Nigeria targets 3 million barrels per day oil output by 2030 with $50 billion investment push

Nigeria is aiming to raise its crude oil production capacity to 3 million barrels per day (bpd) by 2030, backed by up to $50 billion in planned offshore investments and a renewed push to accelerate major oil and gas projects, government officials said. Africa’s largest oil producer is seeking to reverse years of declining output caused by...

Ghana signs $10 million deal to build organic fertilizer plant and cut import dependence

Ghana has signed an agreement with an agricultural technology company to build a $10 million organic fertilizer production plant, as the country seeks to reduce its reliance on imported chemical fertilizers and promote more sustainable farming practices.

The agreement, signed between Ghana’s Ministry of Food and Agriculture and Oma...

Ghana: AfDB supports rice sector to reduce reliance on imports

The African Development Bank (AfDB) is strengthening its support for Ghana’s rice sector through funding aimed at improving the competitiveness of the industry and reducing the country’s reliance on imports.

Through its support for rice value chain development in West Africa, the AfDB seeks to increase farmers’ producti...

Ghana proposes five-year presidential term as constitutional reform moves forward

Ghana’s government has backed a proposal to extend the presidential mandate from four to five years, following recommendations from the country’s Constitutional Review Commission, as part of a broader effort to reform the political system.

The commission argued that the current four-year presidential term leaves governments w...

U.S. imposes 12.5% tariffs on selected African imports, with strategic exemptions

The United States has introduced new tariffs of up to 12.5% on certain imports from seven African countries as part of President Donald Trump’s new trade policy, while granting exemptions for a range of strategic products.

The measures are part of Washington’s broader effort to reshape trade relations and protect domestic ind...

Ghana advances energy reform plan with $4.4 billion investment pipeline under Mission 300

Ghana is making progress in implementing its National Energy Compact, with 13 of the 16 priority reforms currently on track as the country seeks to strengthen its power sector and accelerate energy access under the Mission 300 initiative backed by the African Development Bank and the World Bank.

The West African nation has developed a $4...

BIDC approves $91.63 million financing for Bauchi road infrastructure projects in Nigeria

The ECOWAS Bank for Investment and Development (BIDC) has signed a $91.63 million financing agreement with Nigeria’s Bauchi State to support the modernization of road infrastructure and the completion of 24 strategic road and bridge projects.

The agreement, signed in Lomé, is aimed at improving transportation networks across...

Ghana's cocoa production expected to fall at least 16% in 2026-27

Ghana, the world's second-largest cocoa producer, expects its cocoa output to decline by at least 16% during the 2026-27 season, raising concerns over global cocoa supplies.

According to the Ghana Cocoa Board (COCOBOD), the projected decline is driven by adverse weather conditions, crop diseases, and aging cocoa plantations, all of which...

Ghana turns to gold purchases to strengthen reserves and support cedi stability

The Ghanaian government has allocated 5 billion cedis (approximately $429 million) in its revised 2026 budget to finance gold purchases through the Ghana Gold Board (GoldBod), as part of efforts to boost foreign exchange reserves and support the stability of the national currency, the cedi.

The initiative aims to expand the state’s...

Ghana completes $3 billion IMF programme with final $371 million disbursement

The International Monetary Fund (IMF) has approved a final disbursement of $371 million to Ghana, bringing the country’s $3 billion support programme launched in May 2023 to a close, while approving a new 36-month Policy Coordination Instrument to support the government’s next phase of economic reforms.

The final payment mark...

🇨🇮 AmCham-CI at the Heart of the Akwaba Africa Diaspora Festival (2ADF-3): Building Bridges for Investment and Trade

Abidjan, July 15, 2026 — Published on Jul 27, 2026

Ghana and Morocco deepen strategic partnership with 11 cooperation agreements

Ghana and Morocco have signed 11 cooperation agreements aimed at expanding economic ties and strengthening collaboration across key sectors, including aviation, customs, education, mining, energy and scientific research.

The agreements mark a new step in the strategic partnership between the two countries, as both governments seek to inc...