Author: Bobbie Osei
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Cash flow is important for IPPs – Cenpower Board Chair to Gov’t
Board Chairman of Cenpower Generation Company Limited, operators of the Kpone Independent Power Plant, says as government works around the clock to beat down the cost of power from Independent power producers (IPPs) the cash flow of companies also needs to be prioritized. In the past three weeks, government has agreed new power purchase agreements…
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GIADEC inaugurates committees in 4 bauxite mining communities to ensure smooth operations
As part of efforts to ensure community buy-in and support for the activities of the Ghana Integrated Aluminium Development Corporation (GIADEC) in its operational areas, the governing Board and Management of GIADEC has set up and inaugurated 4 separate 19-member committees for the various communities where bauxite mining and refining will be taking place. They…
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We’re ready to receive GNPC Gas and save Gov’t money – Cenpower
The Board Chairman of Cenpower Generation Company Limited, operators of the Kpone Independent Power Plant, has assured of his outfit’s readiness to receive and use gas from the Ghana National Petroleum Corporation (GNPC) as part of a new agreement with government, which is expected to lead to savings of about $ 3 billion dollars over…
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Delisting on GSE: Companies urged to strengthen corporate governance systems
The increasing number of companies delisting from the Ghana Stock Exchange (GSE) has been attributed to the failure of the companies to deliver dividends as well as share price appreciation. That’s according to the head of Research at Databank, Alex Boahen. Since 2017, about 8 companies have had their listing on the Ghana Stock Exchange…
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Volume and value of MoMo transactions will keep rising – Banking Consultant
A Banking consultant, Nana Otuo Acheampong, says the significant surge in the volume and value of mobile money transactions in the first 8 months of the year, should continue unabated in the last quarter of 2020. The volume and value of mobile money transactions from January to August of 2020, increased by 41 percent and…
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COCOBOD CEO questions Mahama’s demand for audit report on Cocoa roads
The Chief Executive Officer of the Ghana Cocoa Board Joseph Boahen Aidoo, has challenged former President John Dramani Mahama to respond to claims that he left behind cocoa road projects without any funding, instead of demanding for the audit report of cocoa roads. Speaking at Bopa as part of his tour of the Western North…
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Interest rate disparity limits capacity of local banks to take up cocoa syndicated loan – Banking Consultant
Banking Consultant, Nana Otuo Acheampong, has cast doubt on the ability of local banks to take over the annual syndicated loan arrangement for the purchasing of cocoa beans from farmers by COCOBOD. His comment follows recent calls by the Board Chairman of COCOBOD, Hackman Owusu-Agyemang, for local banks to build their capacity play a critical…
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COCOBOD must monitor to ensure cocoa farmers enjoy new producer price – GCCP
The Ghana Civil-Society Cocoa Platform (GCCP), has charged COCOBOD to strengthen its surveillance at various depots and cocoa-sheds to ensure cocoa farmers enjoy the new farm gate price for cocoa without being cheated. Over the years, some cocoa purchasing clerks have been accused of cheating farmers by illegally adjusting weighing scales to the disadvantage of…
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Limited access to capital for Ghanaian traders deepening rift with Nigerian retailers – Awuah-Darko
Spokesperson on Trade, Industry and State Enterprises for the opposition National Democratic Congress (NDC), Kwame Awuah-Darko, has blamed the continuous dispute between Ghanaian traders and their Nigerian counterparts on the lack of access to funds for the Ghanaian traders which make them uncompetitive. Some members of the Ghana Union of Traders Association, GUTA, have attributed…
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Bank of Ghana cautions against online trading of Ghana Cedi notes and coins
The Bank of Ghana has cautioned against the buying or selling of Ghana Cedi notes and coins currently in circulation as legal tender on online platforms. The Bank says it is the only institution with the right to issue and redeem Ghana Cedi notes and coins in Ghana, according to Article 183 (1) of the…