Category: Business

The Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has credited the recent extension of the African Growth and Opportunity Act (AGOA) to sustained technical, diplomatic, and political engagements spearheaded by her ministry. Her comments follow the decision of the United States Senate to renew AGOA for an additional three years, after the programme lapsed...

 Ghana has recorded a significant decline in multidimensional poverty, according to the latest figures released by the Government Statistician, Dr. Alhassan Iddrisu. The report shows that multidimensional poverty fell from 24.9% in the fourth quarter of 2024 to 23.9% in the first quarter of 2025, and further down to 21.9% by the third quarter of...

 The Ghana Gold Board has signed a historic Gold Refining Agreement with Gold Coast Refinery Company Limited, marking the country’s first-ever local refining arrangement between government and a Ghana-based refinery. Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, described the deal as a decisive step in Ghana’s quest to deepen value addition and...

Ghana and China have deepened their bilateral cooperation with the signing of a US$30 million grant agreement to support the construction of a university in Damongo, Savanna Region. The agreement was formalized during a courtesy call by the outgoing Chinese Ambassador to Ghana, H.E. Tong Defa, on Finance Minister Cassiel Ato Forson earlier today. On...

The Minister for Trade, Agribusiness and Industry, Hon. Elizabeth Ofosu-Adjare, MP, has held discussions with the leadership of the Ghana Standards Authority (GSA) and the Chamber of Cement Manufacturers Ghana (COCMAG) to address emerging issues in the cement industry. The engagement, held on Monday, 19th January 2026, focused on ensuring stability, fairness, and compliance across...

The Ghana Gold Board will on Tuesday, January 20, 2026, formally sign a landmark gold refining agreement with Gold Coast Refinery, in a move aimed at strengthening Ghana’s gold value chain and boosting local refining capacity. The ceremony, scheduled for 10:00 a.m. at the Conference Room, 5th Floor of the Gold Board Head Office in...

Ghana’s economy expanded by 3.8% in October 2025, marking a notable improvement over the 3.0% growth recorded in the same period last year, according to the Ghana Statistical Service (GSS). The figures, released as part of the Monthly Indicator of Economic Growth (MIEG), reflect increased production of goods and services across key sectors. Government Statistician,...

The Ghana Revenue Authority (GRA) has engaged taxpayers in Accra to explain recent reforms to the Value Added Tax (VAT) regime and address concerns about its implementation. The session, held at the Airport View Hotel, brought together business owners, professionals, and other stakeholders to discuss the new VAT Act and its implications for compliance. Officials...

The Trades Union Congress (TUC) and the Public Utility Workers’ Union of Ghana (PUWU) maintain that the sharp rise in revenue at the Electricity Company of Ghana (ECG) proves the utility can be revitalized without privatization—provided workers are adequately supported and management is held to clear, enforceable targets. Speaking at a press briefing on the...

The Independent Power Generators (IPGs), Ghana, have confirmed the settlement of a substantial portion of long-standing payment arrears owed to power generation companies, describing the development as a major milestone toward restoring stability and confidence in the country’s energy sector. In a statement issued on Monday, the IPGs commended the Government of Ghana, through the...