Category Archives: Ghana News

Ghana News

Clean Energy West Africa Summit Confirms Workshop for Ecowas-Based Clean Energy Start-Ups

In partnership with the Climate Innovation Center, Ghana, the Clean Energy West Africa Summit will host the first incubator workshop in April which will look at how entrepreneurs can build, develop and sustain clean energy businesses.

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Tullow Oil to Focus on Free Cash Flow in Reducing Debt

Tullow Oil

With 2016-end year post tax loss of 600 million USD, operating cash flow of 800 million USD, and revenue of 1.3 billion USD, Tullow oil has made notice that it will not be paying shareholder dividends.

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IMF Staff Concludes Visit to Ghana

A team from the International Monetary Fund (IMF), led by Joël Toujas-Bernaté, visited Accra from February 6-10, 2017 to take stock of the 2016 economic developments and the outlook for 2017, engage in a dialogue about the new government’s economic plans, and discuss prospects for program engagement with the IMF. [1]

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Canadian Government to Invest $120m into Ghana’s Agricultural Sector

The newly appointed Minister of Agriculture, Dr Owusu Afriyie Akoto has announced the kick-start of a project termed ‘Planting for Food & Jobs programme’ under Ghana’s agricultural sector which is set to receive 125 million Canadian Dollars investment from the Canadian government. According to the minister, the project will create over 750,000 jobs for the youth. The project is scheduled to commence this March and to continue during the next farming season this year. The project seeks to create a sustainable food security structure for all people across the country. Planting for Food & Jobs will be operating under five main components: supply of improved seedlings, provision of fertilisers, extension services, marketing for produce and e-agriculture. Ken Ofori-Atta – Ghana’s Finance Minister represented the government of Ghana to sign the agreement which allows the release of the funds. The Canada government was represented by Ms Heather Anne Cameron, the Canadian High Commissioner to Ghana.

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Ghana Insurance 2017

Emerging Trends in Ghanaian Insurance Market—An Overview

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Ghana Securities and Capital Market

A Broad-ranging Outlook on Ghana Securities and Capital Market

According to a new research, the GDP for Ghana is expected to reach a significant growth rate of 7.5% by 2018, showing a steady growth attracting investors. Despite the bad debt levels, the GDP manifested a steady growth of 3.9% at the end of 2015 as Ghana’s market attracted a lot of investors. Ghana has boomingly become the third-largest growing economy in Africa and exhibited profound economic growth. With the course of time, the Government of Ghana has taken various strategic initiatives to broaden the horizons for international investors entering the market. The country’s proclivity for becoming a security-oriented market has been justified with the latest developments in Ghana. Ghana’s capital market is gradually developing and increasingly beginning to play pivotal role and helping to attract long-term capital for financing economic activities.

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University of Ghana Hunted by Filth

The University of Ghana is one of the finest higher educational institutions of excellence in Africa. The university’s environment undoubtedly constitute one of the most beautiful communities in Ghana: excellent infrastructure, spatially classic navigation, greenery and serene breezes, and envious sanitary views, are, but only a few attributes of the wonderful environment of the Premier University which many of us boast of, and continue to attract many excellent candidates all over the world. The significance of this decent environment and how it positively influences the attitudes and lifestyles of members of the university community is amazing. As opined by one product of the Premier University: “it is always difficult to litter around indiscriminately after you spend a full semester on campus and you are back in town, though, that seems to be the normal practice”. Yes! That is positive and this is how it should be.

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Ghana Might Face Charges from IMF for Unaccounted GHC7 Billion

Ghana might face charges from International Monetary Fund (IMF) as the country’s economic figures seems fishy, says the new government. The new government, led by the Vice President had announced that the previous government – the National Democratic Party (NDC) has refused to account for a 7 billion Ghana Cedis which was spent during their term in government. However, the NDC government and the current minority in parliament, claims that the money was being used for an ongoing initiative on government contracts and expenditure which forms part of the Ghana Integrated Financial Management Information System. They furthered to express that it is of their expectation to see the current government continue that initiative.

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Ghana and Nigeria to Influence AWG Market Size By Residential Application

Water scarcity – including availability and distribution, is one of a global challenge that requires immediate attention. A report from Global Market Insights, Inc on Global Atmospheric Water Generator (AWG) Market size indicated that the sector was worth USD 800 million in 2015 and is forecast to exceed USD 8 billion by 2024 driven by technological innovations.

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Dangote’s Upcoming Refinery Threatens Ghana’s Oil Refinery

Ghana’s Tema Oil Refinery, following recent expansion news to double capacity, has also figured out an urgent need to reinforce its activities to enable it to have a fair beneficial share of upcoming multi-billion dollar refinery by Africa’s richest Aliko Dangote of Nigeria.

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