Author: Bobbie Osei
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Stakeholders charged to eliminate barriers likely to impede success of AfCFTA
Secretary-General of the African Continental Free Trade Area (AfCFTA) Wamkele Mene, says signatories and other stakeholders to the trade agreement are aware there will be a period of protectionism in the various countries even after AfCFTA comes into force from January 1, 2021. According to the World Bank, AfCFTA will lift 30 million Africans out…
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Returning economy to path of fiscal consolidation critical – BoG Governor
Governor of the Bank of Ghana, Dr. Ernest Addison has reiterated the need for government to develop a new medium-term macroeconomic framework to return the economy unto a path of fiscal consolidation. The Governor had earlier on raised questions about the sustainability of the implementation of COVID-19 related interventions meant to cushion Ghanaians and businesses…
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Passage of Anti-Money Laundering Bill will boost investor confidence – e-Crime Bureau
The passage of the Anti Money Laundering Bill by Parliament will go a long way to boost investor confidence in the country’s financial system. This is according to the Head of Technical Operations at e-Crime Bureau, Eric Kwaku Mensah. The Bill which was on December 17, 2020, when assented to by the President will plug…
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Effective credit system needed to support Ghana’s automotive industry – Japan Motors MD
The Managing Director of Japan Motors says a strong credit finance culture is needed to support Ghana’s young automotive industry. Salem Kalmoni, whose company is the sole partner to Nissan Africa’s assembly plant in Ghana, noted that as more companies set up assembly plants to manufacture and sell cars to the country’s growing middle class,…
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Ghana in technical recession after latest economic contraction – Economist
Economist with Databank, Courage Martey says Ghana has entered into a technical recession following a contraction of the economy for a second straight quarter in 2020. Latest provisional figures released by the Ghana Statistical Service show that the Ghanaian economy has contracted for the second straight quarter, with the value of goods and services produced…
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Struggling industry forces Ghana’s economy to contract for 2nd straight quarter
Provisional figures released by the Ghana Statistical Service show that the Ghanaian economy has contracted for the second straight quarter, with the value of goods and services produced in the 3rd quarter of 2020 declining by 1.1 percent when compared to the value of goods produced in the same period in 2019. The contraction in…
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Cost of political adverts on social media to rise by 200% in next election – Maximus
A digital marketing strategist, Maximus Ametorgoh says the amount of money invested in political advertising on social media platforms such as Facebook will increase by 200% percent in the next election season. This comes after political parties spent over GHS1.3 million on Facebook political ads between August and December this year to boost their chances…
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Spare parts dealers in talks with assembly plants to manufacture car parts
Co-chairman of the Abossey Okai Spare Parts Dealers Association, Clement Boateng says negotiations are underway between his association and some car assembly plants established in Ghana. In addition to Volkswagen, Sinotruk and Kantanka who have been operating assembly plants in Ghana, Nissan last month began the setting up of its plant in the country, as…
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Abossey Okai spare parts dealers march for peace ahead of December 7 polls
Traders at the Abossey Okai spare parts enclave in Accra have reiterated the need for peaceful elections on December 7 to ensure the business environment remains stable. The traders made this known, during a peace walk organized by the Abossey Okai Spare Parts Dealers Association on Thursday, December 3rd, 2020. Marching through the streets of…
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Fuel prices to go up between 3% – 5% – IES predicts
The Institute for Energy Security, IES, is predicting a 3% – 5% increase in both petrol and diesel prices at the pumps within the first 2 weeks of December, which makes up the first pricing window of the month. The energy think tank attributes the expected jump in fuel prices to a number of factors…