Ghana News Archives - Page 2 of 5

Invest In Ghana: Discover Some Top Reasons To Invest In Ghana’s Brown Gold- Cocoa

29Apr

By Africa BusinessNo Comments

Business, Ghana News, Main

Invest In Ghana: Discover Some Top Reasons To Invest In Ghana’s Brown Gold- Cocoa

Ghana, known for its abundant natural resources and friendly people, is also the world's second largest producer of cocoa. This cash crop has been a driver for economic growth for decades, and its importance has remained steadfast in the midst of globalization. The impact of cocoa production in Ghana has been evident throughout the country and has provided much-needed employment opportunities. The industry has also been a great source of revenue for the government, enabling them to invest in public services and support development in the nation. Clearly, the cocoa industry has been and still is a critical aspect of Ghana's society and economy. The cocoa value chain is extensive spanning farming to processing and manufacturing of cocoa and chocolate products. While cocoa serves as a fund...

3Mar

By Africa BusinessNo Comments

Business, Ghana News

Yofi Grant, CEO of GIPC, is the African business personality of the year 2022, and Ghana represented by GIPC is the best FDI destination in Africa

Yofi Grant, the esteemed CEO of the Ghana Investment Promotion Centre (GIPC), has been honored with the prestigious title of African Business Personality of the Year 2022 by International Investor Magazine. This coveted award recognizes Yofi Grant's outstanding leadership and contributions to promoting investment and economic growth in Ghana and across Africa. Furthermore, GIPC, representing Ghana, was also awarded "Best FDI Destination in Africa for 2022," solidifying its reputation as an innovative leader in fostering foreign direct investment opportunities in Ghana and the continent as a whole. It is a major milestone for the GIPC and illustrates the hard work and dedication of the CEO in steering Ghana to become one of Africa’s most attractive investment destinations on the back of ...

MultiChoice Africa Accelerator Programme set to boost prosperity of African small and medium-sized businesses (SMME)

28Feb

By Africa BusinessNo Comments

Angola News, Ethiopia News, Ghana News, Kenya News, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), Senegal News, South Africa News, Startups, Zambia News

MultiChoice Africa Accelerator Programme set to boost prosperity of African small and medium-sized businesses (SMME)

MultiChoice shortlists 11 start-ups to pitch for international funding and take their small businesses to the next level At a time when unemployment challenges and economic instability are high, small and medium-sized businesses (SMMEs) are proving to be the engines of economic growth and job creation throughout the African continent. In recognition of the critical role SMMEs play, MultiChoice launched the MultiChoice Africa Accelerator programme which trained 29 businesses across 9 African countries in key entrepreneurial skills. As the second leg of the programme, a panel of experts has selected 11 of the most promising small businesses and invited them to pitch to prospective international investors in Dubai. “There’s no denying the impact African SMMEs have on job creation and econ...

Invest Africa: 6 Reasons To Choose Ghana

22Feb

By Africa BusinessNo Comments

African News, Events, Ghana News

Invest Africa: 6 Reasons To Choose Ghana

As the world gradually emerges from the ruins of the recent economic recession, the search continues for the next hotspot for global commerce. Emerging markets in Africa, Latin America, and the Middle East are being viewed as possible new engines of economic growth. Amid the hot debates and ponderings, the case for Africa has grown stronger than ever, as it keeps exhibiting strong indications for a significant takeoff soon. Not only is Africa the second-largest continent in terms of area and population, but it also has a wealth of untapped natural resources, enormous potential for sustainable agriculture, and, as of recently, the Africa Continental Free Trade Area (AfCFTA), which has created the largest free market in the world. With the ongoing economic revival in Africa, Ghana has esta...

Blockchain Africa Conference 2023: Gearing African businesses to compete in the global marketplace

31Jan

By Africa BusinessNo Comments

Fintech, Ghana News, Kenya News, Nigeria News, South Africa News

Blockchain Africa Conference 2023: Gearing African businesses to compete in the global marketplace

The adoption of blockchain technology has gained traction in South Africa, Kenya, Nigeria and Ghana – resulting in more efficient and lower-cost cross-border payments to facilitate African businesses conducting trade abroad1. This shift can be attributed to an increase in global ratification of the technology where approximately 44% of the top 100 public companies2, including tech giant Amazon, Tencent, Nike and MacDonalds. More and more businesses are venturing towards the new technology prompted by the need for increased trust, security, transparency, and traceability of data shared across business networks. Moreover, the most significant appeal of blockchain technology in an African context is that it is both cost-effective and efficient, for which there is a real need and can potential...

1Dec

By Africa BusinessNo Comments

Business, Events, Ghana News

African e-commerce users are expected to exceed 500 million over the next three years

The new event facilitates strategic African trade opportunities With the number of African e-commerce users expected to exceed half a billion over the next three years, there is an increasingly urgent need for sophisticated logistics systems to strengthen and support the continent’s expanding transport infrastructure. The pandemic served as a catalyst for the advancement of the global e-commerce market and has given rise to a number of trends that impact the logistics industry. Not only are consumers demanding quicker delivery times, but the costs of servicing the last mile are increasing, which has retailers and logistics operators working hard to improve and develop their distribution models so that they can cut inefficiencies and keep stock nearer to consumers. [1] It is with the pri...

30Oct

By Baker McKenzieNo Comments

Egypt News, Energy, Ghana News, Kenya News, Morocco News, Namibia News, Nigeria News, South Africa News, Tanzania News, Uganda News

Africa: Energy transition policies and regulatory developments light up across the continent

Across the continent, countries in Africa are gearing up for the energy transition by implementing policy and legislative frameworks that take into account the energy crisis and the need for a renewable, decarbonized, decentralized energy supply that addresses climate change and the commitments made under the Paris Agreement. Ahead of the United Nations Climate Change Conference, COP 27, in Egypt in November this year, lawyers in Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, South Africa, Tanzania and Uganda have outlined the efforts taken by the governments in their countries to address this urgent need to harness renewable power. Such efforts are expected to provide exciting opportunities for investors in the African energy sector. Egypt Lamyaa Gadelhak, Baker McKenzie Cairo Partner ...

Africa Trade Insurance (ATI) and Government of Ghana sign RLSF MOU to promote access to reliable, clean, and affordable electricity in the country

8Sep

By Africa BusinessNo Comments

Energy, Ghana News

Africa Trade Insurance (ATI) and Government of Ghana sign RLSF MOU to promote access to reliable, clean, and affordable electricity in the country

Ghana becomes the ninth ATI Member State to sign the RLSF MoU Ghana’s onboarding of RLSF will lead to significant progress in de-risking renewable energy projects, which should spur additional investments from project developers and lenders owing to the improved risk profile of the projects. RLSF is a joint initiative of ATI, the KfW Development Bank and the Norwegian Agency for Development Cooperation (Norad) In line with its mission to promote access to reliable, clean, and affordable electricity, the Government of Ghana has signed a Memorandum of Understanding (MoU) with the African Trade Insurance Agency (ATI) for the roll out of the Regional Liquidity Support Facility (RLSF) within the country. RLSF, a joint initiative of ATI, the KfW Development Bank and the Norwegian Agency...

4Jul

By Jana BothaNo Comments

Ghana News, Kenya News, Main, Namibia News, Nigeria News, South Africa News, Tanzania News, Zambia News, Zimbabwe News

Indirect tax developments in Sub-Saharan Africa

By Jana Botha, VAT Consultant, Baker McKenzie Johannesburg There have been significant developments in indirect tax within Sub-Saharan Africa (SSA) in the past year. The vast majority of developments have been based around VAT amendments and policies, as well as general budget updates for 2022 across SSA. This article includes key developments from Ghana, Kenya, Namibia, Nigeria, South Africa, Tanzania, Zambia and Zimbabwe. Ghana The Parliament of Ghana passed the Value Added Tax (Amendment) Act, 2021 (Act 1072) to bring VAT proposals into effect. The Amendment Act came into force 1 January, 2022. The policy includes a revision of the VAT flat rate scheme (VFRS). Act 1072 has now revised the application of VFRS to only cover retailers of goods where the value of taxable supply is betw...

Public Private Collaboration is Key to a Sustainable Mining Sector in Africa

2Jun

By Africa BusinessNo Comments

African News, Business, Events, Ghana News

Public Private Collaboration is Key to a Sustainable Mining Sector in Africa

Leading event in Accra shines a spotlight on responsible change The town of Obuasi in the Ashanti region of Ghana, West Africa, has a long and rich mining history. In 1897, large scale commercial and industrial mining began at the Obuasi Gold Mine and continued for over a century until its closure in 2014 for major restructuring. In 2018, a $500 million investment from AngloGold Ashanti was approved for the redevelopment of the Obuasi mine, with first gold poured in 2019. Today, the project is in its third phase, with construction currently underway to develop the necessary supporting infrastructure to sustain a ramp-up in production by the end of 2023. According to Eric Asubonteng, Managing Director of AngloGold Ashanti, the Obuasi redevelopment project is an excellent example of publi...