Author: Anita Arthur Kissi-Mireku
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GCS Fibers LLC to establish 12 factories in Ghana
Ghana’s manufacturing sector is set to experience a massive boost following plans by US-based fibre manufacturing firm, GCS Fibers LLC (GCS) to establish its plant in the country. GCS produces mineral fibre with ash coal as a raw material. The Plant when established will supply factories in Ghana with various paper and household raw materials.…
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Ghana’s economy grew by 3.9% between April and June 2021 – GSS
Ghana has recorded a Gross Domestic Product (GDP) growth rate for the second quarter of 2021 at 3.9%. This means that the economy between the period of April to June this year has grown by 3.9% The Gross Domestic Product is the final value of the goods and services produced within the geographic boundaries of…
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New DVLA Board tasked to put in systems to register and track earth moving equipment
The new governing board of the Driver and Vehicle Licensing Authority (DVLA) has been inaugurated with a call on them to implement measures that will ensure effective registration and tracking of all earth moving equipment operating in the country. The government, as part of efforts to curb illegal mining, popularly known as galamsey in Ghana,…
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Marshal all resources to improve road safety – Minister to NRSA board
The Minister for Transport, Kwaku Ofori Asiamah, has urged the newly constituted board of the National Road Safety Authority (NRSA) to assemble all the necessary resources needed to tackle the issue of road carnage in Ghana. Touting the country’s efforts in ensuring road safety, the Minister at the inauguration ceremony on Friday, September 10, 2021,…
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New GMA Board tasked to improve systems at ports to enhance business activities
The Minister for Transport, Kwaku Ofori Asiamah, has tasked the newly inaugurated board of the Ghana Maritime Authority,GMA, to drive improvements within the country’s ports to enable Ghana become the transportation hub for the West African sub region. The Maritime Sector and for that matter Ghana’s Port is the main gateway for international trade, with…
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Impose 5 percentage points ceiling on lending rates – IEA to BoG
The Institute of Economic Affairs (IEA) has called on the Monetary Policy Committee of the Bank of Ghana to impose a ceiling of 5 percentage points on the spread of lending rates on banks. This follows the recent call by President Nana Akufo-Addo on the Bank of Ghana to address the problem of high lending…
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State Owned Enterprises to be ranked to improve performance
As part of measures aimed at ensuring the efficiency of State Owned Enterprises (SOEs) in the country, a system which will show their individual performances will soon be put in place for public consumption. This was announced by the Public Enterprises Minister, Joseph Cudjoe. The value of Ghana’s 126 State-Owned Enterprises (SOEs) is GH¢110 billion,…
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COCOBOD to officially close 2021 light crop cocoa season on Friday
Ghana Cocoa Board has announced that purchases for the 2021 Light Crop Cocoa Season will cease at the close of business on Friday, 3rd September 2021. In order to assist the Licensed Buying Companies (LBCs) to obtain the final returns from up-country, Ghana Cocoa Board has decided that returns on the declared purchases will be…
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Ministry of Trade justifies agreement that gives EU 80% access to Ghanaian market
The Ministry of Trade and Industry says it will not allow Ghana to become a dumping ground for goods from the UK following the Ghana-UK: Tariff liberalization interim trade agreement which began on Wednesday, September 1, 2021. The tariff liberalization exercise will see Ghana reduce some tariffs on goods coming from the UK. The interim…
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Invest in laterite, others as prices of building materials spiral out of control – GREDA
With statistics pointing to increased numbers of people building during the last quarter of the year, President of the Ghana Real Estate Developers Association (GREDA), Patrick Ebo Bonful has charged government to invest in the production of laterite based materials. His call follows months of consistent increases in the prices of building materials in the…