GOIL reduces fuel prices again


Tema,- GOIL Company Limited has reduced the price of a litre of Super XP RON95 from GH¢6.70 to GH¢6.60 and Diesel XP also from GH¢6.


70 to GH¢6.60, GOIL Corporate Affairs statement copied to the Ghana News Agency in Tema on Friday stated.


GOIL on November 23rd, reduced the price per liter of fuel, by GH¢0.14, then again on December 7th reduced it by GH¢0.15, and on December 17th reduced further down by GH¢0.10.


According to the statement, GOIL has a large and growing retail network of unparalleled geographical spread, currently comprising more than 400 service stations, and over 150 bulk consumer outlets spread across the country.


The consumer outlets include companies, schools, hospitals, factories, hotels, and banks amongst others. In addition, there are a number of other retail outlets established to market premix fuel and kerosene to rural areas.


The Company?s geographical spread places it first in terms of the distribution of petroleum products and its network enables its products to reach virtually all parts of the country.


GOIL fuel is widely preferred because of the many advantages; GOIL sells additive fuels that give high performance. GOIL fuel is economical because it reduces fuel consumption and maintenance costs; it is efficient because it disperses water and improves combustion and it also reduces fumes and toxic emissions.


Source: Ghana News Agency

GIHOC to take advantage of Ghana-Mexico trade relations

Accra, Dec 17, GNA- Following trade negotiations between Ghana and Mexico to begin in tomatoes and tequila, GIHOC Ghana Limited has also joined the bandwagon.


The trade negotiations, which is being faciliited by Ghana International Trade and Finance conference (GITFIC) would empower GIHOC to export their products to Mexico and also import some goods and raw materials for their products from Mexico.


Speaking to the Ghana News Agency in Accra on Friday, Mr Selasi Koffi Ackom, Chief Executive Officer of GITFIC said a delegation from his outfit and the Mexican Mission in Ghana met the entire Management of GIHOC, where they had a factory tour after a fruitful discussion.


He said as part of their arrangements, GIHOC, which is and the oldest and largest Alcoholic Beverage in West Africa would be exporting to the Mexican Market and also be buying from the Mexican Market to Ghana.


He said GIHOC, the new owner and operators of the Aboso Glass Factory Industrialization would also begin the production next year.


Mr Ackom said beginning the glass factory would mean that they would no more import glass products for their bottling and packaging.


He gave the assurance that the National Investment Bank and the Bank of Africa had given their commitment to Trade-Finance the venture.


Mr Ackom said the visit and negotiations that were led by his outfit with the Mexican Ambassador to Ghana and his Deputy Head of Mission was to leverage on trade relations between the two countries.


He said though there had been trade relations between them in the past, current negotiations could catapult them to higher levels in succeeding years.


Source: Ghana News Agency

West African and Latin American Trade Investment Conference slated for February

Tema, Dec. 17, GNA- The West African Cities Development Consult Limited and the West African Latin American Trade and Investment Conference has been slated for February 2022 at Belize to pave the way for investors around the world to trade and exchange ideas.


Alhaji Khuzaima Mohammed Osman, Director of International Relations of the African Cities Development Consult Limited said it was aimed to create business opportunities for investors to build and promote businesses and also, meet new investors from Latin American countries and the West African countries.


Alhaji Osman stated at the “Ghana News Agency-Tema Regional Industrial News Hub Boardroom Dialogue,” which is a media think-tank platform for commercial and business operators to communicate to the world.


He added that it would be an opportunity for business men and entrepreneurs to have direct partnerships with Latin America.


He explained that the African Cities Development Consult is the leading Ghanaian- based private youth led company organising, in collaboration with its counterparts in Belize, Guatemala and Mexico, the first West African Latin American Trade and Investment Conference.


He said that corporate bodies all over the world including government agencies responsible for businesses in the West African sub region would be attracted.


Alhaji Osman added that there would be an exhibition of cultural display and discussion on interfaith collaboration.


He said that the purpose of the cultural display was to portray the rich African culture especially from the West African sub-region to encourage tourists from Latin America to visit African countries.


He said more employment opportunities would be created and farmers would be recognized with chances for individuals to be entrepreneurs after the conference.


The conference seeks to establish strong business, investment and cultural relations between the West African and Latin American countries.


It will also promote West Africa businesses and investment opportunities to Latin America and the globe especially in West Africa.


The conference will attract corporate bodies all over the world, including government agencies responsible for businesses in the West African sub region especially.


Religious, interfaith leaders and peace actors would also have an opportunity to showcase religious tolerance, harmony and understanding for peace and development.


Mr. Francis Ameyibor, Tema Regional Manager of the GNA, on his part said, as an industrial news hub, there was the need to engage those in the industry on national issues to educate the public.


“As Industrial News Hub, GNA-Tema has created a platform for industrial players to use, for other stakeholders to reach out in a proactive means while serving as grounds to address national issues,” he said.


Source: Ghana News Agency

BasicNeeds-Ghana hands over matched savings accounts to families

     Tamale,– BasicNeeds-Ghana, a mental health and development advocacy organisation, has handed over matched children’s savings accounts to 47 families in the Tamale Metropolis and Sagnarigu Municipality to ensure their access to funds to undertake various economic activities.


     Each of the families made monthly deposits to the children’s savings accounts within a period of nine months, and the amount each family deposited monthly was matched with twice the amount to increase their savings.


     This is to empower them economically to better take care of their children, especially the education of their girl children to prevent them from migrating to the southern part of the country in search of jobs which rarely exist.


     This formed part of the ANZANSI Study project, which is being implemented by BasicNeeds-Ghana in collaboration with Washington University, St. Louis, Missouri, USA, School of Public Health, University of Ghana, Department of Social Work, University of Ghana, and BIBIR-Ghana, with funding from the National Institutes of Health of the United States of America.


     The ANZANSI Study project is a two-year initiative, which seeks to examine whether an innovative combination intervention could curtail the unaccompanied rural-to-urban migratory patterns and involvement in child labour among poverty-impacted Ghanaian female youth in Northern Region.   


     Mr Kingsley Kumbelim, a Project Officer at BasicNeeds-Ghana, and Ghana Coordinator of the ANZANSI Study project, who handed over the matched children’s savings accounts to the families in Tamale, emphasised the need for them to put the money into productive ventures to yield profit to financially support their families and education of their girl children.


     A key component of the project was a family-level economic empowerment intervention, aimed at creating and strengthening financial stability through the use of matched children’s savings accounts and microfinance in poor households.


     Another component was the multiple family group intervention, which focused on addressing family functioning and parental beliefs around girls’ education, gender norms, and child labour.


     Mr Kumbelim said the project facilitated the opening of child savings accounts for families and added that families were required to make deposits monthly in their accounts, which in turn, was matched on a ratio of 1:2 for a period of nine months.




 He said, “The project is being implemented across some beneficiary Junior High schools in the Tamale Metropolis and Sagnarigu Municipality of the Northern Region, reaching out to 100 families comprising care-givers and their daughters within the ages of 11-14 years enrolled in school.”


     He thanked the beneficiary families for their relentless efforts at seeing to it that the goal of the project was achieved.


     The beneficiary families expressed gratitude to the project partners for the initiative and gave the assurance that they would invest their money into income generating activities to continue to make profits to take care of their families.


     Madam Memunatu Fuseini, a Care-giver, who received her matched child savings account, said the project had introduced her to bank transactions, saying she would use her money to purchase a deep freezer to support her beverage business to earn more income.


     Madam Sanatu Issah, also a Care-giver said through the project, she had learnt that it was not only big businesses that required banking services, adding, she would use her money realised under the project to expand her provision store.


Source: Ghana News Agency


Make your inventions known to Ghanaians— Minister directs CSIR

Accra, Dec. 17, GNA- Dr Kwaku Afriyie, Minister for Environment, Science, Technology and Innovation, has charged the Council for Scientific and Industrial Research (CSIR) to market its research and innovations to generate more revenue.


He said a lot of the CSIR’s inventions were not known to the public, emphasising the need for the organisation to elevate its marketing units and forge business partnerships with the private sector.


“The difference between your research institutions and the purely academic applied research institutions is the emphasis on their economic viability and application.


“…I have a blank cheque from the President to set up a unit which is equivalent to your agencies, an economic and marketing unit manned by professionals who would ensure that any discovery of economic importance can enter the market as quickly as possible,” Dr Afriyie said when he swore in members of the Governing Council of CSIR in Accra on Friday.


The 21-Member Council is chaired by Professor Robert Kingsford Adaboh, who is occupying the position for the second time in a row.


The other members of the Council include: Prof. Victor K. Agyemang, Director-General, CSIR; Mr Wilson Atta Krofah, Representative, Ghana National Chamber of Commerce; Prof. Rita Akosua Dickson, Vice- Chancellor, Kwame Nkrumah University of Science and Technology; Mrs Cynthia Asare Bediako, Chief Director, MESTI; Mr Seth Osei Akoto, Director of Crop Services, Ministry of Food and Agriculture, and Prof. Benjamin J.B. Nyarkoh, Director-General, Ghana Atomic Energy Commission.


Dr Afriyie said the CSIR was a very important institution as far as Ghana’s economic and social development was concerned.


He, therefore, appealed to the Council to support his effort to make the Institute economically viable to effectively discharge its mandate for the public good.


“If you do not speak about your work, people will not know…we want to apply the sciences especially in the agriculture sector so that Ghana can develop,” he said.


Prof. Adaboh said the Council, in its last tenure, worked assiduously to improve and diversify the operations of the CSIR.


He said the CSIR was currently generating 31 per cent of its total expenditure through revenue generation.


He mentioned the amendment of the CSIR Act, revamping of the CSIR commercialisation system and structures, enhancement of the Organisation’s visibility, and building first-class infrastructure as among the issues that the Council would focus on during its second term.


Established in 1958 as the National Research Council, the CSIR has transformed over the last six decades to its present status, comprising 13 Research Institutes and collectively over 60 Field Stations, Research Centres and establishments across country.


Source: Ghana News Agency


Agricultural Business Partnerships inaugurated in Western Region

Essikado (W/R),– Agriculture Business Partnerships (RABPs) has been inaugurated in the Western Region to develop commodity value chains and market linkages for improved market access for farmers.


The initiative would create friendly and less expensive market platforms to enhance internal trade among chain members and also provide a stage for the formation of an apex platform focusing on the sustainable ready market for agriculture commodities in the Region.


Mr Felix Blay Kenya, Axim District Agric Director underscored the importance of the RABPs and said agriculture was a business, and that farmers and value chain members must make their business decisions to grow their businesses.


However, he said there ought to be reliable information to make the right agric business decision, hence the decision to form the RABPs at all levels of the Region.


According to him, the ultimate aim of engaging in farming was to generate income and, therefore, it would be of no value if farmers did not get enough money for their produce.


In that regard, he said the RABPs platform would provide farmers and all those on the agricultural value chain the information needed to make the desired decision that would significantly improve upon their business.


“It is not enough if farmers receive assistance from Agric extension officers to cultivate their produce, but farmers are not able to sell to get enough from what they are doing”, he said.


Mr Kenya urged all in the value chain to make full use of the platform to effectively promote their work.


He mentioned that the same RABPS were being formed in all the Regions of the country and indicated that a national Agric business platform would soon be created and duly inaugurated.


He said the Region had facilitated the formation of similar platforms in all Districts of the Region and urged the chain members at that level to make it more active for it to achieve its intended purpose.


Mr Frederick Aygapong, Chief Director, Western Regional Coordinating Council (WRCC), noted that the platform would go a long way to help farmers to showcase their products to marketers and ultimately improve agriculture in the Region.


With the formation of the RABPS, farmers will have easy access to veterinary services, seeds, fertilizers, and other agric inputs to improve upon their business.


He said WRCC would offer the necessary support to ensure the effective functioning of the platform and encouraged all stakeholders to make use of the platform to improve upon their agric business.


In a short presentation on the RABPS, Mr Ebow Dublin, Regional Monitoring and Evaluation Officer of the Department of Agriculture noted that farmers in Ghana often did not get enough money from their produce due to the unavailability of a ready market, stressing that farmers should not struggle to sell their produce.


He said the platform would create market linkages that support the commodity value chain in the Western Region and help secure ready markets for agricultural produce.


The objective, he said, was to grow Western Region agriculture through the value chain approach and promote market linkages for improved market access.


This, he indicated, required initiatives that would increase production and link farmers to the commodities market.


He said producing a value chain in the business of agriculture provided an opportunity to adapt business models and products that would increase the incomes of participants along the value chain.


Mr Francis Odoom of the Food and Drugs Authority (FDA) took participants through the processes of issuing licenses to food processors and called on the stakeholders in the agricultural value chain to ensure that local agric produce met the standards and were safe for consumption.


Source: Ghana News Agency

Leverage SDG Investor Map to invest in agriculture and manufacturing— Yofi Grant

Kumasi, Dec. 17, GNA— The private sector has been encouraged to use insights from the Sustainable Development Goal (SDG) Investor Map to invest in Ghana’s agriculture and manufacturing sectors for good returns.


The SDG Investor Map is a digital tool that provides market intelligence in investment opportunities in a country, it generates country-level data.


Mr Yofi Grant, Chief Executive Officer of Ghana Investment Promotion Center (GIPC), who made the call said as Ghana continues to recover from the global pandemic, it had become more prudent to adopt development strategies that were aligned with the Sustainable Development Goals (SDGs).


He was speaking to journalists after a breakfast meeting on the second edition of the SDG Investor Map.


“The SDG Investor Map shows exactly where the opportunities are for investors to leverage as this has become a very important source of information for persons seeking to invest in Ghana”, he stated.


He said the government, to accelerate SDG-aligned investments, had partnered the United Nations Development Programme (UNDP) and other stakeholders through the GIPC, to guide investors seeking to venture into priority sectors.


The event rallied together relevant stakeholders to discuss and take advantage of the enormous investment opportunity areas in the agriculture and manufacturing sectors of Ghana, to contribute to the recovery and resilience of these areas.


A second iteration of the SDG Investor Map is currently identifying specific investment opportunities at the local levels, Metropolitan, Municipal, and District Assemblies (MMDAs).


The pilot MMDAs are Kumasi Metropolitan Assembly, Ketu South Municipal Assembly, Sefwi Wiawso Municipal Assembly, Jomoro Municipal Assembly, Sagnarigu District Assembly, and Kassena-Nankana West District Assembly.


Mr Grant called for massive participation by private investors to build a robust economy for Ghana and beyond.


Mr Sukhrob Khoshmukhamedov, Deputy Resident Representative of UNDP in Ghana, highlighting the important role of the agriculture sector in Ghana’s economic growth pledged UNDP’s commitment to supporting the country’s efforts to make it a preferred investment destination.


“Agriculture plays a pivotal role in Ghana’s economy, employing about 60 per cent of the country’s total labour force but only contributing about 20 per cent to the country’s Gross Domestic Product.


UNDP will continue to work with the Government and other partners to transform food and agriculture to be more resilient, equitable, inclusive, environmentally and economically sustainable”, he stressed.


He said UNDP would continue to support the Government’s efforts towards making Ghana an investment-friendly and added that the UNDP would assist in using the SDG Investor Map as a vehicle for strategic development investment.


Mr James Boateng, the 2018 National Best Farmer, highlighted the viable business opportunities in the agricultural sector that potential investors could take advantage of.


They included oil palm plantation, coconut, cashew, maize, and snail farming.


Source: Ghana News Agency

Akumadan tomato farmers hail introduction of high yielding varieties

Akumadan (Ash), – Tomato farmers at Akumadan and its environs in the Offinso North Municipality are hailing the introduction of high-yielding and disease tolerant tomato varieties for cultivation in the country.


According to them, the two new varieties which would soon be released by the Crop Research Institute (CRI) for cultivation, were a game-changer and have the potential to transform the production of the crop not only to increase the yields and income of farmers, but also help to reduce tomato imports into the country.


The Crop Research Institute (CRI) of the Council for Scientific and Industrial Research (CSIR) has announced that it has received approval to release two new tomato varieties for cultivation in Ghana.


Each of the varieties christened ‘CRI Kwabena Kwabena’ and ‘KOPIA tomato’ has the potential to produce 20 tons of tomatoes per hectare of land, three times the yield of the current varieties, which normally produce between 7.5 and 10 tons per hectare.


They are early maturing, and take about 55 days to mature as against the 80 and 90 days of current varieties.


Again, the new varieties are disease tolerant, perform well in forest and transitional zones and have a very bigger fruit size.


Their Brix value, which is the total soluble solids most processing factories looked for, is between 6.3 and 6.8, far above the standard value of 4.8.


This means it would play a dual purpose for both the fresh markets and processing factories.


Funding for the research into the development of these new varieties was provided by the Korean Programme in International Agriculture (KOPIA) and the Government of Ghana through the Obaatanpa Care Programme.


The farmers who spoke to the Ghana News Agency after a training workshop on the cultivation technologies of the new varieties indicated that although they had been ensuring best practices on their tomato fields to attain higher yields, they were of the firm belief that certified seeds of the new varieties had better yielding potentials than the already existing ones.


According to them with the training they had received from the CRI on the new varieties, they were expecting higher produce, almost thrice of tomatoes on the same size of land.


“With these new varieties, the three-acre farm I always use to cultivate is going to be a lot of problem if I do not manage it well, it is high yielding and if care is not taken, I cannot manage the farm size all by myself”, Madam Augustina Agyeman, one of the farmers told the GNA.


Madam Agyeman said during the trials of the new varieties at the project site, she saw some good potentials in the tomato plants which were far different from the local ones they had been cultivating over the years.


She commended the CRI for leading the research to come out with these varieties which had the potential to reduce tomato importation from Burkina Faso and other neighbouring countries.


“The local ones we used to grow, I always have to plant a large field for me to get plenty produce”, Mr Charles Kwaku Gyamfi, a local Chairman for KOPIA, explained.


He added that for his long years in tomato farming, he was very confident the new varieties would be a game-changer and empower them more economically and socially.


Dr Michael Kwabena Osei, a Senior Research Scientist at CRI, who is the Lead Researcher in the development of the new varieties said CRI was committed to developing new crop varieties that would help increase crop yields, increase food production and improve food security in the country.


Professor Moses Ransford Mochiah, Director of CRI told the GNA that the Institute saw the need to come out with some new varieties to address the problems of tomato production in Ghana.


He said the Institute would continue to partner with key players in addressing food insecurities to enhance Ghana’s socio-economic development.


Prof Mochiah called on the government and other key stakeholders to invest more into the research and development of vegetables, especially tomatoes to increase yield production and farmers’ income.


Source: Ghana News Agency