Category: Top Stories
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Ghana needs innovative solutions to unlock agricultural potential – GIRSAL CEO
Ghana’s agribusiness sector still faces significant challenges, according to Kwesi Korboe, the Chief Executive Officer of GIRSAL. Contributing to a panel discussion on the Citi Business Festival on Tuesday, June 27, Mr. Korboe said while progress has been made, there is still a long way to go to fully unlock the potential of agriculture in…
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Ghana must adopt clear agrarian policy to increase agricultural production – Prof. Kanton
A former Research Scientist at the Savannah Agricultural Research Institute (SARI) of the Council for Scientific and Industrial Research (CSIR), Professor Roger Kanton, is advocating for the implementation of a comprehensive agrarian policy in Ghana. This policy, he says is crucial for enhancing and expanding agricultural production in the country. Professor Kanton expressed concern about…
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MTN suspends July 1 new MoMo charges
Telecommunication giant, MTN has suspended its planned adjustments in Mobile Money (MoMo) charges scheduled to have taken effect from July 1, 2023. Earlier, the telco said transactions up to GH¢2,000 were to see a one percent charge and a flat rate of GH¢20 for transactions above GHS 2,000. But MTN now says the decision has…
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Ghana faces imminent power crisis as IPPs threaten shutdown over $1.73bn debt
Ghana is on the verge of a severe power crisis in the coming days if immediate measures are not taken to address an outstanding debt of $1.73 billion owed to the Independent Power Producers (IPPs). The IPPs have issued a renewed ultimatum, threatening to shut down their plants starting July 1, 2023, unless the government…
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Afreximbank’s digital platforms to boost trade and economic development
The Chairman and CEO of Oakwood Green Africa, Mr. Gabriel Edgal, has emphasized the transformative impact of Afreximbank’s digital platforms, including the MANSA and Pan-Africa Payment and Settlement Systems (PAPSS) platforms, on Ghana’s economic development and participation in intra-African trade. Speaking at a side event during the launch of the Africa Trade Gateway as part…
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USAID commits US$ 7 million to support Ghanaian smallholder farmers
As part of moves to address the bottlenecks associated with small scale farmers in rural Ghana, the U.S Agency for International Development (USAID) through the United Nations World Food Programme (WFP) is committing about US$ 7 million to provide vital support for the farmers. The funds which will be disbursed in two tranches through a…
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Ashanti Region: Tanker drivers declare sit-down strike
Tanker drivers belonging to the Ghana National Petroleum Tanker Drivers Union in the Ashanti Region have initiated a nationwide sit-down strike to draw attention to the deteriorating condition of roads leading to the Kumasi depot of the Bulk Oil Storage and Transportation (BOST). According to the drivers, the recent onset of heavy rains has further…
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MASLOC, Association of Small Industries sign MoU to strengthen collaboration
The Microfinance and Small Loans Centre (MASLOC) and the Association of Small Industries (ASSI) have signed a Memorandum of Understanding (MoU) to strengthen their collaboration. The MoU will serve as the foundation for MASLOC’s support of ASSI. Under the arrangement, ASSI will have access to digital credit facilities for its members, which will be provided…
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MoFA projects Ghana to be lead exporter of Soyabean by 2030
The Ministry of Food and Agriculture (MoFA) says it is working assiduously to make Ghana the lead exporter of Soyabean in the world by 2030. The Ministry projects to achieve this feat through the implementation of strategic measures in the soya bean production value chain ensure that the country meets its food security target through…
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Inflation targeting framework is still effective – BoG
The Bank of Ghana has reiterated its assertion that the inflation targeting mechanism is the most effective monetary policy formulation strategy to help to drive inflation down. This comes despite concerns by some experts that the IT framework had outlived its usefulness and cannot be effective against price pressures. Speaking at the launch of the…