Author: Bobbie Osei
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33 % reduction in trade surplus recorded for first half of 2020
Ghana’s total exports for the first 6 months of 2020 exceeded its imports by 963 million dollars. That’s according to the latest statistical figures from the Bank of Ghana. Trade Surplus refers to the amount by which the value of a country’s exports exceeds the cost of its imports. The surplus, when compared to what…
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Investing public will not be swayed by opposition to Agyapa Royalties deal – Ken Ofori-Atta
The Finance Minister, Ken Ofori-Atta, has downplayed fears, that ongoing public criticism and opposition to the Agyapa Royalties Deal could scare aware potential investors. The agreement has for the past weeks sparked controversy among different groups in the country, with some Civil Society groups in the extractives sector describing the Special Purpose Vehicle that has…
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AGI urges companies to prepare effectively and take advantage of AfCFTA
Small, Medium and Large Scale enterprises in the country have been cautioned against complacency four months away from the expected implementation of the Africa Continental Free Trade Agreement (AfCFTA). The operationalization of the AfCFTA is expected to address the challenges of small fragmented markets in Africa by creating a single market, and also increase the…
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Pay us now and deal with court issues later – Customers of Blackshield to SEC
Some disgruntled customers of defunct Gold Coast Fund Management Limited, now Blackshield Capital, want government to find ways to pay them their locked up funds regardless of the outstanding legal issues. The calls come following the Securities and Exchange Commission’s recent announcement that no affected fund management firm customer will be excluded in government’s bailout…
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No one will be left out in bailout for clients of defunct fund managers – SEC clarifies
The Securities and Exchange Commission, SEC, has clarified that no customer will be excluded in government’s bailout package for persons whose funds have been locked-up in the 53 defunct fund management companies since November 2019. Earlier indications were that only customers of 22 defunct companies were going to benefit in the first phase due to…
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Prioritize consumers’ interest in balancing market share – IMANI urges NCA
The Head of Policy Research at IMANI, Patrick Stephenson, has cautioned the National Communications Authority, NCA to be wary of the negative consequences of its action on customers of MTN and other stakeholders, in their quest to regulate the telecommunication space. His comments follow the High Court’s dismissal of MTN’s suit against the NCA’s declaration…
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Fuel prices to go up slightly in 1st pricing window for Sept. – IES
Consumers of petroleum products are likely to pay a little bit more for the fuel they purchase at the various pumps for the next 2 weeks which is the first pricing window of September. That’s according to Energy think tank, the Institute of Energy Security. With the demand for fuel now going up as the…
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MAN Capital customers urge Receiver to do more to secure their records for early payment
Customers of defunct Man Capital Microfinance, have called on the Receiver of the collapsed Microfinance, Savings and Loans and Finance House companies, Eric Nana Nipah, to work with managers of the company to gain access to the needed information, to fast track the payment of their locked up funds. Their call follows the recent announcement…
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Customers of fund management companies sceptical about SEC’s plans to pay locked up cash
The Coalition of Aggrieved Customers of Collapsed Fund Management Companies has downplayed the recent announcement by the Securities and Exchange Commission that payment processes for some affected customers will begin in September 2020. According to them, government’s intention to pay clients of the twenty-two (22) companies currently under official liquidation is not right as clients…
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Help us clear our $108 million debt – Cocoa Processing Company to Akufo-Addo
President, Nana Addo Dankwa Akufo-Addo has assured the Cocoa Processing Company (CPC) of his governments’ commitment to help in turning the fortunes of the company around. The company which processes raw cocoa beans into semi-finished products, like cocoa liquor, butter as well as finished products like the Golden Tree chocolate bars and pebbles, is believed…