Business

Gov’t to reverse vegetable export ban

The Ministry of Food and Agriculture is working with stakeholders to have the ban on vegetable exports to the European Union (EU) lifted in the next three months. Minister for Food and Agriculture, Dr Afriyie Akoto, gave the assurance recently. The ban was imposed on some vegetables exported to the EU as a result of the failure of exporters to ...

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African Banks and Finance Institutions urged to get involved in Mining Finance

African Banks

Dr Toni Aubynn, the Chief Executive of the Minerals Commission, has advised African Banks and Finance institutions to get involved in the provision of capital to local mining entrepreneurs. This would ensure an optimised benefit of mining to Africans. Speaking as a panelist on the topic: Private Sector Participation in Mining: Addressing Challenges to Doing Business in West African Countries ...

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Let’s buy GOIL products – Deputy Minister

Goil

Mr Evans Opoku-Bobie, the Deputy Brong-Ahafo Regional Minister, has said the Ghana Oil Company Limited (GOIL) needs more customers to be able to contribute significantly to nation building. He said as a wholly state-owned energy company, GOIL could make meaningful contributions and give back to society there is an increase in the company’s revenue inflows and profit margin. The company, ...

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I want to build the most business-friendly economy in Africa – Akufo-Addo

Business-friendly economy

President Nana Addo Dankwa Akufo-Addo has stated that his government’s priority was to build the most business-friendly and people-friendly economy in Africa, which would create jobs and prosperity for all Ghanaians. Speaking at the opening of the 2017 European Development Days Conference in Belgium on Wednesday, the President stressed that, that push by his government would be achieved through harnessing ...

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How technology can help combat payroll fraud in Africa

Payroll Fraud

The Association of Certified Fraud Examiners says more than 25 percent of companies experience payroll fraud, with smaller businesses facing double the risk compared to larger organisations. Sometimes, it’s simply a case of human error, but it’s more often than not instigated by opportunistic and dishonest payroll administrators. A 2016 PwC survey shows that 69 percent of South African companies ...

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Yenko Taxi Services launched in Gt. Accra

Yenko Taxi

Local transport unions are beginning to express interest in phone applications that will provide commuters with services upon request. Ghana’s transport system has seen improvement with online applications which has led to higher levels of competition in the country’s transport system. Speaking at the launch of Yenko Taxi Services, CEO of the company, Mr Kalsum Appiah said the company is ...

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Ghana’s 2016 Gold Output Increases To 4.13M Ounces

Ghana’s gold output rose 46 percent in 2016 compared to the previous year as new projects came on stream and artisanal mining output expanded, the Ghana Chamber of Mines said in a report on Friday. Total gold output stood at 4.13 million ounces, the highest level in nearly 40 years, up from 2.84 million ounces in 2015, the report said. ...

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COCOBOD endorses Electronic Payment to farmers

The Progressive Licensed Cocoa Buyers Association has received support from Ghana Cocoa Board (COCOBOD) to set up an electronic platform to pay cocoa farmers across the country. This follows the association’s application to the Ghana Cocoa Board (COCOBOD) to issue ‘No Objection’ letter to the Central Bank in support of its proposal to set up an electronic platform to pay ...

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Fuel prices to go up by 4% in June- IES

The Institute of Energy Security (IES), is predicting a 4 percent increase in fuel prices for the first pricing window in June. Principal Research Analyst at the Institute, Richmond Rockson attributed the development to the depreciation of the cedi by 1.18 percent, as well as an increase in prices of gas oil and gasoline. “When you look at the figures ...

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