Business

Akufo-Addo Announces New Cocoa Price
24 Sep

Akufo-Addo Announces New Cocoa Price

Jackson Odom KpakpoBusiness
Akufo-Addo Announces New Cocoa Price The President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo has announced an increase in the price of cocoa. The new cocoa price for the 2020-2021 cocoa season is 660 Ghana Cedis against the previous price 515 Ghana Cedis per bag. According to Nana Akufo-Addo, the new price is expected to start from 1st October, 2020. The quote of the President’s announcement which has gone viral on several social media platforms and portals reads: Nananom, beginning 1st October 2020, I am happy to announce the award of a new cocoa producer price of GHC10,560…
Read More
“Cocoa Producer Price Increased By 28% To Gh¢10,560 Per Metric Ton” – President Akufo-Addo
24 Sep

“Cocoa Producer Price Increased By 28% To Gh¢10,560 Per Metric Ton” – President Akufo-Addo

Kakra NunuBusiness, District Diaries,
“Nananom, beginning 1st October 2020, I am happy to announce the award of a new cocoa producer price of ten thousand, five hundred and sixty cedis (GH¢10,560) per metric ton, equivalent to six hundred and sixty cedis (GH¢660) per bag for the coming 2020/21 crop year. This represents a hike of more than twenty-eight per cent (28%) over the price obtained in the outgoing crop year of 2019/2020.” These were the words of the President of the Republic, Nana Addo Dankwa Akufo-Addo, on Thursday, 24th September 2020, on day 1 of his 3-day tour of the Western North Region, when…
Read More
SNV facilitates job fair to create employment opportunities for Ghanaian youth
24 Sep

SNV facilitates job fair to create employment opportunities for Ghanaian youth

Wontumi2Business,
‘GrEEn Job Fair’, a programme designed by the Netherlands Development Organization, SNV, to connect prospective employees to potential employers, had been held at Dentin in the Offinso Municipality of the Ashanti Region. The programme, in line with the ‘Boosting Green Employment and Enterprise Opportunities in Ghana (GrEEn) Project’, is also to create the requisite platform for Micro, Small and Medium-sized Enterprises (MSMEs) to display their products.The entrepreneurship session with green idea validation dealt with business certification, registration and standardization.As part of the programme, the participants, mostly youth, including university and Senior High School graduates, were taken through some skills development…
Read More
Independent Power Producers to shut down thermal plants
24 Sep

Independent Power Producers to shut down thermal plants

Wontumi2Business,
Independent Power Producers (IPPs) will shut down their thermal plant by the end of this month if government fails to honour its debt obligation which is running into over $1.4 billion. This will consequently lead to power rationing if the planned shut down of the plants goes ahead.  According to a notice to the Energy Minister, sighted by Joy Business, the IPPs warned that the shutdown is as a result of the members’ difficult cash flow position as they have not received enough payment to honour their gas bill and other financial obligations. The IPPs contribute about 45 per cent…
Read More
NBSSI Provides Loans To 200,000 Applicants Under the Anidaso Stimulus Package – Kosi Yankey
23 Sep

NBSSI Provides Loans To 200,000 Applicants Under the Anidaso Stimulus Package – Kosi Yankey

Jackson Odom KpakpoBusiness
NBSSI Provides Loans To 200,000 Applicants Under the Anidaso Stimulus Package – Kosi Yankey The CEO of the National Board For Small Scale Industries (NBSSI) Madam Kosi Yankey-Ayeh, has revealed that out of the 850,000 Anidaso loan applicants 200,000 have so far been catered for. The Anidaso loan package forms part of the government’s stimulus package initiative introduced at the;peak of the COVID-19 outbreak to support small and medium scale entrepreneurs with some seed money to sustain their businesses. She made the disclosure at the maiden edition of the Nation Building Updates, a government novelty initiative to publicize its achievements…
Read More
BIMA Wins Mobile Insurance Leadership Award And Claims Initiative Award At The Ghana Insurance Awards 2020
23 Sep

BIMA Wins Mobile Insurance Leadership Award And Claims Initiative Award At The Ghana Insurance Awards 2020

Wontumi2Business,
BIMA Ghana, the leading provider of mobile delivered insurance and telemedicine services, has scooped the prestigious Mobile Insurance Leadership Award for the third time running as well as the Claims Initiative Award during the 2020 edition of the Ghana Insurance awards. The annual Ghana Insurance awards took place at the Kempinski Hotel, Gold Coast City Accra on the 29th of August. Since BIMA’s entry into the Ghanaian market in 2010, it has been disrupting the insurance landscape by providing affordable and easily accessible insurance and telemedicine services to over 2.5 million Ghanaians. In just 2 minutes, customers can register for BIMA products…
Read More
Fruit retailers lament drop in sales after initial Coronavirus-induced boom
23 Sep

Fruit retailers lament drop in sales after initial Coronavirus-induced boom

Wontumi2Business,
About six months after the initial spike in demand and clamour for fruits of all types, to boost the immune system of Ghanaians to ward off COVID-19, some retailers of fruits say they have experienced a surprisingly significant drop in sales. Even though there was an increase in purchases in the first few weeks after the Coronavirus was recorded in Ghana, that surge in demand was negated by the restrictions on movement as well as the closure of thousands of offices across the country. The offices served as a source of health-conscious clientele. Faustina Amissah, a fruit retailer at Asylum…
Read More
Shell to increase focus on renewable energy and power markets
22 Sep

Shell to increase focus on renewable energy and power markets

Wontumi2Business
Global energy company, Shell, is allegedly planning to move its focus towards renewable energy and power markets by cutting 40 percent of its oil and gas costs. According to sources, Shell’s cost-cutting strategy, known as Project Reshape, will be completed by the end of this year. The project is expected to have an impact on the company’s three main divisions. Sources say the savings accumulated from the strategy will contribute towards Shell’s $4billion target set, following the outbreak of Covid-19. The source revealed that, “there will be differences, this is not just about structure but culture and about the type…
Read More
CAGD launches “treasury hour” to enhance staff professionalism
22 Sep

CAGD launches “treasury hour” to enhance staff professionalism

Wontumi2Business,
The Controller and Accountant-Generals Department (CAGD) has introduced capacity building programmes for staff to promote continuous professional development and enhance service delivery. The monthly programme, dubbed: "Treasury Hour," is geared towards building the professional competence of staff on the treasury functions of the Department.Speaking at a short ceremony in Accra, on Tuesday to officially commence the training, Mr Kwasi Kwaning-Bosompem, the Acting Controller and Accountant-General, said the recent banking crises had necessitated frequent empowerment of staff to avoid future recurrence of the situation.He said building the capacity of staff, particularly those at the Regional, Ministries, Departments and Agencies, would, therefore,…
Read More
GPHA’s unity terminal is 97 per cent complete
21 Sep

GPHA’s unity terminal is 97 per cent complete

Wontumi2Business,
The Ghana Ports and Harbours Authority’s (GPHA) new Unity Terminal under construction at Kpone in the Greater Accra Region, is 97 per cent complete. The Kpone Unity Terminal is a 40-acre facility being built by the GPHA as a new devanning terminal to take over activities of the Golden Jubilee Terminal.Mr Able Ayamga Akurigo, a Senior Project Officer at GPHA, revealed this when members of the Junior and Senior Staff Unions of Takoradi and Tema Port visited the site to ascertain the progress of work.Mr Akurigo noted that they were expecting a crew from South Africa to fully complete the…
Read More