By Florence Afriyie Mensah

Kumasi, June 28, GNA – The Amenfiman Rural Bank PLC, has hinted that it would prioritize expanding support in micro, small and medium enterprises (MSME) and agribusiness by increasing financing to clients in these sectors. 

This will be done through targeted interventions that enhance food security, job creation and economic empowerment of women and the youth. 

Professor Lucas Nana Wiredu Damoah, Board Chairman of the Bank, noted that the drive to support these sectors was informed by the catalytic roles they play in Ghana’s development. 

He was speaking at the 41st Annual General Meeting (AGM) of shareholders. 

The bank will also prioritise investment in renewable energy in line with its sustainability goals to implement an additional 100 kW/year renewable energy capacity to reduce their carbon footprint and enhance the environment, social and governance profile. 

In the area of information technology and financial technology (Fintech) partnerships, the Bank is actively exploring practical ways to boost the mobile and agency banking capabilities, thus extending banking services to the unbanked and contributing meaningfully to national financial inclusion efforts. 

Prof Damoah mentioned that the Bank plans to expand its branch networks. 

To this end, it would pursue regulatory authorization to open additional branches in Wasa Japa, Takoradi and Kumasi to add to the current 18 branches and four moblization centers to deepen outreach and accessibility. 

Accounting for the Bank’s profitability over the period, the Board Chairman disclosed that the net operating profit before tax increased by an impressive 271 percent, soaring from GH₵24 million in 2023 to GH₵89 million in 2024. 

Additionally, return on equity rose to 48.28 percent in 2024, up from 23.02 percent the previous year.  

This growth was also reflected in other indicators such as the return on assets, return on capital employed, and earnings per share. 

The Bank recorded a net profit after tax of GH₵55.3 million for the year under review, a significant improvement from GH₵16.8 million in the previous year.  

Prof Damoah mentioned that the Bank’s profit margin experienced a strong and encouraging increase, driven by its strategic focus on cost management and a deliberate shift toward active portfolio management and diversification of investment and loan products. 

GNA 

Edited by Yussif Ibrahim/Kenneth Odeng Adade 

Ghana’s engagement with the international community is crucial for our economic development and cultural exchange, and there is no doubt that ambassadors play an important role in fostering smooth diplomatic relations.

Her Excellency Ambassador Doris Adzo Denyo Brese is one of such diplomatic forces championing Ghana’s interests on the global stage.

Ambassador Brese has emerged as a key personality in this regard, actively championing Ghana’s interests on the global stage. With over 28 years of experience, Ambassador Doris has built a reputation as a top career diplomat.

Currently, the Ambassador of the Republic of Ghana to the Czech Republic, Madam Brese, has ensured the deepening of ties between the two countries.

She also has concurrent accreditation to other countries: Hungary, Slovakia, Romania, North Macedonia and Poland, where she provides consular services to Ghanaian citizens residing in these countries.

Having served in Ghana Missions ’in Ottawa, Belgrade and The Hague, among others, over the years, Ambassador Brese’s influence and impact continues to grow in the international diplomatic landscape.

She has, over the years, built strong relationships with key stakeholders and has advocated for Ghana’s interests abroad.

For instance, Ambassador Brese recently facilitated a historic visit of Czech President Petr Pavel, the first time in over six decades that a Czech head of state has visited a West African nation.

Before that she was instrumental in the visit of the Czech Prime Minister Petr Fiala in 2023, which was the first visit by a Czech Prime Minister to Ghana ever in history.

A remarkable feat was achieved during her tenure, further echoing the crucial role Ambassador Brese has played in strengthening bilateral ties in areas of economic partnership, trade, and investment.

According to Ambassador Brese, deepening cultural ties between nations not only fosters goodwill but also creates an environment of trust—an essential ingredient for expanding trade and investment.

When people understand each other’s values, customs, and ways of doing business, it breaks down barriers, reduces miscommunication, and opens doors to new markets.

Ambassador Brese’s dedication and leadership offer a powerful example for young people aspiring to careers in diplomacy and public service.

Her unwavering commitment to prioritising Ghana’s interests, promoting equitable international partnerships, and advancing national development demonstrates the impact that principled, strategic diplomacy can have.

By championing Ghana on the global stage with integrity and vision, she inspires the next generation to pursue excellence, serve with purpose, and believe in their ability to shape a stronger, more respected Ghana.

Executive Chairman of JL Holdings, Dr James Orleans‑Lindsay

Executive Chairman of JL Holdings, Dr James Orleans‑Lindsay, has recounted a devastating experience that cost him $1.3 million in a fraudulent land deal a decade ago.

In an interview with Bola Ray on GHOne TV, Dr Orleans‑Lindsay shared how he was lured into what appeared to be a prime real estate acquisition in Accra in 2014.

Despite conducting extensive due diligence, including working with a reputable agent and verifying land titles, the seasoned businessman later discovered that the land he thought he had purchased belonged to someone else entirely.

“I did everything. I went through an agent, a realtor, a solid guy. The guy was a known person and all that. Not knowing the scammer had cloned the land title,” he said.

“When I did a search on the land title, it all came out as if everything was correct. He [the scammer] had done passports in the names of his brothers, his siblings, and all that. He had driving licenses and double IDs for every person. It was well crafted. I never suspected a thing. I only found out when I went onto the land,” he recounted.

He added, “I was so shocked that this thing would happen to me.”

Rather than shifting the financial burden to his company, Dr Orleans‑Lindsay chose to personally bear the cost and has since been repaying the amount through monthly deductions from his own salary.

“Up to today, I’m still paying because I didn’t want to pay from my company’s funds,” he explained.

Ironically, Dr Orleans‑Lindsay is regarded as an authority on Accra’s land history, which made his experience even more sobering.

“I pride myself among the people who would be called if you wanted five or ten people to talk about the history of land in Accra. So I fell on a sword that I shouldn’t have,” he admitted.

Though the emotional and financial toll has been significant, he believes sharing his story can serve as a valuable cautionary tale.

“Every time I tell people; when it’s too good to be true, then it’s not true,” he said.

Watch the video below:

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Jun – 28 – 2025 , 12:28

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Accra, June 28, GNA – World Vision Ghana (WVG) has held a training workshop for Christian faith leaders in Accra to sensitise them about its Empowered World View (EWV) model. 

The EWV programme aims to empower church leaders to lead in environmental reform and preservation as well as improving the economic wellbeing of its members. 

Pastors, church elders, and women’s ministry leaders attended the three-day training programme in Accra, where they learnt about the many forms of EWV and how they may benefit society.   

Speaking at the training programme, Mr Benjamin Sarbah, the Faith and Development Manager at WVG, underlined the vital role faith leaders play in changing societal behaviours. 

“As part of our role as the Faith and Development Unit at WVG, we ensure that we partner with churches so that they respond and pay special attention to the social needs of their members. 

“So through this EWV programme, we look to shift and enhance the world view of pastors so that they can transform the hearts and minds of their members while equipping them with skills for their own economic empowerment,” he said. 

Mr Sarbah added that the implementation of the EVW programme would sensitise the populace as to how they can benefit from the environment while preserving and conserving nature. 

Pastor Bogobiri Seidu Abdul Latif, a participant at the workshop, said the event was very fruitful, as it has sensitised them on how to make their members better and to economically empower them. 

“When we go back to our communities, we have to ensure that we become change makers with what we have learnt. Every community has its unique resources, and it is on us to identify them and utilise them to make the community better. 

“One thing I learnt is that it is not only the gospel that can help the community but also teaching them the modern techniques and best practices for them to succeed in whatever they may be doing,” he said.   

He further stated that the church could not do it alone, as they would need the help of all relevant environmental agencies to make this sensitisation drive on EWV, a success. 

GNA 

Kenneth Odeng Adade 

US President, Donald Trump

US President Donald Trump has said he is cutting off trade talks with Canada “immediately” as the country looks to start enforcing a tax policy targeting big tech companies.

The latest move, which he announced on social media, comes as the neighbouring nations had been working to agree a trade deal by mid-July.

Both countries have imposed tariffs on each other’s goods after Trump sparked a trade war earlier this year and threatened to annex Canada using “economic force”.

On Friday, the US president said he was ending talks due to what he called an “egregious tax” on tech companies and added he would announce new tariffs on goods crossing the border within the next week.

“We are hereby terminating ALL discussions on Trade with Canada, effective immediately,” he wrote on social media.

“We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period.”

In brief comments to reporters, Prime Minister Mark Carney suggested that talks would continue.

“We will continue to conduct these complex negotiations in the best interest of Canadians,” he said.

Canada’s 3% digital services tax has been a sticking point in its relationship with the US since the law was enacted last year. The first payments are due on Monday.

Business groups estimate it will cost American companies, such as Amazon, Apple and Google, more than $2bn a year.

Canadian officials had said they expected to address the issue as part of trade talks with the US.

There were hopes that the relatively warm relationship that newly-elected Carney has forged with Trump might help those negotiations.

The president’s latest move casts doubt on a future deal, though Trump has often used social media threats to try to gain leverage in talks or speed up negotiations he sees as stalling.

Last month, for example, he threatened to ramp up tariffs on goods arriving to US shores from the European Union, only to climb down a few days later.

Candace Laing, chief executive of the Canadian Chamber of Commerce which has been critical of the digital services tax, said that “last-minute surprises should be expected” as the deadline for a deal approaches.

“The tone and tenor of talks has improved in recent months, and we hope to see progress continue,” she added.

During Trump’s first term, the White House fought hard as many countries began considering taxes on digital services.

But Inu Malak, fellow for trade policy at the Council on Foreign Relations, noted that the issue was left unresolved in the trade deal the US and the UK reached earlier this year, suggesting some flexibility.

She said Trump’s threat seemed like a move to ramp up pressure out of his typical negotiating “playbook – but was also a sign the president had refocused on Canada, which could open the way for a deal.

“It does provide a bit of an opening – maybe not the one that Prime Minister Carney wanted … but it does provide some space for them to hasten those talks,” she said.

The US is Canada’s top trade partner, buying more than $400bn in goods last year under a longstanding free trade agreement.

But Trump hit that trade with a new 25% tariff earlier this year, citing concerns about drug trafficking at the border.

New US tariffs on cars, steel and aluminium have also scrambled relations. Car parts, for example, cross US, Mexican and Canadian borders multiple times before a vehicle is completely assembled and such import taxes threaten supply chains.

Trump later carved out exemptions for some goods in the face of widespread alarm from businesses in both the US and Canada, which has hit back with tariffs of its own on some US products.

Shares in the US fell on Friday after Trump said he was cutting off talks, but later bounced back with the S&P 500 closing at a record high.

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The Director of Communications for the New Patriotic Party (NPP), Richard Ahiagbah, has accused the National Democratic Congress (NDC) of attempting to undermine Ghana’s judiciary in an unprecedented and dangerous manner.

Commenting on the ongoing removal proceedings against suspended Chief Justice Gertrude Torkornoo, Ahiagbah warned that the NDC, if successful, would go down in history as the most oppressive regime toward the judiciary in Ghana’s democratic era.

“This Chief Justice matter—the NDC will go down in history as the most judicially oppressive regime, one that took our judiciary over, subjugated it, if they conclude this process and therefore appoint a CJ to replace Madam Gertrude Torkornoo,” Ahiagbah stated during an appearance on Channel One TV’s The Big Issue on Saturday, June 28.

He continued, “It is unheard of that a president would go as far as they are seeking to go in the absence of very compelling, clear-cut evidence of misconduct, or incapacity to perform or execute the task of the office of the CJ.”

Meanwhile, Minister of State in charge of Government Communications, Felix Kwakye Ofosu, has strongly dismissed any suggestion that the impeachment process is politically motivated.

Responding shortly after Justice Torkornoo’s public statement on Wednesday, June 25, he insisted that the proceedings are grounded firmly in law and guided by constitutional provisions—not political expediency.

“It does not matter how sensitive your position is; once Ghanaian law dictates that certain processes must be taken in respect of alleged misconduct, the rules must come into play. That is the only guiding principle President Mahama has operated by in all of this,” he explained.

“Any claim, reference, or imputation of a political motive to the President in respect of these processes is unfounded, false, and cannot be allowed to stand,” Kwakye Ofosu added.

Read also

No political motive behind CJ removal process – Kwakye Ofosu

Dr Cassiel Ato Forson, Minister of Finance

Ghana is preparing to re-enter the domestic bond market for the first time since its 2022 debt default, according to a Bloomberg report.

The move by the government aims to capitalise on falling borrowing costs and signs of economic stabilisation to restructure its debt profile.

According to Bloomberg, short-term interest rates in Ghana have dropped to their lowest levels in three years, signalling improved investor confidence and more favourable financial conditions.

Government sources familiar with the plan told Bloomberg that Ghana aims to raise GH¢3 billion (approximately $291 million) through the issuance of medium-term bonds between September and December 2025.

The primary objective of the move is to replace expensive short-term treasury bills with more affordable, longer-term debt instruments.

The official, who requested anonymity due to the sensitivity of the discussions, indicated that full details of the issuance strategy will be disclosed in the upcoming mid-year budget review next month.

Ghana’s anticipated return to the domestic debt market follows its historic default in 2022, which was triggered by unsustainable borrowing levels under the previous administration.

The debt crisis effectively locked the country out of both local and international credit markets.

However, since taking office in January 2025, President John Dramani Mahama, has championed Ghana’s economic recovery plan on a platform of fiscal responsibility which has significantly curtailed government borrowing.

According to Bloomberg, this policy shift has contributed to a steady decline in inflation and falling interest rates on short-term domestic debt, creating a more conducive environment for longer-term borrowing.

Meanwhile, the government’s planned bond issuance is expected to mark a cautious but strategic step toward rebuilding its credibility with investors and restoring access to local capital markets.

In 2023, the International Monetary Fund extended a $3 billion financial bailout package to Ghana which is set to expire in 2026.

According to an IMF spokesperson, the program was structured with the expectation that Ghana would gradually regain access to the domestic debt market, with plans to begin issuing longer-term bonds starting in 2025.

“To date, macroeconomic and financial developments have aligned with these expectations. With progress in stabilising the economy and bolstering confidence, this will facilitate a gradual extension of government securities’ maturity profile over time,” the IMF spokesperson is quoted to have said by Bloomberg.

MA

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Sam George hopes to reduce DStv subscription fees with his engagement with operators

The Minister of Communication, Digitalisation, and Innovation, Samuel Nartey George, has announced that he has begun discussions with the managers of Digital Satellite Television (DStv), owned by MultiChoice, regarding their subscription pricing.

He indicated that he met with the Country Manager and Board Chair of MultiChoice Ghana to address issues related to their operations and the way forward.

The Ningo-Prampram Member of Parliament (MP) disclosed that he has instructed them to return with the Chief Executive Officer (CEO) of MultiChoice Africa to continue the discussions.

“This afternoon, I invited the Country Manager and Board Chair of MultiChoice Ghana, operators of DStv. After my initial engagement, I have directed them to come back next Thursday, July 3, 2025, with the Group CEO of MultiChoice Africa,” he wrote on X on June 27, 2025.

Sam George explained that the meeting is aimed at ensuring that the company’s pricing structure aligns with Ghana’s regulatory standards.

He promised to keep the public updated on the engagements and expressed hope for a positive outcome that would ease the financial burden on Ghanaian subscribers.

“The meeting aims to ensure that MultiChoice Ghana aligns its pricing strategy with Ghana’s economic realities, complies with regulatory requirements, and takes immediate steps to curb revenue loss. The public will be apprised of the outcome of the meeting next week,” he noted.

This development follows growing criticism from some Ghanaian DStv subscribers over high subscription fees, especially amid the current economic challenges.

Read the tweet below:

This afternoon, I invited the Country Manager and Board Chair of MultiChoice Ghana, operators of DSTV.

After my initial engagement, I have directed them to come back next week Thursday, July 3, 2025 with the Group CEO of MultiChoice Africa.

The meeting is aimed at ensuring that… pic.twitter.com/6dLBcLjDWg

— Sam ‘Dzata’ George 🦁🇬🇭 (@samgeorgegh) June 27, 2025

GhanaWeb Special: The gold market that fuels galamsey

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The Mayor of Accra, Michael Kpakpo Allotey, and his family will this weekend commemorate the first anniversary of the passing of his beloved mother, Madam Patience Commodore, who died in 2024.

Born in 1953, Madam Patience Commodore was widely admired for her warmth, generosity, and unwavering dedication to her family and community. Her family has described her as truly irreplaceable.

According to an official invitation extended to friends, sympathisers, dignitaries, and well-wishers, the commemoration will take place under the theme “No One Can Replace You”. A memorial service and unveiling of her tombstone will be held on Saturday, 28th June 2025. at the Osu Cemetery, followed by a private family gathering.

The remembrance will continue on Sunday, 29th June 2025, with an all-white Thanksgiving service at Solid Rock Chapel International, held in honour of Madam Commodore’s life and legacy. This will be followed by an all-white reception at the Mayor’s residence at Ridge.

In a heartfelt tribute, Mayor Allotey described his late mother as a pillar of strength, a symbol of humility, a devout woman of faith, and a constant source of encouragement in both his personal and professional life. He added that her prayers and sacrifices laid the foundation for all the successes he and his siblings enjoy today.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Suspended Chief Justice Gertrude Araba Torkornoo

The Minority in Parliament is urging President John Dramani Mahama and Attorney General Dr Dominic Ayine to publicly respond to serious allegations made by suspended Chief Justice Gertrude Araba Torkornoo regarding her ongoing impeachment proceedings.

Addressing the Press in Parliament on Friday, June 27, 2025, MP for Asokwa, Nana Agyei Baffour Awuah, criticised the silence from the Presidency and Attorney General 48 hours after the Chief Justice’s public statement.

He called for an immediate response to address her claims.

“We are of the view that, irrespective of what we think of her, there is a presumption of innocence until she is proven guilty. In that sense, it is very important that all her rights to protect her innocence are called at her.”

The Asokwa MP also raised concerns about procedural irregularities, particularly the lack of transparency around the prima facie determination by the President and the Council of State, a critical step in initiating impeachment proceedings.

“She makes a very fundamental point which underpins the principles of innocence. The point is that, according to her, as of now, she does not have notice of the prima facie determination by the President and the Council of State. And that for us is a very worrying situation,” he explained.

Baffour Awuah stressed that without this determination, the legal basis for the impeachment process is questionable.

“For you to appreciate the significance of the prima facie determination, it is important to note that without the prima facie determination, this whole hearing would not have been constituted. In other words, in the absence of the prima facie determination, there wouldn’t have been the need for the President and the Council of State, consistent with the Constitution, to put together a hearing for the case of the Chief Justice,” he added.

This comes after Justice Torkornoo, who is facing removal under Article 146 of the 1992 Constitution, at a press conference on Wednesday, June 25, described the process as unconstitutional, flawed, and politically motivated.

She also insisted that resigning would wrongly suggest an admission of guilt and empower political actors seeking to manipulate the situation.

In a move that has sparked national debate, Justice Torkornoo raised concerns about the choice of venue for the proceedings, Adu Lodge, located along Castle Drive in Osu.

She described the venue as symbolically troubling, citing its connection to the 1981 abduction and murder of three High Court judges and a military officer, one of whom was her uncle and former guardian.

She suggested the location was chosen deliberately to intimidate her and undermine her defence.

While government spokesperson Felix Kwakye Ofosu has dismissed the Chief Justice’s remarks as “most regrettable,” members of the Minority are demanding a more formal and detailed response from the President and the Attorney General.

However, the Minority insists that to uphold the integrity of Ghana’s justice system and ensure due process, the President and Attorney General must break their silence and address the concerns raised by the suspended Chief Justice.

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The Ghana-Russia Centre for Commerce and Relations marked a significant milestone during its participation in the St. Petersburg International Economic Forum (SPIEF) 2025, engaging in high-level discussions aimed at strengthening bilateral cooperation.

Led by Chief Executive Officer John Aggrey, the Centre’s delegation focused on advancing trade relations, investment opportunities, and cultural exchanges to deepen ties between Ghana and the Russian Federation.

Held in the historic city of St. Petersburg, SPIEF 2025 attracted more than 24,200 participants, including delegates from 144 countries and thousands of business leaders.

This year’s forum served not only as a platform for shaping global economic strategy but also as a hub for fostering new international partnerships. The Ghana-Russia Centre seized this opportunity to initiate direct engagement with key figures from the Republic of Komi, where the delegation was warmly received by Deputy Governor Sergey Yemelyanov at the Komi Region Stand.

In the meeting, Deputy Governor Yemelyanov welcomed the Ghanaian delegation and outlined the investment potential of the Komi Republic. “Our region is endowed with natural resources and offers a favourable business climate for foreign investors,” he noted.

He highlighted Komi’s key industries, including oil refining, timber, natural gas, and electric power, and emphasised the region’s strategic location and resources as attractive assets for international collaboration.

Responding with enthusiasm, John Aggrey expressed appreciation for the reception and the Komi Republic’s openness to cooperation. “We are eager to explore opportunities that can generate mutual benefits for both our nations and business communities,” he remarked.

Mr Aggrey emphasised the potential for economic growth, technology transfer, and cultural exchange that could arise from a strengthened partnership between Ghana and the Komi Republic. “The discussions at SPIEF have opened new pathways for collaboration that could significantly impact our economies and societies,” he added.

The Centre also participated in strategic meetings focused on educational and research partnerships. A key engagement was held with Professor Natalia Demchenko, Dean of the Oil and Gas Faculty at Ukhta State Technical University.

Discussions centred on potential academic exchange programmes that would allow Ghanaian students to study in Russia. “Bridging the gap between Ghanaian students and Russian universities is essential for long-term cooperation and the transfer of knowledge,” Professor Demchenko stated.

These initiatives could enable Ghanaian students to access advanced education in energy and natural resource management.

Nelson Kumaga, who played a pivotal role in the bilateral meetings, also shared his experiences of living and studying in Komi.

The SPIEF 2025 forum provided a backdrop for over 8,700 representatives across sectors to engage in dialogue on global economic challenges and emerging opportunities. With participation from 3,600 Russian companies and more than 560 foreign enterprises, the event offered fertile ground for networking and forging new business alliances across various industries.

As Mr Aggrey aptly concluded, the outcomes of SPIEF 2025 have exceeded expectations, laying a solid foundation for future prospects between Ghana, the Republic of Komi, and broader international partners.

“Our participation has reaffirmed our belief in the power of collaboration for mutual development and is aligned with the overall theme of the Forum: ‘Shared Values: The Foundation of Growth in a Multipolar World’,” he said, encapsulating the spirit of the event and the Ghana-Russia Centre’s aspirations.

With this groundwork laid, Ghana and the Republic of Komi appear poised for a flourishing and mutually beneficial partnership in the years ahead.

The Komi Republic is a republic of Russia situated in the northeast of European Russia.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Nigerian industrialist, Aliko Dangote

Nigerian billionaire Aliko Dangote has declared that Africa will become fully self-sufficient in fertiliser production within the next 40 months, due to the aggressive expansion plans of his $2.5 billion fertiliser plant near Lagos.

Speaking at the annual Afreximbank meeting in Abuja on Friday June 27, 2025, Dangote expressed confidence in his company’s ability to transform the continent’s agricultural landscape and significantly reduce reliance on imported fertilisers.

“In the next 40 months, Africa will not import fertiliser from anywhere. We have a very aggressive trajectory right now. We want Dangote to be the highest producer of urea, bigger and higher than Qatar, give me 40 months,” he is quoted to have said by Reuters.

Currently, Africa imports over six million metric tons of fertiliser annually, which has become a heavy burden on national economies, particularly Nigeria, where foreign exchange pressures persist due to a weak local currency.

However, Aliko Dangote believes expanding domestic production will be a game-changer for the continent’s food security and economic resilience.

The Dangote Fertiliser plant, which is already Africa’s largest granulated urea complex, has an annual production capacity of three million tons, with around 37% exported to the United States.

To achieve his bold ambition, the Nigerian industrialist will need to double this output in the wake of global market uncertainties.

He has previously stated he is “not worried” about the potential impact of tariffs under the Trump administration, focusing instead on scaling production and deepening Africa’s control over its agricultural inputs.

He also announced that his fertiliser plant will be listed on the Nigerian stock market later this year, signalling confidence in the plant’s long-term growth and contribution to the continent’s agricultural independence.

Meanwhile, analysts agree that the fertiliser market holds strong growth potential but caution that Aliko Dangote’s expansion will face infrastructure challenges.

Seth Goldstein, a senior equity analyst at Morningstar Research, noted that “any new fertiliser plant or expansion project faces cost overrun risks to the producer.”

Mikolah Judson, an analyst at Control Risk, also pointed to persistent logistics issues.

“Transport infrastructure and port capacity remain critical. Bottlenecks routinely delay various import and export projects in Nigeria,” he said.

MA

GhanaWeb Special: The gold market that fuels galamsey

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