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Author Archives: Lawrence Segbefia

Ghana’s diamond industry on its ‘knees’

diamonds

The volume of diamond produced in the country has reduced by 90 percent in the past decade. Although very low, the production of diamond has been heavily affected by the ban on small scale mining due to the fact that the sector is heavily dominated by small scale miners. With the ban, the mining of the precious mineral has dwindled. ...

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S&P raises Ghana’s rating to ‘B’

StandardPoors

Ratings agency, Standard and Poor’s has raised its long term ratings on Ghana to ‘B’ from ‘B minus’. The agency also says the outlook is stable for Ghana’s rating. A statement on the latest stance by S and P attributed the rise to improving banking sector stability as well as lower inflation. Standard and Poor’s explains that the improvement in ...

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RMG to Showcase High- yielding Hybrid Seeds at Pre-harvest Exhibition 2018

farm

RMG Ghana Limited, a major importer of agriculture hybrid seeds in Ghana is set to showcase its high quality seeds at the upcoming Pre-harvest Exhibition and Conference scheduled to take place at the Aliu Mahama Sports Stadium, Tamale from the 3rd to 5th of October, 20118. The high yielding hybrid seeds which are mostly maize and rice have been in ...

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China deals fit Ghana’s development agenda—Oppong Nkrumah

kojo

Minister for Information Designate, Kojo Oppong Nkrumah has defended government’s decision to partner with China in different economic agreements for exploiting natural resources for national development. According to him, the current global environment makes China one of the best partners to work with for economic gains. President Akufo Addo during a recent visit to China announced a number of deals ...

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China bauxite deal “old fashioned” model of exporting raw materials–Dr.Graham

Dr. Yao Graham

The Coordinator of the Third World Network, Dr. Yao Graham has cautioned government against rushing into agreements with powerful nations such as china that may lead to Ghana’s raw material being exported. He argued for example that, the model being adopted by the government in signing the two-billion dollar bauxite deal with China is not new but an old system ...

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Bank crisis: Your deposits are safe – UniCredit assures customers

unicredit-microfinance

The management of uniCredit has called on its customers to remain calm and ignore rumours that the firm is facing challenges following the consolidation of its sister company – uniBank- with others into the Consolidated Bank of Ghana (CBG). The BoG merged uniBank, Sovereign bank, Beige bank, Royal bank and Construction bank under the new name CBG. The merger, according ...

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Ghana scores average in new World Bank report

World-Bank-news

Ghana scored an average point in the World Bank’s Country Policy and Institutional Assessment (CPIA) index for the year 2017. The index, which captures four main areas including Economic Management, Structural Policies, Policies for Social Inclusion and Equity, as well as Public Sector Management and Institution, scored Ghana 3.6 on scale of one to six. The CPIA is a diagnostic ...

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Inflation for August increases 9.9 percent

Mr. Baah Wadieh, Acting Government Statistician

Inflation for the month August has increased to 9.9 percent from the 9.6 percent recorded in July. This represents 0. 3 percentage point increase. Inflation measures the rate of change in the general price level of goods and services over a period of time. There is more details in this report. Speaking at press briefing, Acting Government Statistician Baah Wadieh ...

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Gov’t cuts sod for construction of steel company under 1D1F

steel 4

The Ministry of Trade and Industry has cut the sod for the construction of a steel manufacturing company under government’s one district, one factory initiative(1D1F) in the Ningo Prampram District. The company, which is called B5 plus Ltd is injecting an amount of 80 million dollars into the project and is hoping to complete it by the first quarter of ...

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AlYah launches Ghana’s first satellite internet service

sate

A leading Satellite Communications company, Yah Sat has launched Ghana’s first ever satellite broadband internet service, YahClick. Unlike wireless and fibre internet which are often limited by geography and terrestrial conditions, this ground breaking technology will allow Ghanaians across the country experience fast and reliable internet connectivity. The service delivers upstream and downstream data to and from a computer through ...

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