Author: Godwin Akweiteh Allotey
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Invest in clay bricks for construction of affordable houses and roads – PEF to government
The Chief Executive Officer of the Private Enterprise Federation, Nana Osei-Bonsu has called for investments into the clay brick industry to promote affordable housing and roads. Nana Osei-Bonsu advised that since clay exists in almost every region in Ghana, this makes it a viable business worth exploring. He said the source of raw material for…
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Public urged to seek support on use of GhQR code to promote cashless agenda
Members of the public who are still not sure how to access the GhQR for payments, should speak to their banks for assistance, Mr Archie Hesse, the Chief Executive of Ghana Interbank Payment and Settlement Systems (GhIPSS), has advised. GhIPSS, a subsidiary of the Bank of Ghana, introduced the GhQR as part of efforts to…
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Buffer Stock fails to account for GHS480,000 spent on fuel, per diems, others
The National Food Buffer Stock Company has not been able to account for over GHS480,000 it spent on fuel, hiring of vehicles, per diem among others within five months in 2017. “We noted that a total amount of GH¢482,360.00 relating to hotel accommodation costs, per diem allowances, training costs, vehicle hiring & fuel costs for…
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Government engages Bank of America Securities for valuation of GNPC-Aker Energy oil deal
A Deputy Minister for Energy, Andrew Egyapa Mercer, says the government has begun engaging American multinational investment banking division – Bank of America (BofA) Securities Inc. to conduct a valuation of the fields involved in the planned Ghana National Petroleum Corporation (GNPC) and Aker Energy oil bloc acquisition for oil exploration in the country. Mr.…
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Akufo-Addo appoints Farouk Mahama as Board Chair for Ghana Integrated Iron and Steel Corporation
The President, Nana Addo Dankwa Akufo-Addo, has appointed the Member of Parliament for Yendi in the Northern Region, Farouk Aliu Mahama, as the Board Chair of the Ghana Integrated Iron and Steel Corporation. President Akufo-Addo made the announcement on Saturday, August 7, 2021. According to the President, Mr. Mahama is expected to ensure that the…
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10% of ECG’s revenue unaccounted for – Energy Minister
At least 10 percent of electricity produced by the Electricity Company of Ghana and consumed by the public cannot be accounted for, the Minister of Energy, Dr Matthew Opoku Prempeh, has revealed. The situation, he said, meant that for every 1,000 megawatts of electricity sold, 100 megawatts is unaccounted for, insisting that a company with…
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New gold refinery to start in October – PMMC
Barring any last-minute hitches, Royal Gold Ghana Limited (RGGL), a refinery in which the state has a 20 per cent stake, will begin operation by the end of October this year. The RGGL, which is a partnership between the Precious Minerals Marketing Company (PMMC) and Rosy Royal Limited, an Indian company, is located on the…
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Maiden AfCFTA-Angola Business forum held in Accra
The maiden African Continental Free Trade Area (AfCFTA) – Angola Business Investment Forum, has been organised in Accra to boost bilateral businesses. The event forms part of activities marking the three-day official visit of President João Manuel Gonçalves Lourenço of Angola to Ghana. The aim of the Forum was to further expand bilateral business relations…
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Ekumfi Fruit Juice factory hasn’t collapsed – Management
The management of the Ekumfi Fruit and Juices Factory at Ekumfi Nanaben in the Central Region has dispelled rumours that the company has collapsed. Although it said its operations were affected by climate change, management says the factory is still producing on a large scale, adding that there are plans to introduce some new…
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We’ll comply with 10% tax directive but give us two months – MoMo agents
The Mobile Money Agents Association of Ghana has revised its position on the impending 10% tax on cash-out commissions of its members. The association after indicating earlier that it will transfer the cost onto customers says it wishes to further engage with the Ghana Revenue Authority (GRA) on the implementation of the tax. Leadership of…