Business

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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