News Headlines

Ghana-Italy Trade Yields €400m in 2018

The Italian Ambassador to Ghana, Mr. Giovanni Favilli, has said bilateral trade between Italy and Ghana yielded nearly €400 million last year. He said that was because of the fruitful relationship between the two countries in their long-standing economic cooperation and shared values.

Mr. Favilli disclosed this at the Italian National Day in Kumasi over the weekend. According to him, some 1,145 Ghanaians who also hold Italian citizenship remitted $151 million to Ghana upon engaging in productive ventures in Italy in 2017.

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Ghana Prepared to Review its Contracts with Oil Companies Failing to Honour Obligations

While investment in the oil industry is important, ensuring that the citizens of an oil-producing country yield the benefits of the resource is even more critical. This is according to Yofi Grant, Chief Executive Officer, (CEO) of the Ghana Investment Promotion Centre, (GIPC).

The Investment Official, who accompanied Ghana‘s President Nana Addo Dankwa Akufo-Addo on his just concluded State visit to Guyana, shared briefly his nation’s take on the growing oil industry.

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European Union Commission Veep at first Ghana-EU Business Forum

The European Commission Vice President for Jobs, Growth, Investment and Competitiveness, will arrive in Ghana on June 13, for a two-day official visit as part of a two-nation visit to Togo and Ghana.

While in Ghana, Jyrki Katainen will participate in the first Ghana-EU Business Forum, on 14 June in Accra and deliver the closing remarks alongside the Vice-President Dr Mahamudu Bawumia.

He will also hold bilateral meetings with Ghana's Vice President and the Economic Management team.

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Austrian President lauds Ghana as Important Business Destination in Africa

The President of Austria, Alexander Van der Bellen, has described Ghana as the most important destination in Africa currently for Austrian businesses.

According to him, the management of the Ghanaian economy, especially over the last two years, for which Ghana is projected to be the fastest growing economy in the world in 2019, has made the country very attractive for investors from Austria.

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China Trade Week to Attract More Investors to Ghana

Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC)- Yofi Grant, says his outfit is seeking to use the China Trade Week to attract more investments to Ghana.

The event is expected to bring about a hundred investors and six thousand visitors to explore business opportunities between China and Ghana. China is currently one of Ghana’s largest trading partner. According to statistics, Ghana’s export to China surpassed $1.85 billion in 2018 whereas China-Ghana bilateral exchange reached $6.67 billion in 2017 spanning across various sectors.

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