BUSINESS

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 …

General Manager of waste management giant, Zoomlion Ghana Limited, Mrs. Florence Larbi, has stressed the need to examine plans to implement a waste management system, which would integrate waste collection and treatment methods, environmental benefits as well as social acceptability in a practicable and sustainable manner. According to Mrs Larbi, the proposed …

Ghana Cocoa Board on Friday signed a 1.3 billion dollar loan agreement with international banks to fund the purchases for the 2019/20 cocoa season, due to start in early October. The loan agreement was signed in Paris, France, with 24 banks, including Societe Generale, Netbank, Naxitis, MUFG bank and Ghana …