News

Cocoa farmers have called on government to increase producer prices of cocoa by October 2019.

They argued that the producer price of cocoa was inadequate and had worsened their economic welfare.

This was contained in a research report: ‘Assessing Farm Gate Pricing and Income of Cocoa Farmers,’ launched in Accra yesterday and it aimed at identifying key players in the cocoa industry who are involved in the determination and setting of cocoa producer prices.

The Bank of Ghana has denied social media rumours that its intended clean-up of the rural and community banks sector will cause depositors to lose their funds.

In a statement, the central bank said its attention “has been drawn to malicious messages circulating on social media platforms such as WhatsApp and Facebook that an intended ‘clean up’ of the Rural and Community Banks (RCBs) sub-sector would negatively affect depositors fund with RCBs, urging them to move their funds to other institutions”.

President Nana Akufo-Addo has congratulated Muslims in Ghana and the world for successfully going through the one-month fast in the holy month of Ramadan and urged them, especially the youth to be moderate in their celebration to avert mishaps.

“I congratulate the Muslim Ummah of Ghana, and, by extension, the entire Muslim population of the world, for braving the pangs of hunger and thirst for an entire month”, Mr Akufo-Addo said in a statement.

A Banking Consultant has lauded the Bank of Ghana’s action against Barclays Bank Ghana, saying it is a step in the right direction.

Dr Richmond Atuahene says “…So for me, it is part of the conduct regulations which I believe, it is okay with the Bank of Ghana which is very good because the pricing of the currency is very critical.”

Over 2.5 million people in the Odaw River Basin of the Greater Accra Region (GAR) will benefit from improved flood risk management, solid waste management and improved access to basic infrastructure and services in targeted communities of the GAR, under the Greater Accra Resilient and Integrated Development (GARID) project.

The $200 million funded project was approved by the World Bank Board of Executives Directors today.

The Ghana Beyond Aid Committee has rendered an unqualified apology to President Nana Addo Dankwa Akufo-Addo and the entire nation for using a photograph from Kenya on the cover page of its strategy document which was launched on 1 May 2019 during the May Day celebration by Mr Akufo-Addo.

This error has attracted widespread criticism and also made mockery of the Ghanaian president.

The Bank of Ghana on Friday announced the revocation of the licences of 347 microfinance companies which were either insolvent or had folded up voluntarily. Find the full list below: MICROFINANCE COMPANIES - INSOLVENT S/No NAME OF INSTITUTION 1 1ST EYE MICROFINANCE COMPANY LIMITED 2 ABEPA MICROFINANCE LIMITED 3 ACEA MICROFINANCE CO...

Find the full list below:

MICROFINANCE COMPANIES - INSOLVENT

S/No NAME OF INSTITUTION

1 1ST EYE MICROFINANCE COMPANY LIMITED

2 ABEPA MICROFINANCE LIMITED

3 ACEA MICROFINANCE CO. LIMITED

Black Stars coach, Kwasi Appiah, has named André Ayew as the permanent captain of Ghana’s senior national football team ahead of the 2019 Africa Cup of Nations.

This followed a meeting with the top brass of the Normalisation Committee of the Ghana Football Association (GFA) after which approval and full backing were given to Appiah’s plans.

Ayew replaces Asamoah Gyan as captain of the Black Stars.

Gyan, who has captained the Black Stars for a record seven years, has been elevated to the position of General Captain.

The Ghana Meteorological Agency (GMA) has cautioned Ghanaians to be on the lookout as the country will experience heavy rains on Monday [27 May 2019] morning and afternoon.

According to the GMA, a band of clouds tracked over the ocean on Sunday, 26 May 2019, is expected to induce cloudiness over the coastal cities with a chance of moderate to heavy rains Monday morning and in the afternoon.