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    Deadline for debt exchange program moved to February 7 with new terms

    Government finally makes progress on Debt Exchange Program

    Policy Rate increased by 100 basis points; now at 28%

    Africa loses $88bn annually through illicit financial flows – Akufo-Addo

    AMA to roll out digital revenue collection system in March 2023

    We will not layoff Vodafone staff – Telecel

    Petrol to sell for GHS15 in February – IES

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

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    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

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Govt urged to focus on cocoa sector in IMF negotiations

bycitibusinessnews
September 3, 2014
in Banking And Finance, Business, Top Stories
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An Economic analyst is making a strong case for the Ghanaian team for the IMF negotiation to request for a programme that is geared towards developing the country’s cocoa industry.

The team from IMF is expected in the country by end of this week to begin negotiationsfor a bailout programme for Ghana.

Economic  analyst Dr Daniel Seddoh speaking to Citi Business News argues there is enough evidence to prove that Cocoa still holds a key to getting the country back to its winning ways and hence should be the focus area in the negotiation.

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“We need help but we do not need help for consumption. We need help in productive areas. Those things that when we do will generate a lot more activity. And so our priority as a people is to look for help in the cocoa sector, because it is one commodity that we have invested time and energy over the years and that is one thing that when we export, the proceeds come back into this country and goes back into the hinterland to everybody in the value chain to get some benefit unlike gold which we do not own. We own cocoa’.

he adds that ‘the first thing that we should be asking for is how they will help us ensure our productivity level is stepped up in the cocoa industry, then we can generate the volumes. We know prices have dropped, when prices drop, what we need to do is to step-up production and makeup for the price lost in volumes. So if we can get the cocoa sector sorted out properly, we should be making a headway.

It is also one item that could significantly work positively on our foreign exchange’.

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