Author: Admin
Mr. Herbert Krapa, Minister of State at the Energy Ministry, says Ghana’s streamlined regulations on local content in the energy sector has achieved the desired results. He said streamlined regulations had created a supportive environment for local businesses to thrive through the implementation of transparent and robust local content regulations and policies. The Minister of State said this at the 8th edition of the Ghana Energy Awards in Accra. The 8th edition was on the theme: “the role of local content in building Ghana’s energy sector.‘’ It highlighted the local content framework of Ghana’s energy sector and its contribution to…
Kosmos Innovation Centre (KIC) is set to recognise the exceptional talents of many Junior and Senior High School students at the highly anticipated 2024 School Farm Competition Awards Ceremony. Scheduled to take place on November 8, 2024, at the Kwame Nkrumah University of Science and Technology, the event will celebrate the remarkable achievements of students who have demonstrated exceptional dedication to innovation and sustainable agricultural practices, while working on their school farm. The event is being organised in collaboration with the Ghana Education Service with support from the STEM Directorate. Application for the competition, which was opened in March this…
The Ghana Association of Food Scientists and Technologists (GhAFoST) is advocating for a scientific approach to food production in the country to create a sustainable food environment. Speaking at the maiden annual general meeting in Kumasi, interim president Prof. Paa-Nii Torgbor Johnson believes this shift would boost the country’s economic potential. “We must transition our traditional food practices to a more science-based approach. We must help people understand that food preparation, manufacturing, and anything related to food should be grounded in proper science and technology. “I believe we should aim to take typical Ghanaian foods beyond our borders. This will…
Ghana’s mining industry saw an alarming increase in incidents of injuries in 2023, with fatal incidents escalating sharply from one in 2022 to seven. Four out of the seven fatalities were related to contractor activities and the remaining three involved activities of a mining leaseholder. The upsurge, which represents a staggering 600% increase, was compounded with First Aid Injuries edging up from 156 to 162, suggesting persistent safety challenges. According to the Ghana Chamber of Mines’ 2023 performance report, all classes of reportable injuries in Ghana’s mining industry increased year-on-year, except near-misses and serious injuries. A near-miss incident is an…
Growth Investment Partners (GIP) Ghana LTD, an investment platform established by British International Investment (BII) the UK’s development finance institution and impact investor, today announced its investment in Truecoco Ghana Limited (Truecoco), a local agricultural processing and exporting company located in the Western Region of Ghana. This investment will help in expanding Truecoco’s soybean processing operations and launch a durable carbon capture biochar project, which will contribute to community development, environmental sustainability, and local economic growth. GIP, a Ghanaian investment platform licensed by Ghana’s Security and Exchange Commission, provides long-term, flexible capital, predominantly in local currency, to small and medium-sized…
The Pensions Industry’s Assets Under Management (AUM) grew by 33.0% in 2023. Similarly, the Three-Tier Pension Scheme’s AUM at the end of December 2023 stood at GH¢61.8 billion as compared to GH¢46.6 billion recorded in 2022. According to the Financial Stability Review, pension funds increased by 33.0% in 2023, compared to the 20% h recorded in 2022. The increase in growth, the report said, is attributable to the outcome of the alternative offer to pension funds which saw a high participation rate of about 95.0%, as well as the government’s commitment to meeting its payments obligations under the offer. Also,…
According to the business mogul, this is because great countries are built by entrepreneurs or businessmen, not politicians.
The financing will occur in two stages and includes a previously announced $100 million equity private placement and an additional $425 million in various financing transactions.
The redevelopment of the Ghana Trade Fair is a significant step towards revitalizing the country’s trade and exhibition landscape, aiming to attract both local and international businesses.
CalBank’s impressive deposit expansion can be attributed to its digital transformation efforts.