Nestle Ghana appoints Philomina Tan as new Managing Director

GHANA - Nestle Ghana, a global food and beverage company has appointed Philomina Tan as new Managing Director effective August 2018, succeeding Mrs Freda Duplan who has been promoted as the Market Head of Nestlé Pakistan. Tan was Business Executive Officer (BEO) for Milo Malaysia and Singapore and in her new role she will be…

Parliament approves COCOBOD’s US$1.3bn trade finance for cocoa

GHANA - A US$1.3 billion trade finance facility between Ghana Cocoa Board (COCOBOD) and a consortium of banks and financial institutions for the purchase of cocoa for the 2018/2019 crop season has been approved by the parliament. The facility holds the government of Ghana as the guarantor and was granted on merit that cocoa industry…

Government’s flagship program yields 707,150MT increase in grains production

GHANA - Ghana’s cereals and legumes production increased by 707,150 metric tonnes attributed to the flagship programme introduced by the government to promote growth in food production and create jobs across the country. The campaign, ‘Planting for Food and Jobs (PFJ)’ is a five-year policy geared towards increasing food productivity and ensure food security for…

Local banks commit US$915m to the one district one factory (1D1F) project

GHANA - Ten local banks have committed a total of US$915.03 million to fund the one district one factory (1D1F) programme, a government of Ghana policy that aims to create employment while enhancing industrialization, GNA has reported. The funding will help in the implementation of the project which has already started for 37 factories under…

Nestle to reward US$1.08m to cocoa farmers under the Nestlé Cocoa Plan (NCP)

GHANA - Nestle Ghana Ltd will reward US$1.08 million to over 17,615 farmers under the Nestlé Cocoa Plan (NCP) as the company looks to doing business profitably while ensuring sustainable development in the community they operate. The increased premium payment is geared at motivating farmers for quality cocoa production, meet production standards, increase local sourcing…

Ghana Cocoa Board to boost cocoa production to one million metric tonnes

GHANA - Ghana’s Cocoa Board (COCOBOD) has announced that it expects to increase cocoa production to one million metric tonnes as a result of combined efforts to improve crop yield, reported GNA. According to Dr. Yaw Adu Ampomah, the Deputy Chief Executive, COCOBOD, the Board was also charting a new course that would enable it…

Ghana’s leading research institute endorses modern biotechnology

GHANA - Council for Scientific and Industrial Research (CSIR), Ghana’s leading research institute has endorsed the use of modern biotechnology, an area considered vital in enhancing food security. According to USDA’s GAIN, the approval was made by Dr. Victor Agyeman, Director-General CSIR in an interview with the country’s leading newspaper, Business & Financial Times. Dr.…

AB InBev’s Accra Brewery commits to recycling PET bottles

GHANA - Accra Brewery Limited (ABL), Anheuser-Busch (AB) InBev’s subsidiary has announced plans to focus more on solutions for the recycling of its Polyethylene Terephthalate (PET) bottles, reported Ghana News Agency (GNA). This follows a successful separation between the brewery and Voltic Ghana, a manufacturer of natural mineral water brand. Before the separation of the…

Ghana opens a new flour milling factory in West Coast Region

GHANA - Ghana has established a new plant, Aspuna Flour Mill and Processing Factory in Duwasu, Kombo, West Coast region that will process cassava into flour and starch, reported a Ghana Newspaper, Foroyaa. While the cassava flour produced will be sold in the local market and surplus exported, the starch will be exported to attract…

Coca-Cola Ghana wins bottling and manufacturing company of the year awards

GHANA - The Cola-Cola Bottling Company of Ghana (TCCBCG) has been named the “Bottling Company of the Year” and the “Beverage Manufacturing Company of the Year (non-alcoholic)” at the Ghana Manufacturing Awards held in Accra on May 24. It recommends the Coca-Cola bottler for achieving sustainable growth, becoming once again, the best beverage company in…