BUSINESS

The Ghana Cocoa Board (COCOBOD) has signed a syndicated loan agreement of $1.3billion for the purchase of cocoa beans in the 2020/2021 crop season. The Chief Executive Officer (CEO) of COCOBOD, Mr Joseph Aidoo, explained that Ghana would receive the money when the agreement is signed, adding that cocoa farmers …

President Nana Addo Dankwa Akufo-Addo, on Monday, 28th September 2020, commissioned the Kasapreko Water, Juice and Soft Drinks Factory, a company operating under Government’s 1-District-1-Factory initiative. At a ceremony at the premises of the company at Kwadaso, in the Ashanti Region, President Akufo-Addo noted that the establishment of the factory is …

The policy rate will remain at 14.5 per cent, Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has revealed. Also, estimated growth in 2020 will be between 2 and 25 per cent. This follows a decision taken to that effect by the Monetary Policy Committee. Dr Addison made …

Secessionist group calling itself Western Togoland Restoration Front (WTRF) didn’t only intend to block roads or burn tyres. They also had plans of kidnapping and blowing up of dams. Government has been accused of failing to gather intelligence on the recent secessionist resurgence. However, Information Minister said it was due …

The accounts of all customers of defunct microfinance, savings and loans and finance houses have been fully credited with the cash value of their estimated bonds, Mr Daniel Wilson Addo, the Managing Director of Consolidated Bank Ghana (CBG) hs said. In a statement copied to the Ghana News Agency, Mr …

Conor McGregor will step back into the boxing ring against Manny Pacquiao after it was confirmed a deal is close to being finalised for the two to stage a fight in the Middle East next year. The UFC superstar posted a series of tweets on Friday night explaining his inactivity …

Government and CENIT Energy Limited (CEL), a Ghanaian independent power producer, have successfully secured terms for an amended Power Purchase Agreement (PPA). Per the agreement, CEL has decided to convert its power plant into a tolling structure and transfer all resulting cost savings to ECG. A statement issued by the …

Mr Ken Ofori- Atta, the Minister for Finance has appeared before the National House of Chiefs to brief members on the concept and benefits that Ghana would derive from the Agyapa Royalties deal. The move formed part of a broader stakeholder consultation being undertaken by the Ministry to explain the …

The Ministry of Trade and Industry has indicated that all products that are locally produced but do not have the Made-in-Ghana logo embossed on them will soon not qualify for export. The move, according to the Ministry, forms part of efforts to ensure that quality products are made in Ghana …

South Africa plans to begin a gradual and cautious resumption to opening its borders to international travel on October 1. President Cyril Ramaphosa warned, however, that travel may be limited to countries that do not have high infection and transmission rates. The list of permitted and prohibited countries has yet …