Category: Manufacturing
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Dangote plans to set up office in U.S. to preserve family’s wealth
Africa’s richest man, Aliko Dangote plans to take office space in New York to help diversify his investments. He also wants to avoid the risk of currency fluctuations on the continent, according to Bloomberg. The owner of the biggest cement company in sub-Saharan Africa will use the base and an existing one in London to…
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Ten Ghanaians who secured bigger roles in the corporate space in 2019
The Ghanaian corporate landscape saw a number of movements as key personnel got new appointments, while some left their roles for various reasons. In this piece, we take a look at some of the corporate movements that made the headlines. Patricia Obo-Nai, Vodafone Ghana For Ghanaians, the appointment of Patricia Obo-Nai as Chief Executive of…
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Bonwire Kente weavers urge gov’t to stop importation of imitated kente
Kente weavers at Bonwire in the Ejisu Municipality of the Ashanti Region are calling on government to ban the importation of imitated Kente fabrics to protect the local kente industry. Kente, which is a Ghanaian product, represents royalty and pride especially in the Ashanti Region where its root is traced to Bonwire. The cloth, which…
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Mining and quarrying sub-sectors push November Producer Price Inflation to 9.9 %
The Producer Price Inflation (PPI) saw an increase of 9.9 percent for November 2019. This represents a 1 percentage point increase from 8.9 percent in October 2019. The PPI measures the average change in the prices received by domestic producers for the production of their goods and services. Novembers’ Producer Price inflation which is the…
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10,603 jobs created under 58 one district, one factory projects
Government says its flagship one district, one factory industrialization policy has led to the creation of about 10,603 direct jobs through the implementation of more than 50 projects. A list of companies currently in operation under the flagship policy shows that 58 companies are involved in different sectors of the economy ranging from pharmaceuticals, agribusiness…
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World Bank Country Office signals reduction in number of development projects
The World Bank Country Office says it will be cutting down on the number of projects it undertakes in Ghana to focus more on larger projects that will achieve bigger impacts. The Bank’s Country Director Pierre Laporte speaking at the commencement of stakeholder consultations with other development partners said the World Bank is seeking to…
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181 projects under 1D1F at various stages of implementation — Trade Minister
Trade and Industry Minister Alan Kyerematen has said the government’s flagship programme, One district, One factory, has so far witnessed about 200 companies that are at various stages of implementation. The projects, Mr. Kyerematen said, cover a spread of 112 districts of the 275 districts in the country. He further explained that the list includes…
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Akufo-Addo urges Ghanaian businesses to explore opportunities in South African market
President Nana Addo Dankwa Akufo-Addo has urged Ghanaian businesses to explore opportunities offered by the Africa Continental Free Trade Agreement to venture into countries such as South Africa. The President was speaking in Accra at the Ghana-South Africa Business Roundtable meeting which was also attended by his counterpart, Cyril Ramaphosa. Ghana and South Africa have…
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Ghana Federation of Labour urges gov’t to protect local industry from pirated textiles
The Ghana Federation of Labour has reiterated its call on government to ensure that the local textile industry is protected from counterfeit and pirated products. This follows an exercise by the Ghana Standards Authority that clamped down on dealers of pirated textiles in parts of Accra last week. The Deputy Secretary General of the Ghana…
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Textile industry workers commend GSA over crackdown on fake textiles
The Textile, Garment and Leather Employees’ Union (TGLEU) has commended the Ghana Standards Authority (GSA) over its decision to clamp down on people selling substandard African wax prints. The Union in a statement said these substandard products which have flooded the markets, pose serious health risks as the quality of chemical used in manufacturing the…