Ghana and Ivory Coast, the world’s largest producers of cocoa, will soon set up a Cocoa Stabilisation Fund Account under the respective cocoa initiatives of both countries. Two accounts will be created – one in Ghana and the other in Ivory Coast, both of which are provided for in the Ghana-Cote d’Ivoire Co-operation Charter. Chief […]
The Ghana Investment Promotion Centre (GIPC) has signed a Memorandum of Understanding (MoU) with Malta Enterprise, Malta’s economic development agency, tasked with attracting new foreign direct investment as well as facilitating the growth of existing operations, on 24th June 2019. The MoU empowers both parties to set up a strategic think-tank composed of officers from […]
Ghana’s leading telecommunications company, MTN over the weekend held a customer soirée for its customers and stakeholders in the Eastern Region. The event which took place on Saturday July 6 2019 was to gel and bond with customers of the company in the region and to reward them for their continuous support and patronage. Chief […]
Ghana is ready to donate $10 million to the African Union to support the operationalisation of the secretariat of the African Continental (AfCFTA) Free Trade Area. Consequently, government has set up an inter-ministerial committee to work with the African Union (AU) Commission towards this end. The Extraordinary Summit of the Assembly of Heads of State […]
Ghana has been selected as the country to host the secretariat of the African Continental Free Trade Area (AfCFTA). A review committee said Ghana was awarded the right based on regional balance formula. Ghana beat six other countries; namely, Egypt, Eswatini, Ethiopia, Kenya, Madagascar and Senegal, which had submitted their bids to host the secretariat. […]
After years of kicking and screaming, corporate executives have finally released pay data on what their CEO makes versus their median worker. Unsurprisingly, the gap is obscene. The average chief executive of an S&P 500 company earned 287 times more than their median employee last year, according to an analysis of the new federal data released Tuesday […]
Ghana and Côte d’Ivoire have established a new pricing mechanism for trade in cocoa beans. A $400 per tonne living income differential has been instituted to guarantee the floor price. This system takes into account a fixed income differential that will provide farmers with a decent income. The two countries, which are the world’s top […]
The United Nations Conference on Trade and Development (UNCTAD) has asked African countries to remove trade barriers from the continent, in fulfilment of the African Continental Free Trade Area (AfCFTA) agreement onto which they signed in May this year. In its latest Economic Development in Africa (EDA) Report, UNCTAD said it was important for African […]
Two international oil exploration companies have been declared winners two oil blocks of the first licensing round of oil exploration. First Exploration and Petroleum Development Company, in partnership with Elandel Energy (Ghana) Limited as local partner, won the bid for block GH_WB_02. Similarly, Eni Ghana Exploration and Production Limited, in partnership with Vitol Upstream Tano […]
The National Entrepreneurship and Innovation Programme (NEIP), under the Ministry of Business Development, is living up to its mandate of developing the entrepreneurial eco-system by attracting investors to set up businesses in Ghana to employ more Ghanaians. Speaking on behalf of the Chief Executive Officer (CEO) of NEIP after receiving a delegation of Indian investors […]
Four environmental civil society organisations (CSOs) have sent a strong signal to all mining companies bidding for bauxite mining in the Atewa Forest that the prospect of bauxite mining in the legally protected forest is highly contested. The intention is to warn mining companies to be mindful of the damage that mining activities will cause […]
The management of Ghana Exim Bank has refuted a story published in The Herald newspaper alleging that an amount of GH¢33 million had gone missing at the bank. The bank in a rebuttal described the publication as misleading, malicious, mischievous and one which lacks any factual basis. A statement issued by the management of the bank […]
