Ghana's cocoa marketing board (Cocobod) made a GH¢2.3 billion ($149.84 million) profit in 2022/23, helped by the restructuring of its debt, the auditor general said in a report obtained by Reuters on Tuesday.
Ghana cocoa production reached 429,323 metric tons - or less than 55% of the average seasonal output - as harvesting neared completion at the end of June, data from marketing board Cocobod showed on Tuesday.
At the SME Growth and Opportunity Summit held at the Kempinski Hotel in Accra, President Akufo-Addo addressed the gathering, celebrating the remarkable achievements of Ghanaian small and medium-sized enterprises (SMEs) while acknowledging the significant challenges they face.
President Akufo-Addo has unveiled the SME Growth and Opportunity (GO) Programme at the SME Growth and Opportunity Summit held at the Kempinski Hotel, Accra, in a landmark initiative aimed at boosting Ghana's economic landscape.
Trading houses face losses of at least $1 billion on cocoa derivatives after major producer Ghana failed to deliver beans this year, forcing traders to liquidate short positions in a rallying market, six industry sources told Reuters.
Government has set a new indicative target to limit total disbursements under pre-Cut-Off Date (CoD) facilities to US$250million annually over the period of 2024-2025.
The Organised Labour has declared an indefinite strike action following the National Pensions Regulatory Authority's (NPRA) approval giving clearance to the Social Security and National Insurance Trust (SSNIT), to proceed with its controversial plan to offload a 60% stake in four hotels to Bryan Acheampong's Rock City Hotel.
Minister of Employment and Labour Relations, Ignatius Baffour Awuah, has announced that the National Pensions Regulatory Authority (NPRA) has given approval for the sale of 60% of SSNIT’s shares in its hotel investment portfolio.
The year-on-year inflation rate slowed to 22. 8 per cent in June compared to 23.1 per cent the previous month, the Ghana Statistical Service said on Wednesday.
