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Business

Buy Local Chicken – Farmers

The Ashanti Regional Secretary of the Ghana National Association of Poultry Farmers, Amoako Nketia, has urged Ghanaians to patronise locally produced chicken for consumption. According to him, this will not only help poultry farmers to expand their businesses and employ more workers, but also contribute to the socioeconomic development of …

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Rlg ordered to cough up ¢6 million to gov’t over breach of contract

Rlg Ghana Limited has agreed to refund a total of 6 million cedis to the government after it failed to supply more than 12,000 laptops under the free laptop distribution programme in 2010. The money has been outstanding for more than two-years now. Environment, Science and Technology Minister, Prof Kwabena …

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Ivory Coast, Ghana maritime dispute: The story so far

In less than 24 hours, the International Tribunal for the Law of the Sea (ITLOS) will settle the disagreement between Ghana and Cote d’Ivoire over an area where Ghana is currently undertaking oil exploitation. The arbitration process started in late 2014 after Ghana dragged Cote d’Ivoire to the ITLOS, the …

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If Google buys HTC, it could finally have the firepower to destroy the iPhone

With Android, Google has already won the mobile war… at least, when it comes to software. Android is the world’s most popular mobile operating system and is installed on 64.76 percent of phones and tablets worldwide, twice the size of iOS, according to NetMarketShare. Google’s next mission is way more challenging, …

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Chicago makes $20m deposit in Nduom’s ISF Bank

The City of Chicago, Illinois, USA, has deposited $20 million into the operations of Illinois Federal Service Bank (ISF Bank), which has the Nduoms, led by Dr.& Mrs. Papa Kwesi Nduom as majority shareholders. Chicago City Treasurer, Kurt Summers announced the deposit at a press conference on September 18, 2017. …

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‘CEOs Can’t Earn More Than President – Finance Minister

Soon no CEO of any State-owned Enterprise (SOE) will earn more than the President, Finance Minister Ken Ofori-Atta has hinted, saying a rationalisation process will be undertaken to cut salaries and allowances of CEOs whose remuneration is above that of the President. Addressing a policy and governance forum on governance …

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Cedi Sinks Under Euro, Pound Weight

The local currency may have relatively held its own against the US dollar for the greater part of this year, but against the Euro and Great Britain’s pound sterling, the cedi’s performance so far has been very woeful – a situation that would bring misery rather than relief to importers. …

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18 SOEs Record GHC791 Million Losses – Bawumia

The Vice President, Dr Mahamudu Bawumia, has said 18 State-Owned Enterprises (SOEs) made combined losses of GH¢791 million last year, in addition to over GH¢13 million financial support and loans they contracted. He, therefore, tasked managers of SOEs to pay attention to commercial viability, fiscal impact and corporate governance issues …

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Government To Blacklist Loan Defaulting Farmers

Deputy Minister of Food and Agriculture, Dr Sagri Bambangi, has revealed that government would initiate punitive measures by blacklisting farmers who fail to repay credit advanced to them under the Planting for Food and Jobs Programme (PFFJP). The Deputy Minister issued a stern warning when the Ministry of Food and …

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Agric starved of oil funds

It has emerged that six years into petroleum production in Ghana, only 11 per cent of the accrued revenue has been allocated to the agricultural sector which is touted as the mainstay of the economy. Indeed, agricultural modernisation is part of the four priority areas selected for the use of …

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