President John Dramani Mahama has assured exporters that the expansion of the Ports of Ghana, both Tema and Takoradi is part of government’s efforts to expand infrastructure so as to blossom their business. The President in a speech read on his behalf by Mona Quartey, Deputy Minister of Finance at the 24th President’s national awards … Read more
President John Dramani Mahama has announced that the Ghana Export Promotion Authority (GEPA) governing law would be appropriately review to better position the Authority to facilitate, develop and promote non-traditional exports (NTEs). Speaking at the 26th President’s National Awards for Export Achievement, President Mahama said the government was aware of the strategic importance of GEPA … Read more
The President, John Dramani Mahama, has commended exporters of non-traditional products nationwide for their contributions to national revenue. He said the sector had increased its contribution to national revenue from GH¢ 7.2 billion in 2014 to GH¢ 9.2 billion in 2015, in spite of the stiff competition and the present economic challenges. “I, therefore, congratulate … Read more
They have vowed to step up their campaign to oust him An investigation into South Africa’s President Jacob Zuma has found evidence of possible corruption at the top level of his government. In the report, former Public Protector Thuli Madonsela recommends Mr Zuma establish a judicial commission of inquiry within 30 days. Mr Zuma is … Read more
Parliament has approved a 60 million dollar loan being procured by the government of Ghana for the Electricity Company of Ghana (ECG). The Agreement was passed amidst opposition from the Minority on concerns over the terms by which government will lend the money to ECG to implement the project, which is expected to extend electricity … Read more
Parliament has passed the buyer credit and commercial contract agreements between the government and some companies for the development of the Kumasi and Tamale international airports. The Deputy Minister of Finance, Mr Cassiel Ato Forson, moved the motion for the adoption of the terms of the agreements and was seconded by the Chairman of the … Read more
By Eric Bawah In the medieval days, the phrase “throwing down the gauntlet” means to challenge or confront someone to a formal challenge or a duel. A gauntlet is a heavy armoured gloves worn by medieval knights. In an age when chivalry and personal honour were paramount, throwing a gauntlet at the feet of an … Read more
In the medieval days, the phrase “throwing down the gauntlet” means to challenge or confront someone to a formal challenge or a duel. A gauntlet is a heavy armoured gloves worn by medieval knights. In an age when chivalry and personal honour were paramount, throwing a gauntlet at the feet of an enemy or opponent was … Read more
Cocobod has announced that the 11.76% increase in the producer price of cocoa for the 2016/2016 crop season is to motivate farmers and also curb the smuggling of the commodity to neighbouring La Cote D’Ivoire. “The new prices are meant to motivate the farmers. Most of the farmers were waiting for the new prices to … Read more
Dr. Mahamadu Bawumia, running mate to the New Patriotic Party (NPP) flagbearer, has promised that an NPP government after the December polls, will revive what he calls the ‘ailing’ cocoa sector. According to him, the governing National Democratic Congress (NDC), has failed to sustain the growth of the cocoa industry after 8 years in power. … Read more
Ghana Revenue Authority (GRA), as part of the Ghana National Single Window Project, has established electronic payment zones at some major ports in the country. The e-zone facilities at Kotoka International Airport and the Tema Port is expected to facilitate payment of port charges and other services by exporters to the Authority, making it more … Read more
Some cocoa farmers in the Ashanti Region have expressed disappointment in government over what they describe as a ‘paltry’ increase in producer price of cocoa. The Deputy Minister of Finance, Ato Forson Cassiel, announced an 11.76 percentage increase in the producer price for the 2016/2017 farming season, at the national celebration of the International Cocoa … Read more
Government has increased the producer price of cocoa from 6,800 cedis per tonne to 7,600 cedis per tonne for the 2016/17 cocoa season. This means every 64kg bag of cocoa beans will attract 475 cedis representing 77.45 percent increment. Deputy Minister of Finance and Economic Planning Cassiel Ato Forson who announced this at this year’s Cocoa … Read more
Government has reviewed upwards the producer price for cocoa at a ceremony to commemorate this year’s national cocoa day in Tepa in the Ashanti Region. The new price will go for GHS 475.00 per bag, 50 cedis higher than what it was previously sold for. This was announced Saturday, by the Deputy Minister of Finance … Read more
Deputy Minister of Finance, Cassiel Ato Forson has mocked the opposition New Patriotic Party (NPP)’s promise to allocate $ 1 million to each constituency annually across the country when it assumes power, saying the amount is woefully inadequate to develop his area. The running mate of the NPP, Dr. Mahmudu Bawumia, who’s on a tour … Read more
Mona Quartey, Deputy Minister of Finance, says the establishment of the electronic payment zone facility at the Kotoka International Airport (KIA) and Tema port will facilitate business transaction at the country’s ports for both importers and exporters. The electronic payment zone (e-zone), being deployed by the Customs Division of the Ghana Revenue Authority (GRA) and … Read more
The Finance Ministry says it is optimistic a meeting Wednesday by the IMF to decide release of the third installment of funds under the Extended Credit Facility will be favourable. A Deputy Minister of Finance, Mona Quartey, said progressive data on how government has performed under the programme so far was presented last week to … Read more
The Chief Executive of Petroleum Commission, Mr Theophilus Ahwireng has touted the prospects of the country’s gas production as it is set to produce about 300 million cubic feet of gas daily by 2018 from its oil and gas fields. “The good news here is that Ghana has an unyielding demand for gas in the … Read more
CitiBusinessNews.com can confirm the board of the International Monetary Fund (IMF) will meet tomorrow, September 28, 2016 to finalize on whether or not to approve the third tranche of funding for Ghana under the Extended Credit Facility (ECF) Programme. A Deputy Minister of Finance Mona Quartey who confirmed this to CitiBusinessNews.com said, Ghana last week … Read more
The Petroleum Holding Fund has accrued $21.6 million out of Ghana’s total lifting of crude oil from the Jubilee Field in 2015 Deputy Minister of Finance, Mona Quartey has disclosed Friday. Breaking it down, at a stakeholder’s engagement in Accra, she said the Stabilization Fund alone has realized $15.2 million whilst the Heritage Fund received … Read more