With under a third of Africa's refining capacity active the continent is suffering soaring fuel costs. Both Ghana and Cameroon have refineries ... in need of repair. Projects such as Dangote's 650 barrel a day refinery cannot come soon enough...
Ghana produced a record 1.4m tonnes of cocoa beans in the 2020/21 season. This year has been much tougher. “Last season we ended the year with ... our highest production, but this year, seeing galamsey [illegal mining] taking a lot of our cocoa lands and the extensive harmattan, our production will be affected,” says Fiifi Boafo, public affairs manager of Ghana’s state-run Cocobod, which manages the sector.
Ghana needs to reduce taxes on some imports and take long-term supply-side measures as interest rates alone are no longer capable of controlling ... inflation, James Dzansi, an economist at the International Growth Centre in Accra, tells The Africa Report.
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Ghana hosts the Africa Continental Free Trade Area (AfCFTA) secretariat. Now, the government wants to gather the continent’s business and political ... leaders for an annual convention to drive Africa’s single continental market agenda: the Kwahu Summit, 28 & 29 October 2022.
Prices of food, especially wheat and bread as well as key agricultural inputs, such as fertiliser, have been pushed to new heights in Africa ... due to Russia’s invasion of Ukraine. The situation is getting worse, but the African Development Bank (AfDB) says Africa will not face a food crisis
Dutch-based construction and engineering company Ballast Nedam expects a major increase in the share of its project pipeline coming from Africa, ... CEO for international projects Roy van Eijsden tells The Africa Report.
The prospect of a series of interest-rate increases by the US Federal Reserve highlights the need for African countries to increase savings rates ... so that banks can provide debt finance in local currencies, S&P Global Ratings sovereign specialist Frank Gill tells The Africa Report.