BUSINESS

      Ghana Cocoa Board (COCOBOD) on Tuesday unveiled the $600-million cocoa syndicated loan facility to revamp the West African country’s cocoa sector. The COCOBOD loan was pooled by a consortium of development finance institutions namely the African Development Bank (AfDB), Japan International Cooperation Agency (JICA) and the Development …

    A number of big shots of the governing New Patriotic Party (NPP) who fell after the primaries on Saturday, June 20 when the party went to the polls, are licking their wounds. A notable Member of Parliament whose defeat came as a shock among the rank and file …

    Dr Ernest Addison, Governor of the Bank of Ghana, has told the Public Accounts Committee (PAC) that the central bank was not consulted by Vodafone Cash, a subsidiary of Vodafone Ghana before releasing the financial details of some its clients to government to aid in the COVID-19 tracing. He said …

      The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has told the Public Accounts Committee (PAC) of Parliament that the central bank does not hide information about proceeds accrued from the exportation of minerals including bauxite. The Chair of PAC, Mr James Klutse Avedzi, raised …

      Juventus forward Cristiano Ronaldo overtook Rui Costa to become the leading Portuguese scorer in Serie A history on Monday. Ronaldo slotted the first-half penalty down the middle in Juve’s 2-0 win over Bologna, a result that saw the Bianconeri move four points clear at the top of the table. The goal …

      The Ghana Cocoa Board (COCOBOD), has received US$200 million loan facility from a consortium of banks for the take-off of the Productivity Enhancement Programmes (PEPs). The facility is the first tranche of a US$600 million credit from the banks signed in 2017 to enhance both cultivation of …

    China’s President Xi Jinping has said his nation will exempt some African countries from repaying zero-interest-rate loans due at the end of 2020. This follows calls by Finance Minister, Ken Ofori-Atta on April 6 2020 urging for a debt relief package from China to ease the economic burden on Africa …

    Deputy Governor of the Bank of Ghana, Elsie Awadzie, has disclosed that over GH¢3 billion has been advanced to businesses by commercial banks following the lifting of coronavirus restrictions. Speaking at a webinar organised by the University of Ghana Business School (UGBS), the Deputy Governor of the central bank …

  The newly deployed Integrated Customs Management System (ICUMS) has generated some GH¢490 million in its first 17 days of operation. This compares favorably with the average monthly revenue collections of about GH¢942 million monthly from January to May this year from the country’s entry points when the old system …

  Two staff of Absa Bank Ghana Limited have contracted COVID-19. In a memo, the Managing Director of absa Bank, Abena Osei-Poku, said the affected staff members have been isolated for treatment. “If you feel unwell, kindly contact functional head, who will ensure you have received the required support immediately”, …