Business

Ghana, official creditors discuss cut-off date for debt restructuring – Sources

Business News of Saturday, 16 September 2023 Disclaimer Source: Reuters   Finance Minister, Ken Ofori-Atta Ghana and its official creditors are negotiating cut-off dates for which new loans should be excluded from a restructuring of the country’s overseas debt, two sources familiar with the matter said. Dates in December 2022 and March 2020 were under consideration in recent meetings of the ...

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There is no existence of Mahama’s Cocoa Fund established for farmers’ pension – COCOBOD

Joseph Boahen Aidoo, COCOBOD Chief Executive Officer Joseph Boahen Aidoo, the Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), has dismissed claims of the existence of a Cocoa Fund, allegedly established by former President John Mahama during his presidency to serve as a pension scheme for cocoa farmers. According to Mr. Aidoo, not only was this fund non-existent, but ...

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Tullow PLC Board Chair commends energy minister’s leadership on Jubilee South East First Oil

Business News of Sunday, 10 September 2023 Dr. Mathew Opoku Prempeh speaking at event Board Chairman of Tullow PLC, Phuthuma Nhleko has commended the energy minister, Dr. Matthew Opoku Prempeh for the outstanding leadership for his efforts towards ensuring the realization of the first oil from the Jubilee South East Area of the Greater Jubilee Field. According to Mr. Nhleko, ...

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Government increases price of cocoa per bag from GH¢800 to GH¢1,308

Business News of Sunday, 10 September 2023 Source: starrfm.com.gh Cocoa farmers on the farm President Akufo-Addo has officially announced a significant increase in the farm gate price of cocoa beans, raising it from GH¢800 to GH¢1308 per bag for the upcoming cocoa season. During the opening of the 2023/2024 cocoa season in Tepa, located in the Ashanti region, President Akufo-Addo revealed ...

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Schengen Visa: Some necessary information you must not ignore

Business News of Sunday, 10 September 2023 Source: www.ghanaweb.com File Photo In the last few months or even years, many Ghanaians have emigrated in search of greener pastures in foreign countries. This was not worrying until the Ghana Health Service started beating the drums on how their members abandoned their posts for the same adventure; greener pastures. If you have been ...

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NDC MPs betray John Jinapor over Genser Energy deal

Business News of Monday, 21 August 2023 Source: theheraldghana.com Ranking Member of Mines and Energy Committee in Parliament, John Abdulai Jinapor The Ranking Member on Parliament’s Mines and Energy Committee has been left alone to fight the chairman, Samuel Atta Akyea, as he distances himself from the contents of the Genser Energy and Ghana National Petroleum Corporation (GNPC) Sales Agreement Report. The ...

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German Amb sets record straight on reports of Ghana’s expenditure reduction during World Bank Loan request

Business News of Friday, 11 August 2023 Source: www.ghanaweb.com   The German Ambassador to Ghana, Daniel Krull The German Ambassador to Ghana, Daniel Krull, has set the record straight regarding reports suggesting his stance on Ghana’s expenditure reduction during the World Bank loan request process, in an article published on February 25, 2023. In the initial article published across various media ...

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BoG’s net equity expected to improve overtime; return to positive territory – IMF

Business News of Friday, 11 August 2023 Source: www.ghanaweb.com   The International Monetary Fund The International Monetary Fund has called on the Bank of Ghana to ensure its policy mandates are upheld and implement stringent measures to tame inflation back to its designated target of 8-percent. In a post captured on its website, the IMF said the Bank of Ghana’s income is however expected to be ...

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Otumfuo destools chief of Bekwai-Abodom over ‘abandonment’ of stool, galamsey

General News of Friday, 11 August 2023 Source: www.ghanaweb.com play videoHis Majesty Otumfuo Osei Tutu II Otumfuo Osei Tutu II, the Asantehene, has destooled Nana Saforo Koto, the Chief of Bekwai-Abodom. The destoolment is as a result of Nana Saforo Koto’s inability to defend himself against nearly 20 charges presented by concerned residents within his community. The charges against him predominantly ...

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FULL TEXT: What IMF said about BoG’s GH¢60 billion DDEP-induced loss

Business News of Friday, 11 August 2023 Source: www.ghanaweb.com   The International Monetary Fund The International Monetary Fund (IMF) has justified the Bank of Ghana’s GH¢60 billion impairment loss recorded in the 2022 fiscal year. The Bretton Wood institution in a post captured on its website about Ghana on August 10, 2023 said there is no cause for alarm. It upheld the position that ...

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