Category: Top Stories
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COCOBOD to introduce electronic scales to prevent LBCs from tampering with weighing devices
The Ghana Cocoa Board (COCOBOD) says it will, in the coming months, introduce digital scales for weighing cocoa beans in Ghana. This move according to COCOBOD will curb the practice where Licensed Buying Companies (LBCs) and Purchasing Clerks (PCs) adjust their scales to cheat cocoa farmers. “The decision to introduce the electronic scale was to…
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Elizabeth Ohene appointed as Board Chair of SSNIT
The President, Nana Addo Dankwa Akufo-Addo has appointed Madam Elizabeth Ohene as the new Board Chair of the Social Security and National Insurance Trust (SSNIT). The one time former Minister of State under the Kufour regime will replace Dr. Kwame Addo Kufuor who served as Board Chair from 2017 to 2020. Madam Elizabeth Ohene who…
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GNPC’s plan to increase stake in Aker and AGM troubling – CSOs
News of efforts by the Energy Ministry to get Parliament to give them, along with the Ministry of Finance the mandate to agree on a purchase price with Aker Energy and AGM, in connection with plans by the Ghana National Petroleum Corporation (GNPC) to acquire stakes in the two oil and gas companies, has generated…
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Bank of Ghana revises mergers and acquisitions directive
The Bank of Ghana still reserves the sole right to approve any merger, acquisition or transfer of shares and stakes in any regulated financial institution. This is according to the new directives on Mergers and Acquisitions issued by the Central Bank. Under the new set of directives, the Bank of Ghana draws heavily on its…
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Some fertilizer suppliers yet to receive money released by government – Peasant Farmers
The Peasant Farmers Association says the government is employing a delayed approach in settling debts owed fertilizer suppliers in the country. This comes after the Minister for Food and Agriculture, Dr. Owusu Afriyie Akoto, told Parliament on Thursday, August 5, 2021, that GHS260 million had been released to pay fertilizer suppliers under the Planting for…
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Akufo-Addo appoints Farouk Mahama as Board Chair for Ghana Integrated Iron and Steel Corporation
The President, Nana Addo Dankwa Akufo-Addo, has appointed the Member of Parliament for Yendi in the Northern Region, Farouk Aliu Mahama, as the Board Chair of the Ghana Integrated Iron and Steel Corporation. President Akufo-Addo made the announcement on Saturday, August 7, 2021. According to the President, Mr. Mahama is expected to ensure that the…
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CSOs petition Parliament over GNPC’s move to acquire stakes in Aker Energy, AGM Petroleum
A group of civil society organisations working in the extractive industry are calling on Parliament to reconsider the planned acquisition of stakes in Aker Energy and AGM Petroleum Ghana oil blocks by the Ghana National Petroleum Corporation (GNPC). The group made up of 15 civil society groups, said the possible merits of the deal “cannot…
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Government to set up National Housing Authority to bridge housing deficit
The Ministry of Works and Housing says processes have begun to set up a National Housing Authority (NHA) to lead the supply side of the housing market. Available research continues to highlight housing as the key to the development of any economy, as it provides core security to families, societies, and communities while promoting sustainable…
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Inaccurate data could hamper Ghana’s Credit Reporting System – Banking Consultant
Banking consultant Nana Otuo Acheampong has charged the Bank of Ghana and institutions participating in the Credit Reporting System (CRS) to ensure accuracy in the data they collect. According to him, poorly kept records could lead to innocent borrowers being rated unfairly by lenders. The remarks come on the back of the announcement of the…
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Formulate policies to restore Ghana’s forest cover – Lands Minister to Forestry Commission Board
The Ministry of Lands and Natural Resources has tasked the newly inaugurated 11-member Forestry Commission Board to help to restore the country’s forest cover. The country boasted of some 8.2 million hectares of forest in 1900, however, this figure has depleted considerably with the world at large also battling climate change due to some human…