BUSINESS

Dry weather and protracted conflicts have been identified by the Food and Agriculture Organization (FAO) as the main cause of food insecurity in some 41 countries across the world. The FAO in a report released on Thursday 19TH September, 2019 said some 41 countries continue to be in need of …

It has emerged that monies paid by Ghana Consolidated Diamonds Ghana Limited (GCDGL), a subsidiary of the Jospong Group of Companies to acquire defunct Great Consolidated Diamonds (GCD) at Akwatia in the Eastern region is missing. Director-General of the State Interests and Governance Authority (SIGA), Stephen Asamoah Boateng, revealed this …

A Kumasi-based businessman has recounted how one Nana Fredua Agyemang of the Confiscated Assets Committee operating at the Tema Harbour duped him of GH¢ 20,000 right inside the Jubilee House, MyNewsGh.com reports. He says the said Fredua, who claimed to be one of the aides of the Executive Secretary to …

The government has abrogated the contract awarded to Great Consolidated Diamonds Ghana Limited (GCDGL) in 2011 to mine diamonds at Akwatia for breach of contract. The company failed to fulfil its core mandate of paying $17 million to the Divestiture Implementation Committee (DIC), as well as rehabilitating and refurbishing facilities …

Ghana, the world’s second largest cocoa producer, is expected to produce 850,000 tonnes of cocoa in 2019/20 season, at the lower end of average levels on account of the swollen shoot disease outbreak, COCOBOD has said. Ghana’s annual cocoa production is usually between 850,000 and 900,000 tonnes, though the country …

Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) has been ranked as the top global gold mining company on the Dow Jones Sustainability World Index (DJSI World) for its leading environmental, social and governance (ESG) performance. This represents the 12th consecutive year the company has been named to the list. Newmont was the first …

The inflation rate for August 2019 was 7.8 per cent, the Ghana Statistical Service (GSS) has announced. Acting Government Statistician, Professor Samuel Kobina Annim, said at a press conference on Wednesday, 18 September 2019 that the food and non-alcoholic beverages group recorded a year-on-year inflation rate of (8.2) per cent; …

The Ghana Anti-Corruption Coalition and 20 other Civil Society Groups have petitioned en-bloc the Finance Minister Ken Ofori-Atta, to provide further and better particulars on the over GH¢2bn purportedly saved through the curtailing of sole sourced and restrictive tendering contract. The request is in accordance with the provisions of Article …

A Member of the Finance Committee of Parliament Hon. Isaac Adongo has served notice of an impending legal action against the Bank of Ghana (BoG) over the regulator’s failure to comply with its statutory reporting requirements to parliament. According to the Bolgatanga Central Member of Parliament (MP), section 53 of …

The Ghana Cocoa Board (COCOBOD) has signed an agreement with the China General Technology (Group) Holding (Genertec) for the establishment of a cocoa processing factory in Ghana. The factory, which will be located at Sefwi-Wiawso in the Western Region will be operated by COCOBOD and Genertec through a Public Private …