International trade chiefly involves the activities related to the worldwide exchange of goods and services to satisfy consumer needs. The said activities include acquiring, managing, and developing financial, physical and human resources. International Retail has a broader scope. The Wiley Online Library breaks down International Retail as the following: “International retail...
The Ghana Revenue Authority (GRA) is in pursuit of some eight international oil companies (IOCs) to recover outstanding Surface Rentals payments owed the country, which for the 2022 half-year alone total US$2.7million. This is out of an estimated US$3.4million Surface Rentals payment expected to have been received in the period...
In order to advance and strengthen cooperation between the two nations in the oil and gas industry, the Ghana National Petroleum Corporation (GNPC-Ghana) and the Gambia National Petroleum Corporation (GNPC-Gambia) have renewed their Memorandum of Understanding (MOU), which was initially signed in 2019. The new MoU extends cooperation between the...
...Assessing KOA's definition of sustainability and the treatment of their partner farmers My concluding thoughts During my Master’s Thesis in 2019, I reflected on almost all the known initiatives the Ghana Government and industry stakeholders announced to have implemented to address the livelihood changes of smallholder farmers. I concluded that: “It is...
Demeter Ghana Limited and Beft Agro Limited have renewed their partnership with the Ghana Cocoa Board (COCOBOD) to provide cocoa farmers with Omya Calciprill to tackle soil acidity (low pH). Studies have shown that low soil pH levels lead to low cocoa cultivation yields as it inhibits the levels of...
The Cedi weakened marginally to a fresh dollar low this week, trading at 10.48 from 10.45 at last week’s close. Moody’s became the latest to cut Ghana’s credit rating, lowering by one rung to Caa2, eight levels below investment grade, citing macroeconomic deterioration that has dealt a further blow...
Cocoa Merchant Ghana Limited (CML) and BeyondBean Foundation have announced GH₵1,115,200million premium for the 2020/22 cocoa season for farmers in Samreboi, which translates to GH₵20.50 per bag that will be purchased within the period. This announcement represents a 33.3 percent increase of the GH₵15 per bag premium paid during the...
Federated Commodities Limited (FEDCo), a licensed cocoa buying company, has presented a cheque for GH¢4.5million as premium to certified cocoa farmers for the 2021/2022 crop season. The premium is to encourage the famers to give off their best, especially on best farming practices, and it also forms part of the...
The country recorded 25.8 million (bbls) of crude oil in the first half-year of 2022 from its three offshore producing fields - Jubilee, Tweneboa Enyera and Ntomme (TEN) and Sankofa Gye Nyame (SGN), a reduction of about 1.9 million barrels from the previous year’s production. Jubilee recorded 14.9 million bbls,...
The Associate Executive Director of WACAM, Hannah Owusu-Koranteng, has stated that mining communities - especially cocoa farming areas - are being completely demolished as a result of weak laws and the lobby power of mining companies, which have emboldened them to bully farmers and local residents. She stressed that mining...