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    Accra, GHANA: A woman holds 03 July 2007 in Accra a wad new currency, the new cedi, that Ghana put in circulation that day, although the old money will still be valid until the end of the year. Currently, the cedi is one of the least valued currencies in Africa: 9000 cedis equal one US dollar.   Ernest Addison, head of research at the Bank of Ghana, assured in November 2006 that the changeover was not a revaluation nor devaluation, and will not affect foreign exchange.  AFP PHOTO / ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)

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    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

    VADUG members resist implementation of Customs Amendment Act

    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

    Emergency MPC meeting: Goldman Sachs projects 200 basis points hike in policy rate

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

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    Accra, GHANA: A woman holds 03 July 2007 in Accra a wad new currency, the new cedi, that Ghana put in circulation that day, although the old money will still be valid until the end of the year. Currently, the cedi is one of the least valued currencies in Africa: 9000 cedis equal one US dollar.   Ernest Addison, head of research at the Bank of Ghana, assured in November 2006 that the changeover was not a revaluation nor devaluation, and will not affect foreign exchange.  AFP PHOTO / ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)

    Local currency crosses ¢10 to one dollar mark on retail market

    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

    VADUG members resist implementation of Customs Amendment Act

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

    PURC justifies upward review of utility tariffs

    Emergency MPC meeting: Goldman Sachs projects 200 basis points hike in policy rate

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

    BoG, UG partner to improve research in Ghana’s financial sector

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    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

    VADUG members resist implementation of Customs Amendment Act

    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

    Emergency MPC meeting: Goldman Sachs projects 200 basis points hike in policy rate

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

    BoG, UG partner to improve research in Ghana’s financial sector

    BoG, EOCO deepen collaboration to build robust financial sector

    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

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    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

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    Vodafone agrees sell stake in Ghana’s business to Telecel

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    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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VRA resettles 80 families after Akosombo land acquisition

bycitibusinessnews
June 20, 2014
in Business
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The acting Estate Development Manager of the Volta River Authority (VRA), Mr Emmanuel Tetteh Martey, has told the Judgement Debt Commission that the VRA resettled 80 families following the acquisition of a stretch of inundated land close to the Volta Lake for the construction of the Akosombo Dam.

Again, he said the VRA paid compensation for the crops and buildings on the land which was acquired by Executive Instrument 98 of 1974.

Mr Martey told the commission that the VRA did not pay any land compensation to any family or stool for the acquisition of the inundated land known as the lake bed.

He said there were still some residual issues with regard to the resettlement as some families claimed that they had not been properly resettled.

Mr Martey said the VRA did not have any pending claim for land compensation from any stool or family in respect of the inundated land.

However, he said, the VRA occasionally received some petitions from some families, and added that the VRA redirected the petitions to the relevant ministries.

Mr Martey indicated that in the course of creating the Akosombo Dam, flooding of the 280 feet contour around the Volta Lake started in 1963, and said by 1965, the lake bed had been created.

Lands Commission

The National Chairman of the Lands Commission, Alhaji Bakari Sadik Nyari, also appeared before the commission in respect of the Lake bed compensation.

He said the Lands Commission had paid claims to some families for the conflict-free areas of the lake bed.

He said the Ministry of Finance and Economic Planning released the money to the Land Valuation Division of the Lands Commission to effect the payment.

Explaining the processes, Alhaji Nyari said the Survey Department of the Lands Commission had conducted a survey of the area and had come out with a plan called the Y-plan, which gave the extent of the flooded area.

He said the Lands Commission analysed the documents from the claimants and located the site plans on the Y-plan before the payments were made to guard against double payments.

“Most of the claims have been sporadic, which are checked against the Y-plan. It is noted in the Y-plan to ensure that there are no multiple payments,” he said.

CarMichael compensation

The Chief Valuer of the Land Valuation Division of the Lands Commission, Mr Kwesi Bentsi-Enchill, also answered questions in respect of the $2.4 million compensation to the CarMichael family for the confiscation of the family’s land.

He told the commission that CarMichael, whose identity was not known by the commission, was the managing director of a company that had leased about 1,500 acres from the 24,000 acres of the land that the government had acquired for the Aveyime Livestock project.

Controller

The Deputy Controller and Accountant General incharge of Treasuries, Mr Andrews Kingsley Kufe, appeared before the commission in relation to cases pending against the commission.

 

 

Source: Graphic Online

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