Author: Bobbie Osei
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Tax Justice Coalition joins calls for scrapping of Agyapa Royalties deal
Calls for the suspension of the implementation of the controversial Agyapa Royalties deal have intensified as the Tax Justice Coalition has described the deal as a wrong precedent. Though the Finance Ministry seems to have addressed all related issues raised around the deal, civil society groups under the Alliance of CSOs working in Extractive, Anti-Corruption…
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Ex-staff of defunct MFIs and S&Ls to be paid after outstanding issues are resolved – Receiver
The Receiver of the 347 defunct Microfinance companies, 23 Savings and Loans and Finance Houses, Eric Nana Nipah says money to pay ex-staff is available, but payment can only be done when issues raised by the ex-staff and their representatives are resolved. He made the comments on Citi TV‘s Current Affairs program The Point of…
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Cedi’s stability backed by Ghana’s diverse export base, other factors – Economist
Economist with DataBank, Courage Kingsley Martey is confident the Ghana Cedi will remain stable when compared to its peers on the African continent for the rest of the year, even against the backdrop of the unfolding coronavirus pandemic. Out of some 15 key currencies on the continent evaluated by Databank, the Cedi remained relatively stable…
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COCOBOD bemoans hoarding of cocoa beans in anticipation of price increase
The Ghana Cocoa Board (COCOBOD) has described as troubling the hoarding of cocoa beans by some cocoa farmers in anticipation of an increase in the farmgate price. Currently, a 64-kilogram bag of cocoa in the 2019/2020 crop season is going for GHS515, while a ton is going for GHS8,240. But news of an upcoming 21…
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COCOBOD likely to announce 21% increase in farmgate price
The Ghana Cocoa Board is expected to announce a 21 percent increase in the farmgate price for the upcoming 2020/2021 crop season. Farmgate price is the price COCOBOD pays to farmers for their beans. If the price increase takes effect, Cocoa farmers will then be receiving GHS625 or $108 dollars per 64-kilogram bag, or GHS10,000…
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Registrar General to release payment plan for clients of 20 FMCs this week
The Registrar General, Jemimah Oware, says she will divulge the exact details of governments’ bailout package in virtual meetings with creditors who qualify as investors of the defunct 20 fund management companies under official liquidation, on the 15th and 16th of September. Customers of the 20 companies have been incessantly calling for details on the…
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Tullow Oil Plc commends resilience of Ghana’s operations despite difficult times
CEO of Tullow Oil Plc Rahul Dhir has cited governments’ effective handling of the COVID-19 pandemic as a contributory factor to the impressive performance of its Ghana operations. Despite recording a $1.3 billion dollar loss after tax for the first six months of 2020, Ghana saw the strongest performance in the entire group producing an…
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Inflation drops to 10.5%; lowest rate since April 2020
Ghana has recorded its lowest National year-on-year inflation rate since the country recorded its first Coronavirus case in March. The inflation rate for August which is 10.5 percent represents a 0.9 percentage point drop from the 11.4 percent recorded in July this year. The significant reduction was influenced by the lower inflation levels of food…
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COVID-19 pandemic: Supply of Aviation Fuel dropped by 60 % in 1st half of 2020
The supply of jet fuel to local and international airlines landing and taking off in Ghana witnessed a drop of about 60 percent in the first half of 2020. That’s according to data from the National Petroleum Authority, NPA. The dip in supply dropped to as low as 86 percent in the month of April…
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Official Liquidator for defunct Fund Managers seeks clients’ help to prosecute ex-officials
The Registrar General, Jemima Oware, has asked disgruntled clients of defunct fund management companies to furnish her with any evidence suggesting misconduct by former directors of the affected companies, to enable her take legal action against them. She said this in reaction to calls by participants in the ongoing creditor meetings for the official liquidator…