BUSINESS

The Peasant Farmers Association of Ghana (PFAG), has recommended a complete ban on the importation of rice into the country to secure the local rice industry. According them there was enough local capacity to meet the rice demand of the country and asked all government institutions to patronise local rice. While praising the government for the move to secure the ...

Newmont Goldcorp’s Ahafo Mine has been named Ghana’s Corporate Social Responsibility Organisation for the year 2018 by the Ghana Investment Promotions Center (GIPC). The company was awarded at this year’s Ghana Club 100 awards held in Accra recently under the distinguished patronage of the President, Nana Addo Danquah Akuffo-Addo. The Ahafo mine received the award for demonstrating exceptional leadership in community ...

A festival of fun and blistering hot discounts, bargains and deals await shoppers and customers of Achimota Retail Centre (ARC), as stores continue to mark down prices to clear their stocks on Black Friday, management has announced. A special edition of the Centre’s popular sidewalk sales which opened on Monday to usher in tomorrow’s shoppers’ carnival has now hit top ...

A member of the Finance Committee in Parliament, Isaac Adongo is questioning the capacity of the Consolidated Bank Ghana (CBG) to serve as receiver for banks whose licenses were revoked by the Central Bank in August 2018. He alleges that the establishment of CBG is what has deepened the woes of the financial sector because of what he feels are ...

The 2020 budget of the government which was presented to Parliament by the Finance Minister, Hon. Ken Ofori Atta was themed “Consolidating the gains for growth, jobs and prosperity for all.” GDP growth stood at 5.7 per cent at the end of Quarter 2 of 2019 relative to 5.4 per cent in the same period of 2018. Non-oil GDP for ...

Ghanaians who are eager to experience the 5G technology will have to wait a while longer because it requires too much investment, the chamber of telecommunications has said. 5G is the fifth generation of cellular network technology. 5G can support up to a million devices per square kilometer, while 4G supports only up to 100,000 devices per square kilometer. The ...

Finance Minister Ken Ofori-Atta is calling for more financing to achieve the Sustainable Development Goals (SDGs). “I encourage both local and foreign businesses and financial institutions to support the financing of the SDGs by directly partnering government and also by injecting funds into private sector projects in businesses that have the potential to bring shared values. “And by leading in ...

The Chamber of Telecommunciations has called on government to review its position on mobile money tax. It comes after the Communications Minister announced the introduction of the tax on mobile money services. Speaking at a news conference to reveal the latest findings of the Telecom Transparency Initiative report, CEO of the Ghana Telecoms Chamber Ken Ashigbe explained that the decision ...

Government has teamed up with private company, Wienco Agriculture, a subsidiary of the RMG Group, to purchase rice from farmers nationwide. The move comes as the country prepares to ban rice imports by 2022. In the coming days, officials of Wienco Agriculture are to visit farms and purchase rice from farmers. This came to light when the Deputy Minister of ...

Dr Michael Ayamga-Adongo, a Development Economist and Senior Lecturer at the University for Development Studies (UDS) has alleged that the Akufo-Addo administration cannot cut rice importation because they financed their campaign in 2016. The outspoken academic posited that the government is hiding behind the “eat Ghana rice campaign” because it is unable to cut rice importation to create demand for ...