Author: Bobbie Osei
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Ghana’s stock market records 17% drop from Jan. to June due to impact of COVID-19
The novel Coronavirus pandemic, which has claimed over half a million lives globally, has devastated economies and businesses, aside from revealing weaknesses in global health systems and supply chains, especially in Africa. While its spread has benefited some businesses, it has left many others in jeopardy, hitting listed companies on the stock market in Ghana.…
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A digital strategy critical for business growth post-COVID – Vodafone Ghana CEO
The Chief Executive Officer (CEO) of Vodafone Ghana, Patricia Obo-Nai, has advised businesses without a sound online and digital strategy in the era of COVID-19, to make amends. In the wake of the threat posed to business in the wake of the Covid-19 pandemic, many businesses are relying heavily on online and digital platforms to…
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COVID-19: Revenue losses among AGI members troubling – Seth Twum-Akwaboah
Many companies who are part of over 2,000 members of the Association of Ghana Industries, AGI, have witnessed a dip in their profits due to the impact of the COVID-19 pandemic. The Coronavirus pandemic and its attendant restrictions, has seen companies reducing their staff numbers thereby impacting their output and profitability, while a drop in…
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We are enforcing COVID-19 protocols among our members – AGI
The CEO of the Association of Ghana Industries (AGI), Seth Twum-Akwaboah, says his outfit is actively monitoring its over 2,000 members to ensure that they are abiding by the protocols outlined by the Ministry of Trade to prevent the spread of COVID-19 at the workplace. According to him, stakeholders are increasingly concerned about workplaces becoming…
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Abolish 2 % Special Import Levy in mid-year budget review – Abossey Okai Spare Parts Dealers
Ahead of the presentation of the 2020 mid-year budget review later this month, the Abossey Okai Spare Parts Dealers Association in Accra, has reiterated its call on government to review the extension of the 2 % Special Import Levy. The levy, which is applied on all imported goods into the country with the exception of…
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Vodafone Ghana replaces copper installations with fibre infrastructure to boost speed
The Chief Executive Officer of Vodafone Ghana, Patricia Obo-Nai, has assured Vodafone’s current and prospective customers of the company’s commitment to continued investments into its fibre infrastructure to enable it deliver unmatched broadband services nationwide. She gave the assurance during the launch of Vodafone’s Fibre Infrastructure roll-out campaign. For years, now the telecommunications company has…
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African leaders urged to ensure AfCFTA implementation in 2021 1st quarter
African countries that have ratified the Africa Continental Free Trade Area (AfCFTA), have been challenged to take advantage of the next commencement date for the implementation of the AfCFTA, and ensure its implementation. This follows the postponement of the commencement of the implementation from July this year to the first quarter of 2021, due to…
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GIADEC will ensure maximum gains from bauxite mining – Ghana’s Amb. to China assures
Ghana’s Ambassador to China, Edward Boateng, has assured that due process is being followed by the Ghana Integrated Aluminium Development Corporation, GIADEC, to ensure that Ghana benefits adequately from the expected bauxite mining. Government’s plan to mine bauxite in the Atewa Forest Reserve as part of the controversial US$2 billion Sinohydro deal with China, has…
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Gov’t likely to opt for borrowing instead of new taxes in mid-year budget – Economist
A Professor of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Prof. Peter Quartey, says he doesn’t expect government to introduce new taxes in the upcoming mid-year budget presentation. The Finance Minister, Ken Ofori-Atta, is expected to present the Mid-Year Budget Review and Supplementary estimates to Parliament in July. Mr. Ofori-Atta proposed…
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Minister gives steel firms in Tema 1-week to deal with environmental pollution
The Minister of Environment, Science, Technology and Innovation, Professor Frimpong Boateng, has given a one week ultimatum to some steel manufacturing companies within the Tema Free Zones enclave to come out with a road-map on how they intend to deal with environmental pollution in their areas of operation. The Minister’s warning comes in the wake…