Editorial: Testing and certification in furniture industry implementation soon
The Ghana Standards Authority (GSA) announced its decision to implement testing and certification in the furniture industry. According to the GSA, of the 20 plastic chairs purchased from various companies across the country randomly, none met the standard criteria. This was disclosed by the Director-General of the GSA, Professor Alexander Dodoo, during a stakeholders’ meeting […]
Ghana Ports to rollout maritime single window initiative in April
Plans are far advanced for the rollout of the maritime single window program intended to facilitate vessel clearance at Ghana’s ports. The digital platform will incorporate the activities of shipping lines and regulatory agencies and enable them share information so far as the clearance of vessels at the port is concerned. This is in line […]
Size of Ghana’s economy hits GH¢841.63bn in 2023 – GSS
The size of Ghana’s economy stood at GH¢841.63 billion in 2023, the Ghana Statistical Services has revealed. This includes net indirect taxes estimated at GH¢58.74 billion. In 2022, the size of the country’s economy or Gross Domestic Product was estimated at GH614.33 billion. According to the Ghana Statistical Services, the services sector constituted the biggest […]
Tourism generated US$3bn last year
The tourism sector generated approximately US$3billion during the 2023 operational year from inbound tourist arrivals, against a projected US$3.4billion, according to the Ghana Tourism Authority (GTA). At the launch of the 2022 Tourism Report last year, the Ministry of Tourism, Arts and Culture (MoTAC) and the GTA set a target of attracting 1.2 million international […]
Cedi crosses ¢13 mark; loses 5.4% in value to dollar since January 1, 2024
The Ghana cedi crossed the ¢13 mark as the depreciation of the local currency continued on February 28, 2024. Most forex bureaus, according to checks by Joy Business sold one US dollar for between GH¢13.05 and GH¢13.15. Some analysts have attributed the recent depreciation of the cedi to incessant corporate demand, which they described as […]
Export and Import Restrictions Bill: Trade chambers worried about impact on businesses
Eight trade associations in the country have cautioned that the proposed Export and Import Restrictions Bill could strain trade relations and create tensions between Ghana and its key trading partners, such as the US, UK, Canada and the European Union. They argued that measures that restrict the flow of goods could undermine the spirit of […]
Ghana to get new alumina refinery as Akufo-Addo announces GIADEC’s strategic partner for Project 3A
Ghana is set to benefit from a new alumina refinery following the successful selection of a strategic partner that will work with the Ghana Integrated Aluminium Development Corporation (GIADEC) to deliver Project 3A, one of four (4) projects being executed under the Integrated Aluminium Industry (IAI) projects. President Akufo-Addo who witnessed the signing of the […]
We’ll sustain reforms driving economic recovery – BoG Governor assures
The Bank of Ghana (BoG) is prepared to continue the necessary structural reforms to revive the country’s shaky economy. It emphasizes the importance of vigilance and commitment in realigning the country’s economic situation. Following the approval of the second $600 million tranche from the International Monetary Fund (IMF), Dr. Ernest Addison, Governor of the Bank […]
‘Resilient Ghana’ partnership announced at COP28
Government has unveilled an ambitious ‘Resilient Ghana’ at the COP28 World Climate Action Summit in Dubai. This transformative plan envisions a harmonious coexistence between development and nature-positive actions. As the global community grapples with pressing climate challenges, Ghana aims to become a beacon of innovation and resilience on the world stage. This initiative seeks to […]
IEA got it all wrong – Ayisi clarifies lithium contract
The Chief Executive Officer of the Minerals Commission, Martin Kwaku Ayisi, has shed light on the details of the Lithium deal between the government of the Republic of Ghana and Barari DV Ghana Limited. The agreement will lease a certain piece of land at Ewoyaa, in the Mfantsiman Municipality in the Central region, and grant […]