Author: Admin

Ghana’s inflation rate for November 2024 has risen to 23%. This marks the third consecutive monthly increase after a five-month decline. The 23.0% rate for November 2024 represents a 0.9 percentage point increase relative to the 22.1% year-on-year inflation recorded the previous month. According to the Government Statistician, Professor Samuel Annim, the high inflation rate is attributed to significant increases in food prices. Food inflation rose from 22.8% to 25.9% due to the high cost of living. “On a month-on-month basis, food inflation surged to 3.8% in November 2024, compared to just 0.3% in October,” he said. “This means that…

Wamkele Mene, Secretary-General of the African Continental Free-Trade Area (AfCFTA) Secretariat, emphasized that digital technology and inclusive value chains are crucial for integrating Africa’s economies into a single dynamic market. He made these remarks at a regional workshop in support of AfCFTA implementation held in Accra. The workshop featured key events and discussions on obstacles such as non-tariff barriers and technical barriers to trade across the African continent. In a speech read on his behalf, Mene highlighted that Africa’s young population is increasingly connected through rapidly growing digital and mobile access. He noted that the burgeoning digital economy creates enormous…

Dr. Akinwumi Adesina, Chairman of the Board of the Africa Investment Forum (AIF) Market Days, says Africa is interested in transformational investments to better the lives of its people. “As far as I’m concerned, the only thing that matters in Africa is what we do big time. Africa doesn’t have time for Mickey Mouse investment. Africa must do big, at scale,” he said. Dr. Adesina, who is also the President of the African Development Bank (AfDB), said this at a press briefing at the 2024 AIF Market Days in Rabat, Morocco, urging governments and investors to deepen partnerships. He stated…

Selected seed companies and young potential seed producers have undergone training on the production of improved pearl millet seed as part of efforts to make the seeds available to farmers. The participants, drawn from IWAD and ANTIKA seed companies and some national service personnel, were educated on both open pollinated variety and hybrid seed production of pearl millet, pest and diseases affecting pearl millet, certification of pearl millet amongst others. The day’s training was organised by the Council for Scientific and Industrial Research-Savanna Agricultural Research Institute (CSIR-SARI) in collaboration with the Seed Systems Group, an international seed company. It formed…

In an era where accurate data drives sustainable development, the Economic Commission for Africa (ECA) is empowering countries with a groundbreaking tool to boost intra-African trade: the African Continental Input-Output Table (AfCIOT). The Input-Output Table is an innovative statistical tool that enables policymakers, businesses, and researchers to make informed decisions and foster sustainable economic development by decoding trends and dynamics of how goods and services are produced and traded across borders. A boost for intra-African trade Speaking at the opening of a Capacity-building regional workshop on the African Continental Input-Output Table in Addis Ababa, Director of the ECA African Centre…

Yango Ride, part of a global tech company Yango Group, has launched its Free Trip Insurance Programme in Ghana. This initiative, in collaboration with Glico Life Insurance, offers insurance coverage for all passengers in a car and partners’ drivers during the rides ordered via the Yango app across the country. This program aims to enhance the safety and security of all those involved in rides ordered via Yango at no additional cost. This launch marks the next step in Yango’s ongoing efforts to introduce more safety features across its services, including the recently implemented insurance coverage for Yango Delivery…

Ecobank Ghana has completed its three-year commitment to the Vice-Chancellor’s “Support One Needy Student with One Laptop” (SONSOL) initiative at the Kwame Nkrumah University of Science and Technology (KNUST). The bank donated the final batch of 100 HP laptops last week, in fulfilment of its pledge to supply 300 laptops to the university over three years. Presenting the laptops at a short ceremony held in the KNUST Council Chamber, Michael Owusu-Acheaw, who represented the Managing Director of Ecobank, Abena Osei-Poku, said the bank considers education as one of the key focus areas of its corporate social responsibilities (CSR), hence…

The First Deputy Governor of the Bank of Ghana (BoG), Dr. Maxwell Opoku-Afari has dismissed the assertion that Artificial Intelligence (AI) will render some workers redundant, arguing that AI has come to stay and therefore all and sundry must embrace its positive impact on the economy and allow it to shape the future. According to him, AI is transforming the global economy, revolutionizing productivity, and driving growth. “There are those who harbour the destructive fears of AI on labour dynamics. While many studies have predicted the likelihood that jobs will be replaced by AI, what we do know in fact…

Amanano Rural Bank in the Ashanti Region is prioritizing support for the agricultural sector in implementing its 2025 business strategic plans. The Bank says it is dedicated to empowering women in the agriculture sector, especially, in promoting their welfare and contributing positively to the community. Acting Chief Executive Officer Daniel Bediako says the bank is marking a significant milestone toward becoming the fastest-growing bank in the Atwima Mponua District. He was addressing the 36th Annual General Meeting of the bank at Nyinahin. This year’s meeting served as a vital platform for stakeholders to engage in meaningful discussions and foster collaboration…

Creativity, Ingenuity and Innovation took centre stage at the finals of the KIC Agritech Challenge Classic Final Pitch held at the Kwame Nkrumah University of Science and Technology (KNUST). Organised by Kosmos Innovation Center (KIC) and the Mastercard Foundation, the 3-day event saw 64 teams pitch several business ideas aimed at providing solutions to several challenges confronting the agricultural sector. The pitches showcased business ideas on sustainable agricultural production, technological application, mechanisation, seed breeding, nutrition, agro-processing, and recycling using agricultural raw materials, as well as green businesses focused on eco-friendly packaging, among others. The AgriTech Challenge Classic is a 7-month…