Author: Bobbie Osei
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Gov’t urged to make Ghana a jewelry production hub in Africa
Acting Executive Vice President and Head of Gold Fields in West Africa, Joshua Mortoti has urged the government to prioritize turning Ghana into a jewellery production hub on the continent. Ghana overtook South Africa as the continent’s largest gold producer with 4.8 million ounces in 2018 and increased the production to 5.0 million ounces in…
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Workers union of GACL urge new MD to desist from privatizing the company
Leadership of the workers union at the Ghana Airport Company Limited (GACL) have welcomed government’s swift appointment of Pamela Djamson-Tettey as the company’s new Managing Director. Her appointment comes after the company’s previous Managing Director, Yaw Kwakwa, submitted his resignation effective close of day February 17, 2022, according to a statement from the company. The…
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World Bank assures of increased support for climate action in developing countries
The World Bank says it will ensure that countries that want to access facilities from it from 2023 show commitment in tackling climate change as well as compliance with the Paris Agreement. This forms part of the World Bank Group’s new Climate Change Action Plan that aims to deliver record levels of climate finance to…
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Ghana still working to improve local content in Oil & Gas industry- Akufo-Addo
President Akufo-Addo says Ghana is still struggling to get more local companies to participate in the oil and gas industry years after laws allowing local content were enacted. The President was speaking at this year’s International Energy Conference and Expo in Guayana. Ghana’s local content policy underpinned by L.I 2204, is geared towards a progressive…
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GREDA asks for tax rebates to build 20,000 housing units a year
The Ghana Real Estate Developers’ Association (GREDA), has called on the government to grant tax rebates to its members to enable them build enough affordable housing units in the country. President Nana Addo Dankwa Akufo-Addo back in April 2019, charged GREDA to develop a proposal to build 20,000 housing units a year to help deal…
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Economist predicts inflation driven hike in Ghana’s monetary policy rate.
Economist and lecturer at the University of Ghana Business School (UGBS), Dr. Patrick Opoku Asuming is confident the Bank of Ghana will soon increase its Monetary Policy Rate above the current 14.5%. This, according to him, is due to the rising inflation in the country and developments on the global scene especially the likelihood of…
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We’re monitoring Ghana’s recovery; a program request has not been made – IMF
The International Monetary Fund (IMF) has indicated that Ghana is yet to request a financial program from the institution. This comes on the back of calls, by some stakeholders, for Ghana to seek a bailout from the IMF to address its current economic challenges. Despite harsh criticisms, the government continues to maintain that the most…
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Don’t delay in announcing new MD for GACL – Workers urge gov’t
Workers at the Ghana Airport Company Limited (GACL) have called on the government not to delay in announcing a substantive head for the institution. The call follows the dismissal of the Managing Director of the Ghana Airports Company Limited, Mr. Yaw Kwakwa. The termination of the appointment of Mr. Kwakwa is captured in a letter…
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Airport workers conflicted over removal of GACL MD Yaw Kwakwa
Workers at the Ghana Airport Company Limited (GACL) are conflicted over the dismissal of the Managing Director of the Ghana Airports Company Limited, Mr. Yaw Kwakwa. The termination of the appointment of Mr. Kwakwa was captured in a letter from the Transport Ministry directing the Board Chairman of the Ghana Airport Company Limited to honour…
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Moody’s must review Ghana’s appeal against Caa1 credit downgrade – APRM
The African Peer Review Mechanism (APRM) an autonomous entity of the African Union that supports African countries in the area of credit ratings, has denounced the recent downgrade of Ghana’s rating by international agency Moody’s from B3 to Caa1, with a stable outlook. The downgrade which the APRM says threatens Ghana’s debt sustainability efforts follows…