Category: Local Economy
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Address poultry feed challenges now – Eric Opoku to government
The Ranking Member on the Food, Agriculture and Cocoa Affairs Committee in Parliament, Eric Opoku, wants government to immediately address challenges poultry farmers are currently facing with regard to access to feed for their chicken. The Greater Accra Poultry Farmers Association (GAFA) earlier this week said Ghana’s poultry industry risks collapse if the government fails…
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Ghana.Gov platform to help increase revenue by GHS3 billion – Bawumia
Vice President Dr. Mahamudu Bawumia has indicated that the launch of the comprehensive digital service and revenue collection platform, created to provide a single point of access to Government of Ghana services for the public, will increase government revenue by an estimated GHS3 billion. The Ghana.gov platform is in line with the government’s vision of…
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Uniliever Ghana launches two new natural variants of Geisha Soap
Unilever Ghana Plc has launched two new variants of its Geisha soap, specifically Geisha Moringa and Geisha Black soap. These variants are formulated with locally sourced natural ingredients such as cocoa butter, activated charcoal and Moringa oil and come at a time when the Ghanaian consumer’s demand and preference for locally sourced and natural based…
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Ghana signs $200M loan agreement with World Bank to aid vaccination programme
The Government of Ghana has signed an additional $200 million loan agreement with the World Bank to help the vaccination process. This is the second tranche of funds that government is receiving from the World Bank for the management of the pandemic. Addressing the media after signing the agreement, Finance Minister, Ken Ofori-Atta said the…
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Kosmos Innovation Center announces winner of 2020 Agritech challenge
The Kosmos Innovation Center (KIC) has announced the winners of the 2020 AgriTech Challenge, a business competition aimed at developing the next generation of young entrepreneurs in Ghana’s agriculture sector. This year’s winners are: • OASAL Group – a new start-up that produces affordable ethanol from cashew apples, enabling farmers to earn additional income. •…
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Poultry industry risks collapse due to shortage of maize – GAFA
The Greater Accra Poultry Farmers Association (GAFA), fears Ghana’s poultry industry risks collapse if the government fails to swiftly deal with recent challenges of feed for poultry. This comes as poultry farmers across the country currently are faced with scarcity and high cost of maize and other ingredients needed for the industry. Speaking to Citi…
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Piloting of digital currency in Ghana to begin in September 2021 – BoG
Ghana is set to commence the piloting of its electronic currency by September this year. This was disclosed by the First Deputy Governor of the Bank of Ghana, Maxwell Opoku-Afari. According to him, the introduction of the Central Bank’s Digital Currency (CBDC) is crucial as the pandemic has quickened the drive towards a cash-lite economy…
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We’re hoping for survival of Ghana’s new Development Bank – AGI
President of the Association of Ghana Industries (AGI), Dr Yaw Adu Gyamfi has expressed confidence in the sustainability of Ghana’s development bank. According to him, the development bank will serve as a panacea for addressing long term financing challenges experienced by local industries. The Government of Ghana in partnership with the European Investment Bank, and…
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Parliament must probe ‘unusual’ high cost of building materials – Kwaku Kwarteng
A former Deputy Finance Minister, Kwaku Kwarteng has charged Parliament to look into the reasons behind the recent hikes in the prices of building materials such as sand, stones, cement, iron rods and the likes. Some building contractors in the past few months have been lamenting the continuous toll the price hikes on building materials,…
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Ghana mulls Africa’s first social bonds with $2 billion sale
Ghana is planning to issue green and social bonds of up to $2 billion by November, which would make it the first African country to sell debt to fund development programs. This is according to Bloomberg. The West African economy, which is planning to borrow up to $5 billion on international markets this year, would…