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President Nana Addo Dankwa Akufo-Addo Tuesday commissioned a local assembly plant for the production of KIA vehicles for the Ghana and West Africa market. Established by Rana Motors, it offers direct employment to 250 young people, and…

Trading activity on the local secondary bond market was down by 64.83% from the prior week. According to the trading results, the aggregate volume traded was estimated at ¢116.61 million. The decline in activity was partly due to a…

Parliament held an emergency sitting on May 2, 2023, and approved seven loan agreements totalling $710m. Here are the loan facilities and what they are meant for. 1. $60.6 million for the Ghana Covid-19 Emergency Preparedness and…

Ghana’s current account deficit is expected to narrow to 1.9% of Gross Domestic Product in 2023, UK-based Economist Intelligence Unit has revealed. It is also forecasting a further drop in the current account to 1.1% in 2024 as…

The Forestry Commission has disclosed that several of Ghana’s forest reserves are seriously threatened due to illegal mining activities known as ‘galamsey’. The commission has indicated that about 34 out of 288 forest reserves in the…

Economist Intelligence Unit (EIU) expects inflation to end the year at 38.1 percent on the average, despite a slowdown in monthly inflation over most of the period. According to the UK-based firm, the upward domestic price pressures will…

The government borrowed ¢8.25 billion on the treasury market in the month of April 2023, 18.20% above its gross target. The funds were used to refinance maturities worth ¢6.3 billion. The 91-day and 182-day yields ticked higher at…

According to the Public Interest and Accountability Committee (PIAC) 2022 Annual Report (p. 25), oil production from the Jubilee Field witnessed an increase in production from 27,335,481 barrels at year’s end in 2021 to 30,523,813 barrels…

USAID Africa Bureau has opened one of its Africa Trade and Investment (ATI) programme offices in Accra. Being the fourth and final regional programme office on-continent, it is meant to be a strong testament to the agency’s commitment to…

TikTok, Twitter, Facebook, Google, and Amazon are facing rising pressure from European authorities as London and Brussels advanced new rules Tuesday to curb the power of digital companies.  They’re among those on a list of the 19 biggest…