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Women farmers urged to explore other sources of income


Nana Adwoa Dokua, a Member of the Board of Directors of Ghana Cocoa Board (COCOBOD) who also doubles as the Ambassador for the Women in Cocoa and Chocolate Network (WINCC) has called on women in cocoa farming to develop their skills to earn additional income from the production of cocoa. The women were entreated to look beyond cocoa cultivation as ...

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3 billion dollars Eurobond could attract high coupon rate—Prof. Bopkin

Prof. Godfred Bokpin - Head, Dept of Finance at UG

Ghana could attract a high coupon rate on its 3 billion dollars Eurobond yet to be issued later this month, that is a verdict from economist, Professor Godfred Bokpin. Professor Bokpin is of the view that recent activities in the banking sector, coupled with other factors could lead to the coupon rate going up. A government delegation comprising the Finance ...

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MTN Ghana launches 4G+ service to provide faster data speed


MTN, Ghana’s leading telecommunications service provider, has launched its 4G+ service to provide faster data speeds with widest coverage for its customers. The 4G+ service runs on 4G LTE Advanced technology using the combination of the 800MHz and 2600MHz for carrier aggregation which is an enhancement on the 4G LTE experience.  This provides more capacity and enhanced data speed of ...

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Planned IMF exit causing investors to hold back funds as cedi suffers

Dr. John Kwakye

Economist and consultant Dr. John Kwakye has stated that Ghana’s planned exit from the International Monetary Fund (IMF) programme next month has created uncertainties among some investors, contributing to the fall of the cedi against the dollar. According to him, some investors who are willing to bring their funds into the country are unsure of how events will turnout in ...

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Govt delegation led by Finance Minister begins Eurobond roadshow

Ken Ofori Atta - Finance Minister

A government delegation comprising a team from the Ministry of Finance and officials from the Bank of Ghana (BoG) will today begin a Eurobond road show. Government is planning to raise three billion dollars through the bond to cater for infrastructure development in the 2019 budget as well as retire some maturing debt. The Minister of Finance Ken Ofori Atta ...

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Cedi depreciation must be halted to save industries–AGI

Ghana Cedi

The Association of the Ghana Industries(AGI) has urged government to put in measures that will stabilize the cedi against the dollar. This follows a recent announcement by the Finance Minister, Ken Ofori-Atta, that the free fall of the cedi against the dollar, will be curtailed in the coming weeks. The cedi has depreciated against the dollar from GHC 4.9 to ...

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Orca Deco opens ultramodern office showroom 


Ghana’s leading retail Home furniture, deco and office company, Orca Deco has opened one of the largest office showrooms in Ghana to serve varied customers across the country. Marketing Manager for Orca Deco, Emma Louise de Ricquebourg explained that “Opening a showroom this big and this beautiful exclusively dedicated to office, shows how much Ghana as a country and Accra ...

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Cedi depreciation to push fuel prices to ‘all time high’ –IES


The Institute of Energy Security is predicting that prices of fuel will reach an all-time high within the second pricing window in March. The IES says fuel prices could go up by 2.5%. This, they attribute to the depreciating rate of the cedi. Citi Business News finds out how consumers will accept this development. The Executive Director of the Institute ...

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Power to be normalized within five days – Amewu

John Peter Amewu, Minister for Energy

Ghanaians will have to endure the recent power outages for five more days. This is according to the Minister of Energy, Peter Amewu who blamed the recent outages on technical challenges and the construction of an interchange at Pokuase in Accra. Many parts of the country have been hit with widespread blackout twice this week. Mr. Amewu hopes that the ...

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Parliament defers passage of GHc2bn for Ghana Amalgamated Trust

Parliament House of Ghana

The Government’s decision to support five local solvent but undercapitalized banks through the Ghana Amalgamated Trust (GAT) suffered a setback on Wednesday as Parliament deferred the passage of a GHc2 billion cedis sovereign guarantee for use by the Trust. After a debate on the Finance Committee report which recommended its approval by majority decision, the House did not have the ...

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