Author: Admin
This is second time of increasing cocoa price in the same season with the the initial increase pegging the price at GHC48,000 as announced on September 1, 2024.
Mining companies are obligated to pay royalty from mining proceeds to support Ghana’s mineral revenue development.
The directive underscores the Bank of Ghana’s commitment to preserving the integrity of the country’s financial system by prohibiting the outsourcing of strategic functions.
According to data from the Bank of Ghana, the total number of advertised jobs for the first seven months of the year went up by 9.5 percent to 24,428, compared with 22,303 recorded during the same period in 2023.
Bank of Ghana was granted operational independence to use whichever policy tools it sees appropriate to stabilise inflation around the target band.
The FDI component of the 69 projects which was estimated at US$ 179.07 million also dropped by 33.36 percent compared with the 72 projects with estimated FDI component of 268.73 million recorded during the same period in 2023.
To utilise space technology for national advancement, Ghana has launched a landmark Space Science Policy. The Minister of Environment, Science, Technology and Innovation (MESTI), Mrs Ophelia Hayford, led the launch in Accra, noting the significance and the promise space technology held for various sectors when adopted and regulated. “Let us leverage this policy to promote sustainable practices, drive technological advancement, foster international cooperation, and contribute significantly to the growth of space science in Ghana and across Africa,” she urged. The Manager of Remote Sensing and Climate at MESTI,Dr Kofi Asare said:“Satellite technology allows us to track crop health, soil conditions,…
Newmont Corporation has declared a third-quarter dividend of $0.25 per share. Concerning its third quarter 2024 results, Newmont President and CEO Tom Palmer said: “In the third quarter, Newmont delivered 2.1 million gold equivalent ounces and generated $760 million in free cash flow from our world-class portfolio.” He added: “We continue to make meaningful progress on our non-core divestment program with the two transactions announced in the quarter, which are expected to deliver up to $1.5 billion in combined gross proceeds. Our divestiture progress and strong free cash flow generation have positioned us to continue reducing debt and repurchasing shares,…
The Cocoa Processing Company Limited (CPC), Ghana’s state-owned cocoa processor, reported a net loss of $13.08 million for the nine months ending September 30, 2024—a 5.6% rise from its $12.38 million loss during the same period last year. The deepening losses are primarily driven by rising operational costs, including higher selling, distribution, and financial expenses. According to CPC’s unaudited third-quarter financial statement, revenue fell to $31.1 million, down 3.86% from $32.3 million in the prior-year period. The production also took a significant hit: cocoa bean processing dropped to 3,256 metric tonnes from 7,051 metric tonnes in 2023, while the output…
The Health Services Workers’ Union (HSWU) of TUC (Ghana) has issued a strong warning to government over delays in finalising a new Collective Agreement with health agencies under the Ministry of Health, cautioning that members may be forced to take action if negotiations do not conclude by Monday, 11 November 2024. In a statement issued last week, the union expressed mounting frustration among members over the prolonged negotiations. The talks, which were due for a mandatory review in November 2023, have stalled despite efforts to address essential working conditions amid escalating economic challenges. As required by law, the union submitted…