Category: Business
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COCOBOD will receive $190 million this week to settle farmers – Afriyie Akoto
Cocoa farmers who are yet to receive payment for cocoa beans they supplied to Licensed Buying Companies (LBCs) for the 2020/2021 cocoa season, should expect payment soon as monies that will be used in settling them is expected early this week. This was made known by Food and Agriculture Minister-designate, Dr. Owusu Afriyie Akoto, when…
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ADB Managing Director is most visible Banking Sector CEO – 2020 IBNA Report
Managing Director of the Agricultural Development Bank (ADB), Dr. John Kofi Mensah has emerged as the most visible Chief Executive Officer (CEO) in the Ghanaian banking industry. This is according to the Institute of Brands Narrative Analysis (IBNA) Media Analysis 2020 survey report. According to the report, in the year 2020, the ADB Managing Director…
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FDA recalls contaminated pet food over death of animals
The Food and Drugs Authority (FDA) is cautioning the general public about the contamination of various pet foods manufactured by Midwestern PetFoods, Indiana in the United States of America. The FDA in a press release dated 18th February 2021, stated that the pet foods have been recalled due to the presence of high aflatoxin contamination…
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Make appointments to petroleum-sector boards now – COPEC to government
The Chamber of Petroleum Consumers, COPEC, is calling for appointments to the boards of petroleum and oil-related sectors to be hastened up. According to the Chamber, the role of these institutions in the management of the sector cannot be underestimated hence the advice. The various boards and corporations were earlier dissolved in accordance with the…
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WTO Director General outlines plans to rejuvenate global trade
The newly appointed Director General of the World Trade Organization, Ngozi Okonjo-Iweala, has pledged to among other things, facilitate the lifting of export restrictions among member countries to enable easier movement of goods during this COVID-19 period. This forms part of her vision to rejuvenate and strengthen the World Trade Organization to enable it effectively…
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Deloitte Ghana Human Capital Webinar discusses ‘the future of work’ in a post-pandemic world
The impact of the COVID-19 pandemic cannot be overemphasized in the world of business as industries continue to evolve and organizations adapt to new technologies to enable them continue to stay relevant and profitable. The ‘new normal,’ according to Human Capital Leader for Deloitte Africa, Maharaj Pam, has accelerated the future of work and given…
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BoG’s support for banks may reduce in 2021 – Banking Consultant
The amount of credit from the Bank of Ghana to the 23 universal banks in the country should reduce this year when compared to credit advanced to the banks in 2020. The amount of money advanced to banks from the Central bank throughout the period when the Coronavirus was at its height was about GHS2.6…
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We’ll oppose any plan to increase transport fares – COPEC
As fuel prices at the pump continue to rise, the conversation about whether or not to increase transportation prices is gradually coming up. Prices of fuel have gone up by up to 12 pesewas at some stations. But the Executive Secretary of the Chamber of Petroleum Consumers, COPEC, Duncan Amoah says his outfit will kick…
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Tomato traders and transporters call off strike
Tomato trade in Ghana can once again go on smoothly. This is because the tomato traders and transporters association has called off the strike that they embarked on from Sunday, February 7th, 2020. The association had on several occasions, complained of attacks on its members by robbers on the Ghana-Burkina Faso highway, but efforts at…
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Government urged to build local capacity to help produce COVID-19 vaccines
As government works to procure some 17 million doses of COVID-19 vaccines by the end of June 2021, it has been urged to prioritize investing in systems that will guarantee the development of different vaccines in Ghana in the medium to long term. Per the latest updates from the Ghana Health Service, which is up…