Author: Emmanuel Oppong
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Société Générale Ghana records GHS 109M profit in 2022 despite DDEP impact
Société Générale Ghana Plc recorded a GHS 109 million profit after tax for the year 2022 as compared to the GHS 184 million cedis recorded in 2021. This represents a decrease in the profit margin of the bank. This comes on the back of the implementation of the Domestic Debt Exchange Programme (DDEP) by government…
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Rana Motors officially launches Kia Carens in Ghana
In its quest to meet the dynamic needs of its clients, Rana Motors has officially launched the Kia Carens, the latest addition to the Kia line –up unto the Ghanaian Automobile market. The new automobile which is a spectacular combination of futuristic technology and inspiring design promises to serve the demands of families. The Kia…
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Coalition of Individual Bondholders Groups to picket at Finance Ministry over unpaid bonds
The Coalition of Individual Bondholders Groups has notified government that members of the group will picket the Ministry of Finance from July 6 to demand payments of their bonds. The picketing will continue until their grievances are addressed by the relevant authorities. The Coalition, which is made up of the Individual Bondholders Association of Ghana…
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GSS pushes for diversification of the local economy
The Ghana Statistical Service (GSS) is pushing for the transformation of the local economy from one driven by micro and small industries to one that is largely supported by a diversification in the medium and large scales industries. According to the Service, this will give a boost to the economy and ensure the growth of…
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Price of diesel and LPG to drop marginally; petrol to remain unchanged – IES
The price of diesel and Liquefied Petroleum Gas (LPG) is expected to fall marginally in the first pricing window of July. This is according to a recent analysis by the Institute for Energy Security (IES). The projection by the Institute for Energy Security, notes that the reduction can be attributed to the 2.6% fall in…
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IBES committee inaugurated to proffer innovative policies for national development
The National Steering Committee of the Integrated Business Establishment Survey (IBES) has been encouraged to ensure that its 2023 report gives innovative backing to businesses across the country. This, according to the Ministry of Finance, will help shape relevant policies to stimulate the profiling of the country’s Gross Domestic Product (GDP) and other critical economic…
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Government commends APPEB Cylinder Manufacturing Company for making strides in the industry
The Ministry of Trade and Industry has reiterated government’s support for private initiatives under the 1D1F to spur the growth of indigenous manufacturing companies. According to the Deputy Minister of Trade and Industry, Michael Okyere Baafi, the efforts of the private sector under the initiative has yielded significant results with respect to complementing government’s efforts…
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FGBMFI urges businesses to maintain corporate values
Businesses are being encouraged to eschew practices and standards that raise questions of integrity of the corporate space. This, according to the Corporate Business Development Directorate of the Full Gospel Business Men Fellowship International will enhance consumer trust and offer some economic relief to the general public as the country is recovering from the economic…
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Aggrieved Gold Coast Fund Management customers demand probe into EOCO over missing Server
The aggrieved customers of Gold Coast Fund Management is calling for an investigation into the Economic and Organised Crime for their inability to produce a server needed for an ongoing court case. In a statement issued by the aggrieved customers of Gold Coast Fund Management, , its convener, Charles Nyame, noted that, the server which…
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Afreximbank’s digital platforms to boost trade and economic development
The Chairman and CEO of Oakwood Green Africa, Mr. Gabriel Edgal, has emphasized the transformative impact of Afreximbank’s digital platforms, including the MANSA and Pan-Africa Payment and Settlement Systems (PAPSS) platforms, on Ghana’s economic development and participation in intra-African trade. Speaking at a side event during the launch of the Africa Trade Gateway as part…