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    Bank of Ghana widens its scope on cryptocurrency

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    Our cars to sell for cheaper soon- locally assembled automobile companies

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    Ghana’s inflation rate rises again; hits 31.7% in July 2022

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    Bank of Ghana widens its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

    WAPCo commits to cleaner and reliable energy

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    Bank of Ghana widens its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    Our cars to sell for cheaper soon- locally assembled automobile companies

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

    Ghana Mines Workers’ Union threatens industrial action

    Farmerline begins ‘Support a Farmer’ initiative to provide fertilizer to farmers

    Ghana likely to secure US$3 billion from IMF for economic support

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    Bank of Ghana widens its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

    WAPCo commits to cleaner and reliable energy

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

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Ban on logging, charcoal production: Give us alternative income source – Dealers to government

bycitibusinessnews
April 13, 2021
in Business, Local Economy, Top Stories
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There have been concerns over the effects of deforestation in the Savannah Ecological Zone.

As climate change intensifies in the area, experts say there will be dire consequences in the coming years, if the menace of logging and commercial production of charcoal is not halted.

To this end, the Savannah Regional Minister on behalf of the Regional Security Council announced a ban on the two activities. This ban will take effect in the coming days.

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But what will the effect be on livelihoods as thousands of people are engaged in the value chain of charcoal production in the region?

Residents of Soalepe, a community in the West Gonja municipality of the Savannah Region apart from farming, are largely engaged in the production of charcoal.

According to them, they cannot fathom the effects of the ban on them without alternatives.

“This is what we depend on. People here depend on it to pay the fees of their children. For the young ladies, if we don’t burn charcoal we can’t afford anything. I just returned from the bush and I will be going back. If I don’t do that work, I won’t eat, so if they want us to stop, then they have to find something else for us to do,” Soale Fadila, a charcoal producer lamented.

It’s not only producers who will be affected by the ban. Buyers and drivers of the products say the consequences on them will be unbearable.

“It will affect us very much. That’s what we do to eat. If they don’t burn the charcoal we can’t come and convey it to the market. So, it will affect us the drivers. There is no other job here for us to do apart from this,” Emmanuel Agyapong, a driver noted.

A regular buyer of charcoal, Mustapha Hamid, also lamented how the ban will affect his family.

“It will affect us a lot. We have wives and children, and we borrow money for this. If you don’t load the charcoal, the lender does not care if your money is locked up. All he wants is his money and if can’t pay, you will be jailed. So they should be patient with us and let’s dialogue so that we can continue engaging in the business. I didn’t go to school, so this is what I can also do to feed my family,” he noted.

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