News

Ghana and Sierra Leone have agreed to ratify the agreement for cooperation between the two countries, so as to provide the legal framework for addressing their trade and investment concerns.

Despite the good relations that exist between the two countries, there is no framework for cooperation to guide these relations
This development has hampered the deepening of bilateral ties and cooperation amongst the two countries.

ACCRA, May 24 (Reuters) - Ghana's producer price inflation fell to 4.8 percent year-on-year in April from 6 percent the month before, as a stronger local currency cut import prices, the statistics office said on Wednesday.

Producer inflation has come down from more than 48 percent in 2014, a sign of progress in stabilizing the economy under an International Monetary Fund programme that looks set to be extended beyond its April 2018 end date.

Players in the real estate industry are calling for the creation of a supervisory body to regulate the real estate industry in the country.

The Managing Director of NTAC Properties Limited, Mr Jerome Eshun, who made the call, explained that such a body, when established, must be empowered to check unscrupulous and shoddy service providers in order to bring sanity into the real estate sector.

Government says businesses now have their best chance to succeed because their ambition is matched by a government which is private sector focused.

In his preliminary remarks at the opening of 2017 CEO's Summit Monday, Senior Minister Yaw Osafo Maafo told business leaders, fate has presented them a government that has a "tireless desire" to see them succeed.

Delivering an address on behalf of President Nana Akufo-Addo, the Senior Minister was happy to tell a "true story" to dramatise his belief that if corporate Ghana fails, then it must have been written in the stars.

he Ministry of Trades and Industry is set to begin a forensic audit into the alleged $1.2 million scandal that has hit the former Executive Director of the Ghana Standards Authority.

Dr George Crentsil has been cited in a damning investigative report that alleges that he collected $1.2 million kickback from a contractor undertaking construction work for the Authority.

The Lands and Natural Resources Minister, John Peter Amewu has accused some personnel of the Ghana Armed Forces High command of providing cover for galamsey operators in hard-hit areas.

He alleged the said military command has without authorization, deployed personnel to protect galamsey operators in parts of the Ashanti region where his team is touring.

In an interview with Citi News, John Peter Amewu called for an immediate probe into the matter.

The combined wealth of Nigeria’s five richest men - $29.9 billion - could end extreme poverty in that country according to a new report published by Oxfam today.

The report, ‘Inequality in Nigeria,’ exposes the large and growing gap between rich and poor. It reveals how the benefits of economic growth have been captured by a wealthy elite at the expense of ordinary Nigerians.

According to Forbes the 5 richest Nigerians are: Aliko Dangote (net worth US $14.4 billion), Mike Adenuga (net worth US $9.9 billion),

Guinea joined Ghana in the semi-finals of the Under 17 Africa Cup of Nations in Gabon after a 0-0 draw between both sides in their final match of Group A in Libreville.

The point was enough for Guinea to finish as group runners-up and secure a place at the World Cup in India in October.

In the other Group A game, Cameroon beat hosts Gabon 1-0 in Port Gentil courtesy of a goal from Stephane Thierry Zobo.

The result was not enough for Cameroon to progress, ending the tournament in third place in the standings, ahead of Gabon who had already been eliminated.

Eni has started first production from its Offshore Cape Three Points (OCTP) project, offshore Ghana.

The project, which comprises the Sankofa Main, Sankofa East and Gye-Nyame fields, about 60km off Ghana, was completed in just two and a half years, and three months ahead of schedule, according to Eni.