When partners build bridges: Ghana and the European Union
Ghana welcomes the latest delivery of advanced military equipment from the European Union. The deliveries bolster Ghana’s capacity to safeguard its people from security threats, and positively impact the sub-region. The equipment also sends an important political signal and partnership offer to the new administration, in recognition of Ghana’s stability and confirmed democratic credentials. The […]
GHANA-EU BUSINESSN FORUM
Private sector participation in ECG imminent – President announces
As part of expected reforms to improve the energy sector, President John Mahama has announced efforts to introduce private sector participation in the Electricity Company of Ghana’s (ECG) metering and billing operations. The decision aims to boost revenue collection and curb commercial and technical losses threatening ECG’s viability. The announcement comes amid recent public debate […]
Remove COVID-19 and VAT levies on transit cargo to boost economic growth -GPHA DG
The Acting Director-General of the Ghana Ports and Harbours Authority (GPHA), Brigadier-General Paul Seidu Tanye-Kulono, has made a compelling call for the scrapping of VAT and COVID-19 levies on transit cargo. He believes that such a move would significantly enhance Ghana’s competitiveness as a premier transit hub in the West African sub-region, positioning the country […]
Nearly 16% of forest reserves completely destroyed -Lands Minister
Ghana has lost 44 of its 280 forest reserves due to illegal mining activities, Minister for Lands and Natural Resources Emmanuel Armah-Kofi Buah said, stressing the alarming state of environmental degradation. The estimated area impacted by illegal mining activities within the forest reserves is reported to be some 5,252 hectares of land, equivalent to about […]
Gov’t to prioritise local innovations to drive import substitution – MEST minister
The Minister for Environment, Science, Technology and Innovation (MEST), Ibrahim Murtala Muhammed, has reaffirmed government’s commitment to prioritising local innovations as a key strategy to drive its import substitution agenda. He made this known during his familiarisation visit to the Council for Scientific and Industrial Research (CSIR) and its Food Research Institute (FRI), where he […]
Ghana to hold National Economic Dialogue on March 3-4 to address economic challenges
The government of Ghana is set to convene a two-day national economic dialogue aimed at engaging citizens in finding practical solutions to the country’s economic challenges. The discussions will focus on establishing clear commitments and milestones to reset the economy for long-term resilience and transformation. Scheduled for March 3 and 4, the event will be […]
IFC-World Bank to invest $600m in govt’s job creation agenda
The International Finance Corporation (IFC) of the World Bank has announced plans to invest approximately 600 million dollars into Ghana’s private sector to create job opportunities and enhance economic growth. The investment will focus on the garment industry and agro-processing sectors to support job creation and industrial development. The Country Director of the IFC, Kyle […]
New Free Zones CEO outlines strategic vision to boost investment
The Ghana Free Zones Authority is ramping up efforts to attract investment and drive industrialization. Acting Chief Executive Officer, Dr. Mary Awusi, highlights the importance of streamlining processes, strengthening regulatory support and providing timely business facilitation services to stakeholders to foster a more investor-friendly environment. During a staff engagement at the Authority’s Tema office, Dr. […]
Importers, Exporters reject calls to scrap ICUMS; demand reforms
The Importers and Exporters Association is advocating for reforms to the Integrated Customs Management System (ICUMS) rather than its outright abolition, emphasizing its role in boosting customs revenue and trade efficiency. Despite concerns over implementing the Unique Consignment Reference (UCR) within ICUMS, the Association insists that the system remains essential for revenue collection. In 2024, […]