October 28, 2019

The Importers and Exporters Association of Ghana has asked the government to abandon diplomacy and close its borders to Nigeria.

It comes as businesses in the sub-region reel under the effect of the closure of the Nigerian border by that country’s government.

According to the Ghana Union Traders’ Association, (GUTA), a temporary corridor agreed between the two governments is not functioning.

Speaking to Starr News, the Executive Secret...

July 19, 2019

Ghana has been chosen by the African Union (AU) to host the secretariat of the African Continental Free Trade Area. It beat other competing countries including Egypt, Eswatini, Ethiopia, Kenya, Madagascar and Senegal to win the bid.

As a free trade area, member countries have come together and agreed not to impose tariffs, quotas and other trade barriers on goods and services. The agreement is expected to enlarge markets and diversif...

July 10, 2019

President Cyril Ramaphosa on Tuesday lauded the launch of the Africa Continental Free Trade Area Agreement (AfCFTA), saying the agreement will catapult the economies of many African countries onto a higher growth trajectory.

The agreement "is a milestone that fulfills a dream crafted by the founders of the Organization of African Union (OAU) 60 years ago when they conceptualized an integrated Africa," Ramaphosa said after attending t...

July 3, 2019

Ghana has received $200 million from the World Bank to help it to transform and diversify its economy by promoting private investment and firm growth in the non-resource base sectors.

The funding from the International Development Association, which was approved by the World Bank Board of Executive Directors on Tuesday, would help through an integrated programme to build the country’s competitiveness and deliver sustainable jobs un...

June 12, 2019

Zimbabwe says it is not ready to fully implement the African Continental Free Trade Area (AfCFTA) until it has fully industrialized.

The country, according to industry and commerce minister, would only be able to fully implement the trade pact in about 15 years when it has fully industrialized so that it can effectively benefit from the market provided by the trade agreement, the state-controlled Herald newspaper reported Tuesday.


June 10, 2019

Ghana has overtaken South Africa as the leading producer of gold in Africa.
According to a Bloomberg report, the success chalked by Ghana is because of friendlier policies, lower-cost mines and new development projects.

The report indicated that South Africa’s dwindling gold production is due to high costs, regular strikes and geological challenges of tapping the world’s deepest mines.

It also stated that South African industry stalwa...

June 7, 2019

A 17-member delegation from the Standard Bank Group, parent company of Stanbic Bank-Ghana, has met with the Chief Executive Officer of Ghana Cocoa Board, (COCOBOD), Mr Joseph Boahen Aidoo, as part of the company’s immersion programme of providing learning opportunities on how to grow Africa’s business and banking sectors.

Briefing the delegation on COCOBOD’s operations, Mr Aidoo outlined the numerous economic contributions of the Boa...

May 13, 2019

Ghana has become the largest gold producer in Africa, toppling South Africa in a recent data released by the World Bank.

The data copied to the Ghana News Agency said Ghana exported 158 tonnes of gold in 2018, about 15% increase over the previous year.

Ghana has thus dethroned South Africa, which produced 139.3 tonnes and returned to the high volumes of the 1980s.

It said mining firms operating in the country include Newmont Mining Cor...

April 3, 2019

Gambia's National Assembly on Monday ratified the agreement that seeks to establish African Continental Free Trade Area (AfCFTA).

Lamin Jobe, Gambia's trade minister, while presenting the motion before lawmakers, said it would address the country's international trade difficulties.

"This document will definitely serve as a take-off point to enhance the free movement of people, goods and services. By using this, there are a lot of adva...

March 18, 2019

Ghana is to become self-sufficient in rice production by the year 2025. This may sound ridiculous but certainly not impossible.

The disclosure is couched in the Akufo-Addo government’s newly introduced initiative on rice production, strategically structured as an arm of its flagship Planting for Food and Jobs (PFJ) programme, to boost the production of the crop in the country.

Ghana is said to be importing rice close to the tune of $1...

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