Category: Business
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Price of cooking oil to rise following Indonesia’s ban on palm oil export
The price of cooking oil and other products like soaps and biscuits, that are produced using crude palm oil (CPO) should rise in the coming weeks in Ghana if the ban on the export of palm oil from Indonesia isn’t lifted. This is according to stakeholders within the palm oil industry. Indonesia, the world’s biggest…
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Use of Public Enterprises League Table to assess performance of SOEs to begin in May – Minister
As part of efforts to help identify state owned enterprises that are struggling for government to extend the necessary support, the Ministry of Public Enterprises is set to begin the use of a Public Enterprises League Table starting from next month, May, 2022. The sector minister, Joseph Cudjoe, believes the league table will help keep…
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Enterprise Trustees celebrates 10 years of pensions administration in Ghana
Leading private corporate trustee, Enterprise Trustees, has assured of continued efforts to improve the quality of pensions in the country, by offering cutting-edge innovative solutions to all workers. According to them, this forms part of measures to drive the inclusion of the informal sector in voluntary pension contributions. Enterprise Trustees after 10 years in operation…
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Stay away from ‘SIDICOIN’ cryptocurrency investment scheme – BoG warns public
The Bank of Ghana (BoG) has warned the public about an impending launch of a cryptocurrency investment scheme named “SIDICOIN” in Ghana. According to a statement from the Central Bank, neither the cryptocurrency investment scheme nor its promoters have any approval from the Bank of Ghana to operate in the banking and payment services sector.…
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Concrete steps must be taken to expand production to promote regional trade – BoG
Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi has reiterated the need for concrete steps to be taken to expand production and delivery of goods and services to promote regional trade and growth under the African Continental Free Trade Area. According to her, this will help accelerate the progress of the implementation…
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MD of FBNBank appointed to Venture Capital Trust Fund Board of Trustees
The Managing Director of FBNBank, Mr. Victor Yaw Asante has been appointed as a member of the Board of Trustees of the Venture Capital Trust Fund (VCTF). Mr. Victor Yaw Asante who was sworn-in as the ninth member of the governing board of the VCTF is representing the Ghana Association of Bankers (GAB) on the…
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Farmerline, a Ghanaian agri-tech startup led by Alloysius Attah, secures $12.9 million pre-Series A funding
Farmerline Group has secured a US$6.4 million Pre-Series A investment and $6.5 million debt to strengthen its supply chain for agribusinesses; reduce the cost of farming, and increase yield for farmers on the continent through the deployment of AI technology and local infrastructure. The US$6.4 million Pre-Series A investment, led by Acumen Resilient Agriculture Fund(ARAF)…
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Move from Abossey Okai to Afienya won’t be forced on spare parts dealer– Leadership assures
Leadership of the Abossey Okai Spare Part Dealers Association is assuring its members that no trader will be forcefully evicted from their current location as part of ongoing efforts by the government to relocate spare parts dealers of Abossey Okai in Accra to Afienya, a community in the Greater Accra Region. The remarks follow a…
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A continuous rise in input prices will lead to higher commodity prices – AGI
The Association of Ghana Industries (AGI), is warning that prices of final goods will continue to rise if the high Producer Price Inflation rate in the country is not checked. Data from the Ghana Statistical Service shows that the year-on-year producer inflation for all industries was 29.3 % in March 2022. The 29.3 percent year-on-year…
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Deliberate review of workplace policies needed to push deserving women into leadership – 2nd Deputy Governor
Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi is pushing for a deliberate review of workplace policies and processes for hiring and performance management to ensure that well-deserving women get a fair chance to top leadership positions. According to her, shareholders must intentionally ensure gender equity in top management compositions of organisations…