Sunon Asogli Power Ltd has announced the shutdown of its operations due to the Electricity Company of Ghana’s (ECG) failure to settle a $259 million debt. In a statement released on October 16, 2024, the company said it was forced to cease operations on October 8 at 5 PM due to the unpaid debt. “This […]

Key players in Ghana’s logistics and trade sectors are set to stage a major protest against the practices of shipping lines operating within the country on Tuesday, September 24, 2024. 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 […]

The Ministry of Finance (MoF) has reported that Ghana’s Gross Domestic Product (GDP) shows signs of a strong economic recovery despite global challenges and ongoing debt restructuring efforts. According to the latest figures from the Ghana Statistical Service (GSS), the country’s economic growth in the second quarter (Q2) of 2024 reached 6.9%, up from 4.7% […]

The inflation rate in Ghana for August 2024 decreased to 20.4%, down from 20.9% in July, continuing a six-month downward trend since March, when inflation peaked at 25.8%. Government Statistician, Professor Samuel Kobina Annim, attributed this decline to a reduction in food inflation, which dropped to 19.1% in August. In contrast, non-food inflation rose slightly […]

At the China-Ghana Business Forum in Shenzhen, China, on September 7, 2024, President Nana Addo Dankwa Akufo-Addo made a strong appeal for increased Chinese investment in Ghana. Addressing a group of Chinese business leaders, the President highlighted the enduring relationship between the two countries and outlined the vast investment opportunities available in Ghana across sectors […]

The Ghana Airports Company Limited (GACL) has warmly welcomed Virgin Atlantic’s decision to resume operations in Ghana starting in May 2025. Virgin Atlantic will become the 25th airline to operate out of Kotoka International Airport, with a daily flight schedule on a Boeing 787 Dreamliner.   The airline’s return highlights the confidence in Ghana’s aviation […]