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Tag Archives: Business

COCOBOD Denies $650m Cocoa Cash Diversion

The Ghana Cocoa Board (COCOBOD) has debunked claims by the Minority in Parliament that the Akufo-Addo administration has diverted a whopping $650 million of the $1.3 billion cocoa syndicated loan. The said amount is believed to be the first tranche of the syndicated loan for the 2018/2019 crop season. The …

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Lack Of Agric Personnel Hit Fanteakwa South Constituency

The Agric Extension officer of Fanteakwa South, Wellbeck Elorm has said that lack of Agric Personnel in the District is a big Challenge for them which is hindering the Activities of Farmers. Mr. Elorm made this revelation on Radio1fm 100.7 on Ghana Akuafo  show on Monday 26th November 2018, when …

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BoG sued Over Announcements To Close Down Some Savings & Loans Companies

A private citizen, Daniel Darko, has sued the Bank of Ghana after it announced that Savings and Loans companies that are in serious financial distress will be closed down. Mr Darko is contesting the legitimacy of the BoG’s announcement, praying the Human Right Division of an Accra High Court to …

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Grounds Are Prepared For The 34th Farmers’ Day Celebration – PRO

The 34th edition of the National Farmers’ Day Celebration this year would be celebrated in a grand Star which would span through week at the Aliu Mahama Sport stadium in the Northern region, Tamale, Starting from 29th November to 7th December 2018, the PRO of  Ministry of Food and Agriculture, …

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Don’t Blame Ghana Gas for Recent Power Outages – Ghana Gas PRO

Communications Director of the Ghana Gas Company Limited, Ernest Owusu Bempah, says his outfit has no hand in the country’s current power challenges. His comment follows a statement by the Ghana Grid Company Limited (GRIDCo) which attributed recent power outages experienced mostly in the capital to a drop in the …

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E/R: Okyenhene, Samira Bawumia To Grace Blue Skies’ School Farm competition’s 5th Annual Awards

The Paramount Chief of Akyem Abuakwa Traditional Area, Osagyefuo Amoatia Ofori Panin II together with the second Lady of our land, Hajia Mrs Samira Bawumia among other dignitaries are expected to grace an all important  Blue Skies school farm competition Awards in Koforidua, the Eastern Regional Capital on the 30th …

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Port Reforms et al Draw Investors

More investors are choosing to do business in Ghana as opposed to other regional rivals Nigeria, Cote d’Ivoire and Senegal, as the country implements various reforms at its seaports, construction permits acquisition, and business registration processes. Last year, the Ghana Investment Promotion Centre (GIPC) recorded US$4.91 billion in foreign direct …

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Ghanaians Urged To Embrace Credit Unions for Financial Liberty

Following the collapse of local Banks in the country as a result of liquidity challenges among other things, Ghanaians have been urged to consider joining credit unions in order to liberate themselves financially. In an interview with a section of journalists at the 50th anniversary celebration of the Ghana Cooperative …

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Ghana Commodity Exchange to Begin Operations Tomorrow

Government on Monday announced that the Ghana Commodity Exchange (GCX) would start full operations on Tuesday, November 6, to link buyers and sellers of some selected commodities. The GCX is an online regulated market that links buyers and sellers of commodities to trade by rules and to ensure quality and …

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BoG to Take Action On Financial Institutions That Cannot Pay Depositors Funds

The Bank of Ghana says closing down seven banks though painful was the best option to help clean up the mess which was witnessed within the banking sector and will soon close down microfinance institutions and savings and loans companies that cannot payback returns to customers. According to the Central Bank, …

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