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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    Standard of cars assembled in Ghana will not be compromised – GSA assures

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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2017 ‘imminent’ dumsor must not occur – Kwame Jantuah

bycitibusinessnews
December 17, 2016
in Government, Local Economy, Oil And Gas, Top Stories
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Oil and Gas Analyst, Kwame Jantuah has impressed on both the governing NDC and incoming NPP government to work to avert any load shedding regime early next year.

He argues that the impact of another round of load shedding will be disastrous for businesses.

Kwame Jantuah’s comments follow concerns by some industry players of a possible resumption of load shedding early 2017.

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Speaking to Citi Business News, Mr. Jantuah warned that the situation is likely to recur if Ghana fails to address critical issues on the maintenance and constant fuel supply to the country’s generation plants.

“One of the major things that I tend to look at is the kind of maintenance culture that we’ve got as a country; if any of the generation plants breaks down and we do not have a reserve margin that can help us keep the electricity going on, we will return to dumsor. This is also dependent on how long it will take to fix whatever machine has broken down, how much money we have to buy fuel to power the existing plants,” he remarked.

The African Centre for Energy Policy (ACEP) has warned of a likely resumption of load shedding or dumsor in the first quarter of 2017 due to concerns of gas insecurity.

In a report released ahead of the 2016 Presidential and Parliamentary elections dubbed “Beyond 2016 Elections: Energy Sector Priorities”, the energy think tank cautioned of serious distortions to power supply in the face of the inadequate gas supplies.

ACEP further pointed out that the new administration must tackle as a matter of urgency challenges in the power sector since power supply from the nation’s hydropower sources are still dim.

The Power Ministry has since dismissed such reports explaining that adequate measures have been put in place.

Mr. Kwame Jantuah who underscores the relevance of stable power supply to businesses also said the new government must strategize and prevent load shedding.

“Going into 2017 and 2018, a strong economy is what everyone will hope for; because if we have a strong economy, it will be able to withstand any shocks hit it.”

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

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