Author: Godwin Akweiteh Allotey
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World Bank financing for COVID-19 vaccine rollout exceeds $4 billion
The World Bank announced today, June 30, 2021, that it is providing over $4 billion for the purchase and deployment of COVID-19 vaccines for 51 developing countries, half of which are in Africa. More than half of the financing comes from the International Development Association (IDA), the Bank’s fund for the world’s poorest countries, and…
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Government to disburse GH¢55 million grant to tourism practitioners
Dr Ibrahim Mohammed Awal, the Minister of Tourism, Arts and Culture, has said government will from next week begin disbursing GH¢55 million grants to players in the tourism industry to support their businesses. He said the sector lost about 75% of its resources and about eight million Ghana cedis due to the COVID-19 pandemic, last…
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Onion trucks banned from Agbogbloshie market ahead of traders’ relocation
The government has insisted that all trucks that intend to cart onions to the Agbogbloshie market in Accra will be stopped at Amasaman in the Ga West Municipality. This measure is in place ahead of plans to relocate all the onion traders from the Agbogbloshie market to Adjen Kotoku by Thursday in a bid to…
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#CitiBusinessFestival: Virtual forum on AfCFTA comes off today
The fourth edition of the 2021 Citi Business Festival’s virtual fora comes off today, June 22, 2021. The panellists will delve deeper into the conversation on Trade, Export and the African Continental Free Trade Area (AfCFTA). The forum, scheduled to be held from 11:00 am to 1:00 pm, will be hosted by Citi News’ Vivian Kai…
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BoG must sanction banks that flout new directives on fees and charges – Banking Consultant
A Banking consultant, Dr. Akwasi Atuahene, has called on the Bank of Ghana to take action against financial institutions that fail to implement its new directives to stop deducting some charges and fees on the accounts of customers. The Central Bank in a statement on Friday, June 18, 2021, directed banks and Specialized Deposit-Taking institutions…
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African Development Bank to invest $3 billion in Africa’s pharmaceutical industry
In recognition of the devastating effects of the COVID-19 pandemic on African economies, the President of the African Development Bank, Akinwumi Adesina, says the bank is willing to help West African countries accelerate growth and development to ensure economic stability. Speaking at the opening of the 59th ECOWAS Heads of State and Authority summit in…
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We’ve listed 70% of structures nationwide ahead of 2021 census – GSS
The Ghana Statistical Service (GSS) has said that it has been able to list 70% of the estimated 11 million structures in the country in the past six days. According to Government Statistician, Prof. Samuel Kobina Annim this is part of the first phase of the 2021 Population and Housing Census. “The exercise is in…
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Fuel prices likely to go up soon – COPEC predicts
The Chamber of Petroleum Consumers (COPEC), is predicting another increase in petroleum prices at the various pumps in the coming days. COPEC wants the government to take swift actions to avert the increase. A recent hike already moved the price of petrol at some pumps from GHC 6.05 to GHC 6.23 per litter, leading to…
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Public Enterprises Minister calls for safeguarding state investment
Mr Joseph Cudjoe, the Minister of Public Enterprises, on Monday paid a working visit to the State Interest and Governance Authority (SIGA) and urged it to help in safeguarding investments in state-owned enterprises (SOEs). He said a lot of state resources had been invested in specified entities like the SOEs, joint venture companies, and regulatory…
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‘It’s unfair to say Ghana has nothing to show for its programmes with IMF – Country Director
The Country Director for the International Monetary Fund (IMF), Dr. Albert Touna Mama, says it is unfair for anyone to suggest that Ghana has nothing to show for its many programmes with the IMF. According to him, the country cannot be said to have stagnated throughout its various programmes with the IMF as the fund…