Category: Top Stories
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Agricultural Development Bank supports agribusinesses in Ghana
Many Ghanaians heaved a sigh of relief when the government introduced the One District One Factory (1D1F) initiative, which is aimed at building strong value-addition-oriented companies as well as reducing the unemployment rate in the country. Although some private companies have received some forms of support under the initiative, many have not received the support…
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Fertilizer smuggling seriously affecting rice production in northern Ghana – Peasant Farmers
The Peasant Farmers Association of Ghana is lamenting the growing incidents of fertilizer smuggling in the country. According to the association, the development is affecting the production of various commodities, especially rice. The Head of programmes and Advocacy, Charles Nyaaba, in an interview on the Citi Breakfast Show, said the smuggling is prevalent in the…
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#CitiBusinessFestival: Don’t be absentee farmers – Prof. Sottie cautions agribusiness entrepreneurs
Prospective agribusiness investors in Ghana have been cautioned against deferring the management and supervision of their farms completely to local farmers without frequenting the farms themselves. According to Professor Edmund Sottie, a Principal Research Scientist at the Animal Research Institute of the Centre for Scientific and Industrial Research (CSIR), there is a greater risk of…
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Citi Business Festival enters week 3; focuses on agribusiness
Ghana imports about $2 billion worth of food and food products into the country annually. With a youthful population, swathes of arable land, water sources and favourable climatic conditions, Ghana should be able to produce enough of all its food needs for local consumption and even more for export. Against the aforementioned background, the Citi…
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Tullow oil & partners to invest additional $4.2 billion in Jubilee and TEN fields
Tullow Oil and its partners are set to invest over $4 billion dollars into the Jubilee and TEN fields focusing on new wells and infrastructure over the next 10 years as part of an ambitious ‘Value Maximization Plan’ that is expected to deliver consistent revenue and value to Ghana. This was disclosed by the Chief…
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Take advantage of agribusiness opportunities – Ofori-Atta advises youth
The Minister of Finance, Ken Ofori-Atta, has advised the youth to take advantage of the agribusiness opportunities and manufacturing and link up with these employment-generating institutions for assistance in order to make a living for themselves and their peers. “Let us begin to understand that it is possible for us to be employers. This is…
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Eat Ghana Rice campaign: Farmers record hike in sales almost two years on
Local rice farmers seem to be enjoying a boom in sales, almost two years after Citi FM/ Citi TV embarked on a massive campaign to whip up interest in the patronage of local rice. Speaking to Citi Business News, the Head of Programs and Policy at the Peasant Farmers Association of Ghana, Charles Nyaaba, lauded…
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Post COVID-19 economic recovery: Stakeholders optimistic about MSME sector
As things begin to return to normal a year after the outbreak of the COVID-19 pandemic, stakeholders are hopeful of a quick and strong recovery in the various sectors of the economy. Micro, Small and M-sized Enterprises (MSMEs) in Ghana face higher credit constraints as banks lend to a limited number of firms and prioritize…
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Ameri deal: Contract sum reduced by 13% after renegotiation – Amin Adam
A Deputy Minister-designate for Energy, Dr. Mohammed Amin Adam, says the committee tasked by President Nana Addo Dankwa Akufo-Addo to renegotiate the contract sum of the Ameri power agreement succeeded in getting the amount reduced by 13%. He said the committee also managed to secure a favourable payment term for a $90 million amount that…
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Gold production output expected to rebound by 16% in 2021
The Ghana Chamber of Mines is confident gold production by its members will increase by over 15 percent in 2021 after declining by about 5 percent in 2020 due to the impact of COVID-19. Overall gold production in Ghana declined by 12.1% in 2020, the highest year-on-year decline since 2004. During his presentation at the…