Category: Local Economy
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Goldridge and GNASSM sign agreement to boost value addition for gold locally
Goldridge Ghana Limited (GGL), one of Ghana’s leading exporters of precious minerals, has officially signed an agreement to do business with the Ghana National Association of Small Scale Miners (GNASSM). The collaboration to focus on local value-addition of gold is expected to maximise Ghana’s stake in the gold business, create decent employment opportunities for the…
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Exporters to begin enjoying benefits of Ghana-UK trade deal from today – Prof. Kuruk
Ghanaian exporters to the United Kingdom can from today March 5, 2021, begin enjoying the benefits inherent in the newly signed trade agreement between the two countries, even as Ghana’s Parliament works to ratify the agreement. The new deal which has been approved by the executive will provide duty free-quota free access for Ghanaian exports…
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British Airways reconsiders route change from Gatwick to Heathrow
British Airways has reconsidered its decision to operate its Ghana Services from the Gatwick Airport for passengers travelling on the Accra – London route. This means, services will operate from the flagship airport for London at Heathrow. Also, passengers on the Accra – London route will land at their original destination, that is, Heathrow Airport…
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Ghanaian informal sector businesses undergo training to boost capacity
In its bid to sustain competitive and responsible enterprises within the informal sector, the International Labour Organisation, ILO, has commenced a training programme for some trade associations in the country like the Federation of Professional Trade Associations. The programme is part of the ILO’s contribution to enhancing the capacity of the informal sector due to…
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TAGG calls for engagement with stakeholders over port charge increment
With the commencement of the increment of charges by the Ghana Ports and Harbours Authority, the Traders Advocacy Group Ghana, TAGG, is calling on government to relook at the high cost of freight charges and cost doing business in the country. According to the group, the effect the COVID-19 on businesses has been ravaging, thus…
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Koudijs Ghana launches its new local complete feed to improve local poultry production
As part of efforts towards improving access to the right poultry feed for poultry farmers, Koudijs Ghana Limited has launched its complete layer feed to help improve chicken production in the country. The new high-quality feed, which is produced locally, is expected to provide farmers and their animals with the right and strictly controlled nutrients…
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Don’t sign onto Debt Service Suspension Initiative – Government urged
Economist with Databank, Courage Kingsley Martey, has asked government not to take advantage of the Debt Service Suspension Initiative (DSSI). This follows calls by some stakeholders within the financial for government to employ strategies to slow down the rate of the country’s debt accumulation. According to him, though the initiative is powerful, the move is…
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Estate developers lament exponential increase in prices of building material
Building contractors in the country are lamenting the continuous toll the price hike on building materials is having on their business. As the demand for houses increases, the COVID-19 induced restrictions have had a negative toll on the construction industry. This has been widely attributed to the exponential increase in construction materials which are mostly…
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Final Ghana-UK trade agreement to be signed on Friday – Alan Kyerematen
Ghana will at on Friday, March 5, 2021, sign a final trade agreement with the United Kingdom (UK) that would replicate the effects of the trade relationship between Ghana and the UK prior to the end of the Transition Period following the withdrawal of the UK from the European Union. This was made known by…
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Cabinet approves new standards bill; ready to be laid in coming weeks – Alan Kyerematen
Cabinet gave approval for the new standards bill to be presented to Parliament for consideration and passage, Trade and Industry Minister-designate Alan Kyerematen told the vetting committee last Friday. The bill which replaces the Standards Authority Act 1973 (NRCD 173) will empower the Ghana Standards Authority (GSA) to destroy seized substandard goods while introducing stricter…