BUSINESS

Ghana’s parliament on Wednesday, 6 November 2019 approved the $600-million loan agreement for the Cocoa Productivity Enhancement Project. Several initiatives such as mass cocoa-spraying exercises, agronomic support and input subsidies are expected to be undertaken under the project. The loan is sourced from AfDB. The House approved the loan through …

The Ghana National Petroleum Commission (GNPC) will continue to be afflicted with political interests and interference until non-partisan managers are appointed to lead it, the Chief Executive Officer of GASSOP Oil Kojo Poku has observed. According to him, GNPC will not be able to operate and function like other global …

Parliament is today expected to approve the US$600 million credit facility meant for the Cocobod cocoa sector stimulus programme despite concerns raised by the minority over certain aspects of the facility. The stimulus package which is being financed with a loan facility from the African Development Bank will, among other …

Parliament has deferred the approval of a 600 million dollar loan facility for the Ghana Cocoa Board’s (COCOBOD) cocoa productivity enhancement programme. This was after the Minority Leader, Haruna Iddrisu questioned the utilization of 68 million dollars for hand pollination, 5 million dollars as part of the school feeding programme …

Wife of the senior police officer who has been picked up over his alleged involvement in a coup plot has criticised her husband’s arrest and detention, calling it an act of intimidation. Patience Agordzor said it does not make sense that Dr Benjamin Agordzor is being held for over 24 hours …

The Ghana Chamber of Telecommunication has announced it has agreed with the government to stop the upfront deduction of the Communication Service Tax (CST) which has bedevilled mobile subscribers in the country. “The Ghana Chamber of Telecommunication wishes to inform mobile subscribers and the general public that, following fruitful discussions …

The Akuapim South District Assembly says it plans to declare the Aburi Mountain a green zone and strictly enforce regulations to protect the area. It said the move is to ensure that real estate developments in the area are not carried out haphazardly. This comes after indications that the many …

Rice importers would be ordered to cease their trade in three years if everything goes as planned, the Agric Minister has said. The same applies to persons who import poultry products. Dr. Owusu Afriyie-Akoto says the government is working fervently to “establish the local capacity” to meet demand. Speaking on …

Some persons associated with the Ghana Union of Traders Association (GUTA) have gone on rampage closing shops belonging to foreigners in commercial hubs in Kumasi in the Ashanti region. The closure that begun from Alarbar spread to Adhye and Kejetia Wednesday. The Ashanti Regional President of the Nigerian Association of …

The government of Ghana announced the termination of the Private Sector Participation (PSP), the concession, in the Electricity Company of Ghana (ECG) between the country and the Power Distribution Services (PDS). This decision was arrived at after over a month’s delay in government’s commitment to communicate its decision to the …