Business – Eastern FM 105.1

Ghana egg suppliers demand action over Burkina Faso export ban

April 15, 2026April 15, 2026 admin

Egg suppliers in Koforidua have joined growing calls for government intervention to resolve a trade impasse with Burkina Faso, which has halted egg exports for more than two months and triggered a glut on the domestic market.

The appeal follows concerns raised by the Poultry Farmers, Egg Sellers and Exporters Association at a recent press conference in Dormaa Ahenkro, one of Ghana’s leading egg-producing centres, where stakeholders warned of mounting losses due to restricted cross-border trade.

The suspension is reportedly linked to health concerns stemming from Ghana’s earlier bird flu outbreak, which industry players say has not been conclusively addressed through an official government white paper, leaving the restrictions in place.

No financial transactions with Ghana Card yet, says NIA

April 9, 2026April 9, 2026 admin

The National Identification Authority (NIA) has issued a firm denial of recent claims suggesting that the Ghana Card can now be used to perform financial transactions, describing the information as inaccurate and misleading.

In a press release issued on April 8, 2026, the Authority stated that the Ghana Card has not been activated for financial transaction purposes at this time.

“The Authority states unequivocally that the Ghana Card has not been activated for financial transaction purposes at this time. Members of the public are advised to disregard any such claims and are encouraged to rely only on official communications from the National Identification Authority,” the statement read.

Unilever Ghana proposes GH¢1 per share dividend as cash balance doubles

April 1, 2026April 1, 2026 admin

Unilever Ghana PLC recorded a profit after tax of GH¢95.73 million for the year ended December 31, 2025, representing a 65 per cent increase from the GH¢58.05 million reported in the previous year, according to the company’s audited financial statements released on March 30, 2026.

The financial statements, signed by Managing Director Chris Wulf-Caesar and Director Charles B. Nimako, showed that total revenue for the year rose by 12 per cent to GH¢1.04 billion from GH¢930.81 million in 2024. Gross profit increased to GH¢409.23 million from GH¢352.82 million.

Operating profit climbed to GH¢143.31 million from GH¢95.24 million in the prior year, while profit before taxation stood at GH¢143.06 million, up from GH¢92.25 million. Income tax expense for the year amounted to GH¢47.33 million.

Food Box Celebrates Ghana’s Independence Month with Special Meal Discounts

March 13, 2026March 13, 2026 admin

As Ghana marks another year of independence, local food brand Food Box is joining the celebration by giving customers a delicious reason to enjoy the month even more. Known for serving satisfying and affordable meals, Food Box has announced a special Independence Month promotion offering discounts on all meals.

The promotion runs from Thursday 12th March to Saturday 28th March, giving customers the opportunity to enjoy their favourite meals at reduced prices. The discounted offer is available exclusively through the Hubtel app, making it convenient for customers to order their meals from anywhere.

Food Box has built a reputation for providing tasty, well-portioned meals that appeal to a wide range of customers. During the Independence Month promotion, customers can enjoy popular menu options such as:

March 9: Cedi sells at GHS11.75 on forex market, GHS10.78 on interbank

March 9, 2026March 9, 2026 admin

The Ghanaian cedi has depreciated slightly in value against the US dollar on Monday, March 9, 2026, recording an average buying rate of GHS10.71 and a selling rate of GHS11.36.

At forex bureaus, the cedi is trading at GHS11.40 for dollar purchases and GHS11.75 for dollar sales.

These figures are sourced from Cedirates.com, a reliable Ghanaian platform that tracks daily currency and fuel rates.

On the Bank of Ghana interbank market, the cedi is trading at GHS10.76 for buying and GHS10.78 for selling.

GRA interdicts 5 customs officers over transit cargo irregularities

February 25, 2026February 25, 2026 admin

The Ghana Revenue Authority has interdicted five officers from its Customs Division following what it described as discrepancies uncovered during an enforcement operation involving transit cargo bound for Niger.

In a press release issued on February 24, 2026, the Authority said the officers had been suspended with immediate effect pending the outcome of an internal investigation.

The action stems from preliminary findings linked to an operation conducted on February 18, 2026. According to the statement, the exercise focused on a consignment of goods declared as transit cargo for onward movement to Niger. However, officials identified irregularities in the accompanying documentation and compliance with established transit procedures.

Cement firms warn of price hikes as clinker ships stall at port

February 24, 2026February 24, 2026 admin

The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has convened talks with cement manufacturers and port authorities to address mounting congestion at the harbour that has left clinker shipments stranded and exposed producers to heavy financial losses.

The emergency meeting, held on February 23, 2026, in collaboration with the Minister for Transport, Joseph Bukari Nikpe, focused on persistent operational bottlenecks that have delayed the discharge of clinker, a critical raw material in cement production, for as long as two to three weeks.

Industry players say vessels carrying clinker are currently waiting between 13 and 20 days to berth, attracting substantial demurrage charges. They warned that if the situation persists, the additional costs could ultimately be transferred to consumers through higher cement prices.

MTN to invest $1.1bn in Ghana – It elevates country to third major subsidiary

February 24, 2026February 24, 2026 admin

The Chief Executive Officer (CEO) of MTN Group, Ralph Mupita, has reaffirmed Ghana’s strategic importance within the multinational telecoms company’s portfolio, announcing plans to invest $1.1 billion in the country over the next three years to accelerate digital and financial inclusion.

The investment, he said, would focus heavily on expanding digital infrastructure, improving quality of service and deepening broadband coverage.

“We already have 5,000 sites where we have telecommunications equipment that connect our customers here in Ghana. Just this year alone, we’re going to add another 500,” he said during an engagement with a cross-section of the media in Accra last Friday.

SEC warns public against unlicensed investment scheme by Mekanism Marketing Ltd

February 18, 2026February 18, 2026 admin

The Securities and Exchange Commission (SEC), Ghana, has issued a public notice cautioning against an unlicensed investment scheme being promoted online by Mekanism Marketing Ltd, also referred to as “Mekanism.”

The SEC stated unequivocally that the entity is not licensed, authorised, or approved to operate in Ghana’s capital market, making its activities illegal.

According to the notice dated February 16, the scheme solicits funds from the public through social media advertisements and online platforms, promising unrealistic fixed daily returns based on vague tasks labeled “Job 1” to “Job 10.”

Govt to distribute 7m birds under Nkoko Nkitinkiti poultry rollout

February 16, 2026February 16, 2026 admin

The government is targeting the distribution of seven million birds this year under the Nkoko Nkitinkinti initiative as part of efforts to scale up poultry production and reduce the country’s dependence on meat imports. The exercise forms part of the poultry revitalisation drive under the Feed Ghana Programme (FGP), a flagship agriculture programme of the government. At the rollout of the distribution in Accra last Friday (February 13), the National Coordinator of the FGP, Bright Kwadzo Demordzi, said the target was to recruit and train poultry farmers across the country…