With the country expecting its fourth consecutive decline in oil production since 2010 - as a result of reduced production in all three existing oil fields, industry experts are raising concerns about the impact on Ghana National Petroleum Corporation’s (GNPC) financial stability.
They warned that a dent in the national...
Management of the Ghana Cocoa Board (COCOBOD) has moved to end the practice of weighing-scales tampering with fresh preventive and punitive measures.
Cocoa buyers in the West African nation have come under fire after a media exposé revealed systemic cheating of cocoa farmers through adjustment of analogue weighing scales.
According to...
Countries may ban the exportation of certain commodities from time to time. It is not an altogether uncommon thing to do, and it may occur for several different reasons.
The length of time a commodity may remain banned is entirely relative to the reason or reasons it was banned for,...
Some cocoa farmers in the Wassa enclave of the Western Region have resorted to proceeds they realise from trading-off portions of their farms to illegal miners in order to maintain their cocoa farms, the B&FT has gathered.
Sources say the inability of farmers to raise substantial funds during off-seasons to...
Stakeholders in the Ghanaian chocolate industry have said the euphoria surrounding a new production record of 1.03 million metric tonnes (MT) of cocoa beans by COCOBOD for the 2020/2021 crop season, would further overshadow campaigns for value addition to the commodity.
The absence of a clearer approach and roadmap to...
Cocoa farmers in the Atwima Mponua District have been urged to adopt climate-smart farming practices to boost cocoa production in the district.
Mr. Kwame Kyere Pumpuni, a Community Liaison Officer for the Resource Conservation Initiative (RESCONI), said that the motivation behind this initiative is to ensure a decent living income...
The Ministry of Lands and Natural Resources has said concerns about the intended government initiative to purchase oil with gold from the country will be resolved as the country readies to receive the first consignment of oil under the policy in a week.
According to the Deputy Minister for Lands...
The Public Interest and Accountability Committee (PIAC) has warned against the use of oil revenue as collateral for government borrowing, arguing that the practice could prevent the country from making the most of its hydrocarbon resources.
The warning comes after an analysis by PIAC showed that between 2014 and 2019,...
The Institute for Energy Security (IES) is predicting a sharp increase in fuel prices in December 2020.
According to the IES, the increase is due to a 11.5% increase in prices of International Benchmark- Brent crude, the 6.94% increase in prices of Gasoline, 7.26% increase in Gasoline prices and the...