Category: Agribusiness
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DBG funds will not be used to buy gov’t securities – Deputy CEO assures
As stakeholders continue to lament the low level of lending to key sectors like Agriculture and manufacturing, the newly launched wholesale bank, the Development Bank Ghana is assuring that it will implement effective measures that will ensure their funds go to key sectors of the economy. Universal banks in the country, for some time now,…
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A law that will compel banks to lend to Agric sector players being considered – Min. of Agric
The Minister of Food and Agriculture has called out the banking sector for the poor level of support it has given to Ghana’s agriculture sector over the years. Despite the improvement in credit to the private sector in the past few months as economic activity picks up, the Agriculture sector in addition to Forestry and…
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Chamber of Telecommunications calls for more investment into Technology to improve livelihoods
Despite recent improvements in key areas like education, health, agriculture and entertainment as a result of the advancement in technology, the Ghana Chamber of Telecommunications says more needs to be done by relevant stakeholders to ensure all facets of Ghanaian life are enhanced significantly by new technology. According to the World Economic Forum, access to…
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Economist calls for a review of the PFJ to help curb inflation
As the rise in food prices coupled with a rise in transport-related prices continues to push national inflation up, calls are being made for a relook at some key government policies. According to some stakeholders, the high inflation rate of some local food items cannot be accepted when we have agriculture-focused programs like planting for…
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Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative
As part of efforts to bring some relief to cocoa farmers in Nigeria and help them achieve a living income, the world’s fourth leading producer of cocoa has begun processes to join the Ghana-Côte d’Ivoire Initiative. The Ghana-Côte d’Ivoire Initiative was promulgated by the two leading producers of cocoa in the world, Ghana and Côte…
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A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR
As food inflation in the country continues to rise, further pushing national inflation to unprecedented levels, the Council for Scientific and Industrial Research (CSIR) is urging government to invest in a comprehensive storage strategy to deal with post-harvest losses in the country. This the CSIR believes will eventually make food available all-year round which will…
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Gov’t urged to ban export of crude palm oil to protect local market
The government is being urged to ban the export of Crude Palm Oil (CPO) from Ghana, to ensure local processors have access to the raw material for their work. According to stakeholders in the Crude Palm Oil industry, the current ban on the export of the product by other countries like Indonesia requires that Ghana…
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Supply of cooking oil to stall if Indonesia’s ban on palm oil export persists
Stakeholders in the crude palm oil industry are warning of supply disruptions for cooking oil and imported crude palm oil on the Ghanaian market in the next 2 to 3 months if the ban on palm oil export from Indonesia isn’t lifted soon. Indonesia, the world’s biggest producer of crude palm oil, ordered a ban…
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Price of cooking oil to rise following Indonesia’s ban on palm oil export
The price of cooking oil and other products like soaps and biscuits, that are produced using crude palm oil (CPO) should rise in the coming weeks in Ghana if the ban on the export of palm oil from Indonesia isn’t lifted. This is according to stakeholders within the palm oil industry. Indonesia, the world’s biggest…
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![Russia-Ukraine war will stall sale of cocoa products to both countries – COCOBOD [Video]](https://citibusinessnews.com/wp-content/uploads/2021/01/cocoa-seeds.jpg)
Russia-Ukraine war will stall sale of cocoa products to both countries – COCOBOD [Video]
As the Russia – Ukraine war rages on, the impact on regional economies, especially those who export products to the two countries, is being felt. In Africa, countries dependent on commodities like wheat, oil, and fertilizer components, among others, are also feeling the pinch. In Ghana, the impact of a barrel of Brent Crude rising…