President Nana Addo Dankwa Akufo-Addo has reiterated his government’s commitment to strengthening the second arm of government - parliament, for its role in deepening the country’s democracy. In a statement delivered on his behalf by the Chief of Staff, Akosua Frema Opare, at the launch of the 30th Anniversary of the Fourth Republican...
The Ghana Trade Fair Company Limited (GTFCL) is set to host the 2023 Ghana International Trade Fair (GITF) aimed at building and supporting small and medium enterprises to meet the global export market. Announcing the upcoming event in a press release, GTFCL’s Chief Executive Officer, Dr Agnes Adu, said building...
President Akufo-Addo has been rescheduled to address Parliament on the state of the nation on March 8, 2023, instead of February 28 as earlier announced. Presenting the House’s business statement for the ensuing week, Majority Chief Whip, Frank Annoh-Dompreh, said: “the message of the state of the nation would not...
Ghana’s latest ratings downgrade drives Cedi lower The Cedi weakened against the dollar, trading at 12.76 from 12.38 at last week’s close as Fitch Ratings cut Ghana’s foreign currency credit rating to ‘restricted default’ after the country missed a $40.6m coupon payment on one of its outstanding Eurobonds. The downgrade...
EU sanctions disrupt global seaborne crude oil and oil products trade Gulf producers are balancing the markets in Europe and Asia Brazil and Guyana have become notable suppliers to Europe Other producers in Africa and Latin America could enter new markets in 2023 With EU bans on Russian oil...
Highly-publicised tax disputes between the Ghana Revenue Authority (GRA) and some multinational firms will not damage the country’s reputation as a coveted investments destination, tax expert Dr. Abdallah Ali-Nakyea has argued. Rather, if handled well, he said they can bolster investor confidence that the country’s tax administration and laws are...
Delays in ratifying the African Union’s protocol on the free movement of persons could threaten the successful implementation of the African Continental Free Trade Area (AfCFTA), Senior Strategy Advisor, United Nations Development Programme (UNDP), Dr. Joy Kategekwa, has said. The free movement protocol aims to achieve regional connectedness, integration, broader...
The Ministry of Communications and Digitalisation is in the final stages of adopting the digital economy policy document, a move that is expected to consolidate gains in the economy’s digital transformation. This was disclosed by Director-General of the National Information Technology Agency (NITA), Richard Okyere-Fosu. He said the soon-to-be-adopted document...
Gold Fields Ghana production fell by four percent to 838,000 ounces (koz) in 2022 from 871, 000 (koz) in 2021, primarily driven by decreased production at the Damang Mine due to completion of the Damang pit cutback as well as lower production at Asanko. The Company in a statement indicated...
Government in collaboration with the United Nations Network on Migration (UNNM) and European Union (EU), has launched a migration partnership project. Dubbed ‘Building migration partnerships in Ghana', the project aims to improve the capacity of key stakeholders in the migration sector - including the government of Ghana - for effective...