Business

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Oracle opens regional operations office in Ghana

Oracle, a US technology company, has opened its new office at the Ghana’s Airport City, a move aimed expanding the company’s cloud portfolio countrywide and providing sales and consulting services to the sub-region. Company officials said their primary objective for putting up the regional facility was to train Ghanaian staff in technology innovation to empower them to apply Information and ...

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Prospective customers rush for free cash at Capital Bank

Reports indicate that prospective customers are inundating the call centre of Capital Bank for free cash in their quest to lay hand on the free money vouchers being distributed by the bank. Capital Bank on Tuesday, March 14, 2015 launched the V-Man campaign with the aim of encouraging savings culture amongst Ghanaians. The Head of Communications and Public Relations, Nana ...

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60% of rice produced locally – Mahama

President John Dramani Mahama has said 60% of rice consumed in Ghana is produced locally. The president, who was a guest on TV3’s New Day on Monday 14 March 2016, also vowed that his government will not relent on its efforts to promote the patronage of Made-in-Ghana goods. In an interview with Bridget Otoo, the president explained: “Currently we are ...

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CPC workers return to work

Almost all staff of the Cocoa Processing Company at Tema who were asked to proceed on leave, have resumed work following completion of maintenance at the company’s factory site. This is according to the company’s Public Relations Officer and Human Resource Manager, Ekow Rhule. About eighty workers of the CPC were asked by management to proceed on leave in January ...

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Price of tomato increases by 7 percent

For the first week in March, the price of tomato recorded the highest gain of seven percent. The commodity ended the week at 7 cedis 70 pesewas per medium size tin. This was followed by cassava and groundnut which recorded 6 percent gain in their prices. Yam recorded the third highest gain of 3 percent to close the week at ...

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Ghana likely to suffer shortage of natural water – Minister

Natural supply of water is at risk of depletion if measures are not taken early to arrest the growing rate of the reduction caused by natural and human factors, Dr Kwaku Agyemang-Mensah, Minister of Water Resources has warned. Some factors responsible for the reduction are catchment degradation due to farming along water banks, climate change and seasonal variability and increasing ...

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Lifeline for cocoa industry as Touton S.A partners gov´t

cocoa farms and reduce emissions from deforestation and degradation (REDD+). The French company is a major international trading group in commodities including cocoa, coffee, and assorted ingredients for the food and beverage industry. The initiative is also being supported by the Forest Carbon Partnership Facility (FCPF), which a partnership of stakeholders that assist developing countries. Known as Climate Smart Cocoa, ...

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Licence to Afriwave won’t be reversed – NCA

The telecoms industry regulator, National Communications Authority (NCA), has served notice that it will not reverse the licence granted Afriwave Ghana Limited, the company that won the bid to operate an Interconnect Clearing House (ICH) system in the country. “The tender evaluation process was conducted in a free and fair manner and the best company won so we will not ...

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PRs charged to effectively communicate trade issues

Mr. Dawarnoba Baeka, Chief Director of the Ministry of Trade and Industry (MOTI), has tasked Communications and Public Relations Units under the ministry to brainstorm and come out with out-of- the- box strategies to effectively communicate current positive trends and innovations in that sector to industry players in the country

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House passes Income Tax Amendment Bill

Parliament last Wednesday passed the Income Tax (Amendment) Bill, 2016. The passage gives legal backing to the decision of the Ghana Revenue Authority (GRA) to suspend the collection of the one per cent withholding tax. The Income Tax Act 2015, which was passed by Parliament and assented to by President John Mahama on September 1, 2015, was to have come ...

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Volta rice farmers to benefit from ADP

Small Actions For Enterprise (SAFE-Ghana), a rice production focused non-governmental organization in Ho, in partnership with 2SCALE Projects, has commenced training of certified rice growers in the Volta Region to develop rice agribusiness in the region and improve yields. The team leader at SAFE-Ghana, Patrick Avumegah, said the first phase of the project would see some selected seed growers in ...

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High non-performing loans to affect lending to private sector

The Chief Executive of Stanbic bank, Alhassan Andani, has indicated to Citi Business News lending to the private sector by most commercial banks this year, will be adversely affected due to the increase in non-performing loans. A report released by the Bank of Ghana late 2015, revealed that non performing loans accounted for by local companies increased from in 93.1 ...

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Low oil prices don’t hurt Ghana – Kwarteng

Obuasi West Member of Parliament, Kweku Kwarteng, has said assertions that Ghana’s economy is negatively affected by dips in world oil prices are insincere. He said the country, being a net importer of oil, cannot claim to lose revenue as a result of falls in the price of crude on the world market. The MP made these observations at an ...

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