Category: Top Stories
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We’ll increase investment in irrigation facilities to cocoa farms – COCOBOD CEO
Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo has given the firm assurance that his outfit will increase investment in irrigation facilities to cocoa farms nationwide to address the impact of climate change on cocoa farms. The International Cocoa Organisation’s monthly report for April 2022, has forecasted cocoa production for the…
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BoG must be innovative in dealing with rise in PPI – AGI
The Association of Ghana Industries (AGI) is calling on the government through the Bank of Ghana to be more innovative in its approach to dealing with the continuous surge in producer price inflation. Currently, the cost incurred by producers of goods and services in the country stands at 31.2 percent. According to the President of…
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Government partners private companies to mine abandoned iron ore in Oti Region
Ghana’s iron ore and steel industries are set to receive significant boosts following the initiative by the government, and some potential investors to mine an abandoned ore reserve in the Oti Region. The reserve, which holds about 500 million tonnes of iron ore, will boost steel production in the country and also provide several direct…
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Cedi depreciation pushes Ghana’s debt to over GH¢390 bn in April; 78% of GDP
Recent data released by the Bank of Ghana puts Ghana’s total public debt stock as of March 2022, at US$ 55.1 billion or GH¢391.9 billion. In Dollar terms, the debt dropped by over $3 billion in the first 3 months of the year, from $58.4 billion in January to $55.1 billion in March. In Cedi…
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SEC and West Africa Securities Regulators Association to hold 2nd edition of WACMaC
As part of efforts to foster market integration in the West African sub-region and facilitate cooperation among Capital Markets, the Securities and Exchange Commission (SEC) and the West Africa Securities Regulators Association is set to hold the second edition of the biennial West Africa Capital Market Conference (WACMaC). The West Africa Capital Market Conference is…
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GEA/Mastercard Foundation Young Africa Works supports 3,000 Beneficiaries with Start-up Kits
The Ghana Enterprises Agency in collaboration with the Mastercard Foundation have presented 3,000 Start-up Kits to beneficiaries who have completed their apprenticeship program. The GEA/Mastercard Foundation Young Africa Works Project is under one of GEA’s flagship Programs, the Youth Entrepreneurship and Employment Programme (YEEP). YEEP is an upgraded and job-focused version of all the apprenticeship…
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Akufo-Addo worried over impact of fertiliser shortage on poultry industry
President Nana Addo Dankwa Akufo-Addo has expressed concern about the shortage of fertiliser in Ghana and the rest of the continent, and its impact on the production of maize and soy as well as the country’s poultry industry. The ongoing war in Ukraine has left Ghana and the rest of the world not only short…
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Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative
As part of efforts to bring some relief to cocoa farmers in Nigeria and help them achieve a living income, the world’s fourth leading producer of cocoa has begun processes to join the Ghana-Côte d’Ivoire Initiative. The Ghana-Côte d’Ivoire Initiative was promulgated by the two leading producers of cocoa in the world, Ghana and Côte…
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BoG Governor confident inflation has peaked; expects rate to start declining
Governor of the Bank of Ghana, Dr. Ernest Addison, has described as baffling the sustained rise in the rate of inflation in the country. According to the governor, the Monetary Policy Committee, which is meeting to review developments in the economy, will need to decide on the current policy rate, which stands at 17%. The…
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BoG’s inflation targeting framework can’t reduce rise in inflation – IEA
The Institute of Economic Affairs (IEA) is unhappy with the current approach being used by the Bank of Ghana in stemming Ghana’s inflation situation. According to the Institute, the inflation targeting framework being used by the Central Bank cannot provide a lasting solution to the country’s inflation problem hence must be avoided. In a paper…