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Author Archives: Pius Amihere Blay

Tax cuts, job losses top expectations of 2017 budget

Ken Ofori Atta - Finance Minister

Pending the budget presentation by the Finance Minister Ken Ofori Atta tomorrow, industry players and business associations have reiterated calls for the solutions to their numerous needs to be captured in the budget. The budget, the first for the NPP government, is expected to capture how the government intends to allocate its resources for the operations of the various sectors ...

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No new CEO appointed yet – Gov’t replies GOIL


Government has dismissed reports that it has appointed a new CEO for Ghana Oil Company Limited (GOIL). The company had issued a statement reacting to reports that President Akufo Addo has appointed a new CEO for the company. GOIL rejected the reports explaining that the appointment could not have been done without recourse to laid down rules. “The Regulations state ...

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Don’t blame Mahama for recent dumsor- Jinapor

john jinapor

A former Deputy Power Minister, John Jinapor has hit back at critics blaming former President John Mahama for the recent power crisis experienced. According to him, the then erstwhile Mahama government  put in place all the necessary measures to ensure dumsor does not recur. “We worked tirelessly the whole of last year we had reliable power and also had sustainable ...

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Allow cedi to fall to assess its strength- Dalex CEO 


The Chief Executive Officer of Dalex Finance Ken Thompson has reiterated calls to allow demand and supply to determine the strength of cedi until it reaches it equilibrium. According to him, government will have a better appreciation of the real strength of the cedi if it is allowed to fall to its normal level. In addition, Mr. Thompson argued that ...

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BoG builds customer confidence with new consumer complaints guidelines

bank-of-ghana pic

Consumers of financial services will from henceforth be able to demand compliance from their respective institutions they transact business with. It follows the completion of the Consumer Recourse Mechanism Guidelines by the Bank of Ghana. The guidelines among others allow consumers to seek redress for complaints with the industry regulator in a timely and independent manner. The move is also ...

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Nigeria: Naira Rises As CBN Pumps $180 Million Into Forex Market


The Central Bank of Nigeria (CBN) injected another $180 million into the foreign exchange market, prompting the Naira to further appreciate by N10 against the dollar in the parallel market. Details of the foreign exchange supply showed that the apex bank injected $100m into the wholesale forwards segment of the market and sold an additional $80m into the banks specifically ...

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First Black online market launched in UK

Bernard-Adjei- Densu online

Black owned businesses across the world will henceforth have access to a wider market for their wares, especially in Europe. It follows the launch of the First UK Black Business Marketplace, called Densu Online. The lack of platforms for Black businesses in the UK has partly limited their exposure and prospects for expansion. But the new platform will afford black ...

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Kenya:Milk firms hunt for new energy sources as power cuts persist


The escalating cost of electricity is one of the major challenges that investors in the dairy industry are grappling with. Aside from being expensive, the power supply has been unreliable with increased interruptions due to huge demand. Over the recent past, the country has been faced with rescheduled power supply forcing processors to look for alternative energy sources in order ...

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Nigeria: Oil Prices – OPEC Members Lose $2 Trillion in 2 Years


Nigeria and other member nations of the Organisation of Petroleum Exporting Countries (OPEC) have lost a cumulative sum of $2 trillion capital investment in the oil and gas industry as well as revenue generation since crude oil price in the international market tumbled in June 2014. According to Secretary General of OPEC, Dr Mohammed Sanusi Barkindo, over $1 trillion was ...

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