Tag Archives: Ghana

GHANA is testing a cutting-edge system to trace cocoa beans from farm to port as it prepares for the implementation of a new European Union law that bans the import of commodities linked to deforestation. The law, set to take effect at the end of December, requires EU importers of …

GHANA has officially invited holders of nearly $13bn in international bonds to participate in a debt swap as part of its ongoing restructuring efforts. The announcement, made on Thursday, follows months of negotiations and comes after a preliminary agreement with two bondholder groups. Bondholders have until September 30 to accept …

  THE United States and Ghana have entered into a significant commercial agreement that marks a major step forward in their civil nuclear cooperation. According to a statement from the US State Department, the agreement was signed between Nuclear Power Ghana (NPG) and Regnum Technology Group, a US developer specialising in …

IN 2022, Ghana saw 18,000 hectares of forest disappear—an area roughly the size of 30,000 football fields. Despite these troubling deforestation rates, the Ghanaian government has introduced measures that could put its protected woodlands at even greater risk. In November 2022, the government enacted legislation that allowed mineral extraction in …

GHANAIAN President Nana Akufo-Addo has officially launched the construction of a major oil refinery in the southwestern town of Jomoro, a move that aims to position the West African nation as a leading petroleum hub in the region. The ambitious project is designed to process 300,000 barrels of oil per …

IN a significant blow to the global cocoa market, trading houses are facing losses of at least $1bn after Ghana failed to deliver cocoa beans this year. This situation has been exacerbated by soaring global cocoa prices, driven by factors like adverse weather, bean disease, smuggling, and illegal mining, which …

GHANA has reached a preliminary agreement with its bondholders to restructure $13bn in international debt, according to three sources who spoke to Reuters. This follows a recently finalised deal with official creditors. Key agreement details: Bondholders will face a principal haircut of up to 37 percent. Bond maturities will be extended. …

GHANA, the world’s second-largest cocoa producer, is set to delay the delivery of up to 350,000 tons of cocoa beans to the next season due to poor crops, according to five sources who spoke to Reuters. This decision further exacerbates the challenges facing the global chocolate industry. Chocolate makers globally are …

GHANA’S agricultural workers are attributing severe vegetable shortages and price hikes to the activities of illegal miners, known locally as ‘galamsey,’ which translates to ‘gather them and sell.’ These miners conduct illegal small-scale mining, primarily in gold-rich deposits across the country, severely impacting the agricultural sector. Edward Kareweh, General Secretary …

GHANA’S parliament reconvened on Friday after being adjourned since March due to a dispute between the speaker and the president over an anti-LGBT bill. The session saw the approval of ministerial appointees and a $150 million loan agreement with the World Bank. Majority Leader Alexander Afenyo-Markin stated that the urgent …