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Int’l cocoa giants ‘poised’ to pursue local processing in Ghana

The President of the World Cocoa Foundation, Richard Scobey, has said WCF is interested in working with the government of Ghana towards processing more cocoa locally in the West African country to create more indigenous employment and also bolster the local economy. Speaking at the 70th anniversary of the Ghana Cocoa Board (Cocobod) in Kumasi, the capital of the Ashanti region, Mr Scobey said: “Two weeks ag ...

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Armyworm defeated – Dep Minister-designate

Kennedy Osei Nyarko, Deputy Minister-designate for the Ministry of Food and Agriculture, has revealed that the government has clamped down on the fall army worm invasion. The army worms plagued a lot of farms in the country, destroying several crops. Mr Nyarko, who was appointed the Deputy Minister-designate by President Nana Addo Dankwa Akufo-Addo and announced on the floor of Parliament by the Speaker, Pr ...

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Ecobank launches mVisa in 33 African countries

Ecobank has partnered with Visa to launch Ecobank Scan Pay with mVisa solutions to their consumers. The strategic tie-up signals interoperability on a cross border level – and potentially huge gains – as it affords consumers with the ability to use their mobile phone to directly access the funds in their bank accounts to pay person-to-merchant (P2M) or person-to-person (P2P). Ecobank Scan Pay with mVisa del ...

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NCA approves Tigo, Airtel merger

The National Communications Authority has given approval for the merger between Bharti Ghana Limited (Airtel) and Millicom Ghana Limited (Tigo), to proceed subject to some conditions. A statement from the NCA on Monday evening indicated that the merger will result in an entity which will be the second largest mobile network operations in the country. The merger, which was first announced in March 2017, requ ...

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Asanko mines 436,000 tonnes of gold ore in August

Asanko Gold Inc. (TSX:AKG)(NYSE American:AKG)(NYSE MKT:AKG) has provided an operational update on the Asanko Gold Mine (AGM), located in Ghana, West Africa. Highlights: • Reconciliation of grade control model to resource model reflecting total gold ounces up by 7% for three months ending August 2017 • Reserve reconciliation showing significant improvement comparing the mill feed to the reserve model over la ...

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470MW powership connected to nat’l grid

Karpowership Ghana Company Limited has announced that it has connected its 470 MW Karadeniz Powership Osman Khan to the national grid. The powership, which arrived in August this year, has completed all requisite commissioning works, operational tests and has begun supplying power to the national grid. A press statement issued by the communications department of the company said the operation of Karadeniz P ...

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Textiles: Anti-piracy taskforce on Oct. 11

The Ministry of Trade and Industry has revealed it will constitute a taskforce on textiles to address the influx of pirated textiles into the country. In a statement, the Ministry said it will set aside 11 October, 2017 as the date to inaugurate the taskforce. The announcement follows a picketing action by workers of the local textiles industry in Accra on Monday, 2 October over the continued delay in setti ...

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Emirates and flydubai announce first codeshare routes

Following the commencement of their partnership, Emirates and flydubai have announced that Emirates will expand its network to 29 flydubai destinations across three continents. The new partner network, through its codeshare, will offer greater frequency and easier access to more global destinations with the advantage of connecting baggage to the final destination. Passengers can book from 03 October on Emir ...

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Fuel prices to stay fairly stable – IES

Although the price of crude oil rose by 6.8 per cent over the last 14 days, the Institute for Energy Security (IES) has projected fuel prices to remain largely unchanged for the October 2017 pricing-window. This, according to IES, is due to the stability of the local currency against the US Dollar, and the six per cent drop in gasoline price, coupled with the rise in gasoil price on the world market. Below ...

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OmniBank holds ‘Clinic’ to expose SMEs to funding opportunities

OmniBank has organised the 3rd of its SME Clinics for 2017 at the British Council in Accra. The clinic which forms part of the Bank’s SME Education activities is to equip small and medium enterprises with the knowledge they need to effectively compete in the marketplace. The clinic, on the topic ‘Innovative Financing Options for Businesses’, is to help the SMEs identify the right financing opportunities ava ...

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