Category: Top Stories
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Agric export earnings to grow by 8 fold within 10 years – Agric Ministry
Agriculture, albeit not receiving as much attention as is desired, is currently contributing about US$2.5 billion to Ghana’s GDP through export earnings. The Agric Ministry is predicting an 8-fold increase in that amount in the next 10 years. The growth is expected to be induced by strategic arrangements by the Agric Ministry to improve crop…
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50% reduction in benchmark values crippling agric sector – Rice millers
The Ghana Rice Millers Association of Ghana says the 50% reduction in benchmark values did not benefit the consuming public and is therefore calling for it to be scrapped. According to the group, the rebate government introduced only enriched importers and did not reflect a reduction in the price of goods on the market. Yaw…
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We’re taking stringent measures to stop bird flu in Ghana – Agric Minister
The Minister for Food and Agriculture, Dr. Owusu Akoto Afriyie, has assured that the government is taking stringent measures to contain the spread of the H5N1 avian virus, also known as Bird Flu. He said the flu, which broke out in July, has so far affected nearly 110,000 birds. The Veterinary Services Directorate detected the…
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Ghana exported 70,052 metric tonnes of staple foods to neighboring countries in 2020
Ghana exported 70,052 metric tonnes of five different staple foods to neighboring countries last year. 2020 export figures The figures for each staple food are maize – 17,240 metric tonnes, rice- 322 metric tonnes, yam- 31,127 metric tonnes, plantain- 20,667 metric tonnes and soyabean- 697 metric tonnes. Minister of Food and Agriculture Dr. Owusu Afriyie…
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Accident victims to be paid GH₵6.2 daily for one year as temporary disability cover – NIC
Some provisions in the National Insurance Commission’s (NIC) new directives that place a ceiling on the amount of money accident victims should be paid as insurance claims will make life very difficult for victims. The new directives which are the subject of a lawsuit proposed that adult accident victims who cannot provide proof of income…
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Invest in clay bricks for construction of affordable houses and roads – PEF to government
The Chief Executive Officer of the Private Enterprise Federation, Nana Osei-Bonsu has called for investments into the clay brick industry to promote affordable housing and roads. Nana Osei-Bonsu advised that since clay exists in almost every region in Ghana, this makes it a viable business worth exploring. He said the source of raw material for…
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South Africa’s Massmart to sell 14 Game stores in East and West Africa
Massmart (MSMJ.J) is disposing of all its general merchandise Game stores in West and East Africa to stem losses in that struggling business. Reuters reports that the decision comes after the second-largest distributor of consumer goods in Africa reported a narrower half-year loss. Like its peer Shoprite Holdings (SHPJ.J), forays into African markets including Nigeria…
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CalBank has lowest average lending rate in Ghana – BoG
As average lending rates across Universal Banks continue to drop in the country, albeit marginally, some banks appear to have far lower average lending rates compared to their peers. In the past year, the country’s monetary policy rate, which informs the rate at which financial institutions lend to consumers and businesses, dropped from 14.5% in…
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RACE to help increase tax-to-GDP ratio to 20% – Oppong Nkrumah
Information Minister, Kojo Oppong Nkrumah, says the newly-launched Revenue Assurance and Compliance Enforcement (RACE) initiative is expected to increase Ghana’s revenue mobilization ratio to 20% of Ghana’s Gross Domestic Product. Ghana’s tax to GDP has, over the years, performed lower than the current average percentage in Sub-Saharan Africa. Currently, the country is doing a tax…
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Beware of fraudsters taking advantage of our 25th anniversary promo – MTN Ghana cautions
Telcos giant, MTN Ghana, has cautioned all its esteemed customers to guard against fraudsters who may pose as ‘middlemen’ working on MTN giveaways as it celebrates its 25-anniversary with a promo. While admonishing all its customers to be wary of fraudsters who would like to take advantage of unsuspecting subscribers, the company said its promotions…