The Federation of Associations of Ghanaian Exporters (FAGE) is urging the government to pay more attention to the horticulture sector in the country, highlighting its significant role in driving economic growth. The federation expressed worry over the inability of stakeholders to thrive, citing several challenges faced with regard to limited international exposure, inconsistent supply volumes, … Read more
Oasis Capital Ghana, a leading growth capital fund manager focused on West Africa, has announced the successful first close of its US$100 million Oasis Africa Fund II (OAF II). The fund has secured US$33.3 million in capital commitments and expects to raise the remainder by the end of June 2025. This latest fund builds on … Read more
Ratings agency Moody’s has indicated a potential upgrade for Ghana’s credit rating following the country’s Eurobond exchange. The New York-based firm announced that it has completed a periodic review of Ghana’s ratings, which include long-term issuer ratings of Caa3 for local currency and Ca for foreign currency. These ratings reflect the government’s ongoing debt restructuring … Read more
There is the need for collective action on the implementation of cross-border mobile money interoperability to accelerate business and trade across the continent, Judith Adumua-Bossman, Mobile Financial Services Manager, Telecel Ghana, has said. Speaking on the readiness of telcos for cross-border interoperability at the Africa Prosperity Network’s Symposium on ‘Scaling Up Interoperability: Using Mobile Money … Read more
Meeting chiefs of the Nzema area this week, Ghanaian President, Akufo-Addo, pledged to amicably resolve the increasingly protracted impasse between one of the country’s local oil companies, Springfield, and a consortium made up of Italian oil major, ENI and its Swiss partner, Vitol. Attempts by the Government of Ghana to force a “merger” of the separate petroleum … Read more
Governor Dr Ernest Addison Advertisement Bawku Central Lawmaker Mahama Ayariga has written to the Police to officially inform them about a planned demonstration against the Governor of the Bank of Ghana. In the letter to the Police, Mr. Ayariga said that the protest march is to continue to demand the resignation of the Governor of … Read more
File photo Advertisement The Chief Executive Officer of the Petroleum Commission, Egbert Faibille Junior, said foreign companies operating in the upstream oil and gas industry in Ghana are required to incorporate Joint Ventures (“JV”) with their Indigenous Ghanaian Company (IGC) counterparts. “As an alternative to the JV arrangement, the Petroleum (Local Content and Local Participation) … Read more
Advertisement Deloitte Ghana and Petroleum Commission have jointly held a webinar on ‘Understanding the Local Content Regime in the Upstream Oil and Gas Sector Ghana’. The webinar, which was highly participated, sought to deepen the discourse on the current local issues pertaining to the upstream oil and gas sector from three perspectives – Regulator, Consultant … Read more
Enyonam Apetorgbor is a Financial Analyst Advertisement The continuous escalation of the cost of doing business in Ghana under this model not only raises questions about its effectiveness but also casts doubt on the Minister’s claim of reviving the country’s battered economy. Investing in Ghana today, under these circumstances, is akin to fetching water in … Read more
Advertisement The Ghana Plastic Manufacturers’ Association (GPMA) and its Partners have called of their intended strike scheduled for July 10, 2024. The GPMA in a press release dated July 8 said the strike has been called off to enable them engage in further discussion with the Ministry of Trade and Industry. “The Ghana Plastic Manufacturers’ … Read more