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Indian fertilizer plant waiting for Ghana gas supply
The $1.3 billion fertilizer plant being built by a joint venture firm is said to be almost complete and is now awaiting gas supply from Ghana's oilfields.
When completed, the plant which is sited on a 400 acre land at Nyakrom in the…
Ghana-India trade passes $1b mark for the first time
Trade between India and Ghana crossed the $1 billion mark for the first time since both countries started trading with each other.
The two-way trade totalled $1.2 billion in 2012, officials say.
According to an updated statistics on the…
IFC set to issue “regular” cedi bonds up to $1b after Ghana approvals
Regulators of Ghana's capital markets have approved plans by the International Finance Corporation (IFC) to issue regular cedi-denominated bonds worth up to $1 billion on the local market.
The IFC August 21, 2013 announced that it has…
Gold Fields trims Board Directors amidst low gold prices
The Gold Fields group has cut down its number of Board Directors from 12 to nine, the miner announced August 21, 2013.
The company says the move to review the composition of the Board of Directors is in light of its new strategic direction…
Microfinance companies seen as threat to commercial banks
The growing number of microfinance companies in Ghana is seen as a threat to commercial banks. Their growth has even reduced commercial banks' share in total assets, according to the Bank of Ghana.
While the banking sector has not…
Ghana-Germany trade stands at €1.25b in 2013
Trade between Ghana and Germany currently stands at €1.25 billion as at the end of March 2013.
This was made known by President John Mahama last week when he hosted the outgoing German Ambassador to Ghana, Dr. Renate Schimkoreit.
Germany…
Ghana begins to build $11m fish processing plant at Elmina
Ghana's President John Dramani Mahama, on Saturday cut the sod for the construction of a $11 million fish processing plant at Elmina in the Komenda-Edina-Eguafo-Abrem (KEEA) district of the Central Region.
The project, to be executed by…
Ghana’s private sector still remains uncompetitive – Trade Minister
Despite several attempts by government to enhance the competitiveness of the private sector, it still remains uncompetitive both locally and internationally, Nii Lantey Vanderpuye, Deputy Minister for Trade and Industry, has stated.
He…
Ghana earns $422m from Jubilee crude sale in 2013 half-year
Ghana earned an amount of $422.7 million from the sale of 3.98 million barrels of Jubilee crude oil during the first half of 2013.
The Ghana National Petroleum Corporation (GNPC) on behalf of the country made four crude liftings during the…
‘Economic complacency’ could easily become Ghana’s worst enemy – IFC
The International Finance Corporation (IFC) has lauded the economic growth of Ghana alongside the competitive nature of its political system.
Ghana's economy which is now middle-income, for some time now have been experiencing…