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    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

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    NPA encourages consumers to lodge complaints of foul play at the pump for redress

    Banks must improve their systems to check rising spate of financial fraud – e-Crime Bureau

    E-Levy won’t be terminated because of IMF bailout – Gov’t assures

    Node 8, HTU hold first edition of Node X in Ho

    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

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    ‘Our IMF negotiations will be in best interest of Ghanaians’ – Oppong Nkrumah

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    Societe General Ghana partners AGF to provide financing solutions for SMEs

    NPA encourages consumers to lodge complaints of foul play at the pump for redress

    Banks must improve their systems to check rising spate of financial fraud – e-Crime Bureau

    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

    Fuel prices to go up as NPA announces restoration of UPPF margin

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    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

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Ghana-Burkina Faso interconnectivity railway line key to iron ore mining – Amewu

byMichael Ogbodu
April 26, 2021
in Business, News, Top Stories
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Railways Development Minister, John Peter Amewu says the Ghana-Burkina Faso interconnectivity railway line project will be instrumental in the mining of iron ore in the Northern Region.

More than 1.7 billion tonnes of iron ore were discovered in an exploration exercise at Sheini in the Tatale/Sanguli District of the Northern Region.

According to the sector minister, the completion of the project will be key in the mining of the iron ore deposits.

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He stated that “The alignment also includes the branch line from Yendi to Sheini where we have excessive and potential prospective iron ore deposit. It is to facilitate the exploitations of the huge iron ore deposits that we have discovered in that area.”

He added that “His Excellency Nana Addo Dankwa Akufo-Addo believes that the only way we can transform this country, is when we begin to attach some level of importance to our natural resources and by that, he believes we must begin to refine our natural resources locally and that is where this country is going to.”

The Railways Development Minister made these comments during a conference for the Ghana Burkina Faso Interconnectivity Railway line project.

So far three companies have been shortlisted out of an earlier 12 for the contract to implement the project.

The 1,000km Ghana-Burkina Faso Railway Interconnectivity Project will link Ghana from Tema to Burkina Faso’s capital, Ouagadougou.

Iron ore discovered in Tatale/Sanguli District

The Majority Leader in Parliament and Minister of Parliamentary Affairs, Mr Osei Kyei-Mensah-Bonsu, in 2019 on the floor of parliament, said the volume of the mineral deposit in Ghana was estimated to hit three billion by the end of the exercise.

Mr Kyei-Mensah-Bonsu stated that the discovery of iron ore in commercial volumes was a major boost to the iron and steel industry.

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