Brazil has decided to abandon the proposal for a common BRICS currency during its presidency of the bloc this year. Instead, the country will focus on trade using local currencies to reduce dependence on the U.S. dollar. This decision comes…
Canada is expected to face a major labor shortage, with 8.1 million job openings projected between 2024 and 2033. Employment and Social Development Canada (ESDC) warns that over 100 occupations are at risk of shortages, creating challenges for businesses and…
AfCFTA: Unlocking Africa’s Economic Potential The African Continental Free Trade Area (AfCFTA) is a game-changing initiative that creates a $3.4 trillion market. With a population of 1.3 billion across 54 nations, it aims to boost intra-African trade by 53%, create…
The Ghana Cocoa Board (COCOBOD) is taking stronger measures to combat cocoa smuggling. This illegal activity has severely impacted Ghana’s cocoa industry. In the 2023/24 season, the country lost about 160,000 tons of cocoa due to smuggling. The main reasons…
Mark Zuckerberg, CEO of Meta, has declared that mobile phones will soon be obsolete. He introduced advanced smart glasses as their replacement, predicting they will dominate communication and computing in the next decade. At the Meta Connect 2024 event, Zuckerberg…
A new report from the World Bank has highlighted that Ghana’s impressive GDP growth in recent years was largely driven by excessive debt accumulation. The report warns that while economic expansion appeared strong, much of it was unsustainable due to…
The International Finance Corporation (IFC) of the World Bank is set to invest a whopping $600 million in Ghana’s private sector to boost job creation and economic growth. This significant investment will focus on the garment industry and agro-processing sectors,…
The Ghanaian government is actively promoting its 24-hour economy strategy to U.S. investors to enhance productivity, job creation, and economic growth. This initiative encourages businesses to operate around the clock, ensuring maximum economic output. At a recent business forum in…
Food Safety Alert: 200+ Diseases Linked to Contaminated Food The alarming reality is that over 200 diseases are caused by consuming contaminated food, affecting 1 in 10 people worldwide each year. Children under 5 carry a disproportionate 40% of the…
The President of The Republic of Ghana HE. John Dramani Mahama has unveiled his proposed cabinet, which comprise 19 ministries in resetting Ghana . This move is part of his campaign promise to run a lean government, reducing the number…
The Bank of Ghana has launched a comprehensive audit of remittance activities, covering the fourth quarter of 2024, from October 1 to December 31. This audit aims to assess the remittance process and recommend improvements to ensure compliance with relevant…
West Africa’s Gold Rush: Understanding the Formation and Exploration of the Region’s Rich Gold Deposits The Sahel region of West Africa has been a hub of gold mining activity for centuries, with countries such as Ghana, Mali, and Burkina Faso…