Business

Local Economy Under Siege: Ada Tomato Farmers Demand MoFA Audit Following Unprecedented 2026 Seedling Failures

Local Economy Under Siege: Ada Tomato Farmers Demand MoFA Audit Following Unprecedented 2026 Seedling Failures

Aggrieved primary producers across Ada East and West are petitioning Agriculture Minister Eric Opoku to investigate a devastating crop die-off threatening local food security and rural livelihoods. Already reeling from systemic seedling die-offs, tomato growers in the Ada enclave report a surge in unauthorized flashlight harvesting by night-time marauders capitalizing on favorable market prices.

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GACL Earmarks First-Ever GH¢30m Government Dividend Since 2007 Inception

GACL Earmarks First-Ever GH¢30m Government Dividend Since 2007 Inception

Ghana Airports Company Limited makes history by allocating an initial GH¢30 million dividend to the state, driven by surging net profits reaching GH¢354.6 million. Despite managing cash constraints, massive debt servicing for Terminal 3, and loss-making regional airports, GACL approves its inaugural dividend.

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“We Don’t Trade Currency”: GoldBod CEO Sammy Gyamfi Clarifies Forex Model to PAC.

“We Don’t Trade Currency”: GoldBod CEO Sammy Gyamfi Clarifies Forex Model to PAC.

GoldBod CEO Sammy Gyamfi has told Parliament's Public Accounts Committee that the Ghana Gold Board does not speculatively trade forex, explaining its currency liquidation is strictly bound by Act 1140. Appearing before the PAC, GoldBod CEO Sammy Gyamfi dismissed claims of severe financial deficits, presenting audited data showing a massive GH¢5.4 billion total surplus for its inaugural year.

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Bank of Ghana Launches Direct Cedi-to-Yuan Trade Settlement to Ease Dollar Pressures: Importers Can Now Settle Chinese Bills Directly in Yuan

Bank of Ghana Launches Direct Cedi-to-Yuan Trade Settlement to Ease Dollar Pressures: Importers Can Now Settle Chinese Bills Directly in Yuan

The Bank of Ghana (BoG) has introduced a direct Ghana cedi-to-Chinese yuan payment channel to ease foreign exchange pressures. Announced by Governor Dr. Johnson Pandit Asiama during the 132nd MPC press briefing, the de-dollarisation framework is currently being piloted by Stanbic Bank Ghana using China’s CIPS infrastructure. The system allows domestic businesses to clear trade bills without requiring intermediate US dollars

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Fuel Prices Set to Jump as Global Oil Costs Rally, COPEC Warns.

Fuel Prices Set to Jump as Global Oil Costs Rally, COPEC Warns.

Ghanaians face heavy blow at the pumps as fuel prices are set to skyrocket, driven by a sharp surge in global crude oil and refined petroleum costs. According to projections from the Chamber of Petroleum Consumers (COPEC), petrol will average GH¢16.26 per litre while diesel faces a steep 10.23% jump to an average of GH¢19.07 per litre.

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