Business – Page 12

Benjamin Commey Akrong Discusses the Downfall of Erstwhile Ghana Airways

February 18, 2025

In a recent interview, Benjamin Commey Akrong, a former executive of Ghana Airways, provided insight into the factors that led to the demise of the national carrier. He highlighted several critical challenges that the airline faced, which ultimately contributed to its inability to sustain operations. In conclusion, Benjamin Commey Akrong’s reflections on the downfall of...

Ghana, IMF discuss recent macroeconomic development

February 18, 2025

The fourth review of Ghana’s Extended Credit Facility (ECF) arrangement with the International Monetary Fund (IMF) is scheduled for April this year. Upon the completion of the review and the subsequent approval by the IMF Executive Board, Ghana would receive additional funding. This was disclosed in a statement issued by the IMF in Accra on...

Mahama Calls for African-Led Financing to Propel Development

February 17, 2025

Former President John Dramani Mahama has stressed the importance of African nations focusing on domestic resource mobilization as a primary means of financing their development. In a recent address, Mahama argued that reducing dependence on external funding is essential for achieving sustainable growth throughout the continent. He highlighted the need for self-sufficiency and sound financial...

Ghana Faces Cocoa Delivery Delays Amid Production Crisis

February 17, 2025

Ghana, recognized as the world’s second-largest cocoa producer, has announced a significant delay in the delivery of 370,000 metric tons of cocoa for the 2023/24 season. This figure has increased from the previously reported 350,000 metric tons, as stated by the Minister of Food and Agribusiness, who addressed a parliamentary committee on Monday. The delay...

NEWS GHANA RETRACTS AND APOLOGIZES FOR MISLEADING REPORT ON MIIF ACTING CEO JUSTINA NELSON

February 17, 2025

News Ghana has issued a formal retraction and apology for a misleading report targeting Justina Nelson, the acting CEO of the Minerals Income & Investment Fund (MIIF). The report, which contained unsubstantiated allegations against MIFF and Nelson, has been acknowledged as “inaccurate and misleading”. The online portal expressed deep regret for any distress or reputational...

DANGOTE PEUGEOT COMMENCES ASSEMBLY OF PEUGEOT 3008 GT IN KADUNA

February 14, 2025

Dangote Peugeot Automobiles Nigeria Limited (DPAN) has officially started assembling the Peugeot 3008 GT model at its state-of-the-art plant in Kaduna, Nigeria. This milestone marks a significant step forward in DPAN’s efforts to reestablish itself as a leader in Nigeria’s automotive market.The Peugeot 3008 GT boasts a powerful 1.6-litre turbo engine, expanding DPAN’s lineup of...

Ghana’s Economy Remains Vulnerable to Global Shocks, Warns World Bank

February 14, 2025

A newly released World Bank report on Ghana’s public finance review has sounded the alarm on the country’s vulnerability to global shocks. Despite Ghana’s impressive economic growth over the past decade, driven largely by oil production, the nation remains highly susceptible to external economic pressures due to its debt accumulation and reliance on oil-driven growth...

MINISTER ARMAH-KOFI BUAH SETS UP 18-MEMBER COMMITTEE TO DRIVE LAND SECTOR REFORMS

February 12, 2025

In a bid to transform the land sector, Lands Minister Armah-Kofi Buah has established an 18-member committee to provide strategic guidance and expertise. The committee’s primary mandate is to support the government’s efforts to improve land administration and management in Ghana.At the inauguration ceremony, Deputy Minister George Mireku Duker underscored the significance of the committee’s...

GHANA’S AGRIBUSINESS SECTOR POISED FOR GROWTH AS EXPORT VALUE CHAIN UNDERGOES REVITALIZATION

February 12, 2025

Dr. Eric Opoku - Minister of Agriculture

Okada Legalization Process Begins

February 11, 2025

The Minister of Transport, Joseph Bukari Nikpe, has initiated the process to legalize the commercial use of motorbikes, popularly known as Okada, in Ghana. This move follows the National Democratic Congress’s (NDC) 2024 election manifesto promise to legitimize Okada operations. On his first day in office, Mr. Nikpe directed the Driver and Vehicle Licensing Authority...