Author: Ebenezer Afanyi Dadzie
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Golden Star Resources sells off 90% of Bogoso-Prestea Mine for $95m
Golden Star Resources Ltd. says it has entered into an agreement with Future Global Resources to trade off 90 percent interest in the Bogoso-Prestea Gold Mine. The agreement demands that an initial purchase price of $55 million shall be paid with a further contingent component of up to US$40 million staged payments to ensure FGR…
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Mobile Money Interoperability volume jumps by over 400% in 2020 1st half
The volume of Mobile Money Interoperability transactions has shot up by over 444 percent in the first half of this year compared to the same period last year. This is contained in the Ghana Interbank Payment and Settlement Systems (GhIPSS) Half Year Performance report. According to the report, transactions from January to June 2020, stood…
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Make money with your smart devices – Forex Analyst urges young graduates
Director of Forex Trading Academy, Lennis Glover, has urged Ghanaians to explore new ways of working that involves hiring of independent contractors and freelancers instead of full-time workers. Speaking during a web seminar organised in collaboration with the Greater Accra Regional Chapter of the National Service Personnel Association (NASPA), Mr. Glover urged young graduates to…
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Gov’t presents GH¢2m to 1,000 physically challenged entrepreneurs
President Akufo-Addo on Friday July 24, 2020, presented 2 million Ghana Cedis to 1,000 disabled entrepreneurs to empower them economically. The initiative is under the Presidential Empowerment for Male Entrepreneurs (PEMED) programme, and is being spearheaded by the Business Development Ministry. At a short ceremony at the Jubilee House, Accra, President Akufo-Addo said government is…
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COVID-19: African Development Bank Group supports Ghana with $69m grant
The Board of Directors of the African Development Fund (ADF) on Friday, July 24, 2020, approved a $69 million grant to support Ghana’s efforts to tackle the COVID-19 pandemic and mitigate its socio-economic impact on the country. The grant from the ADF, the concessional arm of the African Development Bank, would provide fiscal budget support…
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Thousands secure TIN in Central Region to benefit from COVID-19 stimulus package
A total of 24,135 Tax Identification Number (TIN) applications have been processed and certificates issued to respective small and micro enterprise (SME) applicants by the Small Taxpayer Office of the Ghana Revenue Authority (GRA) in the Agona West Municipality and its adjoining districts of the Central Region. Mr. Abdul-Rahman Musah, Manager of Small Taxpayer Office…
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Boeing to delay 777X as demand drops for big jets
Boeing Co (BA.N) is preparing to delay its all-new 777X jet by several months or up to a year, three people familiar with the matter said, as the COVID-19 crisis exacerbates a drop in demand for the industry’s largest jetliners. Boeing hopes to bring the jet to market as passenger travel rebounds after a downturn…
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Airbus offers subsidy concession to end U.S. tariffs
Europe’s Airbus said on Friday, July 24, 2020, it would increase loan repayments to France and Spain in a “final” bid to reverse U.S. tariffs and jog the United States into settling a 16-year-old dispute over billions of dollars of aircraft subsidies. The European Union, France and Spain said the move to raise interest rates…
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Zimbabwe moves to eliminate parallel exchange rate in new law
Zimbabwe has set new regulations to compel businesses to use a single exchange rate for pricing goods and services as it seeks to control surging costs. The government in a gazette on Friday said any person who provides goods or services in Zimbabwe shall display, quote or offer the price for such goods or services…
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Schlumberger eyes deeper cost cuts as oil rout triggers $3.7 billion charge
Oilfield services giant Schlumberger NV (SLB.N) on Friday outlined plans for deeper spending cuts after recording a $3.7 billion charge and a second straight quarterly loss on thousands of job cuts and a pipeline outage in Ecuador. The large loss capped second-quarter reports from U.S. oilfield services providers that laid bare the damage wreaked by…