Category: Business
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Agricultural Development Bank supports agribusinesses in Ghana
Many Ghanaians heaved a sigh of relief when the government introduced the One District One Factory (1D1F) initiative, which is aimed at building strong value-addition-oriented companies as well as reducing the unemployment rate in the country. Although some private companies have received some forms of support under the initiative, many have not received the support…
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Togbe Afede XIV seeks cooperation with West African Power Pool Secretariat
As part of efforts to bring development across the ECOWAS subregion, Togbe Afede XIV and his investment partners – Shenzhen Energy Group have sought audience with the Secretary General of the West Africa Power Pool in Benin to explore opportunities for cooperation in the development of the viable WAPP Priority Generation Projects. The Secretary General,…
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Italian cold chain and logistics giants ready for long-term partnerships in Ghana
Perishable goods such as fruits, meats, dairy, and pharmaceuticals need special care during storage and transportation to preserve their wholesomeness and protect consumers’ health. Technologies and expertise for the safe movement of these products are therefore critical in the agribusiness value chain, especially in the post-production processes. With Italy being a global leader in the…
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Fertilizer smuggling seriously affecting rice production in northern Ghana – Peasant Farmers
The Peasant Farmers Association of Ghana is lamenting the growing incidents of fertilizer smuggling in the country. According to the association, the development is affecting the production of various commodities, especially rice. The Head of programmes and Advocacy, Charles Nyaaba, in an interview on the Citi Breakfast Show, said the smuggling is prevalent in the…
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#CitiBusinessFestival: Don’t be absentee farmers – Prof. Sottie cautions agribusiness entrepreneurs
Prospective agribusiness investors in Ghana have been cautioned against deferring the management and supervision of their farms completely to local farmers without frequenting the farms themselves. According to Professor Edmund Sottie, a Principal Research Scientist at the Animal Research Institute of the Centre for Scientific and Industrial Research (CSIR), there is a greater risk of…
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Citi Business Festival enters week 3; focuses on agribusiness
Ghana imports about $2 billion worth of food and food products into the country annually. With a youthful population, swathes of arable land, water sources and favourable climatic conditions, Ghana should be able to produce enough of all its food needs for local consumption and even more for export. Against the aforementioned background, the Citi…
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Tullow oil & partners to invest additional $4.2 billion in Jubilee and TEN fields
Tullow Oil and its partners are set to invest over $4 billion dollars into the Jubilee and TEN fields focusing on new wells and infrastructure over the next 10 years as part of an ambitious ‘Value Maximization Plan’ that is expected to deliver consistent revenue and value to Ghana. This was disclosed by the Chief…
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Take advantage of agribusiness opportunities – Ofori-Atta advises youth
The Minister of Finance, Ken Ofori-Atta, has advised the youth to take advantage of the agribusiness opportunities and manufacturing and link up with these employment-generating institutions for assistance in order to make a living for themselves and their peers. “Let us begin to understand that it is possible for us to be employers. This is…
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Eat Ghana Rice campaign: Farmers record hike in sales almost two years on
Local rice farmers seem to be enjoying a boom in sales, almost two years after Citi FM/ Citi TV embarked on a massive campaign to whip up interest in the patronage of local rice. Speaking to Citi Business News, the Head of Programs and Policy at the Peasant Farmers Association of Ghana, Charles Nyaaba, lauded…
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Post COVID-19 economic recovery: Stakeholders optimistic about MSME sector
As things begin to return to normal a year after the outbreak of the COVID-19 pandemic, stakeholders are hopeful of a quick and strong recovery in the various sectors of the economy. Micro, Small and M-sized Enterprises (MSMEs) in Ghana face higher credit constraints as banks lend to a limited number of firms and prioritize…