Category: Top Stories
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Cocoa Management System almost ready – Deputy Agric Minister discloses
Deputy Minister for Food and Agriculture, Yaw Frimpong Addo has disclosed that the Ghana Cocoa Board’s fully traceable Cocoa Management System is near completion. Currently, purchased cocoa can be traced to the community level in Ghana. However, this traceability system does not start at the farm level, which can prevent cocoa companies or other sector…
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GDP growth rate exceeds target; increases by 4.8% in 2022 second quarter
Ghana’s economy has expanded by 4.8% year-on-year in the second quarter of 2022. “Provisional real quarterly gross domestic product (QGDP) growth rate, including Oil and Gas, is 4.8 percent (year on year) in the second quarter of 2022. In the same period of 2021, the growth was 4.2 percent.” Data from the Ghana Statistical Services…
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Bank of Ghana’s MPC meets over economy today
The Monetary Policy Committee (MPC) of the Bank of Ghana will today [September 20, 2022] commence its annual meetings to review developments in the economy. The meeting will also come out with the Monetary Policy Rate which is of keen interest to businesses, as it determines the rate at which the Bank of Ghana lends…
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Ghana’s ailing economy: A look at the inflation trend in 2022
Ghana’s economy has overly performed poorly this year and with just three months left to the end of year, it doesn’t seem like there’s light at the end of the tunnel. Prices continue to soar for both food and non-food items of which transport, housing, utilities, and prices of imported goods are rising more than…
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Passion Air commences flight operations to Sunyani Airport
Ghana’s domestic air travel market is set to witness a major boost with the commencement of flight operations of domestic airline operator with the largest route network in the country, Passion Air to the Sunyani Airport. The flight, according to the company, indicates the start of Passion Air’s Sunyani route which would fly on Mondays,…
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IMF to deploy another mission to Ghana in coming weeks
The International Monetary Fund is set to deploy another mission to Ghana in the coming weeks as the country races against time to tie down a bailout programme. In July, a staff mission visited Ghana for initial discussions after the Akufo-Addo administration announced its intentions to head back to the IMF for a bailout. Ghana…
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Our members prefer fuel price reduction to fare increase – GPRTU
The Ghana Private Road Transport Union (GPRTU) believes its members are in favour of the government reducing fuel prices, not an increment in transport fares. Explaining why it is hesitant to increase transport fares, the General Secretary of the GPRTU, Godfred Abulbire, noted that “we don’t benefit a lot from the fare increments”. This comes…
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First Palm Oil Barometer challenges negative public perception on palm oil sustainability
While smallholder palm oil farmers risk living in poverty, the 282 billion-dollar palm oil industry creates huge profits for companies. The pivotal role of smallholders in the palm oil sector, currently contributing to around 30% of global production, is often overlooked in the sustainability agenda, as policies tend to focus on large industrial plantations. And…
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BOST holds first Annual General Meeting 29 years after its establishment
The Bulk Oil Storage and Transportation (BOST) Limited Company has held its maiden Annual General Meeting since its establishment in 1993. The event, which took place at the Movenpick Ambassador Hotel in Accra on Wednesday, September 14, 2022, had many dignitaries gracing it with their presence. The AGM also comes as a great achievement to…
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‘BOST Margin will not be taken off anytime soon’ – Energy Minister assures
The Minister of Energy, Dr. Matthew Opoku Prempeh, has assured that government will judiciously use the BOST Margin. The margin is a tax imposed on petroleum products, which is used to cover the maintenance and operating cost of petroleum product depots and expansion programs at the depots. Currently, it stands at nine pesewas per liter…