Category: Business
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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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Government to digitalize fertilizer distribution to curb smuggling – Ofori-Atta
Government says it is rolling out measures to digitize the distribution of fertilizer in the country. In recent times fertilizer smuggling has become the order of the day as the Planting for Food and Jobs Secretariat reported that the country lost a whopping GHS120 million from unaccounted for fertilizer, diversion of coupons and fertilizer smuggling…
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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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New Board takes office to steer affairs of Ghana Grid Company
The Ghana Grid Company has sworn into office, a new Board to oversee its affairs. The new composition comes at a time of rapid development and growth in the power sector, with key projects currently underway to establish consistent power supply and delivery across the country. The Board is led by His Excellency, Ambassador Kabral…
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Mid-Year budget review: Poultry farmers in Ashanti Region advocate for insurance scheme
Ahead of the mid-year budget presentation by the Finance Minister, Ken Ofori-Atta, poultry farmers in the Ashanti region, are calling for a poultry insurance system to be initiated to support their members. They believe this will provide security to poultry farmers during outbreaks and also make financial institutions comfortable in dealing with them. In an…
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2021 growth, inflation and fiscal deficit targets likely to be missed – Economist
A key feature of all budgets are the macroeconomic targets set out in the respective statements. The targets give an idea of the confidence level in the structure and fortunes of the economy for the period in question. Before giving updates on progress made with the implementation of government’s programs and policies in 2020, as…
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Finance Minister to present mid-year budget review today
The Finance Minister, Ken Ofori-Atta, will present the mid-year budget review in Parliament today, Thursday, July 29, 2021. The budget review, which is in accordance with Article 179 of the 1992 Constitution and the Public Financial Management Act 921, presents the opportunity to revise macroeconomic targets and present a comprehensive economic outlook for the rest…
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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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Mid-year budget review: Energy consultant calls for removal of some petroleum taxes
Ahead of the presentation of the 2021 mid-year budget review today, Thursday, July 29, 2021, Energy Consultant, Dr. Yussif Sulemana, says he expects the government to review some taxes introduced in the petroleum sector. He argues that as oil prices on the global market continue to surge, the government stands to make up for any…