Business News of Saturday, 11 January 2025 Disclaimer Source: thebftonline.com Cocoa   The local cocoa industry is bracing for significant shifts this year as market dynamics and regulatory pressures converge. Analysts’ projections at the beginning of the final quarter of 2024 suggested cocoa prices could rise to as high as US$9,600 per metric tonne (pmt) in 2025, due to tight global ...

Business News of Friday, 10 January 2025 Source: www.ghanaweb.com Minister-Designate for Energy, John Jinapor As part of efforts to address inefficiencies and stabilize the power sector, Minister-Designate for Energy, John Jinapor, has directed the Electricity Company of Ghana (ECG) to immediately cease all payments to suppliers. Jinapor warned ECG employees, particularly those in the financial directorate, that there would be serious ...

Business News of Saturday, 11 January 2025 Disclaimer Source: bloomberg.com Cocoa is a key export commodity for Ghana   Cocoa futures surged, reversing losses from the prior session, on news that chocolate maker Hershey Co. is seeking permission for a large purchase through the New York exchange. The most-active contract rose as much as 10.1% in New York on Thursday. Prices ...

Business News of Friday, 10 January 2025 Source: www.ghanaweb.com   Chief Executive of Dalex Finance, Joe Jackson The Chief Executive of Dalex Finance, Joe Jackson, has noted his anticipation for the 2025 budget and how it will affect the business environment. According to him, the proposed removal of certain taxes that will be present in the budget will show how the ...

Business News of Thursday, 9 January 2025 Disclaimer Source: GNA President Mahama has emphasised the need to reform the energy sector Ghana is ready to renegotiate with the United States (US) Government for possible reinstatement of $190 million under the Millennium Challenge Corporation (MCC), that had been devoted to the electricity sector. President John Dramani Mahama disclosed this during a courtesy call on ...

Business News of Thursday, 9 January 2025 Disclaimer Source: mynewsgh.com Kofi Bentil, Vice President of IMANI Africa Kofi Bentil, a Vice President of the policy think tank IMANI Africa, has described the E-Levy as the most hated tax he has ever encountered. The E-Levy is a tax imposed on all electronic money transfers, except those explicitly excluded by law. The Electronic ...

Business News of Thursday, 9 January 2025 Source: www.ghanaweb.com President John Dramani Mahama In a bid to address financial mismanagement, inadequate service delivery, and inefficiencies in the energy sector that may have dire consequences for Ghanaians, President John Dramani Mahama has announced that the government is considering the privatization of Ghana’s power distribution company, the Electricity Company of Ghana (ECG). This move aims ...

Business News of Monday, 6 January 2025 Source: www.ghanaweb.com   Ghanaian cedi and US dollar notes Databank Research has unveiled its 2025 economic projections for Ghana, presenting an optimistic outlook for the country’s currency. According to the report, the Ghanaian cedi is expected to end 2025 at approximately GH¢17.70 to the US dollar, with a margin of error of ±GHp20. This ...

Business News of Wednesday, 8 January 2025 Disclaimer Source: mynewsgh.com Herbert Krapa, Former Energy Minister Former Energy Minister Herbert Krapa has called on the National Democratic Congress (NDC) government to provide an uninterrupted power supply for the people of Ghana. According to him, the current administration has no excuse for failing to deliver consistent electricity, as the previous government successfully did ...

POSTED BY admin POSTED IN News Ghana’s Vice-President Mahamudu Bawumia has been appointed to the Board of the Global Partnership for Sustainable Development Data, a release received here Monday said. Bawumia therefore left Accra on Sunday for the UN Headquarters in New York where the board is based to participate in a two-day meeting. The Global Partnership for Sustainable Development Data (GPSDD) ...