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Vice President Flags Export Struggles Facing African Small Businesses

Vice President Prof. Naana Jane Opoku-Agyemang has expressed concern over the low participation of African SMEs in export trade, noting that fewer than 20 per cent engage in cross-border business. She said financial, regulatory and structural barriers continue to limit the involvement of women and young people, slowing regional trade, industrial growth and job creation across the continent.

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$120 billion spent annually to hydrocarbon imports in Africa.

Africa’s reliance on imported petroleum products is draining resources needed for local capacity building and industrial growth, Nigeria’s Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has said, stressing that retaining energy value within the continent could be economically transformative

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GUTA Urges Bank of Ghana to Fast-Track Single-Digit Interest Rates

GUTA has urged the Bank of Ghana to fast-track measures to bring commercial lending rates to single digits, following the recent policy rate cut to 15.5 percent. The move, the association says, would lower borrowing costs, expand credit access for traders and SMEs, and support business growth amid improving economic conditions.

AfCFTA, African Commodities, African Markets, African Stocks, Economy, Focus on Africa, General News, Global Economics, Global Markets, Lifestyle, Local News, Trade

FDA Cautions Against Purchasing Foods from Vendors Near Open Gutters

The FDA has urged the public to stop buying food sold in unhygienic locations, warning that the practice puts public health at risk. Deputy CEO Roderick Daddey-Adjei said consumers have a key role in driving change, as vendors will be forced to improve hygiene if people refuse to buy unsafe food.

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