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Drop in cocoa prices will not affect Ghana–COCOBOD

Management of Ghana Cocoa Board has assured that it will implement effective measures to ensure that its revenue from the sale of cocoa is not affected by the recent drop in cocoa prices on the international market. According to the Head of Public Affairs at COCOBOD, Noah Amenyah, stated that …

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Inflation for May increases marginally to 9.8%

Inflation for the month of May has increased marginally to 9.8 percent. This represents a 0.2 percent rise when compared to the 9.6 percent recorded in April this year. The figure represents the second lowest inflation rate recorded since 2013. The Consumer Price Inflation, measures the average change over time, …

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Oil refiners in Africa push for uniform pricing

The African Refiners Association (ARA) has initiated steps to ensure a uniform pricing of fuel products in the West African region. According to the Association, the increasing smuggling of fuel products with low standards is the cause of disparities in prices across the region. Ghana lost some 200 million dollars …

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Ofori-Atta woos Japanese investors

Finance Minister, Ken Ofori-Atta has told Japanese businesses that the current stable macro and political environment is an opportune time for them to launch into the West African region using Ghana as the hub. “We are now combining politically stable environment with fiscal consolidation and macro stability and we would …

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BREAKING NEWS: BoG takes over Unibank

The Bank of Ghana has announced it has taken over the management of private bank, Unibank. The Governor of the central bank explained at a press conference, the takeover is due to challenges facing the bank. He mentioned weak supervisory standards and weak operations as the cause of the challenges. Ernest Addison …

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Ghana Must Review Investment Laws – German Minister

The German Minister for Economic Affairs and Energy, Brigitte Zypries, has called for a re-look at some aspects of Ghana’s investment laws as the country gears up for economic and industrial transformation. Delivering one of two keynote addresses at the Konrad-Adenauer-Stiftung Foundation’s German-Ghana Business Forum in Berlin Germany, the Minister …

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Land Service Delivery Automation Crucial For Dev’t – Bawumia

Vice President Dr Mahamudu Bawumia has called for the speedy automation of the activities of the Lands Commission, to make land title service delivery more efficient. Speaking at the Land Administration Forum in Accra on Wednesday February 28, 2018, the Vice President called on the private sector to partner government …

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FPSOs act as buffer for marine protection – Fisheries Director

Western Regional Director of Fisheries Commission, Mr Alex Sabah, has said the Floating, Production, Storage and Offloading (FPSOs) Vessels on the high seas are beneficial in the conservation of aquatic lives. “We do know that Ghana is yet to develop or demarcate areas on our water bodies as marine protected …

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