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Government has maintained the producer price of cocoa beans for the 2017/2018 crop season at 7600 cedis per metric tonne despite a sharp drop in the price of the commodity on the world market.   This translates into 475 cedis per bag of 64 kilograms, which starts today, October 13, 2017.   Speaking...
The Central Bank Governor, Dr Abdul  Nashiru Issahaku has resigned. According to reliable information 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...
Inflation has shot up from 16.9% in August to 17.2% in September 2016. Inflation for imported items also rose from 17.3% in August to 18.7 in September. Locally produced items however dropped from 16.7% in August to 16.6% in September. The food and non-alcohol beverages group recorded a year-on-year...
The Minister-designate for Lands and Natural Resources, John Peter Amewu, has disclosed government’s commitment to double the royalties paid mining communities in Ghana. He made this known at a programme to inaugurate the Resettlement Project at the Edkan Mine in Ayanfuri. He said “with regard to mining royalties, the policy of...
Fifteen senior officers of the Customs Division of the Ghana Revenue Authority at the Tema Collection point have been interdicted for allegedly causing financial loss to the state through tax evasion. Their monthly salaries have also been cut by one-third and have been barred from entering the premises of the...
Policy rate has been reduced to 21 per cent, thus a 150 basis point. This is the fourth time in the year that the Monetary Policy Committee (MPC) of the Bank of Ghana has reduced its policy by 150 basis points to 21 per cent from 22.5 per cent. Governor...
China will offer scholarships and training programmes to 20 technical staff of the Ministry of Railways Development, Ms Sun Boahong, the Chinese Ambassador has announced. The move, Ms Sun said, formed part of the Chinese government’s annual training programmes aimed at building the capacities of Ghanaian workers to make them...
The Ashanti Regional branch of the Ghana Union of Traders Association (GUTA) is to stage a protest in the Kumasi on Tuesday 24th October against the invasion of the retail trade by foreigners. Speaking in an interview with Nana Kwabena Ampratwum, the host of Otec fm's morning show ‘NYANSAPO’ on...
Former Rector of GIMPA Professor Stephen Adei has urged the incoming Director General of the Ghana Ports and harbors Authority, Kwadwo Owusu Afriyie,  to clamp down on corrupt port officials and reduce the bureaucracy in clearing goods. Mr . Owusu Afriyie, popularly known as Sir John, is set to assume...
A total of 35 principal and senior revenue officers of the Ghana Revenue Authority have been transferred from their various duty posts across the country to the Tema Collection point. Reasons for their transfer are unclear but reports say, it forms part of the government’s efforts at tightening loopholes in...