BUSINESS

Ghana has raised its farm gate price for cocoa by 21% after implementing a $400 per metric ton premium on futures prices for the 2020-21 harvest, according to two people familiar with the matter. Growers of cocoa beans in the world’s second-largest producer of the crop will receive 625 cedis …

Mo Salah scored a hat trick to secure a 4-3 victory for English Premier League champion Liverpool in a breathtaking opening day match with Marcelo Bielsa’s swashbuckling Leeds United side at Anfield on Saturday. The away side came from behind three times and looked set to be earning a precious …

An Accra High Court has stopped a planned commemorative gathering by customers of defunct gold trading firm Menzgold. The aggrieved customers had planned the convergence on Saturday to mark the passing of some 64 members who they say have suddenly passed away since the company was shut down by the government …

The Government of Ghana has received an advance payment of US$1.3 million out of a US$50 million agreement with the World Bank’s Forest C arbon Partnership Facility for results-based payments for reducing emissions from deforestation and forest degradation (known as REDD+). The provision of this advance payment was included in …

Daniel Titus-Glover, Member of Parliament for Tema East, has appealed to the Ghana Ports and Harbours Authority (GPHA) to reopen the fish market at the Tema Fishing harbour. The fish market was among a number of markets in Tema that were shut down as a measure to curb the spread …

Ghana and Côte d’Ivoire, the top world cocoa producers, through a joint initiative have convinced chocolate traders and makers to increase the price they pay for cocoa. These cocoa producing countries suspended the forward sales of cocoa beans which had a negative impact on global prices that, in less than …

Ghana lured investors to its power industry to end chronic electricity shortages with deals it can no longer afford. The deals’ terms require the government to pay for electricity generated even if there’s no demand for it. The move helped Ghana end its power crisis by 2016, boosting its generation …

A total of 74,000 validated customers of defunct DKM Microfinance have fully been paid by the receiver, with 13,857 outstanding. President Nana Addo Dankwa Akufo-Addo who announced this assured that all outstanding customers would be fully paid latest by the end of September this year. He said the outstanding amount due to …

The Second Quarter Business Condition Report by the Sekondi Takoradi Chamber of Commerce and Industry (STCCI) reveals that businesses seem to be in worst situations than previously. Speaking to Ghone Business News after the presentation of the Quarter 2 report in Takoradi, the deputy chief executive officer of STCCI, Benjamin …

The year-on-year inflation rate fell to 10.5 percent in August, a 0.9 percentage points lower than 11.4 percent recorded in July 2020. The monthly change rate for August 2020 is -0.4. “Total month-on-month inflation is negative because it is pulled down by negative Food inflation (-1.1 percent) and negative inflation …