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China-Africa Trade Information Service
The Hohoe Municipal office of the National Board for Small Scale Industries is calling for support towards the establishment of a factory to grow the garment industry in the area.
It is reported that the investment in transportation (roads, bridges and railways) in Africa is set for rapid growth from US$47.1 billion to US$69 billion in 2020. A total of 448 major transportation projects in Africa will reach $430.3 billion.
South Africa has been a major producer of gold in Africa for decades, but it has changed. Recent research shows that Ghana has now toppled South Africa to become the leading producer of the precious commodity on the continent.
Cycle Farms, a French-owned biotechnology company, recently established its first plant in Tema, Ghana (the second largest city in Ghana) to address the high cost of fish feed.
According to Fitch, one of the world's three major international rating agencies, in sub-Saharan Africa, Ghana's vehicle import tariffs are as low as 31%.
In IMF World Economic Outlook, the IMF talked about Ghana's economic growth rate of 8.8%, which is expected to become the fastest growing economy in the world in 2019. Last year, the country's economic growth rate was 5.6%, ranking sixth in Africa.
In order to attract more foreign direct investment, about 30 South African businessmen will travel to Ghana this week to find trade and investment opportunities.
According to data from the World Bank, Ghana's economic growth rate in 2017 is almost double that of 2016, and its growth strength continues into 2018.
A global cocoa surplus is expected in the 2018/19 season, Informa’s Agribusiness intelligence has said, with record production driven by favourable weather in West Africa.