Tag: Ghana

Ghana’s Sentuo oil refinery.
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Ecobank leads $200 million push to double Ghana’s Sentuo Oil Refinery capacity

Ecobank leads a $200 million syndicated facility to expand the $1.98 billion Sentuo refinery, cutting Ghana's dependency on foreign oil.

Omokolade Ajayi Omokolade Ajayi
Hyundai picks Ghana for West Africa factory
TechnologyBusiness

Hyundai picks Ghana for West Africa factory in major boost to African industry

Hyundai to build a West Africa factory in Ghana, boosting jobs, manufacturing, and South Korea-Africa industrial ties.

Oluwatosin Alao Oluwatosin Alao
Gold nuggets.
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Ghana set to ramp up gold purchases as mining rules tighten for foreign firms

Bank of Ghana to buy 30 percent of miners’ gold output from June 1 to boost reserves, stabilize currency, and expand local refining.

Omokolade Ajayi Omokolade Ajayi
International Monetary Fund
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Ghana approves final review of $3 billion IMF program amid economic reforms

Ghana completes final IMF review of $3bn program as reforms, gold exports and cedi gains drive economic stabilization.

Timilehin Adejumobi Timilehin Adejumobi
Gold nuggets.
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Ghana orders Newmont, AngloGold, Zijin to hand mining work to locals by December 2026

Regulators in Ghana direct Newmont, AngloGold Ashanti and Zijin Mining to shift operations to local contractors by December 2026.

Omokolade Ajayi Omokolade Ajayi
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Nigeria’s Terra Industries to open Africa’s largest drone factory in Ghana

Terra Industries, Nigeria’s defense tech startup, is building Africa’s largest drone factory in Accra, Ghana after raising $34 million.

Omokolade Ajayi Omokolade Ajayi
Abena Amoah Managing Director of the Ghana Stock Exchange
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Meet Abena Amoah: First female CEO of Ghana Stock Exchange

Abena Amoah, first female CEO of Ghana Stock Exchange, drives market growth, listings, and regional integration across Africa. GSE.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Ghana says it will favor local buyers as Ibrahim Mahama bids for Damang gold mine

Ghana opens Damang gold mine to local firms; Ibrahim Mahama among bidders with $500 million investment plan.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
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As petrol rises 84% in Nigeria, Dangote refinery sends fuel to Ghana, 4 others

As petrol rises 84% in Nigeria, Dangote refinery boosts regional exports, shipping 456,000 tonnes of refined fuel to five African nations.

Omokolade Ajayi Omokolade Ajayi
UN declares transatlantic slave trade a crime against humanity
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UN calls transatlantic slave trade crime against humanity, seeks reparations

The United Nations General Assembly has declared the transatlantic slave trade a crime against humanity, a move that adds weight to growing calls for reparations and a fuller reckoning with the past. The resolution, adopted Wednesday, reflects a broader push by member states to confront the lasting economic and social damage linked to centuries of forced labor and displacement.  The…

Oluwatosin Alao Oluwatosin Alao
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Ghanaian businessman bids to take over gold mine from Africa’s biggest miner

Ibrahim Mahama bids to take control of Ghana’s Damang gold mine, backed by a $205 million loan to expand operations.

Omokolade Ajayi Omokolade Ajayi
Gold nuggets.
BusinessHot News

U.S., China push Ghana to halt gold royalty hike amid miner backlash

U.S. and China urge Ghana to reconsider gold royalty hike as miners warn higher rates could hurt Africa’s top gold producers.

Omokolade Ajayi Omokolade Ajayi