The Akyem Mine, located in the Birim North district of the Eastern region of Ghana, was conceived through exploration activities by Normandy Mining in the mid-1990s.
With Newmont acquiring Normandy in 2002, exploration was intensified to confirm and define the gold resource in the years that followed. Backed by the...
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU
To escape the looming ‘middle-income trap’ - a phenomenon wherein countries experience stagnating growth and fail to transition into high-income status despite positive economic indicators - middle-income countries, including Ghana, are being urged to adopt new growth strategies...particularly tech-infusion.
This call, made...
A surprise uptick that saw inflation reach 21.5 percent in September has seen the Bank of Ghana (BoG) revise its year-end inflation target to 18 percent, citing upside risks including some geopolitical developments.
Governor Ernest Addison announced the adjustment during a joint press briefing with the International Monetary Fund (IMF)...
By: Enoch K. AKUFFU-DJOBI
Seasonality has a significant impact on the operations, demand, and revenue cycles of many industries. For Ghanaian banks, seasonality can manifest as fluctuating customer activity, varying cash flows, and shifting financial needs.
From agricultural harvests to holiday spending sprees, Ghana's distinct cultural and economic rhythms can have...
Challenges facing the supply and storage of (LPG Liquefied Petroleum Gas) has been attributed to shortage of adequate storage tanks.
Mr. Abass Ibrahim Tasunti, Director-Regulation and Planning, NPA, admitted that while there are reserves, they aren’t always sufficient to meet demand. He attributed the inadequate storage infrastructure to limited investment...
Painfully, political interference and poor transparency have emerged as the most significant roadblocks to oil exploration, as cited by 45 percent of respondents in Deloitte’s ‘Oil and Gas Survey Analysis Report’.
They are seen as major barriers to the sector’s growth, affecting decision-making and project implementation. This echoes concerns prevalent...
By Deborah Asantewaah SARFO
The International Finance Corporation (IFC), a member of the World Bank Group, has climaxed the third EDGE Design Students Competition by awarding the contest's top-three winners for their outstanding solutions.
The competition's 2024 edition was held under the theme 'Promoting affordability and efficiency through passive design' to...
In a significant move towards enhancing energy efficiency and sustainability, Emirates has partnered with Etihad Clean Energy Development to launch a large-scale solar energy project at the Emirates Engineering Centre in Dubai.
The signing ceremony took place at the World Green Economy Summit 2024 in the presence of Sheikh Ahmed...
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU
The Bank of Ghana (BoG) has revised its year-end inflation target to 18 percent, citing upside risks including some geopolitical developments.
This would however represent a significant improvement over the 23.2 percent recorded at end-2023 and 54.1 percent a year earlier.
Governor Dr....
… at inaugural Boardroom Summit
By Ebenezer Chike Adjei NJOKU [email protected]
A strong corporate governance culture, especially among state-owned enterprises (SOEs), will prove crucial in safeguarding the nation’s economic stability and ensuring it does not regress into unsustainable debt levels.
This message was forcefully delivered by a number of key stakeholders, spearheaded...