Author: Dziffa Ametam
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Manufacturers appeal to government to help improve their competitiveness
As Ghana looks to develop through industrialization by creating at least one factory in each of its 260 districts, researchers say that the Industry sector, has been struggling to meet its full potential. The World Bank recently revealed that Ghana’s manufacturing sector declined by 14% in the second quarter of 2020 as a result of…
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Ghana achieved 6% of its $46 million processed foods export potential in Burkinabe market- Konfidant
Burkina Faso has been identified by research firm, Konfidant, as a top export market destination with the highest potential for Ghana’s processed foods and animal feed. In its report, Ghana’s Competitive Potential in the AfCFTA: A Country Competitiveness and Opportunity Assessment, the firm noted that Ghana has an estimated processed foods potential of over $46…
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Ghana’s productive capacity poor, compared to other AfCFTA countries – Konfidants
Research and advisory firm Konfidants, has revealed in its latest report titled, Ghana’s Competitive Potential in the AfCFTA: A Country Competitiveness and Opportunity Assessment, that when it comes to productive capacity in the manufacturing sector, Ghana lags behind the 11 frontier economies (Morocco, Kenya, Egypt, Côte d’Ivoire, Zambia, South Africa, Senegal, Tunisia, Nigeria, Cameroon, and…
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Ghana has reduced industrial activities prematurely – World Bank report
A recent report released by the World Bank has revealed that the decline of Ghana’s manufacturing sector has adversely impacted the industry sector. This, it says, has resulted in the industry sector reaching its peak at a time when the total value of the country’s output is lower. Comparing the situation in Ghana to other…
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Ghana’s manufacturing sector contracted by 14% in second quarter of 2020 – World Bank
Ghana’s manufacturing sector declined by 14.3% in the second quarter of 2020 as a result of the economic shocks of the coronavirus pandemic. This is according to a report by the World Bank titled, Ghana’s Economic Update: Structural Transformation and Labor Market Performance, Challenges and Opportunities. “The manufacturing sub-sector was heavily affected by the disruption…
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Rural-urban migration: Head porters share their plight
The failure of successive governments to bring rapid development to rural Ghana has contributed to the influx of young people from rural Ghana to urban Ghana in search of greener pastures. As Ghana moves to develop through industrialization, the living conditions of head porters, popular known as Kayayei, are a glaring reminder of how far…
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![One woman’s quest to transform Ghana’s cashew sector [Article]](https://citibusinessnews.com/wp-content/uploads/2021/04/cashew-processor.jpg)
One woman’s quest to transform Ghana’s cashew sector [Article]
As part of its plans to develop the agriculture sector, the government informed Ghanaians last year, that the nation will be adding more cash crops to cocoa, which grants it an annual revenue of $2.3 billion. The Minister for Food and Agriculture, Dr. Owusu Afriyie Akoto mentioned cashew, rubber, coconut, mango, shea, oil palm and…
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High-priced sanitary pads push women to use diapers
Sanitary pads are considered a luxury item by the Ghana Revenue Authority and thus, they attract an import tax of 20%. In a country that heavily depends on the economic participation of women, high prices of sanitary pads do not only widen the gender gap but prevent women from productively contributing to the development of…
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Promoting made-in-Ghana goods: Entrepreneurs share challenges with leading supermarkets
Ghana is one of the top producers of shea butter in the world. Ironically, the nation has not been able to successfully create beauty and cosmetic products out of its shea butter. In June 2019, the research firm Konfidant, released a report that over 90% of products within the Beauty and Cosmetics industry in Ghana’s…
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#GhBudget: Business owners share their expectations
As the country prepares to listen to the first budget presentation of President Akufo-Addo’s second term in office, various players in the Service, Industry and Agriculture sectors, are looking forward to interventions and policies that will protect their interests. Eyetcha Ocloo is the founder of The Shop Accra, a company that grants over 300 local…