Category: Top Stories
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COCOBOD to invest in irrigation facilities to increase yield
Ghana’s cocoa sector is set to benefit from irrigation facilities that will help increase yield. This according to the COCOBOD CEO, Joseph Boahen Aidoo, will ensure year-round production and harvest of the cash crop. Even though the country has not paid enough attention to irrigation over the years, the country has still recorded high yields,…
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High cost of building materials will adversely affect rent – Construction Chamber
The Ghana Chamber of Construction Industry is warning that Ghanaians are likely to struggle to rent and acquire houses in the near future, if nothing is done to halt the unusual rise in the price of building materials. This follows calls made by former Deputy Finance Minister, Kwaku Kwarteng to Parliament, for the house to…
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GIZ Ghana organizes forum for MSMEs on accessing finance
GIZ Ghana, through its Reform and Investment Partnership project, the Migration and Employment Promotion component and Financial System Development component under the Programme for Sustainable Economic Development, and the Special Initiative for Training and Job creation (SI Jobs) programme, held a two-day forum dubbed, “Access to Finance”, from 30 June – 1 July in Takoradi,…
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We’re hoping for survival of Ghana’s new Development Bank – AGI
President of the Association of Ghana Industries (AGI), Dr Yaw Adu Gyamfi has expressed confidence in the sustainability of Ghana’s development bank. According to him, the development bank will serve as a panacea for addressing long term financing challenges experienced by local industries. The Government of Ghana in partnership with the European Investment Bank, and…
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Mining sector road rehabilitation project launched to address issues in sector
Roads leading to mining communities in the country will soon see a facelift following the launch of the Mining Sector Road Rehabilitation project. The project, which was started in 2017, is supposed to coordinate the renovation and advancement of road infrastructure in mining enclaves across the country. Speaking at the launch, the Coordinator of the…
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Parliament must probe ‘unusual’ high cost of building materials – Kwaku Kwarteng
A former Deputy Finance Minister, Kwaku Kwarteng has charged Parliament to look into the reasons behind the recent hikes in the prices of building materials such as sand, stones, cement, iron rods and the likes. Some building contractors in the past few months have been lamenting the continuous toll the price hikes on building materials,…
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GUTA intensifies efforts to insure businesses against fire outbreaks
The Ghana Union of Traders Associations (GUTA) is working to ensure effective collaboration between Metropolitan, Municipal and District Assemblies (MMDAs) and the National Insurance Commission (NIC) regarding the compulsory fire insurance policy for commercial buildings. This comes on the back of a number of fires that recorded in some markets across the country leading to…
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Deputy GSE boss endorses establishment of Development Bank Ghana
A leading investment banker and Deputy Managing Director of the Ghana Stock Exchange, Abena Amoah has endorsed the approach being used for the establishment of the Development Bank Ghana. Madam Amoah, speaking as part of a development finance series organised by Citi TV and Citi FM in collaboration with the research and consultancy Centre of…
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Hotels association welcomes government’s $55 million grant but raises concerns with disbursement
The Ghana Hotels Association has stated that it is elated about the news of an expected $55 million grant to boost the tourism sector amid the impact of the COVID-19 pandemic. President of the Ghana Hotels Association, Dr Edward Ackah, indicated that “in this COVID-19 era, any form of support to an industry that has…
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Tourism sector is key to implementation of AfCFTA – Chamber for Tourism
The Chamber for Tourism Industry Ghana has stated that the sector is instrumental in the implementation of the African Continental Free Trade Area (AFCFTA) agreement. Chief Executive Officer of the Chamber, Prince Ntiamoah Boampong stressed that “One of the sectors that will play a major role in this free trade is the tourism sector because…