Author: Ellen Dapaah
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GUTA heightens calls for increased access to Chinese Yuan for traders
The Ghana Union of Traders Association (GUTA) has heightened calls for increased access to the Chinese Yuan for traders who mostly import their wares from China. According to the President of the Association, Dr. Joseph Obeng, such a move is expected to reduce pressure on the Cedi, as traders will not have to get Dollars…
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World Bank supports payment of LEAP arrears for 344,000 beneficiary households across Ghana
The World Bank has released GHS 42 million through the Ghana Productive Safety Net Project 2 to support the government of Ghana pay two cycles of arrears of the Livelihood Empowerment Against Poverty (LEAP) for 344,000 beneficiary households. The LEAP program is one of the government’s flagship social protection programs, initiated in 2008 to alleviate…
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Deputy Trade Minister clarifies govt’s objectives for Youth Enterprises project
Deputy Minister for Trade and Industry in charge of Industry, Michael Okyere Baafi has clarified government’s objectives for incorporating the Enabling Youth Enterprise under the One District One Factory Policy. With this initiative, young people are put into groups and funded to roll out mainly agribusiness industries. The project with funding from the African Development…
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Akufo-Addo recognizes contribution of ICUMS to enhanced revenue generation
President Nana Akufo-Addo has singled out for praise the Integrated Customs Management Systems (ICUMS) for its efficiency and ability to shore up revenues at the ports. The system runs the popular paperless system at the Ghana ports. Also known as the UNIPASS electronic system operated by Ghana Link, the system has generated more revenue for…
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Gov’t to set up vehicle financing scheme to boost purchase of locally assembled cars
President Akufo-Addo has disclosed plans by the government to establish a vehicle financing scheme aimed at supporting the purchase of locally assembled vehicles. This move, according to the President, is to reduce both the importation of vehicles and the heavy reliance on second-hand vehicles. Nana Akufo-Addo was speaking at the unveiling ceremony of Japan Motors’…
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Akufo-Addo commissions Nissan’s brand new Navara assembling plant
The President of Ghana, Nana Addo Danquah Akufo-Addo has officially opened the brand-new state-of-the-art Nissan Navara assembly plant in Tema on Thursday, March 31st, 2022. The plant is the culmination of a journey that began in 2018 when Nissan became the first mover in the country to sign a memorandum of understanding with the government…
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Passage of e-levy bill unfortunate – Prof. Bokpin
Economist, Prof. Godfred Bokpin is disappointed that the Majority Caucus in Parliament has passed the controversial electronic transfer levy bill. The e-levy has been a major source of tension in Parliament and even among the public since it was introduced in the 2022 budget. But Parliament on Tuesday passed the e-levy bill without the Minority…
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COCOBOD partners Academy of Arts and Sciences to boost cocoa consumption
The Ghana Cocoa Board (COCOBOD) and the Ghana Academy of Arts and Sciences (GAAS) have joined forces to conduct extensive research into the use of cocoa in the treatment of some global life-threatening diseases. The collaborative project seeks to further explore the health benefits of cocoa to encourage its consumption. This latest move between GAAS…
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Gov’t urged to be accountable for new interventions rolled out to revive economy
Economist with Databank, Courage Martey has urged the government to be accountable in the quest to reap maximum impact off the interventions and cost-cutting measures rolled out to revive the economy. The government has committed to further spending cuts amid the rising cost of living and growing sense of economic hardship. These new measures will…
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Gov’t urged to introduce policies to ensure proper utilization of petroleum revenues
Economist, Dr. Theophilus Acheampong has criticized government’s utilization of resources from the country’s petroleum funds. The Ghana Petroleum Fund is meant to channel excess petroleum revenue into financial instruments for sustaining public expenditure capacity during periods of unanticipated petroleum revenue shortfalls and serve as an endowment to support the development for future generations. They comprise…