Industry News

Ghana to begin construction of US $6m water melon factory

The government of Ghana has cut sod to mark the commencement of construction of US $6m watermelon processing factory in Walewale in the North East Region. Vice President Dr Mahamudu Bawumia performed the sod cutting ceremony and said that the part of President Akufo-Addo’s efforts to reduce rural-urban migration and revitalise the country’s industrial base. […]

Ghana’s Eurobond oversubscribed by nearly 350%

Ghana’s 2020 Eurobond has been oversubscribed by almost 350% – over US$14 billion. The country was looking for US$3 billion but strong economic fundamentals coupled with Moody’s’ recent favourable rating of the Ghanaian economy, as well as a positive assessment of the Ghanaian economy by the International Monetary Fund, triggered huge investor interest. With a […]

Rebirth of century-old gold mine cements Ghana’s African crown

The rebirth of a century-old mine is cementing Ghana’s crown as Africa’s biggest gold producer. On Wednesday, AngloGold Ashanti Ltd. and President Nana Akufo-Addo marked the first gold pour at the Obuasi mine in southern Ghana since operations were idled in 2016. The decision to reopen the mine rings in another two-decade run for an […]

Germany to support Ghana’s economy

The German government has underlined its readiness to stand with Ghana every step of the way to grow its economy and end its over-reliance on development assistance. Ms Dorothee Dinkelaker, the Head of Cooperation at the German Embassy, said Germany was well aware of the reforms being undertaken by the Ghanaian Government in the medium […]

First micro hydropower plant completed in Ghana

The Bui Power Authority (BPA) has announced the completion of the 45kW Tsatsadu generating station in Ghana’s Volta region, the first micro hydropower plant in the country. Located at the Tsatsadu Waterfalls in the Hohoe District, the plant has the potential to add a further 45kW in the future. The run-of-river scheme consists of a […]