COCOBOD sets date for light crop cocoa season

The Ghana Cocoa Board (COCOBOD) has announced the commencement of the Light Crop Cocoa Season on Friday, June 21, 2024. COCOBOD in a statement dated June 17, said a tonne of 16 bags will be sold at GH₵33,120.00. It added that the producer price to be paid at all buying...

EU, GHANA and UNIDO clusters show impact on job creation, industrial competitiveness and sustainability in Accra

The United Nations Industrial Development Organization (UNIDO), European Union (EU) and Ministry of Trade and Industries (MOTI) have organised the 3rd Cluster International Conference in Ghana on Wednesday in Accra to strengthen cluster inclusiveness for Small and medium-scale enterprises (SMEs). The conference provided a platform to discuss and share sustainable...

GIPC reports 16% surge in Q1 2024 FDI, reaching US$123.06 million

The Ghana Investment Promotions Centre (GIPC) recorded foreign direct investment (FDI) totaling US$123.06 million from 32 projects between January and March 2024, according to a quarterly report from the centre. The report highlighted a 16 per cent increase in FDI compared to the US$106.02 million recorded during the same period...

Ghana’s gold production sees 8.3% rise in 2023

Ghana's gold production rose 8.3 per cent in 2023 to four million ounces, up from 3.7 million ounces in 2022, driven by a surge in small-scale mining, according to a report by the Ghana Chamber of Mines. Small-scale gold production jumped 70.6 per cent to 1.1 million ounces in 2023,...

Business owners urged to shun dollar rush amid cedi depreciation

Alexander Kwamena Afenyo-Markin, Majority Leader, has cautioned Ghanaian business owners and individuals against hastily converting their cedis to dollars, amidst the local currency's depreciation. Instead, he recommends investing in treasury bills or fixed deposits. The cedi has weakened by 10% against the dollar since the Monetary Policy Committee's decision to...

Cement Prices hit GH¢108 despite ministerial directive

Despite a ministerial directive to the Cement Manufacturing Development Committee (CMDC) in Ghana, cement prices continue to rise, wreaking havoc on the real estate industry and pushing rent prices in Accra to new heights.  Recent checks show a significant jump in cement prices from last week to this week, leaving...
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