Category: Top Stories
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COCOBOD signs agreement with Swiss Chocolate giant to process more Ghanaian cocoa
Ghana Cocoa Board (COCOBOD) has signed an agreement with Bühler of Switzerland, one of the world’s biggest cocoa processing and chocolate making companies, to process more of Ghana’s cocoa. As part of the agreement, Ghana will also benefit through training, product development and technology guidance to build its local capacity in cocoa processing and value…
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AOMC blames recent fuel price increase on hikes on global oil market
The Association of Oil Marketing Companies says the recent increase in fuel prices is due to a hike in the global oil market. Fuel prices at the pumps shot up from GHS6.05 to GHS6.23 over the weekend, an increase that many consumers have expressed concerns over. On the other hand, oil prices on the world…
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ECOWAS postpones implementation date for ‘Eco’ again; moved to 2027
After several postponements, West Africa’s 15-nation bloc- the Economic Community of West African States (ECOWAS), has once again postponed the implementation of its long-time dream of a single currency. The bloc over the weekend announced 2027 as the new date to launch the “Eco.” The Eco was first planned to be introduced in 2003 but…
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#CitiBusinessFestival: Virtual forum on AfCFTA comes off today
The fourth edition of the 2021 Citi Business Festival’s virtual fora comes off today, June 22, 2021. The panellists will delve deeper into the conversation on Trade, Export and the African Continental Free Trade Area (AfCFTA). The forum, scheduled to be held from 11:00 am to 1:00 pm, will be hosted by Citi News’ Vivian Kai…
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Citi Business Festival: SMEs urged to formalise to benefit from AfCFTA
Ghanaian entrepreneurs, who are upbeat about the future of their companies within the context of the African Continental Free Trade Area (AfCFTA), are being encouraged to ensure that their business entities are formalised in order to reap the full benefits of the agreement. The only way Small and Medium Enterprises (SMEs) can take advantage of…
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BoG must sanction banks that flout new directives on fees and charges – Banking Consultant
A Banking consultant, Dr. Akwasi Atuahene, has called on the Bank of Ghana to take action against financial institutions that fail to implement its new directives to stop deducting some charges and fees on the accounts of customers. The Central Bank in a statement on Friday, June 18, 2021, directed banks and Specialized Deposit-Taking institutions…
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African Development Bank to invest $3 billion in Africa’s pharmaceutical industry
In recognition of the devastating effects of the COVID-19 pandemic on African economies, the President of the African Development Bank, Akinwumi Adesina, says the bank is willing to help West African countries accelerate growth and development to ensure economic stability. Speaking at the opening of the 59th ECOWAS Heads of State and Authority summit in…
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We’ve listed 70% of structures nationwide ahead of 2021 census – GSS
The Ghana Statistical Service (GSS) has said that it has been able to list 70% of the estimated 11 million structures in the country in the past six days. According to Government Statistician, Prof. Samuel Kobina Annim this is part of the first phase of the 2021 Population and Housing Census. “The exercise is in…
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Citi Business Festival enters week four; focuses on trade, export and AfCFTA
The Citi Business Festival continues this week with conversations on Trade, Export and the African Continental Free Trade Area (AfCFTA). The AfCFTA presents a massive opportunity for Ghanaian businesses to take advantage of the huge African market. However, taking advantage of the opportunity is not straightforward. Ghanaian businesses need to become more competitive in different…
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Ghana has raised $780M in investment inflows from $3BN target for 2021 – Yofi Grant
“Ghana has so far raised $780 million in investment inflows out of its target of $3 billion for the year 2021,” the Chief Executive Officer of the Ghana Investment Promotion Center (GIPC), Yofi Grant, has said. Speaking at a press briefing in Accra on Sunday, June 20, 2021, Mr. Grant noted that the country’s Foreign…