BUSINESS

The Ghana Cocoa Board (COCOBOD) has challenged claims by the Minority in Parliament that it is swindling and cheating cocoa farmers. The Minority in Parliament at a press conference in Accra on Thursday, 25 July 2019 claimed cocoa farmers are worse off under the Akufo-Addo government compared to their situation under the previous John Mahama government. The Minority also accused ...

The Coalition of Textile Workers has said jobs of its members are under threat with the unbridled dumping of pirated fabrics in the Ghanaian market. The group is therefore calling for an emergency meeting with the Trade Minister Alan Kyeremateng on Monday August 5, to address the phenomenon. Below is the full statement   Source: Starrfm.com.gh Share on: WhatsApp

Official spokesperson for Ghana Cocoa Board (COCOBOD), Mr. Fiifi Boafo, has rejected a Bloomberg report Friday claiming Ghana Cocoa got no buyers on first market appearance since $400 premium. Ghana and Ivory Coast, the world’s largest producers of cocoa early this month announced every tonne of their cocoa sold on the market will attract a $400 living income differential (LID), ...

The Ghana Cocoa Board (COCOBOD) and its subsidiary the Cocoa Marketing Company (CMC) Limited have clarified that Ghana has not failed to secure a buyer for its 2020/21 cocoa beans. There were media reports over the weekend that Ghana had failed to secure a buyer for its cocoa beans after lifting the ban on the sale of cocoa to the ...

IBM’s first female Country Director in Africa, Angela Kyeremanten-Jimoh has taken a leave of her position as country director of IBM Ghana to take on a new role at IBM’s corporate headquarters located in New York, United States of America. In a letter sent to clients and stakeholders of IBM Ghana, IBM stated that Angela will be taking on a ...

THE CENTRAL Bank has said gaps in the country’s revenue mobilization, coupled with the increasing spate of spending, could pose risks to the country’s macroeconomic stability if not addressed. The aforementioned concerns have slowed down the pace of fiscal consolidation, the Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, stated on Friday at a press conference in Accra, ...

Auditor-General (A-G) Daniel Yaw Domelevo has condemned the Ministry of Finance (MoF) for concealing four major contracts signed in 2018. “Our review of the Ministry’s procurements showed that a number of awards for goods, services and consultancy were undertaken without its publication on the Public Procurement Authority (PPA) website,” the annual report on Public Accounts of Ghana (PAG) as of ...

The country’s total debt stock has now hit GHS200 billion as at the end of May 2019. This was contained in the Bank of Ghana’s summary of financial and economic data that reviewed the health of the economy. Details of the debt numbers   The new debt stock figure means that since May 2018 the total debt stock has gone up by ...

Ghana and Cote D’Ivoire have lifted the suspension of cocoa sales for the 2020/2021 season, effective July 16. The decision was contained in a joint communique issued and signed by Mr. Joseph Boahen Aidoo, the Chief Executive of the Ghana Cocoa Board, and the Chief of Cote d’Ivoire’s Coffee and Cocoa Council, Yves Kone-Brahima. The two countries, at a two-day ...

Ghana has pumped 800 million cedis ($150 million) into a special purpose vehicle created to bail out banks that don’t have enough capital, according to four people with knowledge of the matter. Ghana Amalgamated Trust (GAT) will be getting the funds from the Finance Ministry after dropping a plan to raise the money through a bond sale, said the people, ...