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 […]

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 […]