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Transporters need the right push to thrive in AfCFTA
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Transporters need the right push to thrive in AfCFTA


Summary short_text

Transporters say the AfCFTA will be their trump card to get back on their feet.

Coming from the heels of a pandemic that seriously harmed their businesses, transporters say the AfCFTA will be their trump card to speedy recovery.


Source: GhanaWeb |
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Customer of defunct Gold Coast goes for bailout package despite lawsuit in Ghana and US
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Customer of defunct Gold Coast goes for bailout package despite lawsuit in Ghana and US


Summary short_text

Another lawsuit has been filed in a U.S district court in Illinois against Dr. Paa Kwesi Nduom, owner of the Gold Coast Ltd., by a California-based company called Birim Group which claims it is an assignee for madam Mavis Amanpene-Sekyere.

Despite the two lawsuits, other documents from the Securities and Exchange Commission show Ms. Amanpene-Sekyere further applied for the government bailout package of GH¢138,715 for herself; another GH¢137,625 on behalf of a relative called Madam Amma Nyamekye; and a further GH¢136,272 on behalf of another relative, Justina Sagoe.


Source: GhanaWeb |
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Frontiers pays over US$1 million royalties to Airport Company
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Frontiers pays over US$1 million royalties to Airport Company


Summary short_text

Frontiers Healthcare Services has paid an amount of $1,157, 300 as royalties.

This was revealed by the Transport Minister, Kwasi Asiamah on the floor of Parliament Thursday, June 10.


Source: GhanaWeb |
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Ken Ofori-Atta's six Rs for youth development at Springboard 2021
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Ken Ofori-Atta's six Rs for youth development at Springboard 2021


Summary short_text

Telling them how he managed to get to the top despite the challenges, Mr. Ofori-Atta challenged the youth to Reflect on their purpose, Research for opportunities, Reach for the change that will transform their financial future, be Resilient in the face of challenges, be Responsible in the use of social media and technology and Rise to the very top in what they aspire to do.

The Springboard Youth Dialogue Series is an initiative of the Springboard Road Show Foundation, a youth mentoring platform focused on entrepreneurship, investment, career and talent development for young people across Ghana.


Source: GhanaWeb |
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Mining royalties: Give communities 30%
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Mining royalties: Give communities 30%


Summary short_text

Dr Asubonteng who was speaking at the recently held Annual General Meeting of the Chamber, added that the share of mineral royalty that was used to support development in mining communities was negligible.

According to Dr Asubonteng, the poor state of mining communities was largely a function of the development status of the country as well as an outcome of the mechanism for allocating and utilising fiscal revenues realized from the extraction of mineral resources.


Source: GhanaWeb |
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16,000 agribusinesses still not operational post-coronavirus lockdown
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16,000 agribusinesses still not operational post-coronavirus lockdown


Summary short_text

An estimated 16,091 agribusinesses closed due to the lockdown still remain closed post lockdown, the Ghana Statistical Service has revealed.

Subsequently, during the post lockdown periods, agribusiness firms in the service sector experienced faster recovery with the most reopened firms.


Source: GhanaWeb |
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Coronavirus: 78,413 agribusinesses workers lost jobs after lockdown period
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Coronavirus: 78,413 agribusinesses workers lost jobs after lockdown period


Summary short_text

78,413 agribusinesses workers lost jobs after lockdown period.

The GSS report estimated the number of agribusiness workers that were laid off increased from 51,111 during the lockdown to 78,412 in the post-lockdown period.


Source: GhanaWeb |
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Here is how the cedi is performing against major foreign currencies as of June 10
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Here is how the cedi is performing against major foreign currencies as of June 10


Summary short_text

On the interbank board today, June 10, 2021, the Ghana cedi is trading against the dollar at a buying price of 5.7483 and a selling price of 5.7541 as compared to yesterday's buying price of 5.7483 and a selling price of 5.7541.

Against the Pound Sterling, the cedi is trading at a buying price of 8.1178 and a selling price of 8.1265 as compared to yesterday's trading of a buying price of 8.1316 and a selling price of 8.1403.


Source: GhanaWeb |
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About 75 percent of agribusiness firms not aware of AfCFTA
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About 75 percent of agribusiness firms not aware of AfCFTA


Summary short_text

When firms were asked whether they are aware of the AfCFTA agreement, only 25.6 percent of agribusiness firms across all sectors are aware of the AfCFTA. Agribusinesses comprise firms in the agriculture sector and those in the industry and service sectors that contribute to the agriculture production value chain.

Relatively agribusiness firms in the agriculture sector are highest in terms of those not aware of the agreement, followed by those in the industry sector, and the services sector with 23.2% percent.


Source: GhanaWeb |
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Frontiers pays over US$1 million royalties to Airport Company
Image source: GhanaWeb

Frontiers pays over US$1 million royalties to Airport Company


Summary short_text

Frontiers Healthcare Services has paid an amount of $1,157, 300 as royalties.

This was revealed by the Transport Minister, Kwasi Asiamah on the floor of Parliament Thursday, June 10.


Source: GhanaWeb |
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Ken Ofori-Atta's six Rs for youth development at Springboard 2021


Summary short_text

Telling them how he managed to get to the top despite the challenges, Mr. Ofori-Atta challenged the youth to Reflect on their purpose, Research for opportunities, Reach for the change that will transform their financial future, be Resilient in the face of challenges, be Responsible in the use of social media and technology and Rise to the very top in what they aspire to do.

The Springboard Youth Dialogue Series is an initiative of the Springboard Road Show Foundation, a youth mentoring platform focused on entrepreneurship, investment, career and talent development for young people across Ghana.


Source: GhanaWeb |
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List of prices of global commodities as of June 10


Summary short_text

On the commodities market today June 10, 2021, the price of crude oil is seventy-one dollars, ninety-two cents as compared to yesterday's trading of seventy dollars, thirty-seven cents.

Gold is trading at one thousand, eight hundred and ninety-one dollars, ninety-five cents as compared to yesterday's trading of one thousand, eight hundred and ninety-one dollars, ten cents.


Source: GhanaWeb |
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MoMo is most preferred digital payment method


Summary short_text

Mobile Money transactions in most preferred digital payment method in Ghana.

According to the report, the growth and impact of mobile money within Ghana's financial ecosystem has led to the proliferation of web-based service providers, causing government to introduce legislation and bodies to regulate the sector.


Source: GhanaWeb |
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Government must reduce its borrowing appetite
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Government must reduce its borrowing appetite


Summary short_text

His comments followed the release of data which showed that the central bank and the rest of the banking system held GH¢83.1bn of the country's total domestic public debt as at the end of March 2021.

Regarding the composition of the domestic debt, Bank of Ghana held GH¢34.8bn, whilst banks and deposit-taking institutions held GH¢48.3bn. This represented 50.5 percent of the total domestic public debt of GH¢164.


Source: GhanaWeb |
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Inflation drops to 14-month low, back to pre-Coronavirus levels
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Inflation drops to 14-month low, back to pre-Coronavirus levels


Summary short_text

The May food inflation was 5.4 percent, lower than both the 6.5 percent recorded las month and the average of the previous 12 months.

Inflation for locally produced items was also 7.3 percent on average, down from the 8.7 percent recorded the previous month.


Source: GhanaWeb |
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Air cargo up 12% in April compared to pre-Coronavirus levels
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Air cargo up 12% in April compared to pre-Coronavirus levels


Summary short_text

Global demand, measured in cargo tonne-kilometers,was up 12% compared to April 2019 and 7.8% compared to March 2021.

African airlines' cargo demand in April increased 30.6% compared to the same month in 2019, the strongest of all regions and the fourth consecutive month of growth at or above 25% compared to 2019.


Source: GhanaWeb |
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IIA pushes for charter status to better regulate auditors
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IIA pushes for charter status to better regulate auditors


Summary short_text

The IIA Ghana noted that while some auditors did their best in difficult instances to caution their firms over some inappropriate administrative practices, others looked on and even participated, which led to the collapse of some banks and financial institutions.

Speaking to the B&FT at the 2021 Annual National Internal Audit and Governance Conference, the President of IIA Ghana, Daniel Kofi Quampah said, even though the Institute could have taken some disciplinary action against the unprofessional internal auditors many of them did not belong to the institute and the few that belonged were not in good standing.


Source: GhanaWeb |
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Amenfi West MP quizzes Agric Minister on over-aged cocoa farms


Summary short_text

His concerns follows a question he posed to the Minister for Food and Agriculture, Dr.Owusu Afriyie Akoto on the floor of parliament on Wednesday, June 9 on when the government will release money to pay the affected cocoa farmers whose farms have been engaged by the Ghana COCOBOD for the programme of rehabilitation of over-aged cocoa farms in Ghana having regard to the season.

25 hectares of cocoa farms under the rehabilitation programme.


Source: GhanaWeb |
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Legislators must propel development with oversight duties
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Legislators must propel development with oversight duties


Summary short_text

Charles Kilonzo, MP, who called on him in parliament as part of a week-long working visit to Ghana.

Speaker Bagbin used the occasion to reiterate his call for increased cooperation among sub-Saharan countries and their counterparts in the East.


Source: GhanaWeb |
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Ghana revamps fight against money laundering, terrorism financing
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Ghana revamps fight against money laundering, terrorism financing


Summary short_text

The FIC is national body mandated to combat Money Laundering and Terrorism Financing in the country and has been leading efforts by the government to revamp the AML/CFT reforms after the country was placed on a FATF grey list for having weaknesses in its regime.

At the recently held Inter-Governmental Action Group against Money Laundering in West Africa Plenary in Lome, Togo, GIABA commended Ghana's efforts and hoped that it would serve as a source of inspiration to other member States in the Sub-region.


Source: GhanaWeb |
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