Scores of cocoa farmers in the Western North Region of Ghana have heaped praises on the Akufo-Addo-led government for the introduction and successful implementation of the National Cocoa Rehabilitation Programme. The cocoa farmers contend that but for the programme many of them would have lost their only known source of livelihood and that would have left them impoverished and pushed them into abjection. President Nana Addo Dankwa Akufo-Addo in September 2020 launched the National Cocoa Rehabilitation Programme. Under the Programme, the Ghana Cocoa Board (COCOBOD) bears the full cost of the a two-year rehabilitation process which involves the cutting of cocoa trees…

The Ghana Association of Banks says its members have invested heavily in infrastructure to help prevent and detect fraudulent activities in their systems. President of the Association, John Awuah stated that “The good thing is as a community of banks the level of investment that we have undertaken to be able to stop these fraudsters from becoming successful and where the transactions even go through our systems can help us trace and track these people.” This comes on the back of a recent collaboration between The Economic and Organized Crime Office (EOCO) and the Ghana Association of Banks which led…

The Ghana Hotels Association says the high cost of hotel services is due to the economic situation in the country. This comes on the back of a recent revelation by the association that some international tourists are, due to this circumstance, compelled to spend up to 60 percent of their budget on hotel accommodation. In 2019 it was reported that Accra, was the second most expensive city in the world in terms of the property price to income ratio. Beyond this, hotels in Ghana are considered quite high compared to their sub-regional counterparts. But the hoteliers say they aren’t to…

The Agricultural Development Bank, ADB Bank has continued its trend of profitability in the year 2021, after seeing its profit before tax rose by almost 30% to hit GH¢126 million at the end of last year. Strong growth in the banks’ net interest income and net fees and commission income among others, contributed to its profitability last year. According to ADB Bank’s audited statement of comprehensive income for the year ended December 31, 2021, its profit after tax increased by about 25 % from the GH¢ 65.4 million recorded in 2020 to the GH¢ 81.6 million recorded last year. Net…