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Stop ‘cooking’ Ghana’s economic data – Adongo advises BoG boss

Member of Parliament for Bolgatanga Central, Isaac Adongo has reached out relentlessly to the Governor of the Bank of Ghana, Dr Ernest Addison to stop ‘cooking’ up the country’s economic data. According to him, the Bank of Ghana had adopted some ‘uncouth’ ways of adding up figures from Ghana’s Petroleum Holding Funds to bloat the Net International Reserves of the …

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CSOs must monitor activities of Upstream Petroleum Chamber – IES

The Institute of Energy Security (IES) has urged civil society groups to closely monitor the activities of the newly formed Upstream Petroleum Chamber. The formation of the chamber is to promote upstream oil and gas exploration in the country. Some of the companies that are part of the chamber include Tullow Oil Ghana, Kosmos Energy Ghana and Eni Ghana. In …

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Trade organizations happy with level of engagements on cargo disinfection exercise

Trade organizations have lauded the level of consultation among them, the Ministry of Health and LCB Worldwide towards the implementation of the cargo disinfection exercise at Ghana’s sea ports. The organizations in 2018, raised concerns over the absence of stakeholder deliberation on the disinfecting of cargos, cars, vans and other vehicles visiting the ports leading to the suspension of the …

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Lack of financial education making Ghanaians lose money to fraudsters – Financial Analyst

A financial analyst and banker, Eric Tsiri, has said the lack of financial education and understanding have resulted in Ghanaians losing their money to fraudsters in the investment world. The financial analyst, who was speaking to Rev. Azigiza Jnr. on the Gospel Breakfast Show on Number One 105.3FM on Wednesday, 23 January 2019, asked the media to educate Ghanaians on …

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Small scale miners yet to resume operations, miners target 3-month to fully return

Several weeks after the lifting of the ban on small scale mining, productive activities of the small scale mining sector are yet to fully take off. This is according to the Ghana National Association of Small Scale Mining (GNASSM). In an interview with Goldstreet Business, the Director of Operation for GNASSM, Emmanuel Yirenkye-Antwi said, the small scale mines that have …

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Heritage Bank gets PECB certification despite licence revocation

World-renowned Canada-based certification body, PECB, located in Montréal, has issued a management system certificate to Heritage Bank Limited (HBL) of Ghana, despite the revocation of its licence recently by the Bank of Ghana. PECB, which is a respected certification body for persons, management systems, and products on a wide range of international standards, said in its correspondence to the erstwhile …

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Mobile Money transactions hit GH¢233 billion in 2018

The value of transactions carried out on mobile money platforms for 2018 reached GH¢233 billion. This was contained in the Bank of Ghana’s (BoG) latest statistics covering electronic payments from 2018. Breakdown of Data The data showed the value of transactions increased from GH¢155 billion to 233 billion representing 43% growth in just a year. The Data secured from the …

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86 percent of Ghanaian businesses not measured – Ahomka Lindsay

Ghana’s inability to stay among countries with the best economic reforms can be attributed to the inability to measure indigenous businesses, Deputy Trades Minister Robert Ahomka Lindsay has explained. According to the Deputy Minister, 86 percent of Ghanaian owned businesses are not measured despite their long existence and interactions with consumers. He noted that it is difficult to manage the …

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Ghanaian company turning coconut husk into usable products

Nothing is left to go waste after consuming coconut water and its fruit as Ghanaian companies have found a way in turning the hard husk of coconut into usable materials and artefacts. Coconut fibre mats, coconut fibre board, coconut fibre seedling pots, coconut fibre dish scrub pad, coconut fibre cold pressed bicycle seat, based shoe inner sole pads, foam mattress, …

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Ghana seeks $300m to prop up loss-making COCOBOD

Ghana is in talks with lenders for $300 million in loans to support the country’s loss-making cocoa regulator. Ghana Cocoa Board, which oversees sales and purchases in the world’s second-biggest grower of the chocolate-ingredient, needs 1.1 billion cedis ($223 million) to meet its commitments for the annual season through September, according to a document that was submitted to lawmakers on …

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