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GRA destroys fake smuggled goods

The Ghana Revenue Authority (GRA) on Tuesday (November 21, 2017) destroyed expired goods worth over  50,000 dollars. The goods, which were smuggled into Ghana through the Eastern corridor, include cigarettes, alcoholic beverages, pharmaceuticals as well as Indian hemp. The Chief Revenue Officer of the Customs Division of the GRA, Emmanuel …

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Don’t Give Farms To Galamsey Operators – COCOBOD CEO

The CEO of Ghana Cocoa Board Joseph Boahen Aidoo has urged farmers to hold on to their farms instead of giving it to galamsey operators. He said money paid to farmers is just for a short period whereas cocoa gives a lifetime source of revenue to the farmers and their …

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ADB pledges GHȻ200m to One-District-One-Factory project

The Agricultural Development Bank (ADB) Limited has pledged GHȻ200 million to support the One-District-One-Factory (1D1F) initiative by the government, which seeks to industrialise the Ghanaian economy. “The 1D1F is a very good initiative by the government to transform our economy from a service based to a more industrial focused economy …

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No need to launch National Development Bank- Financial Observer

Some financial observers have advised government to reconsider the decision to launch a national development bank next year. According to them, the move will be a duplication since government already controls majority shares in some banks that have a focus on the intended reason for setting up the national development …

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Gov’t grants policy approval for establishment of national airline

Government has granted policy approval for the establishment of a national airline but the Aviation Ministry is exercising caution. According to the Ministry, sustainability and transparency are key in deciding on the national carrier. Deputy Aviation Minister, Kwabena Darko Mensah told JoyNews the government is mindful of the challenges that …

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Akufo-Addo Discusses Energy, Trade, Infrastructure With Qatar’s Emir

President  Akufo-Addo on Thursday, November 16, 2017, as part of his 3-day official visit to Qatar, paid a courtesy call on the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani. The discussions between the two leaders centered on energy, infrastructural development, railways and roads, and also on the need to …

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Ghana loses 318,514 tons of maize to post-harvest losses – Study

Ghana loses about 318,514 tonnes of maize annually to post-harvest losses according to a 2016 study by Dr Bruno Tran, an expert in post-harvest losses management with the Africa Post-Harvest Losses Information System (APHLIS). This figure represents 18 percent of the country’s annual maize production and Northern Region is the …

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#Ghbudget: Electricity tariffs to be reduced by 13%

The Finance Minister, Ken Ofori-Atta, has proposed an average reduction of 13 percent in electricity tariffs for residential consumers of electricity. Consumers in the non-residential category will also see a 13 percent drop in tariffs. The high electricity tariffs were a major part of the New Patriotic Party (NPP)’s campaign ahead of …

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#2018GHBudget: 445MW Added To Power Generation – Ofori-Atta

Finance Minister, Ken Ofori-Atta has indicated that government in 2017 added a total of 445MW of power to the country’s generation capacity, bringing the total installed capacity to 4,577MW. While presenting the 2018 budget on Wednesday, 15 November Mr. Ofori-Atta said: “In 2018, Government will increase the installed generation capacity …

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