News Headlines

Ghana Improves in World Bank Ease of Doing Business Report

Ghana has made progress to improve the ease of doing business, according to the World Bank Group 2019 Doing Business Report.

Doing Business 2019 is the 16th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it.

Doing Business presents quantitative indicators on business regulation and the protection of property rights that can be compared across 190 economies.

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Inflow of Foreign Investment Shows We’re Progressing – Nana Addo

President Akufo-Addo has said the show of interest by multinational companies in doing business in Ghana indicates that the country is on the path of progress.

According to him, the government has put in place adequate measures to attract more investors into the country hence the rush.

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 “Siemens to Establish Presence in Ghana Soon” – President Akufo-Addo

President Nana Addo Dankwa Akufo-Addo, says German conglomerate company, Siemens AG, which is the largest industrial manufacturing company in Europe, will soon announce its decision to establish a presence in Ghana. 

Siemen’s decision, together with that taken by German car manufacturing giant, Volkswagen, to establish an assembly plant in Ghana soon, President Akufo-Addo stressed are testament to the efforts Government has put into creating the necessary environment for the private sector to flourish. 

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German Firm Signs €8m Agreement with Ghana’s Agricare

Germany’s leading manufacturer and supplier of specialist and compound, feeds, HL Hamburger Leistungsfutter GmbH, has signed an €8 million agreement to invest in Ghanaian company, Agricare Ltd. The investment from HL Hamburger into Agricare comprises full technology transfer in animal feed formulation and sales.  It is also to enable Agricare utilise more locally produced raw materials in the formulation of feeds.

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Ghana Committed to Moving Forward Without Aid – Bawumia

Ghana is pursuing an “aggressive private sector-led investment drive” to fulfil a commitment by the government to reduce dependency on aid, Vice President Mahamudu Bawumia, has said.

The move “Ghana beyond aid” is being driven by President Nana Akufo-Addo, who wants the country to use its vast natural resources to fund its development.

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