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Mahama touts $10bn Big Push programme to drive infrastructure, jobs
business

Mahama touts $10bn Big Push programme to drive infrastructure, jobs

President John Dramani Mahama has touted his administration’s $10 billion Big Push Infrastructure Programme, saying the initiative will accelerate infrastructure development, create hundreds of thousands of jobs and complete stalled legacy projects across the country. Speaking at the 13th Financial Times (FT) Africa Summit in London, President Mahama said the programme would be implemented over five years, with $2 billion allocated annually.

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ECOWAS Energy Ministers to consider battery storage, electricity market regulations
business

ECOWAS Energy Ministers to consider battery storage, electricity market regulations

Energy Ministers of the Economic Community of West African States (ECOWAS) are meeting in Accra to consider two regional instruments on battery energy storage and electricity market regulation. Mr Amin Amidu Sulemani, Commissioner for Infrastructure, Energy and Digitalisation at the ECOWAS Commission, said the instruments would promote a coordinated approach to energy development across the sub-region.

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Mahama holds discussions with UK Foreign Secretary
business

Mahama holds discussions with UK Foreign Secretary

President John Dramani Mahama has held discussions with Mr Ed Miliband, the United Kingdom Secretary of State for Foreign, Commonwealth and Development Affairs in London. A statement issued by Ghana’s Presidency said the discussions centred on strengthening the historic partnership between Ghana and the United Kingdom, with particular focus on expanding trade and investment, promoting sustainable economic growth, and advancing shared global priorities.

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Some of Europe’s highest energy costs expected in Britain this winter
business

Some of Europe’s highest energy costs expected in Britain this winter

Official forecasts show country will meet energy demand by paying high prices to secure imports Great Britain is expected to pay some of the highest energy costs in Europe this winter as its reliance on imports to ensure a steady supply is forecast to deepen. Energy system operators have said the country will have enough gas and electricity to meet demand over the coldest months – in part because of paying higher market prices than neighbouring markets to secure imports.

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GIPA takes investment hunt to districts to unlock opportunities for local firms
business

GIPA takes investment hunt to districts to unlock opportunities for local firms

The Ghana Investment Promotion Authority (GIPA) is mapping investment opportunities across the country’s districts and regions to help local businesses identify new avenues for growth. Its Chief Executive Officer, Simon Madjie, says regional investment roadshows back the initiative and encourage Ghanaian firms to explore opportunities beyond their existing markets.

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State contracts alone won’t build business giants – GIPA CEO
business

State contracts alone won’t build business giants – GIPA CEO

Ghanaian businesses must build lasting strength beyond government contracts to become business giants, the Chief Executive Officer of the Ghana Investment Promotion Authority (GIPA), Simon Madjie, said. Madjie cited Kasapreko as an example of a Ghanaian business that had grown by understanding and developing its value chain.

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Sharp drops for AI stocks overwhelm markets worldwide as oil prices jump
business

Sharp drops for AI stocks overwhelm markets worldwide as oil prices jump

Datacenter and chip costs fueled sharp decrease in AI sector although non-AI stocks still had a strong showing The latest shudder for stocks in the AI industry pulled markets lower worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran. The weakness for tech stocks was so overwhelming that it masked strength for the rest of the US market, in which the majority of stocks actually rose.

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