Author: citibusinessnews

The Finance minister, Seth Terkper will this morning brief the media on the current state of the economy following various developments on the international front. [contextly_sidebar id=”f3LBHoDybiuSTBxBF01FTmc26b8VPZUp”]There are numerous developments, especially economic ongoing on the international front specifically in China, Iran, US and the European Union among others which most African countries including Ghana are…

Citi Business News has gathered that cash from the cocoa syndicated loan will hit the account of Ghana Cocoa Board (COCOBOD) at the beginning of October,2015. [contextly_sidebar id=”O8kIekKIuXMaGvMkNHQ7FG5H6VxpSi9m”]Sources familiar with the matter tell Citi Business News the various parties involved in the loan syndication including government who is serving as guarantor, COCOBOD which is the…

The industrial sector is expected to see some improvement in the load shedding situation across the sector. [contextly_sidebar id=”jNGaIaXSg7DbD5Iea9zSi2wl0jb16tNd”]This comes after the Minister of Power Dr Kwabena Donkor directed the load management committee to reduce the load being shed currently for the industrial sector from 130 megawatts to 100 megawatts with immediate effect. According to…

Government is expected to raise in excess of 4.2 billion cedis from the domestic market this month. [contextly_sidebar id=”3ZL9GFHWz57DtXvQbh2EPZoALRxloHaX”]This is according to the issuance calendar for Government of Ghana securities, for the period July to December 2015. According to the calendar government will raise 2.4 billion cedis from issuing 91 day Treasury bills and 950…

The Executive Board of the International Monetary Fund (IMF) has completed its review of Ghana’s economic performance under the program supported by an Extended Credit Facility (ECF) arrangement. [contextly_sidebar id=”VECWR01ummvOx0KoNx6JcTj6OUuqG2Gk”]Completion of the review enables the disbursement of about US$116.6 million, bringing to total disbursements under the arrangement to about US$233.1 million. In completing the review,…

Ghana is about to introduce onto the international market a new fine-flavoured cocoa bean variety after five-years of extensive trial to ensure crop viability and disease resistance. [contextly_sidebar id=”qJdfDZAi7Ahwtam2q0sHllVWH2bmdohS”]Developed by Ghana’s Cocoa Research Institute, the fine-flavour cocoa bean has enormous unique signatures and mineral properties for human consumption – unlike the conventional cocoa crops. “We…