GRi Business, Economics & Finance 05 – 11 - 2002

Don't buy not well-dried cocoa beans

Gambian Bank, Unilever give Accra bourse life

 

 

Don't buy not well-dried cocoa beans

 

Nyinahin (Ashanti Region) 05 December 2002- Nana Yaw Bronya, Nyinahin District Chief Farmer in the Atwima District, has warned Licensed Buying Companies to desist from buying not well-dried cocoa beans from farmers.

 

He said the practice, if not checked will put the premium Ghana's quality cocoa enjoyed worldwide in jeopardy. Addressing a farmers' meeting at Nyinahin in Ashanti he asked the farmers to invest in their children's education since apart from the children being the future leaders of the country, the best legacy one could bequeath to them was education.

 

Nana Bronya noted that the mass cocoa spraying exercise had brought good yield to the farmers and as such, they must use the money they would earn wisely. He asked them not to spend the money on alcohol, funerals and marrying more women but should invest it wisely.

 

The Chief Farmer also cautioned the Licensed Buying Companies against the use of hanging scales, pointing out that it was an offence since it encouraged stealing. Nana Bronya also called on the farmers to patronise the Akuafo Cheque system since it was the safest.

GRi…/

 

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Gambian Bank, Unilever give Accra bourse life

 

Accra (Greater Accra) 05 December 2002- Gains by Unilever and the Trust Bank of Gambia (TBL) gave the Ghana Stock Exchange (GSE) something to cheer about as it was lifted by 7.53 points.

 

The GSE All-Share Index, the main market index, closed trading at 1,370.29 points from 1,362.76 points although it was on poor trading. Shares that changed hands more than doubled to 52,400 from 21,500, but big time investors continued to stay away. Change for the year was higher at 43.34 per cent from 42.56 per cent.

 

On the broader market, there were five gainers - UNIL, TBL, Mobil Oil Ghana Limited (MOGL), Fan Milk Limited (FML) and Guinness Ghana Limited (GGL). TBL gained 300 cedis at 4,850, UNIL was up by 100 cedis at 4,800 cedis, MOGL appreciated by nine cedis at 19,730 cedis, and FML and GGL gained one cedi each to end at 1,782 cedis and 1,041 cedis respectively. Market capitalisation ended 5,124.17 billion cedis from 5,108.75 billion cedis.

 

The following are the last prices of listed equities in cedis:

ABL                        390

AGC                  18,807

ALW                   3,700

BAT                     1,001

CFAO                      67

EIC                      4,600

FML                    1,782                       +1

GBL                        500

GCB                    3,516

GGL                    1,041                       +1

HFC                       955

MGL                       254

MLC                       270

MOGL               19,730                       +9

PAF                        750

PBC                        390

PZ                        2,001

SCB                   28,002

SPPC                      387

SSB                     3,963

SWL                       285

TBL                     4,850                       +300

UNIL                   4,800                       +100

CMLT                    460

GRi…/

 

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