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Consumer Rights Day: Telecom users to ditch poor service providers


March 15th of every year is celebrated as World Consumer Rights Day. The occasion is to demand that the rights of all consumers are respected and protected, and to protest against market abuses and social injustices which undermine those rights. As part of this year’s celebrations, Citi Business News has been finding out the level of satisfaction among consumers within the telecom industry and how ...

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Debt Audit Commission will only deepen bureaucracies – Govt

Chairman of Parliament’s Finance Committee, Dr. Mark Assibey-Yeboah

Government has described as a duplication of functions suggestions for the creation of a Debt Audit Commission to regulate the country’s borrowings and reduce its debt burden. Chairman of Parliament’s Finance Committee, Dr. Mark AssibeyYeboah explains that yielding to such requests will rather complicate the current issue as there already are institutions which have oversight responsibilities on all government’s borrowing ...

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Parliament to conclude report on Goldfields by end of March


Chairman of the Mines and Energy Committee of Parliament, Emmanuel Akwasi Gyamfi has told Citi Business News the committee will present its report findings on Goldfields to Parliament before it goes on recess. According to him, the committee has engaged the various stakeholders and is in the process of wrapping up their findings to be presented before the House. “Mr. ...

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Review application over $ 60m NIB judgment debt case dismissed


The Supreme Court has dismissed a review application seeking to overturn its own decision dismissing a 60 million dollar judgment debt the High Court ordered the National Investment Bank (NIB) to pay Dominion Corporate Trustees Limited in 2013. According to the panel of seven justices of the Supreme Court, the review suit filed by Dominion Corporate Trustees failed to meet ...

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Inflation increases to 10.6% in February


The inflation for February 2018 reached 10.6 percent. This represents a 0.3 percent rise in the inflation rate compared to the January 2018 inflation of 10.3 percent. Inflation measures the average change over time in the general prices of goods and services purchased by consumers within a particular period of time. The Acting Government Statistician, Baah Wadieh attributed the increase ...

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MTN CEO predicts more mergers among smaller telcos


The Vice President of Southern and East Africa for MTN, and Chief Executive Officer of MTN Ghana, Ebenezer Asante is predicting more mergers among smaller telcos in the country. According to him, the telecom industry in Ghana is too small for the current number of telcos in the country. Reacting to a question on the Airtel Tigo merger at press ...

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Ignore appetite for borrowing after rebasing economy – Osei Assibey

Dr. Eric Osei Assibey - Economist at the University of Ghana

Some economists have impressed on government not to add unto the country’s debt even as it prepares to rebase the economy. Though they explain that the incentive to borrow more may be inevitable, the possibility that it will worsen the repayment burden, must be considered. The Ghana Statistical Service is hoping to complete the process of rebasing Ghana’s economy by ...

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Statistical Service targets improved growth with agric census


The Ghana Statistical Service (GSS) is optimistic it will help reverse the trend of the declining contribution of agriculture to the country’s Gross Domestic Product (GDP) with the census it is about to conduct on the sector. The census which will be conducted in collaboration with the Ministry of Food and Agriculture (MOFA), will survey all institutions and communities involved ...

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Poverty levels to widen over excessive borrowing – IFS

Executive Director of IFS - Prof. Newman Kusi

The Institute for Fiscal Studies (IFS) is predicting of a huge distortion to the provision of major infrastructural projects in the country should government fail to tackle the rising public debt stock. The IFS argues that the rising interest payment on the debt continues to drain financial resources allocated to the construction of critical infrastructure such as roads, railways and ...

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Layoffs at Goldfields will impact mining sector adversely – Dr. Yao Graham


The Third World Network is predicting a drastic change in large scale mining in Ghana if Goldfields Ghana’s new mining plan is allowed to sail through. According to the Coordinator for the Third World Network, Dr. Yao Graham, this is also likely to impact the revenue from the mining sector going forward. Goldfields Ghana Limited has announced that it is ...

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Ghana Business News