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Greater Accra

Ghana’s Workforce Struggles as 74% Lack Higher Education – Economist Warns

Ghana’s economic growth is being hindered by a significant skills gap, with 74% of the workforce having no education beyond Junior High School (JHS), according to labour economist Prof. William Baah-Boateng. Speaking at the launch of the Productivity, Employment, and Growth Report on February 24, 2025, he highlighted that 20% of Ghana’s workers have no formal education, while 54% have only completed JHS.He described this as a major structural issue limiting productivity, making it difficult for the country to compete globally or implement policies like a 24-hour economy. Ghana’s labour productivity currently averages $6 per hour, compared to $70 in the United States—a gap too wide for sustainable economic progress.The report revealed that despite an average annual productivity growth of 3.2% from 1991 to 2019, most workers remain in low-productivity sectors like informal urban services and household agriculture. While the […]

Edem 4Style February 24, 2025

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Nigeria

Falcon Sustains Gas Infrastructure Devt In Nigeria

An indigenous and integrated gas value chain company, Falcon Corporation Limited has embarked on an integrated gas expansion programme aimed at expanding Liquified Petroleum Gas (LPG) penetration in Nigeria.The firm, with expertise in delivering world class energy solutions across the midstream and downstream sectors of the industry positioned itself with the construction of a 15,000 metric tonnes capacity LPG storage facility with jetty access for marine activities in Port Harcourt, Rivers State. Speaking on the project,  its managing director of the firm, Prof. Joe Ezigbo said, the facility is constructed in over 110,000sqm of land for end-to-end LPG delivery to distributors and off takers for throughput activities. He added that, Falcon Corporation desire to deepen gas utilisation in the South South and South East by making LPG available to users by bridging the rigour of taking gas first to Lagos, […]

Ahmad February 23, 2025

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Greater Accra

Former German President Backs Ghana’s 24-Hour Economy Initiative.

Former German President Christian Wilhelm Walter Wulff has lauded Ghana’s proposal to establish a 24-hour economy, describing it as a transformative idea for economic growth. Speaking during his visit to AmaliTech, a German IT firm operating in Ghana and Rwanda, he highlighted how this initiative could strengthen global business partnerships.AmaliTech, which has been training and employing Ghanaian youth in digital fields like software development and data science, exemplifies the country's potential to bridge Europe’s digital talent shortage. Wulff expressed admiration for Ghana’s educated workforce and its ability to support German businesses, calling it a "win-win" for both countries.The Director of Operations at AmaliTech, Mathew Opoku-Darkwa, underscored the need for reliable infrastructure to fully implement the 24-hour economy and capitalize on the global demand for digital talent.

Edem 4Style January 13, 2025

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ASHANTI

Obuasi East Youth Receive Start-Up Kits to Launch Careers.

Over 50 young entrepreneurs in the Obuasi East Municipality have received essential start-up kits from the Youth Employment Agency (YEA) after completing a six-month skills training program. The equipment, which included hair dryers, auto repair kits, makeup sets, and safety gear, was presented by Hon. Faustina Amissah, the Municipal Chief Executive.The training focused on fields such as plumbing, vehicle servicing, beauty care, and woodworking, empowering participants with valuable skills and NVTI-accredited certificates. Beneficiary Priscilla Opoku expressed her gratitude, stating the program has enabled her to start her own business.Hon. Amissah emphasized the government’s dedication to youth empowerment and urged recipients to use their tools effectively to create sustainable businesses.

Edem 4Style November 15, 2024

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ASHANTI

Ghana Unveils Groundbreaking 5G Network.

Ghana has officially launched its first 5G network, marking a significant advancement in the country's telecommunications landscape. The event, led by Minister for Communications and Digitalisation, Hon. Ursula Owusu-Ekuful, highlighted the transformative potential of 5G technology, promising enhanced connectivity, productivity, and economic growth.The initial rollout targets major cities like Accra, Kumasi, and Takoradi, with plans for nationwide coverage, including rural areas, by 2026. This ambitious timeline aims to ensure that all Ghanaians can enjoy the benefits of high-speed internet.Owusu-Ekuful emphasized the revolutionary capabilities of 5G, which include higher speeds, lower latency, and increased capacity for innovations across various sectors such as agriculture, healthcare, and manufacturing. A multi-phase strategy is in place to facilitate this rollout while addressing challenges such as cybersecurity and affordability.The government is committed to safeguarding user data through stringent protections and fostering a collaborative environment with telecom […]

Edem 4Style November 2, 2024

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Entertainment

National Tourism Awards Celebrated at Osu Castle Gardens.

The Ghana Tourism Authority (GTA) recently held the National Tourism Awards at the Osu Castle Gardens in Accra, an event dedicated to honoring outstanding contributions to Ghana's tourism sector. This year's ceremony celebrated various tourism professionals, businesses, and organizations that have demonstrated excellence and innovation, boosting Ghana's appeal as a top travel destination. With awards spanning multiple categories, including hospitality, travel services, and ecotourism, the event highlighted the growing significance of tourism for Ghana’s economy and its cultural heritage. The choice of Osu Castle Gardens as the venue added historical significance, showcasing one of the country’s renowned landmarks. The GTA aims to inspire continued development in the tourism sector by recognizing leaders and innovators who contribute to Ghana’s visibility on the global stage. The awards also align with Ghana’s agenda to increase tourism revenue by attracting more international and local […]

Edem 4Style October 28, 2024

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Ahafo

IMF Projects Ghana’s Debt to GDP Ratio Will Reach 83% by end of 2024

The International Monetary Fund (IMF) has projected that Ghana's debt-to-GDP ratio will climb to 83% by the end of 2024, as detailed in its October 2024 fiscal monitor report during the ongoing IMF annual meetings in Washington, D.C. Currently, Ghana's debt stock exceeds GHS 760 million, equating to approximately 75% of GDP.Despite this increase, the IMF forecasts a steady decline in the debt-to-GDP ratio over the next five years, predicting it will drop to 69.7% by 2029. This optimistic outlook is based on anticipated improvements in Ghana's fiscal indicators.In addition to the debt projections, the IMF has maintained its economic growth forecast for Ghana at 3.1% for 2024, which aligns with the government’s end-year target. IMF Chief Economist Pierre-Olivier Gourinchas emphasized the importance of a “triple pivot” strategy—comprising easing monetary policy, rebuilding fiscal reserves, and implementing structural reforms—to ensure sustainable […]

Edem 4Style October 25, 2024

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OTI

Mahama to Kick Off Oti Region Campaign Tour for 2024 Elections.

John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), is set to embark on a two-day campaign tour of the Oti Region starting on October 17, 2024. During this tour, Mahama aims to engage with voters in all nine constituencies, including key areas like Guan, Jasikan, Nkwanta South, and Krachi West.The campaign will focus on smaller, community-centered events to build personal connections with the electorate. Mahama plans to reaffirm his commitment to completing stalled projects, enhancing economic growth, and addressing farmers' needs with service centers and better access to farming tools.Accompanied by national executives and MPs, Mahama will highlight key manifesto points such as fixing the economy and promoting women’s development banks and agro-processing factories. The tour is expected to stir excitement among voters in the Oti Region as the 2024 election approaches.

Edem 4Style October 12, 2024

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CENTRAL

Cape Coast’s Urgent Need for a Mall.

Cape Coast, a city rich in history and culture, is in growing need of a modern shopping mall to meet the demands of its residents and tourists. As one of Ghana’s key urban centers, Cape Coast has witnessed a surge in economic activity and population growth, yet lacks a central, accessible hub for shopping, entertainment, and social activities. A mall would not only enhance the convenience for local shoppers but also attract tourists, create jobs, and boost the local economy. The development of a mall in Cape Coast is not just a luxury but a vital step towards modernizing the city and catering to its growing population's needs.

Edem 4Style October 10, 2024

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WESTERN

New Sanitary-Ware Factory in Takoradi Creates 600 Jobs and Boosts Local Economy.

Jintao Sanitary-Ware Ghana Limited has officially opened a cutting-edge production facility in Takoradi, significantly enhancing the local economy. This Chinese-owned company, part of the Hwani Group, specializes in sanitary ware products such as washbasins, bathroom cabinets, urinals, and more, with an impressive capacity to produce one million units annually. The factory, which is set to expand its output to two million units for export, is expected to create 600 jobs, with 90% of the workforce sourced from the Western Region. Approximately 70% of its production will be directed towards export markets, while the remaining 30% will serve the local demand. The government's initiative aims to tackle the housing deficit by providing affordable building materials, reducing reliance on costly imports that contribute to inflation. Jintao’s investment is poised to make high-quality sanitary products more accessible to real estate developers and home […]

Edem 4Style October 9, 2024

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