Category: Top Stories
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1D1F: Akufo-Addo commissions Bodukwan multi-fruit processing factory
The President, Nana Addo Dankwa Akufo-Addo, has commissioned the Bodukwan Multi-Fruit processing Factory, a project operating under government’s One-District-One-Factory (1D1F) initiative. The fruit processing plant, which has an installed capacity of 72 metric tonnes per day, will process seven varieties of fruits and vegetables including mango, pineapple, watermelon, and tomatoes into concentrates for exports and…
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Akufo-Addo launches pension scheme for cocoa farmers
President Nana Addo Dankwa Akufo-Addo, on Tuesday, 1st December 2020, launched a pension scheme for the country’s 1.5 million cocoa farmers. According to President Akufo-Addo, “the Pension Scheme will enable cocoa farmers to make voluntary contributions towards their retirement, whilst COCOBOD makes a supplementary contribution on behalf of the farmers as well.” This, he explained,…
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Ghana, Ivory Coast to cancel all cocoa sustainability schemes of chocolate maker Hershey
Ghana and Ivory Coast, the world’s leading producers of cocoa have threatened to cancel all cocoa sustainability schemes that U.S.-based Hershey runs in these countries. Both countries according to Reuters have accused the chocolate maker of trying to avoid paying the cocoa premium known as the Living Income Differential (LID) which is aimed at combating…
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NEDS to improve standards, certification and conformity management in export
Over the years, Ghana’s export markets have become more sophisticated in their choices of what to buy as consumers now demand higher levels of quality, environmental sustainability, consistency and safety in the products. For highly-developed markets like the European Union and the USA, Ghana has had the unpleasant experience of suffering multiple alerts of quality…
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Energy Ministry begins community engagement for 20,000-acre petroleum hub
The Ministry of Energy has begun community engagement for the acquisition of 20,000-acre plot of land for the Petroleum Hub to be situated at Bonyere in the Jomoro Municipality. Technical Advisor for the proposed 12-year Petroleum Hub Development project, Dr. Eric Yeboah, says the hub is expected to attract about 60 billion worth of investment…
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SIC to pay GCB Bank claims after Saturday’s fire
SIC, the insurers of the GCB Bank Liberty House Branch at Katamanto in Accra have commenced processes to assess damage and pay claims as may be necessary to the company following a fire outbreak at the facility on Saturday. Speaking to Citi Business News, Head of Corporate and Special Risk at SIC, Emmauel Simpiney-Mensah said…
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Stakeholders in garment industry to boost sector through skills development
Stakeholders in the garment industry have intensified efforts in making the sector more attractive to the global market by equipping its members with the needed knowledge and skills. This aim is to be achieved through the Ghana Apparel Training and Service Centre which has been established at the Accra Technical Training College. The Centre, which…
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Hospitality business recording steady growth – Ghana Hotels Association
Business is gradually picking up with the many hotels across the country. This is according to the Ghana Hotels Association. The association attributes this development to the easing of some COVID-19 restrictions in the country. President of the Association, Dr. Edward Ackah-Nyamike, said the political season also may have contributed to this improvement in business.…
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NDPC Director-General bemoans effect of COVID-19 on growth rate
The Director-General of the National Development Planning Commission (NDPC), Dr. Kodjo Mensah-Abrampa, has lamented the impact of the COVID-19 pandemic on Ghana’s growth rate. The economy was initially projected to grow at 6.8 percent. But recently, the Finance Minister, Ken Ofori-Atta, due to the impact of the coronavirus pandemic cut the projected rate to 0.9…
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AfDB seeks more support for Ghana’s National Development Bank
With a little over a month for the National Development Bank of Ghana to commence operations, the outgoing Acting Country Manager of the African Development Bank, Sebastian Okeke, says his outfit is taking every step necessary to get more international financial institutions to support the funding of the bank. To support the establishment of the…