Business

World Trade Centre Accra (WTC Accra) in collaboration with government ministries across Africa (concerned with trade, investment promotion and economic management), manufacturing firms, investors, development partners and other relevant stakeholders will hold the maiden edition of its Make in Africa 2021 Summit on the 30th June, 2021 under the theme “Showcasing Africa’s Potential as the World’s Next Manufacturing Hub”.   ...

The European Union (EU) is threatening to ban cocoa from Ghana if the negative impact of illegal mining on cocoa farms in the country persists. Making a presentation at the ongoing National Consultative Dialogue on Small Scale Mining in Accra today, April 15, 2021, the deputy Chief Executive in-Charge of Agronomy and Quality Control at COCOBOD, Dr. Emmanuel Agyemang Dwomoh, ...

Government is reported to have surpassed its revenue mobilization target for the first quarter of 2021 by more than Ghs 3 billion. The revenue mobilization performance posited by government for Q1 2021, according to the Bank of Ghana (BoG) is higher than pre-pandemic mobilised revenues. Speaking in a media interaction, Head of Research at the BoG, Philip Otoo, noted the increased ...

The Institute for Energy Security (IES) has projected a fall in the price of gasoil (diesel) at the various pumps continuing into the second pricing window of April. The fall in the price of diesel, according to the energy think tank, follows a 2.4 percentage points fall in the price of Brent Crude oil on the international market from a ...

Starting Friday, April 2, 2021, all mobile money customers would have to present a valid ID card that matches the name on the mobile money account before they can make a cash-out transaction Initially, the company announced that customers would need to present an ID card to the mobile money agent before a cash-out transaction can be done, but CEO ...

The Institute for Energy Security (IES) says the recent power challenges pose a threat to the re-booting economy. In a statement, it said even though the issue of power outages is never a new thing to the Ghanaian economy, the current power challenges require a swift intervention. “Aside the power outages affecting health service delivery, it may definitely affect negatively ...

Hundreds of youths are expected to be gainfully employed following a progressive move by Mr Isaac Kwadjo Buabeng, Municipal Chief Executive of Nsawam- Adooagyiri Municipal Assembly to bring in a business magnate to invest in the area. The investor, namely, Damerco Company Limited is currently constructing three companies within the municipality, including an Aluminium company to manufacture iron sheets and ...

Ghana and Côte d’Ivoire have agreed to form a joint committee to find a lasting solution to security challenges faced by cocoa farmers along with the southern parts of the shared border of the two countries.Ghanaian cocoa farmers who farm across the Tano river are often accosted by irregular Ivorian Para-military forces when they are ferrying their harvest inland.Cocoa farmers ...

Ghana is likely to go back to the International Monetary Fund (IMF) says Economist at the University of Cape Coast Department of Economics, Dr William Godfred Cantah. Dr Godfred Cantah projected that given the country’s current debt-to-Gross Domestic Product (GDP) status and increasing decline in revenue mobilization, it is likely to happen by the end of 2021 or early 2022. ...

Investment and brokerage firm, Databank has served notice to Imara Holding Limited of their decision to withdraw their services as a partner and transaction advisor in the controversial Agyapa royalties deal. Databank and Imara Holding Limited were co-partners and transaction advisors for the Agyapa Gold Royalties Company. According to the Group CEO of Databank, Kojo Addae-Mensah, in a letter to ...