BUSINESS

Ivory Coast and Ghana are cancelling all cocoa sustainability schemes that U.S.-based Hershey runs in their countries, accusing the chocolate maker of trying to avoid paying a cocoa premium aimed at combating farmer poverty. In a letter addressed to Hershey and seen by Reuters, the Ivorian and Ghanaian cocoa regulators …

Kristalina Georgieva, the International Monetary Fund (IMF) Managing Director, has said in her opening remarks during a forum on ‘New Policy Frameworks for a Lower-for-Longer World’ last week that while new frameworks and tools may speed economic recovery, additional monetary stimulus may pose important risks to financial stability. She said …

The ground has been broken at Jasikan in the Oti Region for the construction of an agro-vocational factory and a skills training centre to empower womenfolk for self-reliance. It is an initiative of the Oti Region Queenmothers’ Association with financial support from the Rawlingses. Mrs. Nana Konadu Agyeman Rawlings, a former …

Following a fire outbreak on Saturday November 28, 2020, the GCB Bank Limited has announced shut down of its Kantamanto branch, in the Liberty House Building complex, Accra Central. According to the management, “For safety precautions, the Bank has accordingly closed down the Liberty Branch to allow for thorough assessment. …

Premier League clubs are being directed to observe a minute of silence to honour football legend Diego Armando Maradona who passed on Wednesday, November 25, 2020. This is a directive from world football governing body, FIFA. Diego Maradona, who has died aged 60, succumbed to heart failure. Regarded as one …

Three workers hired to help with the funeral and burial of Diego Maradona have been condemned for taking photos next to his open coffin. A funeral parlour took on the three to help prepare the coffin of the football icon, who died on Wednesday aged 60. In two pictures, the …

An American businessman and Managing Director of Alafei Foods Company Limited, Claude D Convisser, has alleged that between eight to ten government officials are demanding bribes from him. According to him, many businesses in Ghana do not survive for a long term because they spend huge sums of money to …

Dr. Kobby Mensah, a lecturer at the University of Ghana Business School (UGBS), has contested assertions by Vice President Dr Mahamudu Bawumia that Ghana is the first country in Africa to adopt the Universal QR CODE payment system. At the launch of the new payment system on November 20, 2020, …

The governing New Patriotic Party (NPP) has been touting its achievements in four years at a forum held in Accra. Addressing the public during the Nation Building Updates held at the Cedi Conference Centre of the Department of Economics, University of Ghana, on Thursday, Vice President Dr Mahamudu Bawumia said …

Japan Motors Trading Company Ltd. (JMTC) is to begin assembling Nissan vehicles in Ghana by the first half of 2021. This is a result of an assembling agreement between Nissan and Japan Motors, which was announced at a ceremony in Accra in line with Ghana’s automotive development agenda. According to …