Bussiness
Obuasi Enterprise and Skills Development Center to boost local economy inaugurated
An Enterprise and Skills Development Center, serving as a one-stop hub to provide solutions to local businesses and also support skills development and capacity building, has been inaugurated at Obuasi in the Ashanti Region.
The project, jointly executed by AngloGold Ashanti Ghana (AGAG), Obuasi Mine, and the AngloGold Ashanti Obuasi Community Trust Fund, aims to boost the local economy of the mining community.
It comes with varied facilities, including a multipurpose conference and training unit, business unit, fully-equipped industrial sewing, and bead-making units, a fully-equipped workshop, hand sanitizer production unit, and eight mini-meeting areas.
Dr Eric Asubonteng, Managing Director of the AGAG, Obuasi Mine, said the project was in line with the Enterprise Development Programme under the Social Management Plan of the company.
The Programme, according to him, had provided business solution support to about 600 businesses at Obuasi, covering women-owned businesses and artisans to enhance their productive capacity, efficiency, and ability to compete on the market.
He added that the Center also aimed at functioning as an anchor for the private sector development objective of the AngloGold Ashanti Obuasi Community Trust Fund.
Under the Trust Fund’s Skills Development Programme, 60 master craft persons have been trained in leather works, bead craft, and fashion design, amongst others.
“Undoubtedly, the Obuasi Enterprise and Skills Development Centre has the potential to boost the local economy by developing market ready training programmes that will improve the living conditions of our youth and enhance their self-reliance,” Dr. Asubonteng observed.
He was hopeful the Center would, to a large extent, improve both human and economic capital, and assist in the development and fast flow of business activities in the mining community and other host communities.
Mr Simon Osei-Mensah, the Regional Minister, lauded the mining company for resuscitating the local economy, saying, the Center added up to the many initiatives designed to equip the people with employable skills.
“Any economy whose strength is dependent on the private sector is bound to succeed,” he noted, citing how the likes of China, Japan, Germany, amongst others, had built resilient informal sectors to underpin sustainable growth.
Consequently, the people ought to avail themselves of the programmes offered at the Center to empower them for wealth creation, he advised.
Nana Oppong Boakye Yiadom, Board Member of the AngloGold Ashanti Obuasi Community Trust Fund, lauded the mining company for resourcing the Fund to meet its expectations.
He called on the people, especially the youth, to embrace employable skills training courses to open up opportunities for them to establish their own businesses.
The event had the presence of traditional authorities within the catchment area of the Obuasi Mine. -GNA
Bussiness
Global Market Volatility: Gov’t absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol
Effective Thursday, April 16, 2026, which is the next pricing window, the Government will absorb GH¢2.00 per litre on diesel and GH¢ 0.36 per litre on petrol.
This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses.
The measure, approved by Cabinet, is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana.
This temporary intervention will remain in force for a period of one (1) month.
During this period government will continue to closely monitor developments in the global oil market and assess the need for further policy adjustments.
A statement signed by Minister of Government Communications, Felix Ofosu Kwakye noted that they remain commited to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks.
Ghana’s gold and minerals sector is set for a major spotlight as Meetings. Co, in partnership with key industry stakeholders, announces the Mining & Minerals Convention 2025, scheduled from August 26-27, 2025, at the Kempinski Hotel Gold Coast City, Accra.
Held under the theme “Shaping the Future of Ghana’s Gold Industry,”‘ the Convention will convene government leaders, regulators, miners, refiners, investors, sustainability partners, innovators, and responsible mining, and global competitiveness,policy experts to explore strategies that position Ghana’s gold industry for long-term growth.
The two-day convention will feature presidential and ministerial keynote addresses, industry thought leadership, technical paper presentations, policy dialogues, fireside chats, exhibitions, and high-level networking sessions.
Convention delegates can anticipate a dynamic and insightful experience, marked by thought leadership from leading policymakers and regulators, in-depth discussions on key topics such as sustainability, ESG, digital gold, and responsible sourcing, as well as valuable opportunities to forge public-private partnerships and investment deals.
Moreover, the event will offer practical action points aimed at unlocking greater economic value for Ghana.
The 2025 edition will be supported by a strong coalition of strategic partners, including the Ministry of Lands and Natural Resources, the Minerals Commission, GoldBod, the Minerals Income and Investment Fund (MIIF), and the Ghana Extractive Industries Transparency Initiative (GHEITI).
