Category: Manufacturing
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Bill to ban importation of ‘accident cars’ and over 10-year old cars passed
Parliament has finally passed the Customs Amendment Bill, 2020, which places a ban on the importation of second hand cars of more than ten years old, as well as salvage cars, locally referred to as ‘accident cars’. Although the Minority in Parliament had opposed portions of the law particularly on the grounds of job losses, …
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ECG to purchase only made-in Ghana electrical cables
The Electricity Company of Ghana, ECG, says it has directed all stations to purchase only made in Ghana electrical cables for their operations. The standing policy had been overlooked as purchases were made outside Ghana, particularly China. Speaking after reactivating the policy, the Managing Director of the ECG, Kwame Agyeman-Budu, explained that the idea is…
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COCOBOD laments increasing use of cocoa farms for mining activities
Management of COCOBOD has described the upsurge in illegal mining in cocoa growing areas especially in the Fanteakwa South District of the Eastern Region as a worrying national crisis that needs immediate intervention by government. According to COCOBOD, the activities of these miners and the use of mercury by licensed small scale mining companies do…
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1D1F must be carefully implemented to produce better results – IEA
A senior economist with the Institute for Economic Affairs (IEA), Dr. John K. Kwakye, says government’s flagship industrialization policy, one district-one factory, must be re-engineered if it is to yield the right results. Addressing the press in Accra on February 25 as part of IEA’s assessment of the President’s state of the nation address, Dr.…
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Takoradi Port expansion: Dredging works begin on $500m multi-purpose Atlantic Terminal
Dredging Works have begun on the 500 million-dollar Multi-Purpose Atlantic Terminal expected to pave way for the Takoradi Habour to increase its annual container capacity from the current 50 thousand to one million twenty-foot-equivalent units of containers. The integrated container and multi-purpose Atlantic Terminal Services is a build-operate-transfer project between IBISTEK, an indigenous firm and…
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Bauxite mining: Gov’t to settle on key investors by close of 2020
The Ghana Integrated Aluminium Development Corporation (GIADEC), will by close of this year, enter into joint venture partnership with investors for the mining of the country’s bauxite reserves, President Nana Akufo-Addo has revealed. Speaking at the 2020 State of the Nation Address in Parliament, the President said the move is part of government’s plans to…
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Tonifel Enterprise wins overall national best distributor for Promasidor
Tonifel enterprise in the Greater Accra Region took the ultimate prize of over 120,000 thousand Ghana cedis making her the overall national best distributor for the year 2019. Maaltima Enterprise and Giant Traders took the 2nd and 3rd positions respectively. In addition to the prizes for these top three awardees, they also earned an all-expense…
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Local industries critical to Ghana Beyond Aid agenda – GEPA CEO
The Chief Executive Officer (CEO) of the Ghana Export Promotion Authority (GEPA), Dr. Afua Asabea Asare, says government remains committed to supporting local industries as part of efforts towards achieving the Ghana Beyond Aid agenda. According to her, there is a significant revolution in the value addition process of raw materials by local industries to…
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AngloGold Ashanti exits SA, sells mines for US$297 million
AngloGold Ashanti is selling its Mponeng mine and Mine Waste Solutions tailings recycling business to Harmony Gold for $300m (about R4.4bn), marking the end of its exposure to SA mining. Harmony will pay $200m in cash and $260/oz of gold from Mponeng and other underground assets included in the transaction based on production above 250,000oz/year.…
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Gov’t to hold crucial meeting with Neoplan Ghana over company’s struggles
The Managing Director of Neoplan Ghana, George Nassar, has told Citi Business News government will engage shareholders of the company on Friday February 7, 2020, to discuss a revival strategy for the struggling firm. Neoplan Ghana announced a planned shutdown in January due to lack of contracts and increasing losses. A government intervention however stayed…