Author: Ellen Dapaah
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Food, fuel prices push inflation rate to 15.7% in February 2022
Ghana’s inflation rate has once again risen to hit 15.7 percent in February 2022. This represents a 1.8 percent jump in the inflation rate compared to the 13.9 percent recorded in the first month of this year. The current rate is the highest recorded since the rebasing of the CPI and inflation in August 2019.…
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Stay away from ‘Freedom coin’ cryptocurrency – BoG warns public
The Bank of Ghana (BoG) has warned the public about an impending launch of a cryptocurrency named “Freedom Coin” in Ghana. According to a statement from the Central Bank, the cryptocurrency and its promoting company do not have any”approval from the Bank of Ghana to operate in the banking and payment sector”. The Bank reiterated…
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Gov’t underscores resolve to prioritize gender-sensitive trade policies
Women constitute a major part of small-scale informal cross-border traders who face major obstacles in moving their goods across the borders. These obstacles include lack of knowledge of border procedures and lack of finance among others. As women all over the world are being celebrated, a Deputy Minister for Trade and Industry, Nana Ama Dokua…
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Custom House agents laud use of ICUMS at the ports
Freight forwarders at the Tema ports have lauded the Integrated Customs Management System (ICUMS) currently being used to facilitate trade activities. According to them, the system, which was deployed in 2020, has yielded positive results and has helped put them in check. The Acting President of the Association of Customs House Agents Ghana, Yaw Kyei,…
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Diasporans urged to take advantage of AfCFTA to bring investments to Ghana
The Second Lady, Samira Bawumia, has implored Ghanaians in the diaspora to take advantage of the opportunities of the African Continental Free Trade Area (AfCFTA) and bring investments to Ghana. According to her, there is the enabling environment for businesses to thrive, hence the call for Ghanaians living in the diaspora to return home to…
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Gov’t must adopt measures to properly analyze cost of petroleum contracts to avoid losses – PIAC
The Public Interest and Accountability Committee (PIAC) is asking the government to adopt measures to thoroughly vet costs provided by international companies before petroleum contracts are signed. In a 10-year assessment report on the petroleum sector, the Committee says this needs to be tackled with all seriousness to prevent wastage of money in the sector.…
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Immigration Service successfully admits first batch of Ghana card holders at KIA
Ghanaian passengers who have successfully been admitted into the country with their Ghana cards have expressed satisfaction in the new verification process upon their arrival at the Kotoka International Airport. This comes after the passengers went through due processes supervised by the Ghana Immigration Service at the airport to verify their cards against the national…
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Russia-Ukraine tensions, Cedi depreciation may increase fuel prices by 4% – IES
As the country continues to suffer fuel price hikes and increases in transport fares, consumers may have to brace themselves for more shocks in the next few days. The Institute for Energy Security (IES) is predicting a four percent increase in the prices of Liquefied Petroleum Gas (LPG), Diesel, and Petrol at the pumps in…
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GUTA pleads with gov’t to hasten slowly with complete reversal of benchmark values
The Ghana Union of Traders Associations (GUTA) is pleading with the government to hasten slowly with a complete reversal of the benchmark value discounts. The appeal comes after the government’s announcement of a new 30 percent discount on the benchmark values of all imported goods and a 10 percent discount for vehicles from the initial…
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Ghanaians urged to assume leading roles in energy sector to boost local content
Energy Minister, Dr. Matthew Opoku Prempeh has reiterated calls for Ghanaians to assume leading roles in the various sub-sectors under the country’s energy sector. According to him, the practice of expatriates being awarded huge contracts due to the lack of skills and technical know-how among Ghanaians must be addressed. To achieve this, he believes more…