Author: Anita Arthur Kissi-Mireku
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BOST to take delivery of pipelines from US after 12-year delay
After a twelve-year delay, Ghana through the Bulk Oil Storage and Transportation Company Limited (BOST) will take delivery of some pipelines from the United States of America. The equipment cost the country a total of $63 million dollars, but an additional $8 million has already been used to repair some of the yet-to-be shipped pipelines…
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COCOBOD achieves new record, targets 1.06 million tons to end 2020/2021 season
The Chief Executive Officer of the Ghana Cocoa Board, Joseph Boahen Aidoo, says he is optimistic the country will produce more than one million metric tonnes of cocoa for the 2020/2021 crop season. As of August 19, 2021, COCOBOD, has already exceeded the years’ target of 900,000 metric tonnes. With about five more weeks for…
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![Onion traders at Adjen Kotoku hopeful of boom in sales in December [Video]](https://citibusinessnews.com/wp-content/uploads/2021/08/Onions.jpg)
Onion traders at Adjen Kotoku hopeful of boom in sales in December [Video]
The vegetable crop onion is the third-largest vegetable crop in Ghana, after tomatoes and chilli pepper. Onion is produced predominantly under rain-fed conditions, which accounts for 75 percent of the annual crop. It also has tremendous market potential in Ghana. It is consumed widely across all households, while the country’s expanding hospitality industry also offers…
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Food prices likely to drop by end of August – Esoko Ghana
After several weeks of increases in food prices on the market, consumers should expect some stability and price reductions by the end of this month, August 2021. This prediction was made by commodity analyst, Esoko Ghana. The consistent increases in food prices over the past weeks have left many households and businesses worried. In an…
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BoG intensifies preparations ahead of use of digital currency
The Bank of Ghana says it will by September 2021 begin the pilot phase for the first digital currency known as the ‘e-Cedi’ in the country. Also known as the Central Bank Digital Currency, it is expected to operate in a sandbox in the interim before its introduction to the general public as legal tender…
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BoG partners Giesecke+Devrient to pilot digital currency in Ghana
The Bank of Ghana has join forces with Giesecke+Devrient (G+D) to pilot a general-purpose Central Bank Digital Currency (retail CBDC) in Ghana. G+D is providing the technology and developing the solution adapted to Ghana’s requirements, which will be tested in a trial phase with banks, payment service providers, merchants, consumers and other relevant stakeholders. To…
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Poultry industry risks collapse due to shortage of maize – GAFA
The Greater Accra Poultry Farmers Association (GAFA), fears Ghana’s poultry industry risks collapse if the government fails to swiftly deal with recent challenges of feed for poultry. This comes as poultry farmers across the country currently are faced with scarcity and high cost of maize and other ingredients needed for the industry. Speaking to Citi…
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COCOBOD to invest in irrigation facilities to increase yield
Ghana’s cocoa sector is set to benefit from irrigation facilities that will help increase yield. This according to the COCOBOD CEO, Joseph Boahen Aidoo, will ensure year-round production and harvest of the cash crop. Even though the country has not paid enough attention to irrigation over the years, the country has still recorded high yields,…
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GUTA intensifies efforts to insure businesses against fire outbreaks
The Ghana Union of Traders Associations (GUTA) is working to ensure effective collaboration between Metropolitan, Municipal and District Assemblies (MMDAs) and the National Insurance Commission (NIC) regarding the compulsory fire insurance policy for commercial buildings. This comes on the back of a number of fires that recorded in some markets across the country leading to…
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Farmers call for improved services from Ghana Commodity Exchange
The existing price gap between the open market and that of Ghana’s Commodity Exchange platform is one of the many challenges hampering the smooth operations of the later’s platform. According to stakeholders like the Peasant Farmers Association of Ghana, such teething challenges must be addressed before the scaling up of the platform. The farmers believe…