Category: Business
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Tullow Ghana records significant milestone of 300m barrels of oil from Jubilee Field
Tullow Ghana Limited, operator of the Jubilee and TEN fields, has recorded a significant milestone of 300 million barrels of oil production from the Jubilee field. Tullow and its partners GNPC, Kosmos, Anadarko and Petro SA, are an integral part of Ghana’s remarkable Jubilee story. With the support of the government of Ghana, the Jubilee…
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Interest rate disparity limits capacity of local banks to take up cocoa syndicated loan – Banking Consultant
Banking Consultant, Nana Otuo Acheampong, has cast doubt on the ability of local banks to take over the annual syndicated loan arrangement for the purchasing of cocoa beans from farmers by COCOBOD. His comment follows recent calls by the Board Chairman of COCOBOD, Hackman Owusu-Agyemang, for local banks to build their capacity play a critical…
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COCOBOD must monitor to ensure cocoa farmers enjoy new producer price – GCCP
The Ghana Civil-Society Cocoa Platform (GCCP), has charged COCOBOD to strengthen its surveillance at various depots and cocoa-sheds to ensure cocoa farmers enjoy the new farm gate price for cocoa without being cheated. Over the years, some cocoa purchasing clerks have been accused of cheating farmers by illegally adjusting weighing scales to the disadvantage of…
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Ghana Int’l Bank plc appoints Baafuor Ohene Abankwa as Head of Client Coverage for Africa
Ghana International Bank plc has announced the appointment of Baafuor Ohene Abankwa as Head of Client Coverage for its Africa Business. He will be responsible for managing the African Coverage Team and is tasked with leading the growth into new markets in East and Central Africa whilst ensuring the continuous delivery of value to the…
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Dalex Swift allows clients to choose their preferred interest rates on investments
Dalex SWIFT is allowing customers to determine what interest rates they want to earn on their investments from October 5, 2020. Dalex SWIFT is a leading fully digital investment product that provides clients with a credible, convenient, and competitive path to a better life with over 134,000 registered users. Since its inception, SWIFT has given…
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Value of Mobile Money transactions double in a year – BoG Report
The value of mobile money transactions has more than doubled in the last twelve months, according to the Bank of Ghana. The total value shot up by over 110 percent from August 2019 to August 2020. This is contained in the Central Bank’s Summary of Macroeconomic and Financial Data report. From January to August 2020,…
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Producers of cosmetics undergo training to boost competitiveness on global market
The Global Shea Alliance in partnership with UNIDO has organized a training programme for cosmetic producers in the country. The training programme, which brought together 50 entrepreneurs in the cosmetic production sector, was aimed at increasing their competitiveness on the global market. Speaking in an interview on the sidelines of the training, the Managing Director…
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Fuel prices to reduce marginally towards end of 2020 – COPEC predicts
The Chamber of Petroleum Consumers, COPEC, has predicted that fuel prices in Ghana will continue to drop marginally for the rest of the year. The Chamber believes that based on happenings on the international oil market, consumers can expect to purchase fuel at reduced prices. Speaking to Citi Business News, Executive Secretary of COPEC, Duncan…
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Ghana’s business environment safe despite threat of cybercrime – Deputy Minister
Foreign and local investors in Ghana have been assured of a safe business environment despite an increase in cyber-crime cases in the country. Currently, a total of 11,545 reports have been made through the Cybercrime/Cyber security Incident Reporting Points of Contact between January and August 2020. But government says it has put in place measures…
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Ghana adjudged most impressive bond issuer at Global Capital Bond Awards 2020
Ghana has been awarded as the Most Impressive African Issuer at the Global Capital Bond Awards 2020 after its successful issuance of the US$3 billion Eurobond at record rates in the first quarter of this year. Ghana beat Morocco and First African Corp in the category. Ghana on Tuesday, March 17, 2020, successfully issued US$3…