Category: News
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Dannex Ayrton Starwin Plc records over GHS 95 million revenue in 2022
Pharmaceutical company, Dannex Ayrton Starwin PLC remains resolute in restoring profitability after it achieved a revenue of a little over GHS 95 million in 2022 surpassing the over GHS 74 million recorded in 2021. The company however recorded exchange losses of about GHS 9.1 million under the year of review. Delivering his address at the…
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DDEP: Govt settles pension funds bondholders
The government has announced the successful settlement and conclusion of its alternative offer to Pension Funds bondholders regarding Ghana-denominated notes and bonds. The Ministry of Finance in a statement dated September 7, said “This successful result is a significant achievement for the Government as it pursues its macroeconomic stabilization policies under the IMF-supported Post-COVID-19 Programme…
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ECO currency challenges: Technical committee attributes delays to external shocks, others
The West African Monetary Agency has acknowledged the challenges posed by global macroeconomic shocks and the inability of member states to fully meet the criteria for the complete rollout of the ECO as the single currency in the West African sub-region by 2027. In response, the technical committee has been tasked with reassessing the roadmap…
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African leaders emphasize in-continent processing of mineral wealth at climate summit
At the recently concluded African Climate Summit in Nairobi, Kenya, African leaders were united in their call for the processing of Africa’s extensive mineral wealth to occur within the continent. They emphasized that “decarbonizing the global economy is also an opportunity to contribute to equality and shared prosperity.” Despite Africa’s rich deposit of critical minerals,…
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Indian investors commit $14 billion to Nigeria, to strengthen several Nigerian sectors
Indian investors commit $14 billion to Nigeria, to strengthen several Nigerian sectors According to the Nigerian presidential spokesperson on Wednesday, Nigeria has received offers of about $14 billion from Indian investors and is seeking to sign an economic cooperation agreement with the South Asian country. Ajuri Ngelale, a spokeswoman, said in a statement that India’s…
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Secured loans in Q2 2023 surge to ¢5.9 billion, a 15.5% year-on-year increase
In the second quarter of 2023, the total value of secured loans granted and registered by banks and Specialized Deposit-Taking Institutions in Ghana reached an estimated ¢5.9 billion. This marked a substantial growth of 15.5% compared to the previous year. Meanwhile, Specialized Deposit-Taking Institutions reported a total of ¢971.1 million in secured loans, representing a…
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Ghana Stock Exchange shows robust performance with notable gains in key equities
The Ghana Stock Exchange (GSE) experienced a strong trading session on September 6, 2023, characterized by significant gains in essential equities and a surge in trading activity. This surge in investor participation and increased volume is instilling confidence in the Ghanaian stock market. Out of the 14 GSE-listed equities involved in the trading, optimism prevailed…
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2023/2024 cocoa season: Stakeholders project increase in farm gate price to GHS 1,380
Ahead of Government’s announcement of the 2023/2024 farm gate price for cocoa, stakeholders are projecting an increase in producer price from the current GHS 800 to GHS 1,380 per bag of cocoa beans. This projected rise is as a result of prevailing rates on the international market. Government through the COCOBOD is scheduled to announce…
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Scale up effort to claim share of global pharmaceutical revenue – Sam Jonah
Players within the pharmaceutical industry across Africa have been charged to accelerate efforts in turning the fortunes of the sector not only into a more lucrative but lifesaving one. According to businessman and Chancellor of the University of Cape Coast, Sir Samuel Esson Jonah, the insignificant share of global pharma industry revenue leaves more room…
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Pharmaceutical Society charged to utilize AI to transform industry
Ghanaian businessman and Chancellor of the University of Cape Coast, Sir Samuel Esson Jonah is encouraging pharmacists across the country to leverage the emergence of Artificial Intelligence (AI) to better position the pharmaceutical industry for economic growth. This, he explains can be achieved by deepening collaborations with other technological bodies to offer world class pharmaceutical…