Business: Commodity News

Industrial Commodity Prices To Surge In 2017-World Bank

Friday, January 27, 2017 The World Bank has forecasted strong gains for industrial commodities like energy and metals in 2017; holding crude oil price forecast for the year at $55 per barrel, due to tightening supply and strengthening demand. The Bank's January 2017 Commodity Markets Outlook, said forecast for crude oil ...

Industrial commodities prices to surge in 2017 - World Bank

Friday, January 27, 2017 The World Bank has forecasted strong gains for industrial commodities like energy and metals in 2017, holding crude oil price forecast for the year at $55 per barrel due to tightening supply and strengthening demand. The Bank rsquo;s January 2017 Commodity Markets Outlook, said the forecast for c ...

Industrial Commodities Prices to Surge in 2017- World Bank

Thursday, January 26, 2017 Accra, Jan. 26, GNA - The World Bank has forecasted strong gains for industrial commodities like energy and metals in 2017; holding crude oil price forecast for the year at $55 per barrel, due to tightening supply and strengthening demand. The Bank's January 2017 Commodity Markets Outlook, said f ...

Drop in commodity prices to mar Ghana’s growth – World Bank

Thursday, September 29, 2016 Ghana 8217;s economy continues to stagnate with a decelerating Gross Domestic Product (GDP). This was contained in the second Africa's Pulse report for 2016, which was released today. The report is a twice-yearly World Bank Group analysis of issues shaping Africa's economic prospects. Acco ...

BoG releases funds from major commodity exports onto the market

Saturday, September 24, 2016 The Bank of Ghana (BoG) has begun offloading all Foreign Exchange earnings from the nation rsquo;s cocoa and mineral proceeds directly to universal banks. This is expected to improve banks rsquo; supply of dollars to especially multinational companies that may require it for their operations. ...

Takoradi records least decline as tomato prices drop again

Friday, August 19, 2016 In the third week in August, the price of tomatoes recorded the highest drop of 16 percent. A medium size tin of the commodity is now selling at 5 cedis 70 pesewas. According to Esoko Ghana, fresh tubers of cassava and yam however recorded one percent drop in price each. A medium size tuber ...

Commodity prices drop in Ghanaian markets

Friday, July 8, 2016 Prices of some commodities in the country have dropped marginally in the second week of July. The commodity which experienced massive drop in its price was tomato. It went down by 15% and is currently being sold at GHc9.70 per medium size tomato tin in the market. This was followed by Gro ...

Commodity prices for 3rd week in June: Cassava loses while gari gains

Friday, June 17, 2016 The price of fresh tubers of cassava has declined for the second consecutive time in June. The price of the commodity dropped by 3 percent to close the week at 7 cedis 50 pesewas for three to four tubers. Meanwhile gari recorded the highest gain in price for the third week in June. Accordin ...

Ghana needs a commodities fund - Dr Manteaw

Tuesday, April 26, 2016 Accra, April 26, GNA - Dr Steve Manteaw, Co-Chair of the multi-stakeholder Committee of the Ghana Extractive Industry Industries Transparency Initiative (GHEITI), has highlighted the need for a commodities Fund, to manage shocks to the economy from commodity price fluctuations. He said the fund s ...

Commodity aggregators assured of sound business

Thursday, April 21, 2016 Accra, April 21, GNA - The Ghana Commodity Exchange (GCX) Project has assured members of aggregator groups that no group would lose its business in the commodity value chain when the Exchange fully becomes operational. In separate sensitisation sessions with 'Women Can', in Tema and Kumasi, Mr Ri ...

Ghana Commodity Exchange Market must have strong legal backing

Friday, April 1, 2016 Accra, April 1, GNA - Members of the Ghana Securities Industries Association (GSIA), have said there should be full enforcement of a robust regulatory and legal framework to stimulate trading and participation of all market actors on the Ghana Commodity Exchange (GCX), when it becomes operational. ...

Gold smuggling spikes as GRA seizes $18m worth of the commodity

Monday, February 22, 2016 Concerns about gold receipts to the country have further heightened following the detection and seizure of a large amount of gold bullion meant for export without declaration and proper documentation. The Customs Division of the Ghana Revenue Authority (GRA), acting on a tip-off last week, impoun ...

‘Commodity Exchange Must Transform Agric Sector’

Friday, February 19, 2016 Commodity Value Chain Actors have rallied support for the National Commodity Exchange (GCX) to work towards alleviating poverty and transforming the agricultural value chain in the country. According to them, all stakeholders must come together to fight for the rights of the local Ghanaian farmer ...
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