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Cocoa Rebounds As Climate Conditions Dwindle



Cocoa recovered some of its previous week’s losses, as favourable climatic conditions in top grower Cote d’Ivoire appear to have faded.

With less rains recorded in recent times in Cote d’Ivoire, the availability of the soft crop on the international commodities market was suppressed.

Cocoa thus advanced by US$79.50 to close the trading week at US$2,119 per metric tonne.

Coffee, however, declined, as signs of a bumper harvest in top growers Brazil and Vietnam forced market participants to roll out of the September contract into the December contract.

Brent crude also trimmed as investors worried that ongoing global trade disputes are likely to halt economic activities, thereby reducing the demand for energy commodities.

According to analysts, the US dollar, which appears to be the sole gainer from the ongoing uncertainties, was likely to make the commodity relatively expensive for non-dollar holders, as a result reducing its demand.

Brent crude oil thus dropped by 35 cents to settle at US$72.86 per barrel.

Gold dipped after the week’s trading, despite a strong rebound on the last trading session of the week.

Last-minute gains of the yellow metal, on the back of investors’ risk aversion towards the unceasing attempt by the US President in imposing tariffs on advanced and emerging countries, failed to fully cancel losses.

Gold thus lost US$4.80 to trade at US$1,219.50 per ounce.

Treasury securities

The week’s auction ended with the yield on the 91-Day T-Bill trimming by a basis point to 13.30 per cent.

The yield on the 182-Day T-Bill, on the other hand, rose by four basis points to settle at 13.86 per cent.

However, interest rates on other treasury securities remained the same.

The government accepted all the GH¢456.75 million bids tendered at the week’s auction. That fell below the intended target of GH¢528 million, with the 91-Day T-Bill dominating the government’s purchase with 83.95 per cent share.

Scheduled for August 17, the government anticipates raising GH¢621 million from the sale of the 91-Day and the 182-Day T-Bills and GH¢23 million from the issuance of the 1-year note.

The yield curve sustained its normality, despite the rate adjustment on the short-dated treasury securities and the relative higher yield of the three-year bond over the five-year bond.

Ghana Stock Exchange

The Ghana Stock Exchange (GSE) logged another positive weekly closure, amid elements of uncertainties steaming from the banking sector.

The collapse of five domestic banks being consolidated as one, as well as the revocation of the licences of the UT and the Capital banks by the central bank in the space of one year, raised red flags among investors.

The market indices, however, closed positive on the back of strong earnings report posted by most listed companies on the local bourse.

At the end of the trading week, the GSE Composite Index thus rose by 0.29 per cent to settle at an index point of 2,944.38, representing a year-to-date return of 14.14 per cent.

The GSE Financial Stocks Index also increased by 1.08 per cent to an index level of 2,694.69 points, corresponding to a year-to-date return of 16.62 per cent.

The week’s trading realised a total volume of 1.79 million shares, valued at GH¢7.06 million.

This represents a 31.11 per cent decline over the previous week’s total traded volume.

CAL Bank was the most actively traded stock, as it accounted for 23.18 per cent of the total traded volume.

The market capitalisation also increased by 1.18 per cent to settle at GH¢56,402.30 million.

Source: Ghana Web


Meet Godwin Kofi; The Barber With A Degree.



With the dream of becoming a successful entrepreneur from childhood, Godwin Kofi, a young boy from Asesewa saw himself through school giving his peers exquisite haircuts for favours and has now graduated successfully with a degree in Administration from the University Of Professional Studies.

The 2018 batch of graduates from the University Of Professional Studies maybe a lot, but the barber with a degree even among the thousands couldn’t go unnoticed.

In an interview with Bernard Avle on Citi FM, he narrated how he meanders his way through school; from Senior High school to the University and life after University.

“After Junior High School, my Dad helped me opened up a space to space shop from which I raised money to pay my Senior High School fees at the Akuamuman Senior High School. In school, I was giving my colleagues haircuts all throughout till I graduated. Unfortunately for me, Dad was overburdened as my other siblings’ were also in school so I had to stay at home for a year before going to the University. During that period I was going from house to house to give people haircuts for free till a friend hooked me up with someone who helped open a shop for me at Asesewa to take care of the people who always had to travel to the Regional capital Koforidua to get haircuts. My first task was to impress them and to stop them from travelling to get a cut. At the time I was charging GHC 2.50 per cut.” Shared by Godwin Kofi; The barber with a degree.

On his ordeal at UPSA, he shared how hard-hitting it was to joggle between school and barbering, but was left with no choice than to simultaneously find a balance between the two.

“At UPSA I was perching my friends and giving them haircuts till I was able to get a place where I now work and make money, I have studied Administration, I’m a good barber and a cook. I really don’t need a job from anyone as I have already created the needed avenue for making money. Setting up a business around it is my focus.”

The barber with a degree as he is referred to by his friends is the last born of four who hails from Asesewa, a small township in the Eastern Region of Ghana and was born to the Kofi family. He started off with his basic education at Ebenezer Preparatory School and furthered to Akwamuman Senior High School then to the University Of Professional Studies, Accra.

He currently works with Nate the barbers place at East Legon. To get close and personal, you can follow him on Twitter; @degreebarber, Fcaebook; Reflect Out and on Instagram @reflect_out.

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The Customer Choice Awards Nominees Officially Announced At Private Reception.



The inaugural Customer Choice Awards which will recognize and celebrate businesses and organizations that provide outstanding customer experiences hosted a launch reception on the 14th of September at the African Regent Hotel to officially announce its categories and nominees.

The reception featured a live performance by singer, Raquel and was hosted by award-winning sports journalist Nathaniel “Citizen” Attoh who declared the nominees in each of the 20 categories before an audience of business stakeholders, special guests, select media, and nominees of the awards ceremony including representatives from Zaina Lodge, Accra City Hotel, Puma Energy, GN Bank, Access Bank and Barclays Bank.

The Customer Choice Awards producer, Etornam James Flolu provided details of the award ceremony which will be held in January 2019, prize incentives for voters and introduced the mobile app, Speakupp, a technology platform that will be used to tally votes and encourage consumer participation. The presentation was followed by a networking cocktail on the rooftop terrace.

“At Eltor Consult, we have a guiding principle that the opinion of the customer rules. We launched the Customer Choice Awards to improve customer service delivery in the private and public sector and ultimately give the customer a voice. Our mission is to make more business owners as well as consumers aware of the importance of customer experience on the success and development of our businesses and ultimately the development of our nation,” shared Flolu, the Founder and CEO of Eltor Consult, a customer service training and advocacy outfit.

Etornam James Flolu

The awards categories cut across a wide section of industries that maintain customer experiences from banks to hospitals, telcos, grooming salons, and local eateries. Voting opened after the launch and the public has the opportunity to choose their preferred personality and organization as well as share both positive and negative experiences with the use of the Speakupp App. Voting is possible by USSD, web or mobile app and will end in December and winners will be awarded at a ceremony in January. The Speakupp app may be downloaded on the Google Play store or Apple Store.

To encourage the public to participate in voting and sharing their voices, incentives in the form of weekly prizes and gift certificates to some of the nominated establishments will be given as prizes. High participating voters will ultimately stand a chance to win an educational scholarship or an all-expense paid trip to any African country of choice or Dubai.

See the Full List of Nominees and Categories

Customer’s Telcos of the Year

  • MTN
  • AirtelTigo
  • Vodafone
  • Glo

Customer’s Bank of the Year

  • GCB Bank
  • Barclays Bank
  • Stanbic Bank
  • Zenith Bank
  • Cal Bank
  • Republic Bank
  • FBN Bank
  • UBA   Bank
  • Fidelity Bank
  • GN Bank
  • Access Bank
  • EcoBank
  • Standard Chartered Bank
  • Prudential Bank
  • GT Bank
  • UMB Bank
  • First Atlantic Bank

Customer’s OMC of the Year

  • Shell
  • Total
  • Goil
  • Allied Oil
  • Engen
  • Sel Energy
  • Puma Energy

Customer’s Waakye Joint of the Year

  • Atomic Waakye
  • Aunti Muni
  • Waakye Guy Guy
  • Haija Adiza
  • Tunga Waakye

Fans Artiste of the Year

  • Shatta Wale
  • Stonebwoy
  • Fancy Gadam
  • Sakordie
  • Efya
  • King Promise
  • Kwame Eugene
  • Patapaa
  • Mr.Eazi
  • Becca
  • Adina
  • Mzzvee
  • Joe Mettle
  • Sonnie Badu
  • Kwesi Arthur
  • Wiyala
  • Kidi

Customer’s Hotel of the Year

  • Fiesta Royale
  • Aqua Safari
  • Volta Serene
  • Kempinski
  • Holiday Inn
  • Peduase Resort
  • La palm
  • Labadi
  • Golden Tulip
  • Sky Plus
  • Zaina Lodge
  • Lou Moon Lodge
  • Coconut Grove
  • Elmina Beach
  • Busia Beach
  • Mensvic
  • Tomreik
  • Movenpick
  • African Regent Hotel
  • Royal Senchi
  • Accra City Hotel

Customer’s Shopping Mart of the Year

  • Shoprite
  • Game
  • Melcom
  • CityDia
  • Maxmart
  • Koala
  • Yoo Mart
  • Palace Mall

Customer’s Continental Food Joint of the Year

  • KFC
  • Papaye
  • StarBites
  • Vidae Café
  • Koffee Lounge
  • Enda
  • Imperial Perking
  • Barcelos
  • Basilisa
  • Chicken Republic
  • Sizzler
  • DNR Turkish Restaurant

Customer’s Pizza Joint of the Year

  • Papa’s Pizza
  • Eddie Pizza
  • Pizza Inn
  • Slices and Toppings
  • Pizza Hut

Customer’s Pub of the Year

  • Epo’s
  • Honey Suckle
  • BloomBar
  • CelsBridge
  • Chase
  • Kona Bar
  • Kiki Bees
  • BriefCase
  • Purple Pub

Nathaniel Attoh


Watch a recap of everything that happened at the event below.

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Caroline Esinam Adzogble Partners Webster University To Give 20 More Scholarships Under Her Caroline Excellence Awards



Caroline Esinam Adzogble has welcomed the first Ghanaian based University to her Caroline Excellence Awards. Webster University Ghana, one of the nation’s top universities has just been announced as the first and only Ghanaian based university to join the Caroline Excellence Awards scheme for the 2018/19 phase. Webster is an American University with a campus branch in Ghana and joins the likes of The American University of Malta, Brunel University, National College of Ireland, Middlesex University and the University of Nicosia. This bring to 120 the total number of students to receive the Scholarship under the Excellence Awards.

The Caroline Excellence Awards, according to a press statement, is committed to awarding $1M worth of partial and full scholarships to 100 brilliant but needy African students each year. The Awards scheme is an initiative of Ms. Caroline Esinam Adzogble under her Mercy Heart Foundation.

The Caroline Excellence Awards will be awarded to meritorious students in Africa who have demonstrated a strong academic track record but have no financial backing to further their education at tertiary level.

Scholarships can be redeemed for Spring, Summer and Fall enrollment seasons each year and are open to final year Senior High School students and high school graduates only.

Although students from all African countries can apply, priority will be given to Students based in Ghana, Nigeria, Kenya, Tanzania, Uganda, Rwanda, Ethiopia, Zimbabwe, Senegal and Togo.

Applications are open from now till December 20th, and can only be submitted through the “Admission in 30minutes” App available on the Google Play Store and Apple App Store or through the website at

Winners will be announced on January 13, 2019, and Caroline will embark on a tour commencing on January 21, 2019, to award all 100 recipients in their various countries. However early decisions will be made and winners announced for entries available for the Spring opening.

“I am extremely excited to have Webster join our distinguished list of Partners who are committed to seeing equitable distribution of quality education across the continent. The last one week has seen over 2000 applicants and that really excites us. We strongly believe that the addition of Webster will go a long way to prove our dedication to our cause and our believe in institutions on the continent as well. I am still on the quest to uplift education in Africa” an excited Caroline remarked.


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Menzgold Ghana Refutes Shutting Down Speculations.



Following the leaked letter to Menzgold Ghana to shut down its operations, the organization has responded with a press release and expressed outmost disappointment in the Securities and Exchange Commission for leaking such confidential letter to the general public.

It winded up by stating the organization have referred the matter to their lawyers and will seek legal redress appropriately.

Clients of Menzgold are hereby admonished to keep calm as management addresses pending issues.

Below is the full press statement from Menzgold Ghana.

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Copyright © 2018 George Britton