Author: Bobbie Osei
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Payment of neutrality allowance will trigger inflationary pressures – Labour Consultant
A Labour Consultant, Austin Gamey is warning of increased inflationary pressures if the calls for a neutrality allowance by the Civil and Local Government Staff Association of Ghana (CLOGSAG) are heeded by the government. Currently, the national inflation rate is close to 20%. CLOGSAG laid down their tools on Thursday, April 21, 2022, following the…
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Move from Abossey Okai to Afienya won’t be forced on spare parts dealer– Leadership assures
Leadership of the Abossey Okai Spare Part Dealers Association is assuring its members that no trader will be forcefully evicted from their current location as part of ongoing efforts by the government to relocate spare parts dealers of Abossey Okai in Accra to Afienya, a community in the Greater Accra Region. The remarks follow a…
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A continuous rise in input prices will lead to higher commodity prices – AGI
The Association of Ghana Industries (AGI), is warning that prices of final goods will continue to rise if the high Producer Price Inflation rate in the country is not checked. Data from the Ghana Statistical Service shows that the year-on-year producer inflation for all industries was 29.3 % in March 2022. The 29.3 percent year-on-year…
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Gov’t spends GH¢5.1 Million in training 149 Ghanaians for petroleum sector jobs
The Petroleum Commission has charged beneficiaries of government-sponsored training programs in the upstream petroleum sector to commit to working in Ghana after graduating. The remarks follow the graduation of 149 Ghanaians after six months of hands-on technician training, to enable them to work in the Petroleum industry. Speaking at the graduation ceremony of the students…
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World Bank urges Ghana to implement policies that attract private investment
The World Bank Group has called on government to prioritize policies that attract investments from citizens and foreigners. According to the Bretton Woods institution such an approach is critical especially as countries like Ghana strive to return to a path of sustained economic growth. Ghana like many other developing countries is dealing with the impact…
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Opoku-Ahweneeh Danquah takes over as GNPC CEO from Dr. K.K Sarpong
The Deputy Chief Executive Officer at the Ghana National Petroleum Corporation (GNPC), in charge of Technical Operations, Opoku-Ahweneeh Danquah, has taken over from Dr. Kofi Koduah Sarpong as the new chief executive officer of the company. Dr. K.K Sarpong, is expected to step down as the chief executive officer of the company later this week…
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Stakeholders urged to ramp up education on E-levy ahead of 1st May start date
With about 10 days to go, to the highly anticipated implementation of the Electronic transfer Levy (E-Levy) by the Ghana Revenue Authority, the Ghana Chamber of Telecommunications, is calling for a ramping up of education by the various stakeholders on the project to ensure the public is adequately informed. The levy of 1.5 % on…
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GCB Bank records strong growth in profits in 2021, after a sluggish 2020
Leading local bank, GCB Bank Limited has recorded an overall strong performance in the year 2021, as seen in its impressive growth in profits, both before tax and after tax as well as the increase in the loans and advances given to the bank’s customers last year as compared to the situation in 2020. Profits…
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Telcos Chamber wants E-levy law reviewed to exclude salary payments via MoMo
Ahead of the highly anticipated implementation of the Electronic Transfer Levy (E-Levy) from May 2022, the Ghana Chamber of Telecommunications has called for a review of portions of the law to exclude the 1.5% charge on payment of salaries made via mobile money. According to the chamber, per the current law, salaries that are paid…
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More oil cash could help gov’t meet 2022 revenue target – Seth Terkper
Former Finance Minister, Seth Terkper says a sustained high price of crude oil on the international market could help government in raking in much-needed revenue for this year. From a revenue target of GH¢72 billion in 2021, government has set for itself a new target of GH¢ 100 billion for 2022, and is hoping the…