News

COCOBOD set to rehabilitate cocoa farms

Cocoa farms

The Ghana Cocoa Board (COCOBOD) is to undertake massive rehabilitation of cocoa farms in the country. In view of this, all cocoa trees over 30 years on about 50,000 hectares of cocoa farms would be destroyed and replanted at no cost to the farmer. In addition, owners of those farms will be compensated. Currently, 80 percent of cocoa farms affected ...

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CWG awards UG’s best graduating student in Computer Science

CWG

CWG Ghana has rewarded the best graduating student of the Computer Science Department of the University of Ghana, Legon, Jessie Kwakyewa Effah, as part of its Corporate Social Responsibility (CSR) programme. Ms Effah beat over 120 other students to pick up the top prize with a Cumulative Grade Point Average (CGPA) of 3.63 and earned a standing ovation at the ...

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Busy4G champions youth agenda

The Afrimax Group, operators of BusyInternet in Ghana, has reiterated its focus to drive the education agenda across its African markets, in line with its strategy to empower the youth through its three-pronged approach, which consists of a graduate development program, a student brand ambassador program, and an online educational platform called JUMP. “A key pillar in our strategy is ...

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BoG Governor Dr. Issahaku resigns

BOG Governor Central Bank

The Central Bank Governor, Dr Abdul  Nashiru Issahaku has resigned. Citi Business News has gathered his resignation takes effect from the 1st of April, 2017. It’s unclear what led to his resignation but the Governor is reported to have cited personal reasons for the move. Dr. Issahaku was appointed Governor of the Bank of Ghana by former President, John Mahama in April, ...

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Weekends unwinds weekly stress

In Ghana, we spend our working weeks in a desperate battle against deadlines and battling an ever-growing to-do list. But while the Monday-Friday haul is all about maximizing our productivity and efficiency, weekends should be a time to relax. The Forex Currency trader that doesn’t want to take weekends off. Traders wishing to speculate at all hours of the night ...

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AMERI power deal: My hands are clean – John Jinapor

John Jinapor

Former deputy Minister for Power, John Jinapor says he is ever ready to assist the government in its quest to ensure due diligence in the power purchasing agreements signed by the erstwhile Mahama-led administration. His comment comes after it emerged that the agreement signed with Africa and Middle East Resources Investment Group’s (AMERI Energy) on February 10 agreement signed in ...

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Cedi depreciates by 5 percent in March – BoG report

cedi depreciation

Latest figures by the Bank of Ghana have shown that the cedi’s depreciation against the dollar for March 2017, is five times more than the rate of depreciation recorded in the same period in 2016. The cedi has depreciated from 0.9 to 5 percent within the twelve months period. Also, in March 2017, the local currency depreciated by 7.5 and ...

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Western region men demand highest pay in Ghana – Report

unemployment in western region

It has emerged that urban men in the Western region of Ghana demand the highest minimum salary in Ghana. The latest Ghana Labour Force Survey Report by the Ghana Statistical Service said the men in the urban localities of the region demand as much as 1,604 cedis a month as pay. However, urban women in the same region demand the ...

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Ghana faces water crisis -Within 20 years due to activities of galamsey operators

Water Crisis

As Ghana joined the international community to mark World Water Day yesterday, the Ghana Water Company Limited (GWCL) and its stakeholders have warned of a possible scarcity of potable water nationwide in the near future if the pollution of water bodies is not addressed Painting a picture of a possibly bleak future, the GWCL explained that although all the treatment ...

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Increase Research Funding to 1% of GDP for Growth

Research funding

The former Rector of Ghana Institute of Management and Public Administration (GIMPA) wants the government to increase research funding to stimulate economic growth. Currently, the government spends about 0.38 percent of its gross domestic product (GDP) on research, a figure Professor Stephen Adei describes as woefully inadequate. He wants the figure to be increased, at least, to one percent. “We ...

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