BUSINESS

EU, partners hosts second multi-stakeholder roundtable on Cocoa

The Delegation of the European Union to Ghana, Ministry of Lands and Natural Resources and the COCOBOD have hosted the second multi-stakeholder roundtable on sustainable Cocoa in Accra The environmental sustainability of cocoa production is at the heart of the second online roundtable discussion organised in the framework of the …

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Government working on Amazon operating in Ghana – Finance Minister

The Ghana Investment Promotion Centre (GIPC) is working assiduously to attract Amazon to Ghana, Finance Minister, Ken Ofori-Atta, has said. According to the Finance Minister, the move was to deepen the technological entrepreneurial ecosystem for Ghanaian entrepreneurs. Addressing the country on the measures being introduced by the government to prop up …

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President Wades Into Citi FM Impasse

President Akufo-Addo has waded into the impasse generated by an allegation that a journalist of Accra-based Citi FM was manhandled by National Security operatives. To this end, he has directed his Secretary, Nana Bediatuo Asante, to intervene following which the scribe has already ‘reached out to the affected journalists to …

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Susu operations go digital in Ghana

  The operations of Susu collectors in Ghana are increasingly becoming digitised following a partnership between the Ghana Co-operative Susu Collectors Association (GCSCA) and Savings at the Frontier. Operators of the financial scheme say with proper data build up and management, they can now easily access the information of clients …

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Interbank Board: Exchange rate for May 14

On the interbank board today May 14, 2021, the Ghana Cedi is trading against the dollar at a buying price of 5.7278 and a selling price of 5.7336 as compared to last Wednesday’s trading of a buying price of 5.7282 and selling price of 5.7340. It is trading against the …

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IMF lauds Ghana’s 2021 budget policies

The International Monetary Fund (IMF) has backed government’s recent policy towards fiscal consolidation as captured by the 2021 budget. Leader of IMF’s mission Carlo Sdralevich made these observations at the end of virtual meetings under Article IV between Wednesday, April 28 and Wednesday, May 12. “The 2021 budget’s recent policy …

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MoH releases timetable for 2nd COVID-19 vaccination

The Ministry of Health (MoH) has released the timetable for the second covid-19 vaccination exercise. The initial date for the second doses was April 27 but the new schedule for the second dose will be starting on May 19. Ghana received 350,000 doses of the AstraZeneca (AZN.L) coronavirus vaccine earlier …

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KATH surgeons protest unsafe theatre; call on gov’t to fix it

Surgeons at the Komfo Anokye Teaching Hospital (KATH) in Kumasi are protesting over the unsafe theatre used for surgeries. The Surgeons are also complaining about the lack of basic equipment at the Surgery department. They claim that several complaints lodged with the management have not been resolved adding that the …

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School for the Blind Students demand removal of Headmistress

Students of School for the Blind in Akropong in AkuapemUnited North Municipality in Eastern Region on Friday morning embarked on a demonstration for the removal of the Headmistress of the School. The students accused the headmistress Mahela Narh of mismanagement leading to the gradual collapse of the school and poor …

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Free SHS: Schools run out of food as gov’t funds delay

  Assisted Secondary Schools across the country have run out of food owing to failure by the Buffer Stock company to supply them non-perishable foods. The situation has been exacerbated by delays in the release of funds to the schools by government. The heads have been running the schools on …

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Is Yaya Toure Africa’s greatest ever midfielder?

  It’s not often that a transfer move causes such a transformative effect for a player as when Yaya Toure, who celebrates his 38th birthday on Thursday, swapping Barcelona for Manchester City in 2010. The Ivory Coast midfielder joined the nouveau riche Citizens just as they were aspiring to supplant …

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LPG marketers fear losing GH¢60 million investment

  A GH¢60million investment by the Liquefied Petroleum Gas Marketing Companies (LPGMCs) Association into building about 100 LPG retail outlets before the 2017 Atomic Junction accident in Accra is at risk of going down the drain. Government, after the incident which happened on October 27, placed a ban on new …

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COCOBOD unhappy about women share of cocoa profits

  The Ghana COCOBOD has expressed worry that women farmers in the country do not receive equal share of profits from cocoa income, despite their significant contributions towards the growth of the nation’s cocoa sector. Mrs Faustina Elikplim Aberor, the Bono, Bono East and Ahafo Regional Extension Officer, Cocoa Health …

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Nigerian delegation coming to Ghana unnecessary – GUTA

  The Ghana Union of Traders Association (GUTA) has described as needless the ministerial delegation directed by President Buhari to be sent to Ghana to resolve the trade impasse between Ghana-Nigeria traders. According to the President of the Association, Dr. Joseph Obeng, Ghana is only enforcing its trade laws and …

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Inflation returns to single digit of 8.5% in April 2021

Inflation returned to single digit as it remarkably fell to 8.5% in April 2021, from the 10.5% recorded in March 2021, figures from the Ghana Statistical Service have revealed. It is the first single digit rate recorded in the year, following the ravaging effects of covid-19 on the economy. This …

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Meat imports collapsing business of local traders

  The Ashaiman Main Market Butchers Association has decried the importation of meat products into Ghana, arguing that the situation is crippling their business activities. They fear losing their business for the reason that about 80% of their customers preferred cheap imported meat to fresh ones on the local market. …

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Ibrahim Mahama commended by Alan Kyerematen over Dzata Cement

  Trade and Industry Minister, Alan Kyerematen, has commended Ibrahim Mahama, Founder of Dzata Cement Limited, for investing heavily in the cement industry. The over US$100 million investment is located on a 10-acre land near the Tema Port. Mr Kyerematen made the commendation when he paid a working visit to the plant …

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Cement price hike due to production cost – Manufacturers

    The Chamber of Cement Manufacturers Ghana has indicated that the high cost of cement is a result of the high cost of production, unfair trade practices, low utilisation of cement products, and unfair competition. The Chamber believes the pressure caused by the COVID-19 pandemic is also a major factor. Ghana …

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National Development Bank set take off in July – Finance Minister

  The National Development Bank (NDB) will begin its operations by end of July this year, the Finance Minister, Ken Ofori-Atta has said. The Bank, according to him, would provide long term wholesale financing to the private sector through Commercial banks. The Minister said this at a press briefing on Sunday to …

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