Author: Nerteley Nettey
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#CitiBusinessFestival: Dr. Kaufmann pushes for dedicated funding for Biomedical Engineering research
Senior Lecturer and founding Head of the Department of Biomedical Engineering, University of Ghana, Dr. Elsie Effah Kaufmann, has bemoaned the lack of a dedicated source of funding for Biomedical Engineering research in the country. According to her, the declining levels of local funding for biomedical research, along with inefficient allocation of funds by government…
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Ghana on course to eradicate child labour in cocoa sector – COCOBOD CEO assures
The Chief Executive Officer of Ghana COCOBOD, Joseph Boahen Aidoo, says government has been able to erase the misconception that Ghanaian cocoa farmers exploit children on their farms. A recent report funded by the US Department of Labour, claimed that Ghana and Ivory Coast were using more than 2 million children on cocoa farms. Even…
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#CitiBusinessFestival: Scale up production to fill temporary trade gaps – African businesses urged
The Co-founder and Managing Partner at International Consultancy firm, Konfidants, Michael Kottoh, has emphasized the need for African governments to put in place measures to rapidly scale up the production capacity of African businesses through partnerships. According to him, the COVID-19 crisis has ushered in an even more urgent need for such a transition as…
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Low interest rates will empower local banks to fund cocoa purchasing – BoG Governor
The Governor of the Bank of Ghana, Dr. Ernest Addison, has said reduced domestic interest rates will empower local banks to participate in the cocoa syndicated loan. COCOBOD is seeking to raise 1.3 billion dollars to finance the 2020/2021 crop season. But some financial analysts have maintained that the funds used in purchasing cocoa beans…
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No need to raise taxes in Mid-year budget; collection must improve – Tax Analyst
A Tax Analyst, Timore Francis Boi, has said there will be no justification for government to introduce new taxes or increase existing tax rates in the mid-year budget statement scheduled to be delivered in July. He says government must rather restructure the tax system to improve collection from areas that have been neglected for long,…
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Ghana’s COVID-19 cases rise to 16,431, with 12,257 recoveries; 103 deaths
Ghana has recorded 597 new COVID-19 cases. This pushes the country’s case count to 16,431. This was contained in the Ghana Health Service’s latest update on Saturday, June 27, 2020. However, the total number of persons who have recovered from the novel disease in the country has increased to 12, 257. Persons who have died…
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Zuckerberg loses $7 billion as firms boycott facebook ads
Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook Inc.’s network. Shares of the social media company fell 8.3% on Friday, the most in three months, after Unilever, one of the world’s largest advertisers, joined other brands in boycotting ads on the social network. Unilever said it would…
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MTN to sue NCA over attempts to ‘disrupt’ its market share
Telecommunications giant, MTN Ghana, has made known its intent to contest the National Communications Authority’s decision to break its monopoly after declaring the network operator as a Significant Market Power (SMP). This comes after the Ministry of Communications earlier this month directed the National Communications Authority (NCA), to enforce provisions of the Electronic Communications Act,…
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First National Bank appoints Dominic Adu as first Ghanaian CEO
First National Bank Ghana has appointed Dominic Adu as its first Ghanaian Chief Executive Officer. A press statement issued by the bank said Dominic Adu’s appointment will commence, effective Wednesday, July 01, 2020. Dominic takes over from Richard Hudson, who has served in this position since the inception of the bank five years ago. Mr.…
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Recognize seafarers as critical in COVID-19 fight – Ghana Maritime Authority
As Ghana joins the rest of the world to mark the 10th annual ‘Day of the Seafarer’, the (GMA), has called for the recognition of seafarers as key workers in the fight against the COVID-19 coronavirus pandemic. According to the GMA, seafarers are essential to the shipping sector thus the need to provide them with…