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Author Archives: Lawrence Segbefia

GIPC urges local companies to maintain international standards

MR YOFI GRANT

The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC) Yofi Grant has called on Ghanaian companies to enhance the standard of their products to attract and keep global business partners. The GIPC CEO maintained that it is important for Ghanaian companies to uphold quality standards especially in the industry sector of the economy. He made the assertion at ...

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Manufacturing subsector records more investment

Yofi Grant

The Chief Executive Officer of the Ghana Investment Promotion Center(GIPC), Yofi Grant has disclosed that the manufacturing sub-sector has recorded some increase in investment in the third quarter of the year. The GIPC is targeting five billion dollars of Foreign Direct Investment by end of 2017. Speaking on the Citi Breakfast Show to discuss the 2018 budget, Mr. Grant maintained ...

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Provide data to measure job creation promise

Adu Sarkodie

Economists are demanding details on government’s plan to reduce the unemployment rate in Ghana. They have cited this as the basis to measure the efficiency of government’s job creation agenda for 2018. Economist, Adu Owusu Sarkodie’s argues that the move will be appreciated if accurate information on the unemployment levels is provided. The comment follows the budget presentation by the ...

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#Ghbudget: Gov’t to launch National Development Bank

Finance Minister, Ken Ofori-Atta

The Finance Minister, Ken Ofori-Atta, has announced that government will launch a National Development Bank, with the capacity to mobilize private capital towards agricultural and industrial transformation. According to him, Government has already set-up a task force to develop a road-map for the establishment of the bank. Mr. Ofori-Atta made the announcement during the presentation of the 2018 budget statement ...

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#Ghbudget: Gov’t budgets GH¢62bn for 2018

Finance Minister, Ken Ofori-Atta

Government expects to spend an estimated 62 billion cedis in the 2018 financial year, Finance Minister Ken Ofori-Atta has revealed. This is equivalent to 25.7 percent of the country’s Gross Domestic Product (GDP), and represents an annual growth of 14.5 percent. The Finance Minister made the announcement today, Wednesday, November 15, 2017, in parliament during the national budget presentation. According ...

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#Ghbudget: Electricity tariffs to be reduced by 13%

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The Finance Minister, Ken Ofori-Atta, has proposed an average reduction of 13 percent in electricity tariffs for residential consumers of electricity. Consumers in the non-residential category will also see a 13 percent drop in tariffs. The high electricity tariffs were a major part of the New Patriotic Party (NPP)’s campaign ahead of the 2016 elections, with many of the party’s communicators claiming ...

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#GhBudget: Over 3,000 employed under Planting for Food & Jobs

Finance Minister, Ken Ofori-Atta

Over 3,000 young people have been employed under government’s Planting for Food and Jobs programme which was launched in January 2017. The Minister of Finance , Ken Ofori-Atta, who made this known whiles presenting the 2018 Budget and Policy statement in Parliament today , [Wednesday], indicated that a total of 2,160 university graduates and 1,070 youth were employed under the ...

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#Ghbudget: Gov’t targets 6.8% growth rate in 2018

Finance Minister, Ken Ofori-Atta

The Finance Minister Ken Ofori-Atta has announced that government intends to grow the economy by 6.8 percent in 2018. This represents a 0.5 percent increase, compared to 2017 which was pegged at 6.3 percent. Presenting the 2018 Budget and Financial Statement in parliament today, Monday, November 15, 2017, Finance Minister, Ken Ofori-Atta, stated that government targets “overall GDP growth rate ...

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#Ghbudget: 2018 budget delivery underway in parliament

Finance Minister, Ken Ofori-Atta

Finance Minister, Ken Ofori Atta, is on the floor of Parliament, presenting the government’s 2018 budget to lawmakers. The budget is the second the for the Akufo-Addo administration since it took over the administration of the country in January 2016. The budget is expected to focus on about 10 key areas including infrastructure, macroeconomic stability, job creation, agriculture, entrepreneurship, business ...

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2018 budget to focus on jobs, tax reforms, agric & business

Ken Ofori-Atta

Finance Minister Mr. Ken Ofori Atta will today [Wednesday], November 15, 2017, present the 2018 budget to lawmakers. The budget will be second the for the Akufo-Addo administration since it took over the administration of the country in January 2016. The budget is expected to focus on about 10 key areas including infrastructure, macroeconomic stability, job creation, agriculture, entrepreneurship, business ...

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