Business

Rainforest Alliance certified Cocoa farmers and other Agricultural produce will enjoy additional financial benefits from July, 2022, as a motivation to continue to produce in a sustainable manner.  As part of its 2020 Certification Programme, the Rainforest Alliance (RA) is rolling out two financial requirements for the buyers of Rainforest Alliance Certified commodities. The financial benefits include Sustainability Differential (SD) and ...

A section of African Civil Society Organizations and individuals have welcomed the abortion, by the UN Secretary-General, of the appointment of Mr Matt Hancock, former UK Secretary of State for Health and Social Care and MP for West Suffolk as Special Representative for Financial Innovation and Climate Change of the UN Economic Commission for Africa (UNECA). The Organizations argue that ...

U.S. Ambassador to Ghana Stephanie Sullivan joined the President of Ghana H.E. Nana Akufo-Addo and other Ghana government officials to formally inaugurate the Pokuase Bulk Supply Point (BSP) in Accra today.  The U.S. Millennium Challenge Corporation (MCC) funded the $64.7 million (GH₵ 391.9 million) electrical infrastructure project under the Ghana Power Compact. “The Pokuase Bulk Supply Point represents sustainable infrastructure ...

The Legatum Center for Development & Entrepreneurship at the Massachusetts Institute of Technology (MIT) has introduced the inaugural cohort of Legatum Foundry Fellows. Hailing from eight countries, these thirteen entrepreneurs have grown ventures operating in nine different markets across Africa.  Having pioneered innovations in healthcare, fintech, education and more, the Foundry Fellows have demonstrated their dedication and commitment to transforming ...

The National Petroleum Authority (NPA), has approved the removal of the Price Stabilisation and Recovery Levies (PRSL) on petrol, diesel, and LPG for two months. This was announced in a press statement issued by the Authority’s Corporate Affairs Department today, October 11, 2021. “The National Petroleum Authority (NPA) wishes to inform the public that His Excellency the President, Nana Addo ...

The Energy Ministry says it is planning to suspend levies on fuel products. According to the sector Minister, Dr Matthew Opoku Prempeh, his outfit is working with the Ministry of Finance to ensure its implementation. The Minister said this when he received a delegation from the Ghana Energy Awards (GEA). This comes amid concerns from a cross-section of the public ...

Head of Pricing at the National Petroleum Authority (NPA), Abass Ibrahim Tasunti says the price deregulation policy introduced by government in 2015 is still running. He confirmed this when he spoke on PM Express Business Edition during his interaction with George Wiafe on Thursday on the topic “Containing frequent hikes in fuel prices.” The deregulation policy allows marketers and importers ...

The re-registration of mobile SIM cards across the country is expected to commence later today, Friday, October 1, 2021. The exercise is expected to last for six months, ending on 31st March 2022. According to the government, the registration is aimed at riding the country’s cyberspace of fraudsters, monitor and track down persons who use their phones for criminal activities. ...

The Public Interest and Accountability Committee (PIAC), has urged the Ghana Revenue Authority (GRA) to retrieve some $2.1 million owed the state by international oil producing firms operating in the country. PIAC in its annual report noted oil majors operating Ghana’s 3 oil fields – Sakofa Gye Nyame, TEN and Jubilee – owed the state to the tune of $2.1 ...

Vice President Dr. Mahamudu Bawumia has launched joint platform between telecom industry players, financial technology service providers, the Bank of Ghana and the police to fight against fraud in the digital finance ecosystem. The platform dubbed Fraud Control Dashboard (FCD), has become necessary because, as Ghana marches towards a cash-lite, society, characterized by the wide usage of digital financial service, sophisticated ...