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by Joseph AttohNo Comments
President Mahama Charts Bold Course for Agribusiness at National Dialogue

President Mahama Charts Bold Course for Agribusiness at National Dialogue

Business News, General News, Ghana News
President of the Republic, H.E. John Dramani Mahama, has reaffirmed his administration’s unwavering commitment to transforming Ghana’s economy through strategic investment in agribusiness. He made the remarks during the opening of the National Agribusiness Dialogue in Accra today. Addressing a cross-section of stakeholders including government officials, private sector leaders, farmers, academia, and development partners, President Mahama described the forum as a “vital turning point” in Ghana’s journey to industrialisation and export-led growth. “This forum represents far more than just a routine stakeholder engagement. It is a vital turning point in our shared journey to transform Ghana’s economy through the strategic development of the agribusiness sector,” President Mahama declar...
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by Joseph AttohNo Comments
Accra To Host Maiden West Africa Green Economy Event On September 24

Accra To Host Maiden West Africa Green Economy Event On September 24

Business News, General News, Ghana News, Health & Wellbeing
Accra will host the maiden West Africa Green Economy (WAGE) Roundtable & Awards event on Wednesday, September 24, 2025, bringing together policymakers, business leaders, financiers, and environmental advocates to chart a path toward a more sustainable West Africa. The landmark event, jointly organised by Pent Media Centre (Ghana) and African Consolidated Analytical Limited (Nigeria), aims to foster strategic dialogue and policy innovation to drive green growth across the subregion. The event is themed “Advancing Sustainable Development through Green Growth in West Africa.” Stakeholders from across the continent are expected to explore practical solutions that align environmental sustainability with economic transformation, in line with the United Nations Sustainable Development G...
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by Joseph OtsibahNo Comments
ADB Expands Port Services; 24-Hour Banking Rolls Out At Tema Port To Boost Trade

ADB Expands Port Services; 24-Hour Banking Rolls Out At Tema Port To Boost Trade

Business News, General News, Ghana News, Pent TV
The Agricultural Development Bank (ADB) has introduced round-the-clock banking services at the Tema Port. This move aligns with Ghana’s newly launched 24-hour economy initiative, aiming to boost efficiency and support businesses operating beyond traditional working hours. In the move to enhance sports operations and support around-the-clock trade, ADB has begun offering 24-hour banking services at the Ghana Port and Harbour Authority. The initiative allows importers, exporters, freight forwarders, and clearing agents to pay handling charges any time, any day or night. Managing Director Atto Sarpo says that the service complements the government's 24/7 economy agenda by boosting productivity, job creation, and value addition. The bank also plans to extend the service to other locations n...
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by Joseph OtsibahNo Comments
Samsung Profit Slumps: AI Chip Issues And Export Curbs Hit Q2 Earnings

Samsung Profit Slumps: AI Chip Issues And Export Curbs Hit Q2 Earnings

Business News, General News, International, Science & Technology, World News
Samsung Electronics has forecast a sharp 56% drop in second-quarter operating profit, attributing the decline to sluggish AI chip sales and tightening U.S. export restrictions to China. The tech giant expects operating profit to fall to 4.6 trillion won ($3.3 billion), marking its weakest performance in six quarters and raising concerns about its competitiveness in the fast-growing AI semiconductor sector. Delayed shipments of high bandwidth memory (HBM) chips to Nvidia, a key client, and new U.S. export rules disrupting business in China have significantly impacted earnings. Meanwhile, domestic rival SK Hynix has surged ahead, securing major AI chip supply deals. Despite the challenging outlook, Samsung has announced a 3.9 trillion won ($2.8 billion) share buyback, signalling confid...
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by Joseph OtsibahNo Comments
Volta River Authority Wins Big In Procurement: Three Awards At Africa Summit

Volta River Authority Wins Big In Procurement: Three Awards At Africa Summit

Business News, General News, Ghana News
The Volta River Authority (VRA) has been recognised as a continental leader in public procurement, clinching three major awards at the 2025 Africa Procurement and Supply Chain Summit in Lagos. The VRA was celebrated for its innovative procurement practices and leadership, winning the Excellence in Vendor Engagement award for its Oracle Fusion-powered digital platform, which enables transparent and independent vendor participation. The Authority also earned the Procurement Team of the Year (Silver) award for aligning with national frameworks and enhancing long-term value. In a notable individual achievement, Jacob Fosu Kyei, VRA’s Director of Procurement, was named Africa’s Innovative Public Procurement Leader of the Year, recognising his role in governance-led reforms and digital tra...
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by Joseph OtsibahNo Comments
Ghana Receives $370 Million After Successful Economic Review

Ghana Receives $370 Million After Successful Economic Review

Business News, General News, Pent TV
Ghana has secured a $370 million disbursement from the International Monetary Fund (IMF) following the successful completion of the fourth review under the Extended Credit Facility (ECF) Program. This latest tranche highlights the country’s dedication to implementing key economic reforms aimed at stabilising the economy and fostering sustainable growth. The IMF’s positive assessment reflects Ghana’s progress in fiscal consolidation, inflation control, and structural reforms. The funds will support Ghana’s ongoing efforts to strengthen public finances and accelerate development projects, contributing to greater economic resilience and investor confidence. Officials from the Ministry of Finance welcomed the approval, emphasising that the partnership with the IMF remains crucial for Gha...
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by Joseph AttohNo Comments
Ghana Secures $30 Million Chinese Grant for Modern Aflao Market

Ghana Secures $30 Million Chinese Grant for Modern Aflao Market

Business News, Ghana News, Pentecost News
ACCRA, GHANA – July 7, 2025 – Ghana has successfully secured a $30 million grant from the People's Republic of China, earmarked for the construction of a modern market in Aflao. This development comes on the express instructions of President John Mahama, fulfilling a key promise made during his 2024 electioneering campaign. The grant agreement was officially signed today at Ghana’s Ministry of Foreign Affairs. Hon. Samuel Okudzeto Ablakwa, signed on behalf of the Government of Ghana, while His Excellency Tong Defa, the Chinese Ambassador to Ghana, signed for the Chinese Government. This significant grant mirrors a similar financial commitment from China that facilitated the construction of the impressive Kotokuraba market in Cape Coast during the Mills/Mahama era. The new, modern ...
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by Joseph OtsibahNo Comments
Afreximbank Report Highlights Depreciation in African Currencies

Afreximbank Report Highlights Depreciation in African Currencies

Africa News, Business News, General News
Nearly half of African currencies weakened in May 2025, according to Afreximbank’s latest Monthly Developments in the African Macroeconomic Environment report. The report highlights persistent volatility in the region’s financial landscape. While some countries benefit from reform-led growth, others face intense exchange rate pressures. In Ghana, the cedi fell by 21.5% month-on-month in May despite fiscal reforms and a recent credit upgrade. Nigeria’s naira, though appreciating slightly against the dollar, recorded a significant year-on-year decline. Benin and Namibia maintained relative stability, supported by strong policy buffers and renewed access to European markets. Total African trade fell to $120.8 billion in February, yet intra-African trade under the AfCFTA posted a 5.6% ye...
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by Joseph OtsibahNo Comments
Cocobod Launches Major Anti-Smuggling Campaign In Volta

Cocobod Launches Major Anti-Smuggling Campaign In Volta

Business News, General News, Ghana News
The Ghana Cocoa Board (COCOBOD) is intensifying its fight against cocoa smuggling with a major intervention in the Volta Region. Board Chairman Dr. Samuel Ofosu Ampofo announced a coordinated effort involving the Ghana Police Service, Marine Police, Ghana Ports and Harbours Authority, and the National Intelligence Unit. The campaign targets smuggling hotspots, beginning with the Volta Region, to restore control over cocoa flows and preserve the country’s vital agricultural exports. Dr. Ampofo emphasised that smuggled cocoa distorts trade figures, deprives farmers of fair prices, and affects national planning. The illegal trade undermines investments in the sector and threatens the sustainability of Ghana's cocoa legacy. REPORT BY ELSIE KOOMSON APPIAH
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by Joseph OtsibahNo Comments
PR Professionals Worldwide To Gather For World Public Relations Day Festival

PR Professionals Worldwide To Gather For World Public Relations Day Festival

Business News, General News, International, World News
The Global Media Alliance has announced the 5th edition of the World Public Relations Day Festival, a landmark event uniting professionals, thought leaders, and innovators from across the globe to celebrate and advance public relations. Scheduled for later this year, the festival is expected to attract hundreds of industry professionals, academics, and media personalities worldwide. Now in its fifth year, the festival has become a premier platform for discussing trends, challenges, and opportunities in PR. This year’s theme, “Shaping the Future of PR: Innovation, Trust, and Impact,” reflects the evolving role of public relations in today’s fast-paced digital landscape. Attendees can look forward to keynote speakers, panel discussions, workshops, and networking sessions. Organizers...
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