Author: Godwin Akweiteh Allotey
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ECG retrieves GH¢38m debt from clients in Central Region
The Central Regional Office of the Electricity Company of Ghana (ECG) has recovered more than GH¢38 million owed by its customers across the region since the commencement of its debt collection exercise on Monday, March 20. The amount represents 14.9 percent of the GH¢255 million owed ECG by domestic users, businesses, organizations, ministries, departments, and…
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Overtaxing investors a threat to Ghana’s development – Organised Labour
The Ghana Federation of Labour (GFL) says the consistent introduction of new taxes in the country is a threat to national economic development. Mr Abraham Koomson, the GFL Secretary General, who spoke in an interview in Tema, said companies had employees and paid their salaries, as well as social security, contributing to the improvement of…
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We’re committed to deepening collaborations with DBG to achieve its mandate — CBG MD
The Managing Director of Consolidated Bank Ghana Ltd. (CBG), Daniel Wilson Addo, has stated that his outfit is committed to deepening collaborations with Development Bank Ghana (DBG) to facilitate and strengthen long-term credit flow to drive economic growth among Ghanaian businesses. Commenting on the importance of the partnership, Mr. Addo said, “DBG has a big…
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Nserewa to support 2,500 rice, soya and maize farmers in 2023 in Ghana
Ghanaian agricultural crowdfunding platform Nserewa has set a target of supporting about 2500 farmers under its farmers’ input support scheme. Launched in 2021, the Nserewa crowdfunding scheme has supported over 1200 small-holder farmers across Ghana to produce Rice, Soya and Maize. In addition, the platform enabled the production of an additional 1000 acres of Maize…
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Banks will lose 60% revenue under Debt Exchange programme – Alex Mould
A former Executive Director of Standard Chartered Bank, Mr. Alexander Kofi-Mensah Mould, popularly called Alex Mould, has warned that the Akufo-Addo government’s debt exchange programme will have dire implications on the Ghanaian economy. According to him, if the debt exchange programme is carried out in its current form, it would result in many banks losing…
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We’ve identified specific policies to restore macroeconomic stability in Ghana – IMF
The International Monetary Fund (IMF) and government have identified specific policies to help stabilise the Ghanaian economy from its current predicament. This was disclosed in a statement by the Bretton Woods institution after its officials visited Ghana from 11th to 19th October 2022. The IMF team which was led by Stéphane Roudet met the Finance…
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Fuel prices reduced by 15 pesewas per litre effective April 1
Fuel prices in Ghana will go down by 15 pesewas per litre effective April 1, 2022. This reduction will be in place for three months. This was disclosed by the Minister of Finance, Ken Ofori-Atta, on Thursday, March 24, 2022, while announcing measures put in place by the government to cushion Ghanaians against current economic…
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Gov’t, stakeholders to meet over possible fuel price cuts – Oppong Nkrumah
Fuel consumers in Ghana may soon experience some relief with regard to the skyrocketing prices of petroleum products as the government seeks to engage with various stakeholders on possible cuts in some margins and levies on the price build-up. Information Minister, Kojo Oppong Nkrumah, who made the announcement at the Citi Breakfast on Monday said…
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Receiver announces sale of 24 landed properties of collapsed microfinance firms
The Receiver for the collapsed 347 Microfinance Companies (“MFIs”) and the 23 Savings & Companies, Eric Nana Nipah, is in the process of selling another set of landed properties belonging to some of the defunct firms. Mr. Nipah had earlier in March 2021 announced the sale of some of the properties of the affected firms.…
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Transport fares may go up but not from Monday – GPRTU clarifies
The Ghana Private Road Transport Union (GPRTU) has debunked claims that transportation fares will go up from Monday, October 25, 2021. Leadership of the transport union says it is still in talks with the government to scrap some taxes and levies placed on petroleum products. Speaking on Eyewitness News, General Secretary for GPRTU, Godfred Abulbira Adogma…