Ghana

Ghana Directs Foreign Nationals to Exit Local Gold Market by April 30, 2025 It was barely a year ago when a conversation over coffee in Accra turned to the booming gold trade and the significant presence of foreign entities involved. My companion, a dedicated small-scale miner by profession, voiced a wary hope, "One day, perhaps, Ghana will have better control of its own precious resources." It seems now, that day has come. On April 14, Ghana officially announced a sweeping directive urging all foreign nationals…

Edited by Ali Musa, Axadle Times International–Monitoring Fuel prices—those defiantly fluctuating metrics that often dictate our frustrations at the pump and influence our day-to-day choices. I mean, who hasn't spent that fleeting moment wondering if it's worth driving across town just to save a few cents per litre? According to recently compiled data from GlobalPetrolPrices.com, some countries have either mastered the art of keeping these prices low—or have strategies so elusive that they look like they've cracked…

Expanding Horizons: First National Bank's Strategic Growth in Africa As the world watches, Africa is blossoming into a hub of economic opportunities, with many eyes drawn to its burgeoning affluent demographic. In the midst of this transformation, a subsidiary of South Africa’s financial powerhouse, FirstRand Ltd., is keenly setting its gaze on Ghana. But what prompts a bank to venture into another country's market? The answer lies in the undeniable growth of Africa's affluent…

Ghana's Lithium Refining Dilemma: Weighing the Economic Scales In the heart of West Africa, Ghana stands at a crossroads. A recent report from the Natural Resource Governance Institute (NRGI) presents an unsettling choice: push for domestic lithium refining or continue exporting raw lithium spodumene concentrate. Why does this decision carry such weight? At first glance, local refining might seem like the patriotic choice. However, as with many things, the devil is in the details. The report meticulously…

In a compelling endeavor to bring stability and sustainability to Ghana's small-scale mining landscape, a new initiative, known as the Small-Scale Mining Licence Review Committee, has set its sights on scrutinizing the legitimacy and environmental adherence tied to existing mining licences. How will this change the industry dynamics, and what does it mean for the stakeholders involved? Committee to Focus on Compliance and Sustainability The committee, led by the astute Deputy Minister…

Reshaping Trade Pathways: Ghana's Strategic Move Beyond the U.S. Imagine a nation at a crossroads, one teetering on the brink of a dynamic change in its economic strategy. Ghana finds itself in such a scenario, striving to brace its economy against the turbulent waves of global trade shifts. The crux of the matter lies in diversification—or as the economic think tank IMANI Africa earnestly puts it, an "essential cushion" against the menacing tides of external trade shocks. Picture this:…

In an effort to bring orderly conduct to the bustling streets of Ghana, a new initiative has emerged, paving the way for enhanced road safety and comprehensive regulation. Under this fresh framework, the Ghana Police Service gains increased authority to enforce road traffic laws aimed squarely at motorcyclists—a decision sure to spark a conversation about safety and compliance. Among the key figures spearheading this change is Mr. Nikpe. In his words, the updated…

Ghana Bauxite Company: A Visionary Leap Forward The recent capital infusion into Ghana Bauxite Company (GBC) has truly turned the tides of operational efficiency. Picture this: a fleet renewed, machinery retooled, and the acquisition of cutting-edge equipment like surface miners and high-capacity dump trucks. This transformation isn't just a change in machinery but a significant enhancement of GBC's production prowess. GBC's General Manager, Mr. Alexander Gyedu, radiates optimism as he shares how the…

In recent developments, Ghana is embarking on an ambitious journey toward an energy transformation. In a nation where renewable energy currently comprises a mere 1% of the overall energy mix, authorities have set a target to elevate this figure to 10% by 2030. A striking step in this direction is the installation of a pioneering floating solar project on the expansive Volta River, a symbolic endeavor that showcases the ingenuity of Ghanaian engineers. Minister of Energy and Green Transition John Jinapor proudly declared…

Today, a succinct yet crucial announcement made its way from the chambers of the international financial scene. The World Bank dispelled any doubts with a firm proclamation: "No projects in the World Bank-financed portfolio in Ghana are currently suspended." This declaration comes as a breath of fresh air amidst whispers of possible disruptions that could have sent ripples through the corridors of Ghanaian development sectors. Why such a hue and cry about these projects? Imagine waking up to…