Bussiness
South African company announces $3.2b agreement with Ghana for Western railway line
A South African company, Thelo DB Consortium has announced it will on July 25, 2022 sign an agreement for the Western Railway Line Project with the Ghana government worth $3.2 billion.
Ghana’s railway sector has a story, a long story with no obvious ending in sight. From its glorious days before Ghana became independent to this day, it’s a bitter-sweet story.
According to the Ministry of Railways Development, the country’s Western Railway line is a total of 339km from the Takoradi Harbour to Kumasi but only 66km is operational.
This agreement won’t be the only one to be signed by successive governments in recent times, including one for a sky train.
In a statement issued by the company, it says it will be signing a framework agreement for the transformational Western Railway Line Project with the government during the Ministerial Programme hosted by the African Continental Free Trade Area Agreement Secretariat in Accra.
Ronnie Ntuli, Chairman of Thelo DB, was quoted as saying: “The Western Railway Line Project will transform Ghana’s existing railway infrastructure base into a modern, robust and integrated railway system, with the associated infrastructure to position Ghana’s rail network as a leading transport system in Africa.”
According to the statement, the project includes planning (all project preparation-related activities, such as feasibility studies, demand analysis, preliminary and detailed design, and procurement consulting); implementation (systems engineering design, construction supervision, design review, audit systems engineering, testing and commissioning of rolling stock and infrastructure); and operations and maintenance management (early train operator, consulting services in terms of infrastructure operations, rolling stock operations, infrastructure and rolling stock maintenance)
Thelo DB is incorporated between Thelo Ventures, and Germany’s Deutsche Bahn Engineering & Consulting (DB). The Thelo DB consortium also includes Ghanaian partner Transtech Consult.
Source: www.ghanabusinessnews.com
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).
