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We were not rejected by international banks – COCOBOD replies Minority

The Ghana Cocoa Board (COCOBOD) has strongly refuted allegations that it was turned down by international banks while seeking a $1.5 billion loan for...

New Shippers Authority Law will promote welfare of traders – GUTA

The Ghana Union of Traders Association (GUTA) has welcomed the newly passed Ghana Shippers’ Authority (GSA) Law, saying it will offer the Authority “the...

COCOBOD struggled to payback last year’s syndicated loan – Dr Jasaw discloses

The Deputy Ranking Member on Parliament's Food and Agriculture Committee, Dr Seidu Jasaw, has revealed that COCOBOD encountered serious challenges in repaying last year's...

COCOBOD unable to produce cocoa to meet international obligations – Ato Forson

The Minority Leader in Parliament, Dr. Cassiel Ato Forson, has raised serious concerns about COCOBOD's ability to fulfill its international obligations. According to Dr. Forson,...

LPG Marketers assure of no shortage of LPG

The Liquefied Petroleum Gas (LPG) Marketers Association has assured the public that there will be no shortage of LPG despite their decision to boycott...

The People’s Forum: Opera Square traders protest planned eviction

Traders at the Opera Square business hub in Accra are protesting against an alleged eviction, amid redevelopment plans. They claim the area has been sold...

Don’t assent Ghana Shippers’ Authority Act – GUTA tells Akufo-Addo

The Ghana Union of Traders' Association (GUTA) has called on President Nana Addo Dankwa Akufo-Addo to delay his approval of the Ghana Shippers’ Authority...

We’ll return to Atuabo Gas on August 26 – LPG Marketers tells NPA

The Liquified Petroleum Gas (LPG) Marketers Association has indicated that it will return to the Atuabo Gas Processing plant on August 26, 2024, to...

NPA engaged in ‘unfortunate and deliberate’ attempts to tarnish reputation of LPG refill stations – Stakeholders

The LPG Marketers Association of Ghana and the Ghana LPG Operators Association (GLIPOA) have accused the National Petroleum Authority's (NPA) Communications Manager, Mohammed Abdul-Kudus,...

NPA revokes licenses of 13 OMCs over debts owed several industry regulators

The National Petroleum Authority (NPA) has revoked the licenses of 13 Oil Marketing Companies (OMCs). It follows the inability of the firms to settle debts...

Dangote refinery set to start gasoline output

Nigeria's 650,000-barrel-per-day Dangote refinery is undergoing test runs for gasoline production, with full operation expected by mid-September, according to a note by industry monitor...

#BringBackGNBank campaign hits the North

The second phase of #BringBackGNBank national tour has commenced in the northern part of Ghana with a call on the ruling government to reinstate...

IEA calls for policy ensuring all gov’t appointees pay for electricity consumed

The Institute of Economic Affairs(IEA) is calling for a policy that will ensure that all government appointees pay for their domestic electricity usage. In a...

Producer Price Inflation shoots up to 29.1% in July 2024

The Producer Price Index (PPI) rate for July 2024 was 29.1%, a 3.5 percentage point increase over that of June 2024. The month-on-month change in...

LPG marketers boycott not targeted at Atuabo Gas – LPGMCs

The LPG Marketing Companies Association of Ghana (LPGMCs) has rejected assertions by the National Petroleum Authority that the move to cease business relations with...

Cocoa jumps to one-month high as Ghana trims output forecast

Arabica coffee futures climbed for the sixth straight day in New York following renewed concerns over cold weather in top producer Brazil. Low temperatures are...

Check out the 44 Oil Marketing Companies that owe nearly GH₵60m in levies to BOST

Forty-four oil marketing companies have defaulted on their obligation to remit levies owed to the Bulk Energy Storage and Transportation Limited (BEST), formerly known...

International Banks rejected COCOBOD’s loan request to purchase cocoa for 2024/25 crop season – Minority

The Minority in Parliament has raised concerns over COCOBOD's financial health, claiming that international banks have rejected the organisation's request for a loan to...

44 oil marketing companies ‘vanish’ with nearly GH₵60m levies owed to BOST

National security is pursuing directors of 44 oil marketing companies that have disappeared with nearly GH₵60 million in levies owed to the Bulk Oil...

Listing Graphic on stock market better option – NMC

The Chairman of the National Media Commission (NMC), Yaw Boadu-Ayeboafoh, has described the recapitalisation of the Graphic Communications Group Ltd. (GCGL) through an initial...

Scrap duty on essential commodities – FABAG to govt

The Food and Beverages Association of Ghana (FABAG) has urged the government to eliminate all duties on essential commodities imported into the country. This appeal...

Food security: Delay in rainfall impacting farmers efforts

Farmers in the country are growing increasingly desperate due to the delay in rainfall this year. This is severely affecting their efforts, particularly in the...

COCOBOD announces date for 2024/2025 crop season

The Ghana Cocoa Board (COCOBOD) has announced September 1 as the start date for purchasing cocoa for the 2024/2024 main crop season. The Chief Executive...

SSNIT pays GHȼ447m to over 250K pensioners for August 2024

The Social Security and National Insurance Trust (SSNIT) has disbursed a total of GHȼ447 hardware, comprising GHȼ447.07 million to 250,580 pensioners for August 2024. The...

Finance Minister fears food inflation may soar due to delayed rains

The Finance Minister, Mohammed Amin Adam (MP), has expressed concern that the delay in rains and its impact on crops could lead to a...

Used car dealers call on govt to slash 50% port duty

Used car dealers in the country are pleading with the government to reduce the duties paid at the port when importing vehicles to enable...

Forensic audit of BOST saved Ghana $28m – Provencal

The Chief Executive of Bulk Energy Storage and Transportation Limited (BEST), Dr Edwin Provencal, has revealed that a forensic audit he initiated since his...

Access Bank Ghana plc celebrates 15 years of ‘more than banking’

Access Bank (Ghana) Plc is marking 15 years of pioneering banking in Ghana, celebrating a journey of growth, innovation, and excellence. Over the next 12...

Bawumia’s proposed tax amnesty solution for today’s problems – GUTA

The Ghana Union of Traders' Associations (GUTA), has expressed satisfaction with the proposed tax reforms and amnesty by the New Patriotic Party (NPP) flagbearer,...

Cedi stability: Build 6 months of reserves, exhibit fiscal prudence – IEA to BoG, government

The Institute for Economic Affairs (IEA) has urged the Bank of Ghana to progressively build its reserves to at least six months of import...

NPP Manifesto: Bawumia lacks understanding of flat rate policy – Importers Association

The Executive Secretary of the Importers and Exporters Association, Sampson Asaki Awingobit, has criticized the flagbearer of the New Patriotic Party (NPP), Dr Mahamudu...

Bond market: Total turnover surged by 136.59% to GH¢2.1bn

Trading activities in the secondary market experienced a notable rebound last week. Total volume traded reaching GH¢2.1 billion and a transaction count of 127, marking...

High COCOBOD expenditure: CEO defends increase in administrative spending [Video]

The Ghana Cocoa Board (COCOBOD) has stated that the increase in its administrative expenditure for the year 2023 is due to the rehabilitation of...

Abena Osei-Asare resigns from ADB

Agricultural Development Bank PLC (ADB) has announced the resignation of Abena Osei-Asare, Minister of State at the Finance Ministry, as a non-executive director, effective...

Northern Ghana drought: Irrigating a hectare of farmland costs $40,000 – GIDA

The Ghana Irrigation Development Authority (GIDA) has revealed that developing an irrigation scheme for just one hectare of farmland now costs approximately $40,000. The Acting...

Remittances generate more revenue than gold and cocoa – Dr. Atuahene

Banking and Finance analyst, Dr. Richmond Atuahene says Ghana's inflow from remittances is higher compared to cocoa, oil and even gold. This according to him...

We are ready to reduce fuel prices if cedi is stable – Petrosol CEO

Some Oil Market Companies (OMCs) say they will reduce the prices of fuel at the pumps if the cedi continues to show signs of...

Cedi holds steady against dollar; one dollar going for GH¢15.90

The Ghana cedi held steady against the US dollar last week as soft US inflation data caused the American greenback to weaken against a...

Gov’t to reintroduce electricity VAT again if…

The International Monetary Fund (IMF) has disclosed that government may introduce the suspended 15 percent value-added tax (VAT) on electricity if inflation rate continues...

Auditor General flags BoG, Minerals Commission, others for unreported gold tax revenues

The Auditor General has flagged the Controller and Accountant General, the Bank of Ghana, the Ghana Revenue Authority (GRA), and the Minerals Commission for...