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Cocoa from Ghana and Ivory Coast feeding multi-billion euro chocolate industry in The Netherlands

Ghana and the Ivory Coast, its western neighbour, are the two biggest producers of cocoa in the world. And cocoa from these two West African countries is the backbone of the thriving chocolate industry in The Netherlands. According to a report by Statistics Netherlands (CBS), the total value of chocolate …

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ECOWAS must trade more with itself – Expert

The Economic Community of West African States (ECOWAS) has been advised to take advantage of the domestic market opportunities to trade more with itself. This, according Mr Gilbert Nii-Okai Addy, an International Trade Expert was one of the surest ways to reduce the vulnerability that they faced in the world …

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Microfinance institutions should partner banks to share risks – Prof Aryeetey

Professor Ernest Aryeetey, a former Vice Chancellor at the University of Ghana has called on microfinance institutions to form partnerships with the banks to ensure efficient risk management in times of crisis. Speaking as the Special Guest of the third Institute of Financial and Economic Journalists (IFEJ) Flamingo Awards for …

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Airtel to exit Ghana this year

Bharti Airtel, the mother company of Airtel Ghana has announced that it will be exiting 14 African countries including Ghana within a year. The affected countries include Ghana, Nigeria, Congo, Chad, Gabon, Kenya, Madagascar, Malawi, Niger, Rwanda, Seychelles, Tanzania, Uganda and Zambia. BloombergQuint quotes Bharti Airtel Chairman Sunil Bharti Mittal …

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SIC Insurance leaps on stock market

The SIC Insurance took a strategic leap on the Ghana Stock Exchange (GSE) trading session as it shares went up by 7.1 per cent to close at GH¢0.15 per share.  Societe Generale also rose by 1.5 per cent to close at GH¢0.67 per share whiles the GCB Bank edged by …

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Kenya to receive $90m from AfDB to fund SMEs and boost trade finance in Africa

The Africa Development Bank (AfDB) is providing financing to SME’s in Kenya and to boost trade finance. The funding will be channeled to SMEs and local businesses in infrastructure, tradable and other transformative sector transactions in Kenya, according to a press release from the AfDB. The release notes that the …

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Benso Oil Palm makes gains on stock market

The Benso Oil Palm Plantation an Agri-business firm recorded gains of 0.5 per cent to close trading at the Ghana Stock Exchange (GSE) mid-week transaction at GH¢2.09 per share.  The GCB Bank also experienced 0.8 per cent rise to close at GH¢3.88 per share, whilst the Standard Chartered edged by …

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Ghana stock market on positive trend

The Ghana Stock Exchange (GSE) for the fourth week in January continues with positive trend and vitality as trading activities registered in ten equities with four gainers. Volume traded was 290,395 shares which were valued at GH¢354,510.30. In effect, the benchmark GSE-Composite Index edged by 0.2 per cent to close …

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Germany welcomes Ghana’s plan to minimise reliance on aid

Foreign Aid

Ambassador Georg Schmidt, Germany’s Regional Director for sub-Saharan Africa and the Sahel, has said the Government’s decision on moving away from development aid into a more business-oriented approach is very encouraging. Ghana, Mr Schmidt explained, was considered as Germany’s strong partner, stating that, the Government’s stand on foreign aid also …

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Government will provide stimulus packages to flourish businesses – Alan


Mr. Alan Kwadwo Kyerematen, the nominee for the Trade and Industry Ministry, said the Government would support existing companies to be competitive on the international market by providing them with stimulus packages. Mr. Kyerematen, the first to appear before the Appointments Committee, on Monday, explained the intervention was one of …

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