Author: Ellen Dapaah
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FDA cautions palm oil producers against usage of Sudan IV
The Chief Executive Officer of the Food and Drugs Authority (FDA), Delese Mimi Darko, has cautioned oil palm producers in Ghana to desist from the use of Sudan IV in oil palm production. She made the call at the launch of the Artisanal Palm Oil app in Accra last week. Mimi Darko acknowledged the good…
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Poultry farmers unhappy budget review did not address scarcity of feed
The failure of the Finance Minister to address the recent shortage of poultry feed in the mid-year budget review has come as a shock to the Poultry Farmers’ Association. Poultry farmers in the country are still struggling to find feed for their birds, and they were expecting the Finance Minister to announce government’s plans to…
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Over 41.4 million voice subscriptions push mobile penetration over 133%
The total number of mobile voice subscriptions in the country for the month of March 2021 has increased to over 41.4 million. The National Communications Authority’s latest industry information said the four mobile network operators account for the over 41.4 million subscriptions, representing a 0.82 percentage increase from February’s figure of 41 million subscriptions. According…
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Standard Chartered Bank Ghana pays 23% of total income as dividend to shareholders
Standard Chartered Bank Ghana PLC has declared dividend on ordinary shares of GH¢1.74 culminating into GH¢234.4 million. This represents 23 percent of the bank’s total income for 2020. This was announced during its 2020 Annual General Meeting to present the Annual Report and Financial Statements for the year ended 31 December 2020 to their shareholders…
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Value of MoMo transactions shoots up by almost 100% in June 2021
The value of mobile money transactions has increased by almost 100 percent in the last twelve months. The total value shot up by 96.7 percent from June 2020 to June 2021. On a monthly basis, the value of transactions from May to June saw a minimal increase of about 3 percent. This is contained in…
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Inflation rises for first time since February 2021; now at 7.8%
Ghana’s national year-on-year inflation rate has once again taken an upward turn, albeit marginally, after two months of consecutive drops, to hit 7.8 percent in June 2021. This increase is 0.3 percentage points higher than the 7.5 percent recorded in May this year. Inflation is often referred to as a “measure of the increase in…
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DBG must be able to retrieve loans it’ll give out to survive – Kwame Pianim
A renowned economist and investment analyst, Kwame Pianim, says the yet-to-established Development Bank Ghana must work to prevent collapse by putting in place measures to be able to recoup monies borrowed to customers. Sharing his opinion on the establishment of the bank, Mr. Pianim, opined that the bank must put in mechanisms that will allow…
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![Local economy receives major boost in Adjen Kotoku [Video]](https://citibusinessnews.com/wp-content/uploads/2021/07/adjen-kotoku-market.png)
Local economy receives major boost in Adjen Kotoku [Video]
Over a week after onion sellers were relocated to Adjen Kotoku from Agbogbloshie, business appears to be picking up at a rather encouraging rate. This is not limited to the traders alone, but also the local economy. Although the traders still have many challenges that need to be addressed as soon as possible, most of…
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GIZ Ghana organizes forum for MSMEs on accessing finance
GIZ Ghana, through its Reform and Investment Partnership project, the Migration and Employment Promotion component and Financial System Development component under the Programme for Sustainable Economic Development, and the Special Initiative for Training and Job creation (SI Jobs) programme, held a two-day forum dubbed, “Access to Finance”, from 30 June – 1 July in Takoradi,…
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Mining sector road rehabilitation project launched to address issues in sector
Roads leading to mining communities in the country will soon see a facelift following the launch of the Mining Sector Road Rehabilitation project. The project, which was started in 2017, is supposed to coordinate the renovation and advancement of road infrastructure in mining enclaves across the country. Speaking at the launch, the Coordinator of the…