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BUSINESS

Banking sector assets grow to GHC 152bn

Total banking sector assets as at end-February, 2021 increased by 18.5 per cent year-on-year to GH¢152.0 billion, marginally higher than the annual growth of 17.8 per cent as at end-February 2020. The higher growth in total assets reflected similar stronger growth in domestic and foreign assets of 19.1 per cent …

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Takoradi Market Circle shuts down from Monday; police, military to ‘check’ traders

Sekondi-Takoradi mayor Abdul Issah Mumin has announced that the Takoradi Market Circle will be closed down to all forms of trading activities from Monday, May 3. The Sekondi-Takoradi Metropolitan Chief Executive explains that the directive is to enable the assembly to hand over the market to the contractor for redevelopment …

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Striking Kumasi Airport security officials back to work

Workers of G7 Security System, who are providing security at the Kumasi Airport, have resumed work after they earlier laid down their tools to protest the non-payment of their 3-month salary arrears. The decision to return to duty was arrived at after an emergency meeting with the management of the …

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Increase in prices of eggs: Poultry farmer blames high cost of feed

  The Greater Accra Poultry Farmers Association (GHAPFA) has attributed the recent increase in egg prices to the high-cost feed used by the poultry farmers. The president for the association, Mr. Michael Nyarko-Ampem stated that the raw materials used in preparing the feed has surged by over 100 percent. “There …

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Let’s process cocoa into finished products for AfCFTA — MD, PBC

Players in the cocoa production and processing value-chain in the country have called for immediate and rigorous measures to be placed to ensure improvement of the commodity into more semi-finished and finished products. This, they said would enable not only large scale companies but more importantly, small-scale and artisanal companies …

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Suspend cocoa credit – Cocoa Clerks Association to members

  The National Association of Ghana Cocoa Marketing Clerks has charged purchasing clerks to suspend the purchase of cocoa on credit from farmers until companies owing them are able to settle their indebtedness to them. That, it said, is to prevent the situation whereby clerks would purchase the produce on …

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Bawumia teases Arsenal fans after painful Tottenham defeat

Vice President Dr Bawumia showed his other side on Sunday evening after posting a rare sporting message on his official Twitter handle. Moments after his beloved Tottenham Hotspurs lost the English League Cup final to Manchester City by a lone goal, Vice President Bawumia expressed his disappointment, and then aimed …

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Complete abandoned slaughterhouse project – Koforidua meat sellers

  Meat sellers in Koforidua in the New Juaben South Municipality of Eastern Region have called on city authorities to facilitate the completion of the municipal slaughterhouse which has been abandoned for some time. An abattoir and meat selling unit with the capacity of about 1000 was started in September …

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China’s cocoa export plans ‘can mean good news for us’ – Ofori-Atta upbeat

News earlier this week of China having started exploration of growing cocoa for export had lots of tongues waging over the potential impact that the edevlopment could have on major producers like Ghana and cocoa. Notably, the Agric Minister, Hon. Afriyie Akoto, commented on the development earlier this week stressing …

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GRA to prosecute Tax defaulters to achieve Ghc60bn target

The Ghana Revenue Authority, GRA, will begin prosecution of tax offenders this year as part of the broader strategy to engender tax compliance and maximize revenue collection. GRA launched its prosecution Policy in 2019. The Authority went ahead to table request before the Chief Justice to set up a dedicated …

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