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Ghana raises cocoa farmgate price again to $3,062 per metric ton

Ghana raises cocoa farmgate price again to $3,062 per metric ton

Ghana, the world's number two cocoa producer, has raised the fixed farmgate price paid to cocoa farmers for the second time this 2024/25 season to help boost farmers' incomes, President Nana Akufo-Addo said.  Mr. Akufo-Addo,

Business
Stanbic Bank, CADFund explore strategic partnership to boost investment across Ghana, Africa

Stanbic Bank, CADFund explore strategic partnership to boost investment across Ghana, Africa

On November 5, a Stanbic Bank team led by CEO Mr. Kwamina Asomaning met with a delegation from the China-Africa Development Fund (CADFund), headed by Chairman Mr. Wang Shao Dan. The meeting focused on exploring

Business
Deloitte Africa to host 2024 Financial Crime Symposium on November 20

Deloitte Africa to host 2024 Financial Crime Symposium on November 20

Deloitte Africa will mark International Fraud Awareness Week by hosting its 2024 Financial Crime Symposium on November 20, focused on the theme, "Cryptocurrency and Financial Crime: Navigating the New Frontier of Digital Threats." The symposium

Business
Malaysia Backs Ghana’s Bid to Lead Africa in Palm Oil Production

Malaysia Backs Ghana’s Bid to Lead Africa in Palm Oil Production

The Malaysia Palm Oil Council (MPOC) has pledged to support Ghana’s ambition to become Africa’s top palm oil producer. In a meeting organised by the Malaysian High Commission in Ghana, representatives from both countries discussed

Business
Japan Motors launches locally assembled Geely Vehicle Brand in Ghana

Japan Motors launches locally assembled Geely Vehicle Brand in Ghana

Japan Motors Trading Co. Ltd. (JMTC) has launched three “Geely” vehicle models in Ghana. The official unveiling on Wednesday November 6, has been described  “a significant expansion” of Japan Motors’ automotive portfolio in the country.

Business
Africa Must End Dollar-Based Crude Oil Pricing – ARDA President

Africa Must End Dollar-Based Crude Oil Pricing – ARDA President

The African Refiners and Distributors Association (ARDA) has asked 54 African countries to end the dollarization of petroleum products. They asked the African countries to build integrated infrastructure to guarantee energy security that is independent

Business
AngloGold Ashanti Reports Strong Q3 Earnings Surge

AngloGold Ashanti Reports Strong Q3 Earnings Surge

AngloGold Ashanti plc, a global gold mining company with a significant presence across four continents, posted a remarkable $236 million in headline earnings for the third quarter of 2024, marking a significant turnaround from a

Business
Petroleum Service Revenue Hits $301.2 Million in H1 2024; Local Firms Earn $27.5 Million

Petroleum Service Revenue Hits $301.2 Million in H1 2024; Local Firms Earn $27.5 Million

The total value of service recorded for the first half of 2024 in the petroleum upstream sector, according to the 2024 semi-annual report by the Public Interest and Accountability Committee (PIAC), amounted to $301.2 million.

Business
Nigeria’s fiscal deficit surpasses budget projections, reaches 7.6% of GDP

Nigeria’s fiscal deficit surpasses budget projections, reaches 7.6% of GDP

Nigeria’s fiscal deficit continues to swell, with recent figures showing a budget deficit of 7.6% of GDP as of August 2024, outpacing the approved 3.8% target for the year. This was revealed in the personal

Business
Gov’t Prepares to Launch $227.5Mn Tree Crop Project Aimed at Creating 20,000 Jobs

Gov’t Prepares to Launch $227.5Mn Tree Crop Project Aimed at Creating 20,000 Jobs

The government is set to launch a $227.5 million initiative on November 14, 2024, in Accra to boost Ghana’s agricultural sector and create 20,000 jobs. The project focuses on diversifying tree crops, improving productivity, and