The African Development Bank (AfDB) has predicted that consumer spending in Africa will hit $2.5 trillion by 2030, while business to business investments will reach over $3.5 trillion in the same year, the Bank has said in a press release copied to ghanabusinessnews.com. Speaking in Rome at a conference on Africa, the President of the … The post AfDB
Only yesterday December 7, 2018, Ghana celebrated a national holiday in honour of its farmers. The first Friday of December is a statutory holiday recognizing the country’s farmers. Agriculture is a major part of the country’s economy, contributing at least some 25 per cent to GDP and offering employment to nearly 45 per cent of … The post When
Mr Kweku Awotwe, the Managing Director of Tullow Oil Ghana says beginning next year, the company will start paying dividend to the government. This he said, follows the company’s’ ability to service its debts that was in excess of $4 billion in the last twelve months. Mr Awotwe, who announced this during an interaction with … The post Tullow Oil says
Mr Dennis Acquah, a Project Manager at the Friends of the Earth Ghana, has called on the government to fast track the execution of the National Implementation Plan on the Cocoa and Forest Initiative. Mr Acquah said the implementation of the plan would assist in preventing continuous reserve encroachment by cocoa farmers. He was speaking … The post Speed
Mr Charles Ayamdoo, the Director of Anti-Corruption, Commission on Human Rights and Administrative Justice (CHRAJ), has called on government to consider making illicit enrichment as an offence to prevent acquisition of wealth by both public and private officials. He said even though existing legislative measures had not indicated that illicit enrichment is a corrupt offence, … The post Ghana
The German Government has pledged to commit new funding of €1.5 billion to support the implementation of the Paris Agreement and global efforts at tackling climate change. Ms. Svenja Schulze, the Environment Minister, and Mr Gerd Muller, Development Minister, announced this at the ongoing 24th Conference of the Parties (COP 24) to the United Nations … The post Germany
AngloGold Ashanti Iduapriem is set to increase gold production for 2018 to surpass a quarter of a million ounces (250,000 oz) per annum for the first time in the mine’s history. This compares favourably to the actual production of 214,000 oz and 228,000 oz for 2016 and 2017 respectively. The mine has ambitious yet realistic … The post AngloGold
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