Day: July 5, 2025

Accra: The International Chamber of Commerce (ICC) Ghana has expressed optimism regarding the recent visit by Indian Prime Minister Narendra Modi, highlighting its potential to enhance trade and investment between India and Ghana. According to Ghana News Agency, Mr. Emmanuel Doni-Kwame, the Secretary-General of ICC, emphasized the long-standing relations between the two nations since Ghana’s independence, and expressed hope that the visit would further deepen and enhance these ties. He noted that Ghana’s political stability and peace are key factors that make the nation attractive to investors. In discussions with the Ghana News Agency, Mr. Doni-Kwame acknowledged India’s significant role

Accra: The African Development Bank (AfDB) has entered into a Letter of Intent with the Government of Ghana to support the development of the Volta Economic Corridor. This initiative is part of the 24-Hour Economy and Accelerated Export Development Programme (24H+). According to Ghana News Agency, the agreement, in collaboration with the 24H+ Secretariat and the Ghana Infrastructure Investment Fund (GIIF), aims to transform Lake Volta into a multimodal transport hub for agricultural and industrial expansion. It also seeks to enhance cross-border trade with landlocked countries such as Burkina Faso, Mali, and Niger. A statement released in Accra indicated that

Kintampo south: MIHOSO International, a non-governmental organization, with support from STAR Ghana Foundation, has launched a cooperative credit union aimed at providing financial assistance to local farmers, primarily women, in the Kintampo South District of the Bono East Region. According to Ghana News Agency, the newly established MIHOSO Cooperative Credit Union Limited, affiliated with MIHOSO International, will support approximately 300 farmer groups across the district by supplying modern farming inputs, organic fertilizers, and agro-chemicals to help expand their economic activities. Founded in 2003, MIHOSO aims to promote the well-being of vulnerable communities by offering public health services, social accountability, and

Accra: Ghanaian and other African innovators continue to face challenges in commercialising their solutions, despite the availability of over US$7.2 trillion in domestic capital. According to Ghana News Agency, the African Center for Economic Transformation (ACET) has identified systemic barriers that hinder access to private sector finance across the continent as a significant factor in this issue. Rob Floyd, the Director of Digital and Innovation Policy at ACET, highlighted a critical disconnect between available capital and entrepreneurs within Africa’s innovation ecosystem. He pointed out that the continent holds US$4 trillion in domestic capital reserves, US$2.5 trillion in banking assets, and

Accra: The Ghana Tourism Authority (GTA) has launched its 2024 Tourism Report, showcasing the sector’s continued growth despite economic challenges. The report highlights a significant increase in international arrivals and domestic tourism, alongside diversification of product offerings. According to Ghana News Agency, the country welcomed 1.288 million international visitors in 2024, marking a 12 percent rise from the previous year. This growth was largely driven by visitors from the United States, Nigeria, and the United Kingdom, with Nigerian arrivals increasing by 25 percent. These arrivals generated $4.8 billion in revenue, the highest in Ghana’s tourism history, attributed to targeted marketing

Accra: The United Nations Development Programme (UNDP) has urged private sector investors to capitalize on investment opportunities in Peace Building Fund (PBF) project communities to drive development and create employment. The initiative aims to engage community members productively, reducing the likelihood of conflicts arising from idleness. According to Ghana News Agency, Madam Melody Azinim, the Peace Analyst for UNDP Ghana, addressed this call during a private sector investment forum held in Wa. The forum, facilitated by the UNDP, aimed to foster partnerships to develop investment opportunities in communities benefiting from the PBF project. It was held under the theme: ‘Accelerating

Accra: Professor Godfred Bokpin, an economist, emphasized the necessity for the government to incorporate robust Key Performance Indicators (KPIs) in the recently unveiled 24-Hour Economy initiative. He stressed that without measurable targets and clear accountability, the initiative could mirror the failures of previous national development programs that, despite good intentions, underperformed. According to Ghana News Agency, Professor Bokpin, speaking on a current affairs program on the Media General platform, advocated for embedding a rigorous monitoring mechanism akin to the International Monetary Fund (IMF) Programme. He pointed out that the IMF’s structured reporting, characterized by detailed data and regular reports from