Author: Lawrence Segbefia
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We’ll continue to invest in agribusiness – ADB pledges after giving out outboard motors
The Managing Director of the Agricultural Development Bank, (ADB), Dr. John Kofi Mensah, says the bank will continue to focus on its core mandate of investing in agribusiness and farmers. The bank in its latest move has provided outboard motors worth 20 million cedis to some fisher folk along the coast. This comes not long…
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How can Ghana Develop; an examination of some key factors: skills, infrastructure, eCommerce, finance and leadership development
The question of development has engaged many scholars over the years. As an ardent observer and involved in the analysis of policies pertaining to Development Economics and followed the field over the years with great interest and enthusiasm, I am always intrigued by the question “development”, that is, why are some countries developed, whiles others…
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COVID-19: Pineapple & Banana exporters lament low demand and fallen prices
Non-traditional exports such as pineapple and banana have been a major source of foreign earners for Ghana for some time now. Even though Ghana has the potential to increase exports of such fruits, the outbreak of the novel Coronavirus pandemic has rolled back some of the gains made by farmers in this field. Figures published…
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Have comprehensive plans for funding manifesto promises – Technocrats urge political parties
Some technocrats have reiterated the need for major political parties to design manifestos that address critical developmental issues such as job creation much more holistically. The speakers at the launch of the CDD Manifesto Project, a compilation of issues and Evidence on Key sectors in Ghana, which seeks to promote Responsive and Responsible Manifestos for…
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Financial service consumers cautioned against increased cyber-crime amid Covid-19
As more people rely on digital banking platforms to reduce human interface in the wake of the COVID-19 pandemic, some analysts in the some financial space have cautioned consumers to be wary of increasing cyber fraud. According to some observers of the financial sector, there was an increase in cyber fraud in Ghana during the…
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Mid-Year budget: Hoteliers demand modalities on gov’t interventions amid COVID-19
Players in the hospitality industry say they expect the Finance Minister, Ken Ofori-Atta to provide clear modalities on how government intends to help their businesses bounce back in the upcoming Mid-Year budget review following the negative impact of COVID-19. At a meeting with President Akufo-Addo, the hospitality industry made up of different associations explained that…
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Fidelity Bank attributes strong 2019 financial results to customers’ support
Fidelity Bank Ghana has held its 2020 Annual General Meeting (AGM) via a virtual platform for its shareholders to receive and adopt the Reports of the Directors, Auditors and the Financial Statements for the year ended 31st December 2019. At the meeting, the Bank announced a 33% increase in profit before tax to GH¢322 million…
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Banks have not held back support for 2020/2021 syndicated loan – COCOBOD clarifies
The Chief Executive of Ghana COCOBOD, Joseph Boahen Aidoo, has described as false media reports suggesting that banks have refused to finance a 1.3 billion dollar syndicated loan for the 2020/2021 crop season. Media reports in recent times said investors have withdrawn from financing COCOBOD due to the COVID-19 pandemic. But reacting to the reports…
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Manage expectations from oil proceeds in mid-year budget – IES to Gov’t
The Institute of Energy Security, IES, has advised government to benchmark expected revenue from petroleum receipts around 35 dollars per barrel. The 2020 national budget pegged petroleum prices for export at 60 dollars per barrel. However, the outbreak of COVID-19 caused prices of crude oil on the world market to drop to as low as…
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Fuel prices may go up if Exchange Rate is not stabilized – COPEC warns
The Chamber of Petroleum Consumers, COPEC, has warned that fuel prices at the pumps may go above five Ghana cedis in a few days if measures are not put in place to stabilize the cedi against the dollar. COPEC says the continuous depreciation of the cedi increased the price of a liter of petrol by…