Ghana Financial News
03.04 / 07:03
Citi
BBC
community
country
information
reports
Videos
Ghanaian priest, 63, ties knot with 12-YO girl; sparks controversy
marrying a 12-year-old girl. Despite facing criticism, community leaders have defended the marriage, stating that outsiders fail to understand their customs and traditions. According to a report by BBC, the priest, named Nuumo Borketey Laweh Tsuru XXXIII, conducted the marriage in a customary ceremony held on Saturday.
02.04 / 00:35
markets
COST
UPS
Food
Bill
Oh dear! The bill for your dinner date just went up. Blame it on pricey cocoa, coffee, palm oil & sugar
chocolates. Bills at quick service and fine-dining restaurants may rise 5-8% starting this month as prices of cocoa, coffee, palm oil and sugar have surged over the past quarter. This will be the first such increase in about 1.5 years, said industry executives and restaurateurs. Prices of cocoa and coffee are at all-time highs and palm oil has risen 10% Y-o-Y. Executives at a dozen restaurant and cafe chains said they are evaluating price hikes this month itself. Aseem Grover, owner of the upscale The Big Chill Cafe and dessert chain The Big Chill Cakery, is monitoring costs carefully.
29.03 / 18:21
COST
UPS
BLOCK
Trade
reports
It's a bittersweet Easter for chocolate lovers but big companies see profits
Easter baskets this year. Chocolate eggs and bunnies are more expensive than ever as changing climate patterns eat into global cocoa supplies and the earnings of farmers in West Africa. About three-quarters of the world's cocoa — the main ingredient in chocolate — are produced on cacao trees in Ghana, Ivory Coast, Nigeria and Cameroon. But dusty seasonal winds from the Sahara were severe in recent months, blocking out the sunlight needed for bean pods to grow. The season prior, heavy rainfall spread a rotting disease. With exports from the Ivory Coast, the world's top producer, down by a third in recent months, the global price of cocoa has risen sharply. Cocoa futures have already doubled this year, trading at a record high of more than $10,000 per metric ton in New York on Tuesday after rising more than 60% the previous year. Farmers who harvest cacao beans say the increases aren't enough to cover their lower yields and higher production costs.
29.03 / 11:29
markets
COST
UPS
ICE
Nestle
wellness
Chocolates to get pricier—or less chocolatey—as cocoa breaches historical mark
NEW DELHI : Chocolates could get more expensive, smaller (although perhaps not noticeably, a typical shrinkflation trait), or simply have less cocoa in them in a few months if cocoa prices aren’t tamed by then. These are the primary options chocolate and candy makers as well as those selling cookies and ice creams are weighing after global cocoa prices touched record highs earlier this week. India imports a significant volume of the primary ingredient that goes into making chocolates.
28.03 / 15:41
26.03 / 13:23
25.03 / 12:09
Ghana's central bank leaves key interest rate unchanged
ACCRA (Reuters) — Ghana's central bank kept its key interest rate at 29% in a decision announced on Monday, saying inflation risks were still on the upside and required close monitoring.
19.03 / 17:21
CBDC
Liberia is Working to Build CBDC with Blockchain Solutions Firm Gluwa
West African nation Liberia is mulling to create central bank digital currency (CBDC) in collaboration with real-world asset platform Gluwa.
05.03 / 00:47
markets
Platform
Software
Sustainability
students
social
Schools
HCL Group invests Rs 166 crore in edtech firm Education Initiatives
HCL Group has invested Rs 166 crore to acquire a minority stake in education software company Educational Initiatives (Ei) This is a part of the secondary stake sale, where HCL Group has acquired a portion of the stake held by Mumbai-based private equity firm Gaja Capital in Ei.
27.02 / 20:25
15.02 / 09:17
markets
UPS
Digital
Yellow
Election
Gold demand in India can go up to 900 tonnes this year
Mint. However, a pick up in the purchase of gold is expected during the second half of the year, as good monsoons are likely to see a spurt in the demand for the yellow metal and as consumers adjust to higher prices, Somasundaram said. "There is going to be a spurt in demand for gold after general elections, as people will have more money in hand," he added.
13.02 / 06:39
markets
UPS
Citi
Provident
CEO
Remark
rights
Dubai's Real Estate Partner Revealed, Realtor with Remarkable Expertise
Dubai/ 12 February 2024: HJ Real Estates emerges as the fastest-growing independent real estate channel partner in Dubai, UAE. It partners with over 24+ globally renowned real estate developers, facilitating the sale of properties - studios, apartments, villas, and ready-to-move properties, including off-plan projects. The company excels in providing property management, mortgage advisory services, currency exchange, and others apart from property sales in Dubai.
12.02 / 22:49
markets
COST
Trade
love
Celebrity
International
Rising Cocoa Prices Make Chocolate More Expensive This Valentine's Day
If your loved one is expecting chocolate this Valentine's Day, celebrating it may prove not-so-sweet for your wallet.
18.01 / 17:59
Provident
security
performer
stars
shock
Equality
Egypt vs Ghana: Live stream, TV channel and more
Africa Cup of Nations after facing challenging initial matches. Ghana suffered a setback in their first game as Cape Verde secured a shocking victory with a 92nd-minute winner from Garry Rodrigues. Despite Alexander Djiku's equalizer, Jamiro Monteiro's opener gave Cape Verde the lead. Meanwhile, Egypt managed to salvage a point in their opening game against Mozambique, with Liverpool star Mo Salah converting a 97th-minute penalty after Mozambique took a 2-1 lead.
11.01 / 20:51
Provident
security
Software
Justice
electronic
Department
Courts
German software giant SAP fined more than $220M to resolve US bribery allegations
German software giant SAP will pay more than $220 million in fines to resolve U.S. bribery allegations involving payments to foreign government officials
10.01 / 19:59
security
Software
wellness
Justice
country
Department
Investigations
SAP to pay $222 million to settle US bribery charges
(Reuters) -SAP, the German software company, agreed to pay about $222 million to resolve two investigations into bribery schemes in seven countries, U.S. authorities said on Wednesday.
04.01 / 12:03
CBDC
RBI
India’s Digital Rupee Hit 1 Million Daily Transactions in December: Report
India’s digital rupee hit 1 million daily transactions in December, aligning with the Reserve Bank of India’s targeted goal for daily transactions by the end of 2023, Reuters reported.
30.12 / 16:06
Platform
Align
country
2024
28 countries, 14 organisations confirmed as partners so far for Vibrant Guj Global Summit 2024: Govt
organisations have so far confirmed to be partners for the upcoming Vibrant Gujarat Global Summit (VGGS) 2024, the state government said on Saturday. The 10th edition of VGGS, based on the 'Gateway to the Future' theme, will be organised in Gandhinagar from January 10 to 12.
26.12 / 20:58
Maxim
Aware
Healthcare
country
innovations
guidelines
India to draft rules for strategic trilateral developmental projects
NEW DELHI : India is working on guidelines for strategic trilateral partnerships to maximize the impact of developmental projects in its neighbourhood and beyond in collaboration with other countries, said people aware of the matter. India has partnered with the UK, the US, France, Japan, and Germany to implement developmental projects in India’s neighbouring regions and key nations in Southeast Asia and Africa. While India has traditionally favoured bilateral developmental projects for ease of coordination, and established political relationships with the recipient countries, it is now exploring collaborations with a select group of countries.
19.12 / 14:59
02.12 / 12:09
Action
President
Experts
stage
country
2020
COP28: Calls for more nuclear and less 'destructive' methane
United States led calls at UN climate talks Saturday for efforts to curb methane emissions but also pushed a deeply controversial drive to boost nuclear energy to curb global warming. With smoggy skies in Dubai highlighting the challenges facing the world, other pledges are expected at the COP28 conference, including stepping up the deployment of renewable energy. The use of nuclear power as a cleaner alternative to fossil fuels is highly controversial as environmental groups are concerned about safety and the disposal of nuclear waste. But more than 20 nations ranging from the US to Ghana, Japan and several European countries said in a declaration that it plays a «key role» in the goal of achieving carbon neutrality by mid-century. They called for the tripling of nuclear energy capacity by 2050 from 2020 levels. «We are not making the argument to anybody that this is absolutely going to be a sweeping alternative to every other energy source,» US climate envoy John Kerry said at COP28. «But we know because (of) the science and the reality of facts… that you can't get to net zero 2050 without some nuclear,» he said. The other signatories include Britain, France, South Korea, Ukraine and the United Arab Emirates.
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