Fri03242017

Last updateThu, 02 Mar 2017 9am

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Age Catches Up With Cocoa Farmers

Chief Executive Officer (CEO) of Ghana Cocoa Board (COCOBOD), Dr Stephen Kwabena Opuni has expressed concern about the increasing number of cocoa farmers who are growing old, saying the situation could affect the production of the crop in the country.

He noted that research had confirmed that most cocoa farmers were aging, with an average cocoa farmer attaining 55 years,

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Court to rule on cedi depreciation case against BoG

The Supreme Court has set July 22, to rule on the case where a private legal practitioner, Dr John Ephraim Baiden is asking the court to order the Bank of Ghana (BoG) to introduce measures to stabilize the cedi.

Mr. Baiden who filed the case in July 2014 when the cedi was depreciating rapidly said he has lost wealth through foreign exchange rate losses and is pleading with the court to direct BoG to provide a stable currency.

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Sanctions letter to Ghana is an error - AfDB insists

The African Development Bank (AfDB) insists that the letter it sent to Ghana about sanctions resulting from the non-payment of the country's debt is an error.

According to documents made available to the Daily Graphic by the AfDB, the bank wrote to withdraw the sanctions it imposed in error after its attention had been drawn to the fact that the country had long made good its obligation to the bank.

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Ghana to increase tourism traffic from China

The Minister of Tourism, Culture and Creative Arts, Mrs. Elizabeth Ofosu-Adjare, has indicated that Ghana’s Tourism sector is determined to increase tourism traffic from China to Ghana.

She said that the first quarter of 2015 had seen the sector making strong presence at leading International Fairs in Europe.

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5 year bond oversubscribed despite fears of a possible snob by investors

Government’s 5 year domestic bond issued yesterday March, 26, 2015 by the Bank of Ghana was highly patronized by investors despite fears they may ditch the bond over recent comments by former deputy governor of the bank of Ghana Dr Bawumia on the economy.

A deputy finance minister Cassiel Ato Forson told Citi Business News he fears investors may not patronize the bond due to the recent analysis of the economy by a former Deputy Governor of the Bank of Ghana Dr Mahamadu Bawumia in his lecture on the IMF deal.

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