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    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

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

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

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    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Encourage China to support Ghana’s debt restructuring – Akufo-Addo to Germany

    Government to securitize $3.3bn in Central Bank loans

    Ghana withdraws $672m back-tax demand from MTN Group

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    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%

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    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    $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

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    Ghana withdraws $672m back-tax demand from MTN Group

    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

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

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    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 extends investor search for Northern Star Tomato company

bycitibusinessnews
December 16, 2015
in Business, Local Economy, Top Stories
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Government has extended its search for an investor for the Northern Star Tomato company.

[contextly_sidebar id=”TbAukFtTS8ay8cWtUkYNkzCwEWYnh16q”]The new date for the search avenue to close, will now be 28th January, 2016.

Government which fully owns the company has asserted its intention to sell 70 percent of the company as part of moves to revamp its operations.

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Minister of Trade and Industry, Dr. Ekow Spio-Garbrah this year announced government intends to revamp the company through a public private partnership (PPP) with preferred Ghanaian investors to boost the economic prospects of the factory and create jobs for the people.

The company which is located in the Upper East region was established in 1962 to process tomatoes into paste and to package same into cans for sale locally and for export.

However since 1998 production has been brief and intermittent and the company’s facilities, equipment and machinery significantly underutilized despite being retooled and restructured in 2005.

Data from the Ministry of Trade indicates that for the year 2000, Ghana imported about 10 million kilograms of tomato paste at about $8.9 million.

This rose to about 12 million kilograms at $9.6 million in 2001.

The year 2002 saw the importation of 16.4 million kilograms at a total cost of $12.7 million.

The European Union is reported to have exported 27,000 tonnes of preserved tomatoes to Ghana in 2003.

–

By:  Vivian Kai Lokko/citifmonline.com/Ghana

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