The Government has reaffirmed its commitment to settle outstanding claims with Trafigura’s Ghana Power Generation Company (GPGC), following the unauthorised circulation of a letter that suggested delays in the process.
Ghana recorded a trade surplus of GH¢5.4 billion in the second quarter of 2024, according to the latest data from the Ghana Statistical Service, a marked reversal from the GH¢3.1 billion deficit recorded during the same period last year.
The Ghana Institute of Freight Forwarders (GIFF), the Association of Customs House Agents of Ghana, Freight Forwarders Association of Ghana, and the Customs Brokers Association of Ghana, in collaboration with several trade associations and manufacturers are demonstrating against what they describe as exploitative practices by shipping lines operating in the country.
The bilateral trade volume between China and Ghana in the first half of 2024 reached nearly $ 6 billion, an increase of 13.3 per cent the previous year.
The Ghana Export-Import (GEXIM) Bank says it is committed to breaking the age-long financial constraints of Small and Medium-sized Enterprises (SMEs) in Ghana through concessional loans and grants.
About GH¢1.8 billion worth of loans at relatively lower interest rates have been disbursed by the Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL) to 137 agribusinesses in 72 districts across 15 regions of the country in last five years.
Dr. Ernest Addison, Governor of the Bank of Ghana, has highlighted the challenges posed by elevated credit risks to the banking sector’s recovery from the Domestic Debt Exchange Programme (DDEP) during his keynote address at the 41st Annual General Meeting of the Ghana Association of Banks (GAB).
The Ministry of Finance has attributed the latest economic growth to the macroeconomic stability and growth interventions pursued under the IMF-supported Post Covid-19 Programme for Economic Growth (PC-PEG).
The Cocoa Marketing Company (CMC), Ghana Shippers’ Authority (GSA) and 17 shipping lines have agreed to a 5% increment in basic freight rate for the 2024/2025 cocoa season.
Nintendo and its partner The Pokémon Company have filed a legal case against the maker of the hit survival adventure game Palworld over alleged patent infringement.
Ghana has lost more than a third of its cocoa output for the 2023/24 season due to smuggling, according to a senior official from the Ghana Cocoa Board (Cocobod), Reuters reports.
