Equities to dominate investment portfolios in second half of 2024 -Standard Chartered’s Global Market Outlook

Ghana Bauxite Company Limited (GBC) has signed a financing mandate with Ecobank Ghana PLC for proposed facilities of up to US$250 million to expand and modernise its mining operations at Awaso, in a move expected to strengthen production capacity and support Ghana's ambition to process more of its bauxite locally.

A major constraint on trade financing across Africa has been overcome with the Ministry of Trade, Agribusiness and Industry signing an international convention aimed at making goods moving by road, rail and other transport modes easier to use as security for bank loans.

Comprehensive geological mapping is essential to delineating concessions for small-scale and large-scale mining operators and preventing operational conflicts between local miners and multinational companies, Denis Gyeyir, Programme Manager for Resources Futures in Africa at the Open Society Foundations, has said.

Government faces mounting pressure to convert its expanding youth population into productive employment, with nearly two million young people neither working nor in education or training - highlighting the challenge of translating economic growth and macroeconomic stability into decent jobs.

Ghana’s lower-rate cycle is forcing banks to prove that growth can survive without the unusually high yields of recent years.

Small and medium-sized enterprises (SMEs) across all 16 regions are to benefit from a national business pitch competition aimed at improving access to funding, strengthening business capacity and creating jobs.

The Institute of Economic Affairs (IEA Ghana) has launched a one-year initiative to assess the institutional, regulatory and workforce requirements for Ghana’s nuclear power programme as the country works towards the stage at which it can invite bids or negotiate a contract for its first nuclear power plant.

The Ghana Association of Banks (GAB) has raised concerns over the low recovery rate of funds lost to fraud across the country’s banks and specialised deposit-taking institutions (SDIs) - estimated at only about 5 percent - and called for stronger intelligence-sharing among financial service providers.