Author: Bobbie Osei
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Don’t charge new rates until 3rd quarter – Shipping lines urged
The Concerned Freight Forwarders and Traders Association of Ghana has added its voice to calls on shipping lines to suspend the scheduled increase in shipping rates from March 1, 2021. Last week some stakeholders at the Tema Port raised concerns over an impending increase in Shipping Line and handling charges; insisting the charges are not…
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Stress-test your systems against possible cyber-attacks – BoG to banks
Governor of the Bank of Ghana, Dr. Ernest Addison has charged banks in the country to continuously stress-test their institutions under different scenarios to ensure they are ready when unforeseen risks occur. Unlike other sectors that suffered considerable losses, the financial sector has remained relatively stable in the face of the pandemic. While touting the…
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COCOBOD will receive $190 million this week to settle farmers – Afriyie Akoto
Cocoa farmers who are yet to receive payment for cocoa beans they supplied to Licensed Buying Companies (LBCs) for the 2020/2021 cocoa season, should expect payment soon as monies that will be used in settling them is expected early this week. This was made known by Food and Agriculture Minister-designate, Dr. Owusu Afriyie Akoto, when…
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Stakeholders call for increased investment to improve quality of employment data
Stakeholders have bemoaned the seeming lack of transparent, real-time and verifiable data on jobs in the Ghana. Their disappointment follows the debate over the creation of 3 million jobs by the current government in its first term, during the vetting of Employment and Labour Relations Minister-nominee, Ignatius Baffour Awuah in parliament on February 17, 2021.…
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Ghanaians urged to recharge digitally as scratch cards are phased out
Leading mobile telecommunication network says the reduction in the volume of its recharge cards is in line with their strategy to go largely digital. The pronouncement comes on the back of complaints by vendors and the general public about the shortage of MTN recharge cards otherwise known as scratch cards on the market. As of…
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BoG’s support for banks may reduce in 2021 – Banking Consultant
The amount of credit from the Bank of Ghana to the 23 universal banks in the country should reduce this year when compared to credit advanced to the banks in 2020. The amount of money advanced to banks from the Central bank throughout the period when the Coronavirus was at its height was about GHS2.6…
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Government urged to build local capacity to help produce COVID-19 vaccines
As government works to procure some 17 million doses of COVID-19 vaccines by the end of June 2021, it has been urged to prioritize investing in systems that will guarantee the development of different vaccines in Ghana in the medium to long term. Per the latest updates from the Ghana Health Service, which is up…
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Build capacity of tomato farmers to help meet local demand – Government urged
The Fruits and Vegetables Producers Association of Ghana (FVPAG) has urged government to invest in building the production capacity of tomato farmers in Ghana as well as the development of better varieties of tomatoes to increase the quality of quantity of tomatoes produced in Ghana. According to the association, this will end the unfortunate phenomena…
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Price of goods and services up by almost 10%
Latest data released by the Ghana Statistical Service, GSS, indicates that on a year-on-year basis (January 2020 to January 2021), the average price of goods and services across the country increased by 9.9 percent. The rise in the inflation rate for January 2021, is however lower than the rate recorded for December 2020 by 0.5…
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Prosecute persons whose actions led to banking crisis – BoG Governor urged
As the Governor of the Bank of Ghana Dr. Ernest Addison prepares to start his second term from April 1, 2021, as leader of the Central Bank, he is being called upon to dedicate time and resources to ensure that all persons behind the collapse of about 9 indigenous banks are prosecuted. Since 2017 banks…