Category: Business
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Ghana, Ivory Coast to cancel all cocoa sustainability schemes of chocolate maker Hershey
Ghana and Ivory Coast, the world’s leading producers of cocoa have threatened to cancel all cocoa sustainability schemes that U.S.-based Hershey runs in these countries. Both countries according to Reuters have accused the chocolate maker of trying to avoid paying the cocoa premium known as the Living Income Differential (LID) which is aimed at combating…
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NEDS to improve standards, certification and conformity management in export
Over the years, Ghana’s export markets have become more sophisticated in their choices of what to buy as consumers now demand higher levels of quality, environmental sustainability, consistency and safety in the products. For highly-developed markets like the European Union and the USA, Ghana has had the unpleasant experience of suffering multiple alerts of quality…
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Energy Ministry begins community engagement for 20,000-acre petroleum hub
The Ministry of Energy has begun community engagement for the acquisition of 20,000-acre plot of land for the Petroleum Hub to be situated at Bonyere in the Jomoro Municipality. Technical Advisor for the proposed 12-year Petroleum Hub Development project, Dr. Eric Yeboah, says the hub is expected to attract about 60 billion worth of investment…
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SIC to pay GCB Bank claims after Saturday’s fire
SIC, the insurers of the GCB Bank Liberty House Branch at Katamanto in Accra have commenced processes to assess damage and pay claims as may be necessary to the company following a fire outbreak at the facility on Saturday. Speaking to Citi Business News, Head of Corporate and Special Risk at SIC, Emmauel Simpiney-Mensah said…
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Stakeholders in garment industry to boost sector through skills development
Stakeholders in the garment industry have intensified efforts in making the sector more attractive to the global market by equipping its members with the needed knowledge and skills. This aim is to be achieved through the Ghana Apparel Training and Service Centre which has been established at the Accra Technical Training College. The Centre, which…
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AfDB seeks more support for Ghana’s National Development Bank
With a little over a month for the National Development Bank of Ghana to commence operations, the outgoing Acting Country Manager of the African Development Bank, Sebastian Okeke, says his outfit is taking every step necessary to get more international financial institutions to support the funding of the bank. To support the establishment of the…
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Chartered Institute of Bankers launch code of ethics to curtail fraud
The Chartered Institute of Bankers, Ghana (CIB) in collaboration with the Bank of Ghana (BoG) and the Ghana Association of Bankers (GBA) has launched the Ghana Banking Code of Ethics and Business Conduct. This forms part of efforts to reduce the number of fraud cases perpetrated by employees within the banking industry. Speaking at the…
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GTA’s IGF quadrupled after digitization of its revenue system – Bawumia
Vice President Dr. Mahamudu Bawumia says digitizing revenue collection at the Ghana Tourism Authority, saved the Agency four times the revenue it ordinarily makes. Speaking at the 12th and last edition of the Nation Builders Update at Cedi Conference Centre at the Department of Economics, Legon, the Vice President informed Ghanaians that most state agencies…
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First and Second Deputy BoG Governors inducted as honorary fellows of Institute of Directors
The First Deputy Governor, Dr. Maxwell Opoku-Afari, and the Second Deputy Governor, Mrs. Elsie Addo Awadzi were on Thursday, 26th November 2020, inducted as honorary fellows of the Institute of Directors-Ghana (IoD) at the Institute’s Corporate Governance Excellence Awards. – This was in recognition of their role as key advocates in the promotion of the…
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Green Ghana project set to train 300 women in Ghana
As part of efforts to grow Ghana’s green economy, the European Union and its development partners are set to train 300 women in Kumasi, Koforidua and Accra into gainful employment either as entrepreneurs or qualified personnel in plastic recycling, organic waste management or sustainable forestry under the Green Economy Ghana Project. At least 70 companies…