Author: citibusinessnews
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Bag of cocoa beans to sell at GH¢1,308 in new season
President Nana Addo Dankwa Akufo-Addo has announced a 63.6% upward adjustment of the farm gate price of cocoa beans from GH₵800 to GH₵1,308 per bag for the new cocoa season. According to the president, the increment is the highest in West Africa in the last 15 years. The president made this announcement at Tepa in…
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2022 Best National Farmer to commission Agribusiness School
The 2022 Best National Farmer, Oheneba Nana Yaw Sarpong Siriboe I, who is also the Akyimpimhene of the Juaben Traditional Area in the Ashanti Region, is set to establish an agribusiness school on his farm in the Ashanti Region. The establishment of the school is part of his efforts to reposition the role of youth…
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DDEP: Govt settles pension funds bondholders
The government has announced the successful settlement and conclusion of its alternative offer to Pension Funds bondholders regarding Ghana-denominated notes and bonds. The Ministry of Finance in a statement dated September 7, said “This successful result is a significant achievement for the Government as it pursues its macroeconomic stabilization policies under the IMF-supported Post-COVID-19 Programme…
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ECO currency challenges: Technical committee attributes delays to external shocks, others
The West African Monetary Agency has acknowledged the challenges posed by global macroeconomic shocks and the inability of member states to fully meet the criteria for the complete rollout of the ECO as the single currency in the West African sub-region by 2027. In response, the technical committee has been tasked with reassessing the roadmap…
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![The incompatibility of corporate income tax and PPAs in deregulated electricity markets [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2023/09/govt-averts-dumsor.jpg)
The incompatibility of corporate income tax and PPAs in deregulated electricity markets [ARTICLE]
In the dynamic landscape of deregulated electricity markets, Power Purchase Agreements (PPAs) serve as foundational documents that define the terms of electricity transactions between generators and purchasers. These agreements intricately detail pricing, obligations, and rights, leaving no room for ambiguity. However, one common misconception in some discussions surrounding PPAs, in some quarters, suggests embedding corporate…
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Bayport Savings and Loans re-enters capital market with Ghc50m bond issuance
In its quest to strengthen customer support, Bayport Savings and Loans PLC has resumed capital market activity with a Ghc50m bond issuance. This was revealed when the company took its turn at the Ghana Stock Exchange’s Facts Behind the Figures session on Wednesday, 6th September, 2023. This also comes on the back of Bayport Savings…
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Soya Bean farmers urge govt to address PFJ challenges
The Ghana Soya Bean Farmers and Aggregators Association has called on the government to address the challenges of the first phase of the Planting for Food and Jobs (PFJ) initiative to ensure the success of the new phase. President Nana Addo Dankwa Akufo-Addo launched Phase two of the government’s flagship programme on agriculture, “Planting for…
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![Unveiling the cost implications of PPAs in a deregulated energy market [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2022/05/Elikplim-Kwabla-Apetorgbor-CEO-of-CIPDiB-512x658-1.jpg)
Unveiling the cost implications of PPAs in a deregulated energy market [ARTICLE]
Power purchase agreements (PPAs) constitute a cornerstone of energy transactions in deregulated markets, shaping the financial landscape of power generation and consumption. This article delves into the multifaceted cost implications of PPAs within a deregulated energy market, exploring the intricate web of pricing dynamics, risk management, and economic considerations that underpin these agreements. By dissecting…
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Collaborate to deal with perceived risk of investing in Africa – Amin Adam to African countries
The Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam, has urged African countries to collaborate to address the perceived risk of investing in Africa. The minister said that available data suggests that out of the $2.3 trillion allocated for investment in renewable energy worldwide, only $55 billion has been invested in Africa,…
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Shareholders commend Access Bank’s first half performance
Shareholders have commended Access Bank Ghana for its strong return to profitability in the first half of the year, from the effects of the Domestic Debt Exchange Programme which had a toll on the entire banking sector last year. The commendation came during an interaction session held by the Ghana Stock Exchange for its listed…