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BUSINESS

Weak cedi partly to blame for fuel price hike – IES

The rapid depreciation of the cedi against the major trading currencies especially the dollar is partly to blame for the recent increase in fuel prices in the country, Paa Kwasi Anamua Sakyi, Executive Director for the Institute of Energy Security (IES), has said. In a statement, he explained that the …

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Ghana moves to generate one gigawatt nuclear power by 2030

Ghana’s quest to become a beacon in nuclear power production is on course as the country has already made commitments to generate one gigawatt of nuclear power to add to its energy mix. The project is expected to commence in 2024 and be completed in 2030. Instructively, phase one of …

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MoFA Director encourages farmers to increase production

MoFA Mr Francis Ennor, the Upper East Regional Director of the Ministry of Food and Agriculture (MoFA) has advised farmers in the region to farm activities to increase production without fear of contracting the COVID-19. “Some of the farmers are expressing the fear that if they go to the farms they …

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COCOBOD struggles to pay cocoa agents after coronavirus hit exports

COCOBOD is having a hard time paying debt owed purchasing agents after the coronavirus pandemic slowed exports and sales, the Bloomberg reports. Purchasing agents typically secure beans from farmers and sell it to the regulator. Spokesperson for Ghana Cocoa Board Fiifi Boafo states that his outfit has recorded poor gains …

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BET 2020: Ghana out, 2 Nigerians nominated, check out full list

This year’s Black Entertainment Television (BET) Award will not have any artiste representing Ghana as the country failed to get on the nomination list. The organisers of the international award scheme released their nomination list yesterday, June 15 and no Ghanaian made it. Ghana’s eastern counterparts, Nigeria, however, got two …

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Our money will determine our votes in December – Menzgold customers

Customers of Menzgold have served notice their vote in December will be informed by government’s attitude towards their locked up funds with the CEO of the company Nana Appiah Mensah popularly known as NAM 1. According to the customers, government has not shown enough commitment in the efforts in retrieving their monies. …

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GRA beefs up Customs staff at ports to clear backlogs

  The Ghana Revenue Authority (GRA) has directed its Customs Division at the port to resume normal operations, as their shift system which was put in place due to measures to check the spread of COVID-19 has been cancelled. The move is part of urgent steps being taken by the GRA to …

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‘NAM1’s US$39m Dubai money has arrived, pay us now’ – Menzgold customers

  Members of the Aggrieved Customers of Menzgold say they have been informed that the $39 million the Chief Executive Officer of now defunct Menzgold, Nana Appiah Mensah (NAM1), has been expecting from Dubai to pay them their locked-up investments has arrived. According to the group if it is confirmed that the money has indeed …

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Arrest NAM1 – Angry Menzgold customers beg Akufo-Addo

Members of the Coalition of Aggrieved Customers of Menzgold have called on President Nana Addo Dankwa Akufo-Addo and the Office of the national security to order the immediate arrest of Nana Appiah Mensah`Q34 (NAM1), CEO of the now-defunct Menzgold Company Limited. The call comes after NAM1’s company, Zylofon Music signed a new …

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Equipment to boost farmers’ efficiency and productivity arrives

The Agricultural Engineering Services Directorate (AESD) of the Ministry of Food and Agriculture has taken delivery of new farm equipment to support the operations of the small, medium, and large-scale farmers to enhance efficiency and boost yields. The equipment includes custom-made and conditioned rice tractors and accessories. The Tractors, Cabrio …

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