For decades, cocoa exports have been the bedrock of Ghana’s economy, underpinning its agricultural sector and providing livelihoods for millions of farmers. The Ghana Cocoa Board (Cocobod) has consistently relied on syndicated loans from foreign banks to purchase cocoa beans for export. However, this trend of external borrowing raises questions about sustainability and the long-term […]
“When the fundamentals are weak, the exchange rate will expose you,” remarked Dr. Mahamudu Bawumia, the then Running Mate of the New Patriotic Party (NPP). The truth in this statement was however never explained by the NPP’s purported economic wizkid. While the statement highlights the vulnerabilities of an economy, the implications remain underexplored, especially when […]
By Anthony Obeng Afranie In the Fourth Republic of Ghana, the approach to bus procurement has largely favoured the wholesale acquisition of complete buses. While this model provides immediate solutions to transportation needs, it fails to capture the broader economic benefits, particularly job creation and technological advancement. To understand the pitfalls of the current approach, […]
Hon. Godwin Edudzi Tamekloe Esq., CEO of the National Petroleum Authority (NPA), will appear on WOEZOR TV tonight at 7:30 pm to discuss the NPA’s pivotal role in safeguarding the interests of consumers. The NPA’s initiatives aimed at protecting consumers and ensuring a fair and transparent downstream petroleum industry will be highlighted during the discussion. […]
By Anthony Obeng Afranie Ghana faces the ongoing challenge of achieving food security, particularly with fluctuating seasonal prices and the increasing Reviving Nkrumah’s Vision: Agricultural Colleges as Pillars of Food Security in Ghana Ghana faces the ongoing challenge of achieving food security, particularly with fluctuating seasonal prices and the increasing impact of climate change. A […]
Ghana’s Volta Lake, a sprawling 8,500 square kilometre expanse of water, holds a secret beneath its surface: a vast underwater treasure trove waiting to be unlocked. Created in 1965 by the construction of the Akosombo Dam, the lake submerged a significant portion of the Volta River Basin, including massive tropical hardwood trees, a rich mineral […]
By Anthony Obeng Afram. Ghana sits on a significant wealth of bauxite, the primary ore of aluminum. Large deposits are located in the Atiwa Forest (Eastern Region), Nyinahin (Ashanti Region), and Awaso (Western North Region), with Awaso boasting of the longest operational history, dating back to Ghana’s independence. While this bauxite represents a considerable asset, […]
As part of measures to fulfill her social obligations apparently with the aim at improving the living conditions, creating job opportunities and business promotion, the Member of Parliament for Agona East Constituency in the Ashanti region, Hon Queenstar Maame Pokuwak Sawyerr has started dishing out loans to realize her agenda. In archieving the aim, she […]
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has called on the government to urgently take action on the recent hike in fuel prices. According to him, the continuous increase in fuel prices could further strain consumers’ finances. Speaking to Citi Business News, Amoah stressed the need for the government to […]
The Minister of Fisheries and Aquaculture, Emelia Arthur has paid a working visit to the Anomabo Fisheries College in the Central Region. The visit was to assess the state of the college, which has been abandoned for eight years. During the visit, the minister expressed disappointment at the state of the facilities but pledged to […]
