Category: Manufacturing
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Ghana to receive 20% equity share for refining gold locally
Accra, Nov.10, GNA – Ghana will receive a 20 per cent free equity share for gold refined locally when Royal Gold Ghana Limited begins operation this year. Currently, all the gold produced by mining companies in the country are refined outside, therefore, the government gains nothing from gold refined abroad. In that vein, the government…
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2022 budget: Stakeholders in manufacturing sector demand policies for stable economy
On November 17, the Finance Minister, Ken Ofori-Atta, is expected to present the budget statement for the 2022 fiscal year. Ahead of this presentation, stakeholders are hopeful that issues such as Ghana’s debt sustainability, illicit financial flows, unemployment, reduction of the revenue and expenditure gap, and many others will be addressed. Managing Director of fast…
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Akufo-Addo calls for increased Japanese investments in Ghana
President Nana Addo Dankwa Akufo-Addo has called on Japanese companies to channel their investments into Ghana’s manufacturing sector. According to the President, close collaboration between Ghana and Japan especially in the area of industrialization will among other things help in reducing unemployment in the country. He made the remarks at the formal opening ceremony of…
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Former President Mahama calls for increased funding of SMEs to reduce unemployment
Former President, John Mahama has charged African leaders to actively offer funds and tax waivers to Small and Medium-Sized Businesses on the continent to help reduce unemployment as the continent tries to recover from the impact of the Covid-19 pandemic. He made the remarks while delivering the keynote address at the 3rd annual edition of…
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Artisanal Palm Oil Producers want 50% reduction in benchmark values reversed
While the Ghana Union of Traders Association, GUTA is calling for the maintenance of the 50% benchmark values reduction policy, Artisanal Palm Oil Millers and Outgrowers say the policy is deepening their woes amidst the Covid-19 pandemic. According to the Artisanal Palm Oil Millers and Outgrowers Association, the policy is rendering locally produced crude palm oil…
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Toyota Tsusho’s vehicle assembly plant commissioned in Ghana
Toyota Tsusho Corporation (“Toyota Tsusho”) announced that TOYOTA TSUSHO MANUFACTURING GHANA CO. LIMITED (“TTMG”) became the first Japanese company to start vehicle assembly in the Republic of Ghana by beginning assembly of Toyota Motor Corporation’s (“Toyota”) Hilux pickup truck. The commencement of operation at TTMG was marked by an onsite ceremony, during which it was…
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![Local businesses urged to invest in quality packaging to benefit from AfCFTA [Video]](https://citibusinessnews.com/wp-content/uploads/2021/06/20210624_120635-scaled.jpg)
Local businesses urged to invest in quality packaging to benefit from AfCFTA [Video]
Businesses producing Made-in-Ghana products are being encouraged to prioritize quality packaging to facilitate the growth of their businesses as well as their survival in an era of the African Continental Free Trade Area (AfCFTA) programme. This comes in the wake of the seeming improvement in the standards of packaging on the local market. As the…
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Increased manufacturing pushes PPI for April to over 11%
The average price of goods and services received by domestic producers in the country for their production activities, in the month of April 2021 went up by 11.1%, when compared with the prices received by the producers in April 2020. The increase in prices which brings the producer price inflation rate for April 2021, to…
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Reduce cost of power to curb beverage price hikes – Association appeals
The Food and Beverages Association of Ghana has called on government to halt any increases in the cost of electricity and water, to prevent another increase in the prices of beverages in the country. The remarks come on the back of recent increase in the prices of some alcoholic beverages by as much as 20%…
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Unresolved power crisis will set Ghana’s economy back by 3 to 5 years – Economist
Economist Dr. Adu Owusu Sarkodie says it will take Ghana 3 to 5 years to recover if authorities allow recent power outages to worsen amid the COVID-19 pandemic. Provisional figures released by the Ghana Statistical Service show that the impact of COVID-19 on the Ghanaian economy was worse than anticipated, as the economy grew by…