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Togo

U.S. Slaps 10% Tariff on Togo: Trade Tensions Threaten AGOA Gains and Fuel China Shift

On April 2, 2025, the U.S. announced a 10% customs duty on all imports from Togo, effective April 5, 2025—a move that risks derailing the West African nation’s export growth and complicates the future of the African Growth and Opportunity Act (AGOA). President Donald Trump’s decision, part of a broader tariff wave targeting African nations, hits Togo’s agricultural and textile sectors hardest, while raising questions about AGOA’s renewal and Togo’s pivot to China. Key Impacts on Togo’s Economy Agricultural exports at risk: Coffee, cocoa, shea butter, and soybeans—cornerstones of Togo’s $97M U.S. export market (2024)—face immediate strain. These products thrived under AGOA, which enabled duty-free access since 2000. Textile blow: The Plateforme Industrielle d’Adétikopé (PIA), a flagship industrial zone, recently began exporting garments to the U.S. New tariffs could stifle this nascent growth. Regional disparities: Lesotho faces a steeper 50% tariff, […]

Ahmad April 5, 2025

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Togo

Togo’s AI Ambition Takes Center Stage at Global Summit: President Gnassingbé Charts Path for Innovation

Togolese President Faure Gnassingbé joined global leaders, tech pioneers, and investors at the Global AI Summit on Africa in Kigali, Rwanda, held April 3–4, 2025. Centered on the theme “Artificial Intelligence and Africa’s Demographic Dividend,” the event highlighted strategies to harness AI for inclusive growth, youth employment, and ethical governance. Here’s how Togo is positioning itself at the forefront of Africa’s AI revolution. Summit Spotlight: AI’s Role in Africa’s Future Co-hosted by the Centre for the Fourth Industrial Revolution (C4IR) and the World Economic Forum (WEF), the summit tackled critical topics: Job creation: Balancing AI’s automation risks with opportunities for Africa’s booming youth population. Data governance: Building frameworks to ensure ethical AI development and cross-border collaboration. Entrepreneurship: Empowering startups to drive AI-driven solutions in sectors like healthcare, agriculture, and finance. President Gnassingbé’s participation underscored Togo’s proactive stance. “The Head of State’s presence reflects Togo’s commitment to integrating […]

Ahmad April 5, 2025

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Togo

Togo’s Business Landscape in 2025: A 5% Dip in New Ventures 

Togo’s entrepreneurial scene saw a slight cooling-off in the first quarter of 2025, with new business registrations dropping by 5% year-on-year. According to data from the Center for Business Formalities (CFE), 4,262 new businesses were registered between January and March 2025, down from the same period in 2024. While the dip raises questions about economic momentum, the numbers also reveal promising trends in local entrepreneurship and gender inclusivity. Let’s unpack the details. Key Highlights from Q1 2025 Homegrown entrepreneurship thrives: Togolese nationals dominated new business launches, accounting for 81% of registrations. Women’s growing footprint: Female entrepreneurs made up 28.6% of new ventures, underscoring gradual progress in closing the gender gap. January leads the way: The year started strong with 1,498 new businesses registered in January alone, outpacing February (1,314) and March (1,450). A Decade of Reforms: Laying the Groundwork The steady flow of new businesses—despite the […]

Ahmad April 5, 2025

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Entertainment

McDan Pledges to Invest in Ghana’s Creative Industry

Daniel McKorley, the CEO of McDan Group of Companies, has announced his intention to invest in Ghana's creative industry, highlighting the wealth of talent that exists in the sector. In an interview with NY DJ on BTM Afrika, McKorley praised Ghanaian artists such as Shatta Wale and Stonebwoy, noting their exceptional talent and work ethic, although they face financial challenges in advancing their careers.McKorley emphasized the financial potential of the creative sector, stating that while it is not his primary focus, he is keen to provide support as a "godfather" figure, helping to facilitate the growth of the industry. He also encouraged other businessmen to invest in the creative sector, which he described as an important source of income and cultural representation for Ghana.In addition to his broader commitment to the sector, McKorley has already demonstrated support for individual creatives. […]

Muhammad Saminu April 5, 2025

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General

Prof. Samuel Kobina Annim Sacked as Government Statistician, Dr. Alhassan Iddrisu Appointed Acting Government Statistician

President John Mahama has appointed Dr Alhassan Iddrisu as the acting government statistician, following the dismissal of Prof. Samuel Kobina Annim. Dr Iddrisu, who is currently serving as the Director of the Economic Strategy and Research Division at the Ministry of Finance, has extensive experience in macroeconomic analysis and policy research. His appointment is effective immediately, though it is subject to mandatory consultations with the Council of State.Dr Iddrisu has a PhD in International Development Studies from Japan's National Graduate Institute for Policy Studies, and he has worked in various positions related to national economic assessments and forecasting. He has also consulted for international organisations like Oxfam GB and the World Bank.The outgoing government statistician, Prof. Annim, was appointed by the previous New Patriotic Party (NPP) administration in March 2019 and had previously worked as an associate professor at the […]

Muhammad Saminu April 5, 2025

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General

Ministries, Departments & Agencies Affected by Auditor-General’s Payroll Audit

The Auditor-General’s Office has launched an extensive nationwide payroll audit targeting Ministries, Departments, Agencies (MDAs), and subvented organizations within the Government of Ghana’s payroll system. The audit will focus on verifying government employees and eliminating fraud, covering the period from January 2023 to December 2024. The process involves a physical headcount and scrutiny of payroll records to identify ghost names and financial discrepancies.The list of affected institutions spans across numerous ministries, government agencies, subvented organizations, and regional development agencies. Notable ministries include the Ministry of Finance, Ministry of Education, Ministry of Health, and the Ministry of Defense, among others. The audit will also examine personnel records, salary payment vouchers, and compensation budgets.The audit is a response to concerns over payroll fraud, including a previous case where GH¢17.8 million in unearned salaries was paid to non-existent workers. The findings will be […]

Muhammad Saminu April 5, 2025

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Greater Accra

Shai Hills Industrial Park: $500M Investment Set to Revamp Ghana’s Economy

Ghana is set to receive a major economic boost with the development of the Shai Hills Industrial Park, backed by a $500 million investment. This initiative promises to transform the nation's economy by attracting industries, creating jobs, and fostering economic growth. The project aims to capitalize on Ghana's strategic location and growing industrial sector, making it a hub for local and international businesses. The Shai Hills Industrial Park is expected to play a key role in the country’s long-term development goals.

Muhammad Saminu April 5, 2025

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Sports

Cristiano Ronaldo: “I’m Not Chasing 1,000 Goals”

Cristiano Ronaldo, despite scoring a brace for Al Nassr in a thrilling 2-1 win over Al Hilal in the Saudi Pro League, has downplayed the pressure of reaching 1,000 career goals. His two goals on April 4, 2025, brought his tally to 931, but the Portuguese star insisted that he isn’t focused on the milestone. Instead, Ronaldo emphasized enjoying the present and prioritizing team success over individual achievements. His performance helped Al Nassr secure an important win in the derby, and the team is now just three points behind second-place Al Hilal with nine games remaining in the league.

Muhammad Saminu April 5, 2025

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Sports

Real Madrid Players Fined Over Controversial Gestures Ahead of Arsenal Clash

Real Madrid's Antonio Rudiger, Kylian Mbappe, Vinicius Jr., and Dani Ceballos were investigated for inappropriate gestures following their dramatic win over Atletico Madrid in the Champions League. UEFA's disciplinary committee cleared Vinicius Jr. of wrongdoing, but Rudiger, Mbappe, and Ceballos were found in violation of conduct rules. While Rudiger and Mbappe received fines and suspended one-match bans, Ceballos was fined as well. Despite the sanctions, all four players are still eligible to play in the upcoming Champions League quarter-final against Arsenal.

Muhammad Saminu April 5, 2025

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Entertainment

Ja Rule Recalls Recording a Song with Ghanaian Artiste Over a Decade Ago

American rapper Ja Rule recently revealed in an interview that he recorded a song with a Ghanaian artiste over 10 years ago, but he cannot remember the name of the artist. Ja Rule shared this memory during an interview on April 1, 2025, as he was in Ghana for the commissioning of a six-unit classroom block at St John’s Anglican Basic School in Nuaso, Eastern Region, a project he initiated with Pencils of Promise.Ja Rule reflected on the experience, stating that he recorded the song in a studio in Ghana and that it was a "dope" session. Despite this, he mentioned that he could not recall the name of the artist he worked with at the time. He also praised the rise of Afrobeat, acknowledging its global success.Following his remarks, Ghanaian rapper Kojo Cue suggested that the artiste in question […]

Muhammad Saminu April 5, 2025

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