Tag Archives: Ghana

Ghana to host first-ever Global SDG Youth Summit

Global SDG Youth Summit

Ghana in November would host the first-ever global SDG Youth Summit with over 25 African countries in attendance. The sustainable development goal which was introduced and adopted in January 2016 has since a lot of initiatives being executed by the UN and the African Union. President of the Republic of Ghana, Nana Addo Danquah-Akuffo Addo would grace the Youth Summit ...

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Closure of Nigerian Border Affecting Ghanaian Businesses


Some members of the Ghana National Chamber of Commerce and Industry (GNCCI) say they are recording huge losses following the closure of the Nigerian border with Benin. They fear this may escalate further if the government does not fix the issue immediately. Nigeria has closed its borders to neighboring Benin over issues of smuggling of goods into the country. The ...

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MTN To Acquire Banking Licence, CEO Says

mtn banking licence

Rob Shuter, the chief executive officer at MTN Group, says the group will acquire an independent banking licence in Nigeria by 2019. Speaking at a telecoms conference in Cape Town, South Africa on Tuesday, the MTN CEO said it will put in an application in December and should lunch the bank in second quarter 2019. “We will be applying for a ...

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Cocoa Prices on the International Market Tumble

Cocoa Prices

Prices of cocoa on the international market have begun to tumble due to investors expectations of an imminent increase in production from top growing countries, Côte d’Ivoire and Ghana. Côte d’Ivoire, which is the world’s largest producer, is projecting a production of about 1.9 million tonnes, while Ghana is hopeful of meeting its 850,000 tonnes target for the season, something ...

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December inflation hits 11.8%

inflation rate

The inflation rate for December 2017 increased slightly to 11.8 percent, up from the 11.7 percent recorded in November in the same year, acting Government Statistician, Baah Wadieh announced Wednesday.The monthly change rate, according to Mr Wadieh comes as a result of the rise in the two main components, Food and Non-food Inflation. “The food inflation rate for December 2017 ...

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Ghana to Receive $100m from IMF


The International Monetary Fund (IMF) is expected to disburse the 5th tranche of the Extended Credit Facility (ECF) to Ghana within the coming weeks. It follows the fifth review of Ghana’s performance under the program, last week. Business.com.gh understands the Fund has not been very satisfied with government’s missing of the revenue targets considering the ambitious policies being rolled out. ...

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Ghana’s economy too difficult to understand – ISSER Fellow


A Senior Research Fellow and Head of Economics Division of the Institute of Statistical, Social and Economic Research (ISSER), Dr Charles Ackah, has cautioned policymakers to avert their minds to the social implications of Ghana’s under-performing economy. He says the consequences, particularly of poverty, rising inequality and joblessness are dire for an economy whose growth is tottering from the year ...

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Cashew sector gets major boost


A trilateral agreement has been signed between Ghana, Brazil and Germany – meant to foster research capacities in the Ghanaian cashew sector as well as to develop cashew apple processing capacities and a market for cashew by-products. Ghana is experiencing a yield gap with a production of 700 kilogrammes per hectare, whereas other countries, including Brazil, are producing about 1,200 ...

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Continental Free Trade Area extremely important for development


Mr Alan Kyeremanten, the Minister of Trade and Industry has said that the Continental Free Trade Area (CFTA) has become an extremely important strategy for development across the regions of the world. He said this was as a result of the increasingly depending globalisation and integration. Mr Kyeremanten was speaking at the opening of the two-day 2017 African Prosperity Conference, ...

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FES, ATUMNET holds conference on fair recruitment and labour migration in Accra


The African Trade Union Migration Network (ATUMNET), in partnership with Friedrich Ebert Stiftung, organised a conference in Accra to discuss issues bordering on fair recruitment in relation to labour migration. The conference which took place between September 11, and September 12, 2017 sought to explore better migration processes and to engage African governments to improve their economies in order to ...

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