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By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- An estimated US$400 million or more is expected to be used to address the ravaging Cocoa Swollen Shoot Virus Disease (CSSVD), and over-aged or moribund cocoa farms, which have significantly affected the country’s cocoa production for some time now. According to Ghana Cocoa Board (COCOBOD), about 40 percent of Ghana’s cocoa farms are diseased, over-aged or moribund. This is attributed to data gathered in a survey conducted from 2006 to 2017. Out of a total of 1,913,166.30 hectares of cocoa farms surveyed, 315,886.06 hectares of the outbreak was discovered. It emerged that 17 percent of the cocoa area surveyed was affected by the disease while over 23 percent of the total cocoa tree stock was over-aged [over 30 years]. In...

By Abdul Rahman Bangura– NEW AFRICA  DAILY NEWS (NADN) Freetown, Sierra Leone- The Global Startup Awards (GSA) is intensifying its existence across all the African nations. The GSA is the widest autonomous startup ecosystem awards forum with a mission to find, recognize and bind the future shapers of the digital age from all around the globe. Hitherto the introductory liftoff of the Southern African chapter in 2018, the emphasis on African tech innovators and the continent’s ecosystem has evolve a transnational priority, with a essential pointer of this, being the upswing in foreign direct investment in African tech startups growing to over $2 billion in 2019 – a 567% rise from 2016, according to Partech Africa Annual Reports. The expansion of the GSA Africa will now comprise all 54...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana-  The 2019 Financial Stability Review report released by the Bank of Ghana (BoG) has revealed that Ghana’s exports increased by 4.6 percent to $15.6 billion in 2019. This improvement in exports, according to the report, was driven largely by a 14.6 percent and 8.6 percent growth in gold and cocoa exports respectively. “The general increase in commodity prices and volumes of export significantly impacted the trade balance. On the whole, Ghana’s exports increased by 4.6 percent to US$15.6 billion in 2019. This improvement in exports was driven largely by a 14.6 percent and 8.6 percent growth in gold and cocoa exports respectively. On the other hand, imports generally recorded a slower pace of growth in 2019, mainly as a result...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The blastoff of West Africa’s prime Exchange Traded Derivatives (ETDs) on The Nigerian Stock Exchange (NSE) is ready pursuing the registration of NG Clearing by the Securities and Exchange Commission (SEC) as an upmarket Central Counterparty Clearing House (CCP). The approval-in-principle will enable The Exchange to establish ETDs aided by NG Clearing in the risk management process. Establish by key players in the Nigerian financial industry comprising the NSE, Central Securities Clearing System (CSCS) and top-tiered banks, NG Clearing will take advantage of a key role in the financial market ecosystem, by steering the safety and stability of Africa’s global marketplace through fruitful and immediate...