Category Archives: Ghana News
Ghana’s vision to increase its non-traditional export led to the development of the African Growth and Opportunity Act (AGOA) Strategy in 2016 after the US agreed to a renewal of AGOA over a ten year duration, from 2015 to 2025. In a validation workshop on AGOA Strategy, U.S. Ambassador to Ghana joined officials from the Ministry of Trade and Industry to identify best ways of rolling out the strategy. Also present at the event were producers, processors, and exporters – as the AGOA Strategy is heavily dependent on these sectors. At large, the strategy helps Ghanaian companies take advantage of AGOA, a trade preference provided by the U.S. government to African countries allowing duty-free access to certain goods.
To invest means to allocate money or a resource for a particular activity with the expectation of some benefit in the future. In other words, using money or resource to make more money or gain more resources. An opportunity on the other hand refers to the right time to take an action or pursue a course in view of getting the most maximum outcome. An investment opportunity is therefore the right time to allocate money or a resource so as to benefit from it in the future. Before one invests in a product or service, one must first know what and where to invest in. In other words, to be able to get returns in the future, one must invest in sectors that are thriving. In Ghana, these are “hot cake” areas that will be yielding the best returns for current investors:
As an environmental activist, I have come to appreciate that nature gives us everything. Our basis of life is dependent on nature and thus, it’s important that we see nature as our source of life rather than a resource for mere exploitation. It is this second line of thinking, which I believe has the people of Ghana troubled as the country’s vice president enters into an agreement to acquire $15 billion from China. The weariness of the citizens is very strong as the country strives to stop illegal small-scale mining which was largely driven by Chinese immigrants in Ghana.
Glo Ghana, the telecommunication giant in Nigeria and operating in Ghana and Benin, has been picked on by the Ghana Revenue Authority (GRA) to be owing tax from 2016 which is amounting to over 11 million Ghana Cedis. Glo has been playing a functioning role in internet usage for many Ghanaians and the telecom company has responded to this announcement with all urgency. It is an inconvenience to the company and they are aiming to pay off the debt to GRA by end of this week.
Rural urban migration offers an investment opportunity for the mortgage industry and financial institutions to develop a more effective way of giving clients access to owning an accommodation facility. Currently, over 40 per cent of sub-Saharan Africa population are residing in cities where there are growing housing challenges, thus, an opportunity for investment and also public-private partnerships (PPP) to curb the situation.
The government of the United States of America has given out scholarships which is worth 6 million USD to 140 Nigerian students across universities and colleges in Nigeria. At an orientation held for the 140 scholarship recipients, the Deputy Chief of Mission of the US Embassy in Nigeria mentioned that their move to provide this support to excellent students is geared towards alleviating financial barrier faced by most brilliant or talented students which prevent them from pursuing higher education, and also for most Nigerian students studying in the US. Mr. Aruna Amirthanayagam, the Deputy Chief of Mission of the US Embassy, also said that their advising centres in Abuja and Lagos assist high achieving, low income students to apply to US colleges and universities that will offer admission with full scholarships.
The Government of Ghana (GoG) is highly focused on developing the industrial sector of Ghana as machinery and equipment needed for the One District One Factory programme is being manufactured in Ghana. This development was expressed by the Minister of Environment, Science, Technology and Innovation during his speech at the open day of the Crop Research Institute (CRI) of the Council for Scientific and Industrial Research (CSIR) in the Ashanti Region of Ghana. The open day of the CRI of the CSIR focused on the theme: “Enhancing agricultural research for food security and job creation”.
Ghana hosted the 2nd edition of the African Clean Up Conference through the Green Africa Youth Organization. The event was held at Hans Cottage Botel in Cape Coast, Ghana during the weekend. This was to match up with the action the desires of the convener of the conference, African Clean Up Initiative, a non-governmental organization in Nigeria and also the convener of the Clean Up Nigeria Project for Africans to begin to take responsibility in solving their environmental challenges in both indigenous and creative ways.
ASKY, a pan African airline formed by key players in Africa such as Bank for Investment and Development (EBID), the West African Development Bank (BOAD) and the ECOBANK Group, as part of its mission to connect West Africa and central Africa more easily with the focus of making business and leisure travel easily as well as reducing the flying time for travelling between the two regions of Africa, has inaugurate daily flights in Accra, Lagos and Abuja which started on July 3, 2017.
Professor Frimpong Boateng, Minister of Environment, Science, Technology, and Innovation, at a media briefing on responsible and regulated mining methods made known that the government of Ghana is currently strategizing to place a ban on the import of mercury by the end of the year. Mercury, which is a primary resource used by illegal small scale gold miners, pose a lot of health threat to humans and the ecosystem at large as the substance is widely recognized to be carcinogenic.
The Federal Republic of Switzerland has earmarked an amount of $80 million to support the enhanced competitiveness of Ghanaian enterprises in the global market space, as well as help in government’s efforts at diversifying the Ghanaian economy.
On Saturday 15 July, DFID funded International Citizen Service (ICS) and UK-based NGO Challenges Worldwide will be holding a presentation at the Kumasi Academy in celebration of World Youth Skills Day. The event is a three-hour showcase in a variety of skill sets. Almost 100 students aged 15 to 17 years will be learning and participating in workshops from a wide range including first aid, public speaking, presenting and robotics.
Trade between Switzerland and Ghana was worth CHF 2.38 billion in 2016, a significant increase over the previous year
South Africa Airline has awarded SATGURU Travel and Tour with a platinum award to recognize them as the number one agent while STELLAR Travel Limited also received a platinum award as the number two agent for the airline. “We are confident that with your excellent partnership and support, SAA’s impressive route network, enhanced in-flight experience and customer focused service delivery, you will put us ahead of competition by choosing SAA for best connectivity of flights across southern Africa and beyond,” the South African Airline Country Manager in Ghana, Ms. Gloria Yirenkyi, said.