Gabonese President, General Brice Clotaire Oligui Nguema, has conferred the nation’s prestigious honour, Commander in the National Order of Gabonese Merit, on Tony Elumelu, Group Chairman of United Bank for Africa (UBA) Plc and Founder of the Tony Elumelu Foundation. The award recognises Elumelu’s significant contributions to Africa’s economic development,Continue Reading
Dr Kenneth Ashigbey, Chief Executive Officer of Ghana Chamber of Telecommunications, says Ghana recorded 5,600 fibre optic cable cuts in 2024. This widespread damage resulted in an estimated cost of US$9.2 million, equivalent to over GH¢138 million for the sector. The CEO made these remarks at the 24th edition ofContinue Reading
The Ghana Ports and Harbours Authority (GPHA) has commissioned 15 brand-new SINOTRUK HOWO trucks into service at the Port of Tema as part of a strategic initiative to enhance operational efficiency and support increasing cargo volumes. The fleet includes 12 trucks rated at 430 horsepower and three at 400 horsepower,Continue Reading
The World Bank has cautioned that commodity prices are set to fall sharply this year, by about 12%. The Bretton Woods institution attributes this to weakening global economic growth. This could have some implications for government’s projected revenue from the export of oil and gold in the 2025 budget. InContinue Reading
Trade activity in the secondary bond market edged up 0.52% week-on-week to GH¢1.15 billion, from last week’s GH¢1.14 billion. This was supported by month-end rebalancing and improving sentiment. Activity was broadly spread across the LCY curve, with the August 2027 and February 2036 papers driving 39% of total volumes. TheContinue Reading
A new study has revealed that fully electrifying Ghana’s road transport fleet could slash the country’s total greenhouse gas emissions by half, saving an estimated 13.92 million metric tons of CO₂-equivalent (MtCO₂e) annually. Published in African Transport Studies the research by Dr. Godwin Kafui Ayetor and colleagues from the KwameContinue Reading
The price of crude oil is expected to average $64 per barrel in 2025, the World Bank has revealed in its April 2025 Commodity Markets Outlook. This is compared with $80.7 per barrel in 2024. The Bretton Woods institution is forecasting a further drop in the price of crude oilContinue Reading
AngloGold Ashanti plc has agreed to sell its interests in two gold projects in Côte d’Ivoire to Resolute Mining Limited (“Resolute”) as it continues to sharpen its focus on its operating assets and development projects in the United States. The company will sell Centamin West Africa Holdings Limited (“CWAH”), whichContinue Reading
The Minister for Communication, Digital Technology and Innovation, Mr Samuel Nartey George, has conducted an extensive familiarisation visit to the headquarters of ShaQ Express in Accra. The Ghanaian-founded logistics company, launched during the COVID-19 pandemic, showcased its operations, including electric delivery motorcycles and proprietary logistics software supporting Ghana’s digital economyContinue Reading
Gold price fell nearly 2% to a two-week low on Thursday May 1, 2025, as signs of easing trade tensions boosted risk appetite and reduced bullion’s safe-haven appeal, while a stronger U.S. dollar also weighed on prices. Spot gold was down almost 2% to $3,222.66 an ounce, after hitting itsContinue Reading