 years
The renowned 5-star establishment, Labadi Beach Hotel, has once again proven its commitment to excellence by receiving the CIMG Hospitality Facility of the Year 2023 award for the third time in a row. This prestigious accolade emphasizes the hotel’s unwavering dedication to providing exceptional service and creating unforgettable guest experiences. In addition to this honor, […]
Ghana’s Cocoa Freight Rates to Increase by 5% for 2024/2025 Season
The Cocoa Marketing Company (CMC), Ghana Shippers’ Authority (GSA) and 17 shipping lines have agreed to a 5% increment in basic freight rate for the 2024/2025 cocoa season. The new rates, set to take effect on October 1, 2024, reflect the ongoing challenges in the global shipping industry while maintaining Ghana’s competitiveness in the cocoa […]
Distinguished Speaker Series on Foreign Direct Investment; H.E. John Dramani Mahama
On 29th August 2024, The consortium of reputable trade associations, including the Spain Ghana Chamber of Commerce, American Chamber of Commerce in Ghana, Ghana Netherlands Business & Culture Council (GNBCC), CCI France Ghana, Canada Ghana Chamber of Commerce, Ghana South Africa Business Chamber and Eurocham Ghana organised the inaugural event of the Distinguished Speaker Series […]
New Shippers Authority Law will promote welfare of traders – GUTA
The Ghana Union of Traders Association (GUTA) has welcomed the newly passed Ghana Shippers’ Authority (GSA) Law, saying it will offer the Authority “the teeth to bite” to effectively regulate the shipping industry. The Association said the law would empower the GSA to exercise control of the port and have the power to approve or […]
T-bills auction: Government fails to meet target for 6th consecutive week
The government failed to meet its treasury bills target for the sixth week running. According to the T-bills auction published by the Bank of Ghana, the government missed the target by 6.91%. The government got GH¢ 4.624 billion from the sale of the T-bills. The target for the auction was GH¢4.96 billion. GH¢3.606 billion, representing […]