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Gov’t hands over Komenda Sugar Factory to Indian investor

The Government of Ghana has finally handed over the Komenda Sugar Factory to a Strategic Investor. Park Aggrotech Company Limited, an Indian company based in Ghana and a subsidiary of the Skylark Group of companies won the bid to manage the sugar factory. The Managing Director of Agrotech Company Limited …

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Access bank customers celebrate ‘save more, win more’ loyalty promotion

BY RAMSON EBO HAYFORD ACROSS ALL 51 branches of Access Bank in the country thousands of customers continue to win and share in a pre-Christmas excitement of the ‘Save More, Win More’ loyalty promotion. Speaking about the joy of bringing excitement to customers, the Divisional Head, Retail Banking, Mr. Stephen …

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We rejected MASLOC’s GHC500k over high interest rate – Witness tells court

The Financial and Economic Division of the Accra High Court has been told by a witness in the ongoing trial of some former executives of MASLOC that some GHC500, 000 approved for Obaatampa Micro Finance was returned because the interest rate was too high for the company. The cash was …

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BoG maintains policy rate at 16%

BY ROSEMOND BOATENG ADDAI | THE BANK of Ghana (BoG), after its 91st Monetary Policy Meeting, has decided to maintain its monetary policy rate at 16%. When briefing the media in Accra yesterday, Dr Ernest Addison, Governor of BoG, explained that the decision was due to risks to the …

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Avoid over-spending in 2020 – IFS cautions Govt

BY PRINCE ESSIEN THE INSTITUTE for Fiscal Studies (IFS) is warning the government of Ghana to avoid overspending as its runs into election year. According to the institute, the problem of election cycles and expenditure is not just the behaviour of governments, but also structural one that cannot just be …

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New policy on fisheries before cabinet – Minister

BY MUNTALLA INUSAH  | THE MINISTER of Fisheries and Aquaculture Development, Mrs Elizabeth Afoley Quaye, has said the recent decline in  annual yields of small pelagics from approximately 130,000 metric tonnes (MT)  10 years ago to about 30,000 MT has forced government to review the Fisheries Acts. She said …

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Four districts undertake trial census phase II BY ROSEMOND BOATENG ADDAI

THE GHANA Statistical Service (GSS) is currently undertaking phase II of trial census ahead of the main census in 2020. The trial census is being done in four districts, namely Aowin in the Western North Region, Ekumfi, Central Region; Krachi,  Oti Region and Kpone Katamanso in the Greater Accra Region. …

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Ghana Statistical Service ready to roll out labour survey •To robust employment statistics BY ROSEMOND BOATENG ADDAI

  THE GHANA Statistical Service (GSS) has stated that it is going to roll out a large-scale labour survey to help them address labour mobility issues in the country and make its employment statistics robust. According to Prof Samuel K Annim, Government Statistician of the GSS, labour statistics form one …

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Producer Price Index dropped in September

BY ROSEMOND BOATENG ADDAI | PRODUCER PRICE Index (PPI) for September 2019 dropped to 9.7% from the August figure of 10.2%. The PPI is the system that measures the average change over time in the prices received by domestic producers for the production of their goods and services over …

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Fix the railway lines to cut cost..•Tarkwa miners to govt

BY ROSEMOND AKUORKOR ADJETEY | MINING COMPANIES in the Western Region are calling on the government to, as matter of urgency, fix the Western Railway lines to enable them to transport heavy equipment and raw materials to prevent the roads in the region from further damage. Mr Benjamin Atsu …

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