Category: Local Economy
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ILO/EU holds MNE forum for key stakeholders in agricultural value chain
ILO/EU Trade for Decent Work Project- Ghana, has held a Multinational Enterprise (MNE) Declaration forum for key Stakeholders in the Agricultural Value Chain. The meeting is to, primarily, identify joint priorities and areas of collaboration to eliminate Child Labour and its root causes. Participants are to identify challenges and opportunities linked to the operations of…
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GSA shuts down Fenice Metal for operating without certification
The Ghana Standards Authority (GSA) has shut down Fenis Metal Technology Company, a local electric cable and copper rod manufacturing plant in Prampram, said to be operating without proper certification. The Chinese-owned company was found to be operating without certification. Its products also lacked important information, including product batch numbers, date of manufacture and expiry,…
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Inflation falls for fourth consecutive time, now at 41.2%
Inflation has dropped to 41.2 percent for the month of April 2023. This represents a 3.8 percentage point decrease from the 45.0 percent recorded in March 2023. This was captured in the Consumer Price Index (CPI) data released by the Ghana Statistical Service (GSS) on Wednesday, May 10, 2023. Per the data, food inflation also…
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Players in financial ecosystem urged to collaborate to revive economy
The Managing Director of the Ghana Stock Exchange, Abena Amoah has reiterated the need for players within the financial sector to help resuscitate the Ghanaian economy. According to her, collaborations among players within the financial ecosystem driven by ethical standards will help restore confidence to the local economy. Ms. Abena Amoah made these comments at…
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MTN Ghana to hold 2023 Annual General Meeting on May 30
MTN Ghana will host shareholders at its fifth Annual General Meeting (AGM) on Tuesday, 30th May, 2023. The meeting will be held at the Company’s Head office at MTN House, on the Independence Avenue and be streamed live from 11am. A statement issued by the company said the meeting, “will among other things receive and…
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GIPC assures of efforts to attract more FDIs into Ghana
The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Yofi Grant has re-affirmed his outfit’s continuous efforts at creating a favorable investment climate and attract foreign direct investment to Ghana. This comes as the GIPC has been shortlisted again for the best Investment Promotion Agency, IPA in West and Central Africa award at…
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Domestic cocoa production exceeds Ivory Coast
Latest data from the Cocoa Market Report by the International Cocoa Organization (ICCO) indicates that Ghana’s cocoa production has exceeded that of Ivory Coast over the half year 2022/23 crop season. As of 31 March 2023, cumulative arrivals of cocoa beans in Ivory Coast were lagging behind previous season levels, while the volume of graded…
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We’ll address concerns of Gold Coast Fund customers – SEC
The Securities and Exchange Commission (SEC) has promised to address the concerns of customers of defunct Gold Coast Fund Management Company Limited. The aggrieved customers on Thursday, May 4, returned to the premises of SEC to picket for the third day in a bid to demand payment of their locked-up funds. The leaders of the…
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Ghana bags $3.5bn from non-traditional exports in 2022
The Value of Ghana’s Non-Traditional Exports increased to 3.5 billion dollars in 2022 from the 3.3 billion dollars recorded in 2021. This is contained in the annual non-traditional export statistics report 2022 revealed by the Ghana Exports Promotions Authority. The 3.5 billion dollars recorded in 2022 indicates a 6% increase over the 2021 NTE earnings…
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Over 200,000 persons moved from industry to agric, service sectors in Q1 of 2022 – GSS
The Ghanaian economy witnessed some changes in employment trends in the year 2022, according to the Quarter 3 Labour Statistics report by the Ghana Statistical Service. In the first quarter of the year, 217,000 persons who were employed in the industry sector transitioned to Agriculture and Services sectors. The agriculture sector absorbed a net of…