24July2014

Business in Ghana

Employers Want Smugglers Punished Severely

The Ghana Employers Association (GEA) has called for severe punishment for smugglers of counterfeit pharmaceutical products and textiles into the country to deter the practice and save local industries.

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Santerre Limited To Develop A 200 MW Thermal Power Plant

... to help ease the electrical power crisis in Ghana.

SANTERRE Limited has entered into an agreement to finance and develop a 200 MW combined-cycle thermal power plant in the Republic of Ghana as an independent power producer (IPP). Construction of the plant is expected to begin in 2015.

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Cedi Seen Firming Ahead Of Eurobond

Ghana's $1.5 billion Eurobond issue due later this month is expected to boost the flagging cedi.

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AngloGold Ashanti Closes Obuasi Mine In December

-To engage in Surface mining for more profit

Information gathered reveals that AngloGold Ashanti will shutdown its Obuasi Concession by the end of December this year.

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Agric Sector Tops First-quarter GDP Growth

Ghana’s Minister of Finance, Seth Terkper has revealed that the nation’s agricultural sector led in the growth of the country’s Gross Domestic Product (GDP) for the first quarter of 2014.

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