Farmers urged to increase cotton production
Accra Bourse index marked-time
Tamale (Northern Region) 28 May 2001
Cotton farmers in the three northern regions have been called upon to take advantage of the new producer prices for seed cotton and increase production.
Kuoru Kuri Limann, Interim chairman of the Cotton Farmers Association (CFA) made the call at Tamale after the farmers had successfully negotiated this year’s prices with the cotton purchasing companies for acceptable prices for this year.
The negotiation team, comprising directors of the 11 cotton companies and the interim executive committee of CFA, agreed on 1,650 cedis per kilo of grade "A" seed cotton and 1,320 cedis for grade "B" up from the previous 900 cedis and 700 cedis for the two grades.
Kuoru Limann who is the Paramount Chief of the Gwallu Traditional Area in the Upper West Region, urged the farmers not to divert inputs provided them by the companies for the production of other crops.
He also cautioned them against selling seed cotton to other companies that did not provide them financial support.
The interim chairman called on the companies to supply high yielding seeds to the farmers.
"Very often, you give us seeds that are rotten and when we plant them, we experience poor germination, leading to poor yield" he said.
GRi…/
Send your comments to news@ghanareview.com
Accra (Greater Accra) 28 May 2001
Currency Buying Selling
US Dollar 7,045.00 7,256.36
Pound Sterling 9,967.97 10,269.20
French Franc 925.59 952.75
Swiss Franc 3,975.10 4,091.80
Deutsche Mark 3,103.45 3,196.24
Canadian Dollar 4,563.46 4,697.07
Japanese Yen 58.61 60.34
Dutch Guilder 2,755.11 2,835.93
S/African Rand 889.31 914.77
Euro 6,071.00 6,248.37
CFA Franc 9.26 9.53
Naira 64.80 66.74
Ecowas/WAUA 8,959.92 ======
GRi…/
Send your comments to news@ghanareview.com
Accra (Greater Accra) 28 May 2001
The GSE-All Share Index, the key stock Gauge of the Ghana Stock Exchange marked-time for the second time in the week under heavy bearish sentiments.
The index, which closed flat on Monday, went down 5.86 points on Wednesday and ended the week at 894.CAPut!’ points.
There was no price change.
Traded volumes rose more than three times from 328,200 at 1.2 million shares. Home Finance Company led the pack with 1.1 million shares. The change for the year closed at Wednesday level of 4.22 per cent. Market capitalisation also marked time with 3,712.75 billion cedis.
The following are the last prices of listed equities in cedis:
ABL 630
AGC 18,500
ALW 7,000
BAT 550
CFAO 60
EIC 2,890
FML 800
GBL 1,300
GCB 1,600
GGL 900
HFC 952
MGL 230
MLC 120
MOGL CAPut!’,000
PAF 300
PBC 450
PZ 640
SCB 21,000
SPPC 298
SSB 2,300
UNIL 1,800
CMLT 425
GRi…/
Send your comments to news@ghanareview.com