Prez Mahama Commissions Komenda Sugar Factory, Over 7,000 Jobs To Be Created (AUDIO+PHOTOS)

President John Dramani Mahama will today commission the new Komenda Sugar Factory at Komenda in the Komenda-Edina-Eguafo-Abrem (KEEA) District of the Central Region. This was made known by the Minister of Communications, Dr Edward Omane Boamah.

Investors shun Ghana’s 500 million cedi three year bond

Ghana’s 500 million cedi three year bond issued last week was heavily ditched by investors. Ghana was seeking 500 million cedis but total bids tendered were only 341 million cedis.

Gov't issues GH¢500m bond again

The Bank of Ghana (BoG) has issued a 500 million Ghana cedi bond today to help government raise funds to restructure its debt and maturity settlement.

A statement copied to Citi Business News indicated that the move is in accordance with government’s securities for May 2016; which is at a 3-year fixed rate bond through the auction process.

According to the statement, the instrument will be issued at par, bearing a coupon rate equal to the highest competitive bid accepted at the auction for the security, and shall carry throughout the term of the security.

Business News

Safeway saga: W/R investors reject July repayment plan

• Amansie West Rural Bank inaugurates OWASS branch
• Coal power plant to cost US$1.5b
• GREDA wants gov’t to enforce policies on local raw materials usage
• Gov’t, IFAD inject $1.13 million to boost agriculture
• Ghana to partner UNWTO’s Foundation in capacity development
• GIFEC must diversify funding sources - Ato Sarpong
• Africa loses US$38b to tax evasion - report
• CAL Bank to halt branch networks - MD
• COCOBOD confident of achieving 850,000m/t target
• ‘Mobile money sector needs policy direction’
• Poor roads hinder wind-power
• Will Newmont stock be hurt by lower gold prices?
• Ban importation of Chinese cement – Dangote appeals to Gov’t

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Sports

Andre Ayew not surprised by speculation after good season

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• Chelsea linked with Ghana star Andre Ayew
• Drawing with Hearts was just unfortunate - Aristica Cioba
• Ghana Premier League Match Report: WAFA 1-0 Techiman City
• Match Report: Aduana Stars 1-1 Hearts of Oak

Business

Ghana targets SME growth in OBG report

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Why Obinim was not part of most influencial Ghanaians - Dave Hammer

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Today's Business

DKM Debt For Sale

Ministry Of Trade Moves To Boost Cashew Production Take Advantage Of Tax Reforms To Maximize Returns GNPC Boss Justifies $100m Karpower Investment Ghana’s Economy Likely To Pick-Up Shortly – Aryeetey Four Accounting Hacks That Keep Small Businesses Afloat – And Profitable see more at: http://peacefmonline.com/pages/business/

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Bad Economy Forces Businesses Out

Eleazer Nyaunu, the Regional Officer of the Industrial and Commercial Union (ICU), has observed that many companies are relocating to neighbouring countries as result of the high operational cost in the country.

According to him, businesses in Ghana are relocating to neighbouring countries like Ivory Coast due to the unfavourable economy in Ghana. read more >> http://business.peacefmonline.com/pages/news/201604/277539.php

Ghana Web Business

Business News of April 29th

• Farmers introduced to additional source of income
• Bankers urge Ghanaians to take on retirement plans
• Groupe Nduom Acquires ISF Bank, in Chicago

April 28th

• Fuel prices set to go up
• Packaging of local products need improvement - Minister
• GPHA to monitor ports with drones
• Airtel Ghana powers TEDxAccra
• Single-digit inflation by 2017 - Mahama
• Plan to encourage Islamic banking faces setback
• Bank charges up by 100%
• High taxes threaten aviation industry
• NCA Quality Of Service Tests confirm MTN’s superior services
• Protect lands of peasant farmers – Assoc. urges gov't
• Farmers want irrigation project expunged from Green Book
• FDA to certify palm oil dealers in VR
• FPSO : Why the frequent breakdown
• Ghana to lose skilled labour to greener countries
• GhIPSS, EDAPT sign new deal
• ICU threatens court action over 27% petroleum tax
• 2015 economic growth slows marginally to 3.9%
• Huge debts suffocate VRA
• BoG boss pledges to pursue SMEs growth
• Farmers urged to adopt modern technology
• Policies not friendly for impact investment - Venture Capital CEO
• SMEs require state support - Prof. Brimah
• First Banc’s mutual funds make substantial gains

see more at: http://www.ghanaweb.com/GhanaHomePage/business/

Business News

Peasant farmers laud gov’t fertilizer and seed subsidy programmeThe Peasant Farmers Association of Ghana says government’s fertilizer and seed subsidy programme is a

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  SMEs need resilient strategies to grow
  
  Managing Consultant of Feniks Limited Pearl Esua-Mensah has challenged owners of Small and Medium-sized Enterprises (SMEs) to adopt resilient strategies....
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  Ford introduces new range of smart trucks
  
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  Stanbic Bank supports EWN to fight for women empowerment
  
  The Private Banking Unit of Stanbic Bank has affirmed its support for the Executive Womens' Network (EWN), a group of....
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  NCA quality of service tests confirm MTN’s superior services
  
  Ghana’s leading telecommunications giant, MTN Ghana consistently shows superior quality as it continues to excel in the National Communications Authority’s....
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  Ghana ranks second among highest interest rates countries
  
  Rising interest rates in Ghana is stoking cost of borrowing and forcing businesses to go bankrupt, research conducted by an....
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