Tag: Ghana Business News
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Improve living conditions of ageing cocoa farmers – Chief to government
Nana Bekoe Ahwireng, Chief of Mpaem in the New Juaben North Municipality, has called for a critical look at the living conditions of ageing cocoa farmers and make the industry attractive to young people. “The cocoa industry is full of elderly people and the youth are hesitating to go into it because the living conditions…
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FDA collaborates with GEPA to boost export trade
The Food and Drugs Authority (FDA) has welcomed the collaboration with the Ghana Export Promotion Authority’s Impact Hub initiative which is intended to provide relevant trade information to the Ghanaian export community to boost the country’s export trade. The facility christened the GEPA Impact Hub, and located at the African Trade House, Headquarters of AfCFTA…
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Mawuli Ocloo to speak at Africa Revenue Summit 2021 in Nigeria
Sales Expert and the Chief Sales Partner at Salesmark Services, Mawuli Ocloo will deliver a keynote address on the topic: “Designing a Modern Sales Process for Growth” at the annual African Revenue Summit (AFRES) 2021 slated for the 4th and 5th June 2021 in Lagos, Nigeria. Under the theme: Scaling Growth, Optimizing Margins, Africa Revenue Summit 2021…
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Don’t fish in restricted zones – Petroleum Commission to fishermen
The Petroleum Commission has appealed to the fishing community to abide by the laws that prohibit them from fishing within marked areas around the country’s oil fields in order to protect their lives as well as avoid any potential damage to the country’s oil fields. The call according to the Commission forms part of efforts…
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Finance Minister justifies establishment of Development Bank Ghana
Finance Minister, Ken Ofori-Atta, has defended the government’s decision to set up the Development Bank Ghana (DBG). The Minister says the Bank is a major part of the GHS100 billion CARES ‘Obaatampa’ programme aimed at dealing with the devastating economic effects of the COVID-19 pandemic. “DBG is a key pillar in our efforts to quickly…
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COVID-19 affected upstream oil and gas sector in 2020 – PIAC
The Public Interest and Accountability Committee (PIAC) says the outbreak of the COVID-19 pandemic and its associated shocks on the economy and major industry actors proved challenging to upstream oil and gas operations in 2020 compared with 2019. PIAC said the outbreak and effect of the COVID-19 pandemic brought some uncertainties in the global upstream…
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ECG’s 8-day ‘dumsor’ schedule ends today – Energy Minister
The Minister for Energy, Dr. Matthew Opoku Prempeh, is confident the load shedding exercise in communities that receive electricity from the Pokuase Bulk Supply Point will end today as scheduled. Last week, the Electricity Company of Ghana rolled out an eight-day power outage schedule for some parts of the national capital to enable it undertake…
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National Development Bank to commence operations by July ending – Ofori Atta
The National Development Bank is set to commence operations by the end of July 2021. This is according to the Finance Minister, Ken Ofori-Atta. According to him, government has now been able to raise the required seed capital of over 500 million dollars for the financial institution to fully begin operations. It will be recalled…
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OMCs likely to implement tax-induced price adjustments from May 4 – COPEC
It appears most Oil marketing companies are yet to adjust upwards their prices of fuel in the national capital, Accra two days after the set implementation date for the newly introduced taxes. The government during the presentation of the 2021 Budget Reading introduced some taxes including the Energy Sector Recovery Levy of 20 pesewas per…
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Salaries of almost 800,000 workers were slashed due to COVID-19 – TUC
Almost 800,000 workers in the formal and informal sectors had their salaries slashed, following the outbreak of COVID 19. The Secretary-General of the Trades Union Congress (TUC), Dr. Anthony Yaw Baah, who made this known, said the pandemic has also affected businesses. “In terms of the direct impact of COVID-19 on incomes, 46.1 percent of…