Category: Top Stories
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Farmers call for improved services from Ghana Commodity Exchange
The existing price gap between the open market and that of Ghana’s Commodity Exchange platform is one of the many challenges hampering the smooth operations of the later’s platform. According to stakeholders like the Peasant Farmers Association of Ghana, such teething challenges must be addressed before the scaling up of the platform. The farmers believe…
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Ghana mulls Africa’s first social bonds with $2 billion sale
Ghana is planning to issue green and social bonds of up to $2 billion by November, which would make it the first African country to sell debt to fund development programs. This is according to Bloomberg. The West African economy, which is planning to borrow up to $5 billion on international markets this year, would…
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Foreign investment inflows helped cedi’s stability in first half of 2021 – Economist
Economist, Courage Martey, has lauded the cedi’s performance so far this year. Ghana’s local currency has remained fairly stable in the first two quarters of 2021, experiencing a depreciation of less than one percent against the US Dollar between January and June. According to Mr. Martey, the stability of the currency can be attributed to…
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2nd edition of Development Finance Series on DBG slated for July 6
The second edition of the Development Finance Series on the establishment of the Development Bank Ghana (DBG) will come off on Tuesday, July 6, 2021, at the University of Professional Studies, Accra (UPSA). This follows the highly successful first edition, which focused on the Role of the Development Bank in Ghana’s Economic Transformation. The theme…
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Bank of Ghana still working to introduce digital currency – Deputy Governor
Plans are far advanced for the Bank of Ghana to introduce a digital currency, according to a Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi. Last month, the central bank announced plans to start a three-phased pilot of the currency to determine its feasibility and subsequent circulation. Speaking to the media at a…
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GhQR was designed to replace more expensive payment systems – Archie Hesse
Chief Executive of the Ghana Interbank Payment and Settlement System, Archie Hesse, says the GhQR code payment service has been designed to replace the relatively more expensive payment systems found in shopping centres across the country. The GhQR code system of payment is a contactless mode of payment involving the scanning of a QR code…
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GSE likely to record first positive yearly return since 2017 – Analyst
A continuous easing of COVID-19 related restrictions will see the Ghana Stock Exchange (GSE) ending the year 2021 on a positive note, the first time since 2017. That’s according to the General Manager of UMB Stockbrokers, Ben Ackah. For the past decade, the Ghana Stock Exchange Composite index (GSE-CI) which reflects the average performance of…
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GSE returns 36% in Cedi terms to investors in first half of 2021
After recording negative returns from 2018 to 2020, the Ghana Stock Exchange has taken a strong positive turn, returning about 36% in Cedi terms for investors in the first half of 2021. During the same period last year, the stock exchange returned about -16% to investors. The strong performance can be attributed mainly to a…
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Ekumfi Fruit Juice factory hasn’t collapsed – Management
The management of the Ekumfi Fruit and Juices Factory at Ekumfi Nanaben in the Central Region has dispelled rumours that the company has collapsed. Although it said its operations were affected by climate change, management says the factory is still producing on a large scale, adding that there are plans to introduce some new…
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Tourism Chamber welcomes GHS55 million allocation to sector
The Chamber for Tourism Industry Ghana has indicated that news of a GHS55 million injection into the tourism industry is a welcoming one as it will significantly boost the fortunes of the sector. Earlier this week, the Minister of Tourism, Arts and Culture, Ibrahim Mohammed Awal announced that the amount which is from the World…