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Ghana may miss cocoa target: Cocobod

Ghana may fall short of its 850,000-tonne cocoa output target this season due to dry weather  and diseases that has hampered growing the head of regulator Cocobod has said. The uncertainty in the world’s No. 2 cocoa grower follows months of dry, windy weather coupled with diseases, putting COCOBOD in a …

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Bank of Ghana Drags 30 Microfinance to EOCO

The Bank of Ghana (BoG) has dragged the directors of 30 microfinance companies to the Economic and Organised Crime Office (EOCO) for investigations and prosecution for alleged embezzlement and fraud. The names of the companies are being withheld for security reasons. Among other things, the anti-graft agency will investigate how …

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UniBank takes over ADB

A consortium of financial institutions that control majority shares in the Agricultural Development Bank (ADB), has pledged its shares, proceeds, entitlement and voting rights to uniBank, a leading wholly-owned Ghanaian bank. The consortium, led by Belstar Capital – a turnkey project finance and implementation institution, also includes Starmount Development Company …

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ECG Tariff reduced 30% for industry, 17% for residential

The Public Utilities Regulatory Commission (PURC) has announced a staggering electricity tariff reduction. The decision comes after an extensive stakeholder consultations, detailed technical analysis of utility tariff proposals and consideration of inputs and concerns of consumers. Per the summary of the approved percentage reductions residential consumers will enjoy 17.5% reduction …

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