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We’ll resist any attempt to reduce public sector wages—TUC

Dr. Yaw Baah is Secretary General of the TUC

The Trades Union Congress (TUC) is warning that government must discard any idea of holding public sector wages stagnant even after the country exits the IMF programme by end of this year. In addition, the union has cautioned that it will not consent to any move to reduce public sector wages in 2019. The caution follows a statement made by ...

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Gov’t increases minimum wage by 10%

Ghana Cedi

Government has announced a 10 percent increase in the daily minimum wage for workers. As a result, the new minimum wage is pegged at 10 cedis 65 pesewas from 9 cedis 68 pesewas. The change will take effect on 1st January 2019. The decision was taken after a meeting held by the Tripartite Committee made up of   government, labour and ...

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Heavy rain damages cocoa flowers ahead of Ivory Coast main crop

cocoa farm

Heavy rain in Ivory Coast’s cocoa-growing regions has damaged flowers and small pods on trees, pod counters and farmers said, raising concern for the development of the upcoming main crop. Ivory Coast is the world’s top cocoa grower, and annual production reached a record 2 million tonnes last season. The country is now preparing for its 2018/19 season, which opens ...

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Anglogold Ashanti appoints new CEO

Kelvin Dushnisky

Anglogold Ashanti has appointed Kelvin Dushnisky as the CEO and Executive Director of the company. His appointment takes effect from September 1st 2018. He replaces Srinivasan Venkatakrishnan who will be exiting the company by the end of August. Mr.  Dushnisky joins Anglogold Ashanti from Barrick Gold Corporation where he serves as the President and Executive Director. A statement from Chairman ...

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Ghana records $1.1bn in Balance of Trade

Tema Port

Latest data from the Bank of Ghana dubbed the Summary of Economic and Financial Data indicates that Ghana earned 7.8 billion dollars from export as against 6.7 billion in import for June 2018, leaving a trade balance of 1.1 billion dollars. This means that by June this year (2018), the country has imported more goods than it has exported. According ...

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PPI for June increases to 7.7%

Mr. Baah Wadieh, ag Government Statistician

This is up by 0.6 percent compared to the 7.1 percent recorded in May. The PPI measures the average change over time in the prices received by domestic producers for the production of their goods and services. Speaking to Citi Business News, Government Statistician Mr. Baah Wadieh explained that the increase was as a result of the depreciation of the ...

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Private sector dominates banks’ NPLs – BoG report

bog microfinance

Ghana’s private sector still dominates with its share of non-performing loans in the banking sector. The latest banking sector report released by the Bank of Ghana shows that the private sector made up as much as 90 percent of all NPLs for the banking sector as at April this year. The Bank of Ghana says between April 2017 and the ...

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COCOBOD management strengthen ties with Adabraka Traditional Authority

WhatsApp Image 2018-07-25 at 3.16.05 PM

The Chief Executive of Ghana Cocoa Board (COCOBOD) Hon Joseph Boahen Aidoo has paid a courtesy call on the Chief of Adabraka, the traditional Landlords of the Head office building of COCOBOD. The visit afforded him the opportunity to introduce himself to the chiefs of Adabraka and also establish a cordial working relation between the Board, the chiefs and the ...

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