Author: Lawrence Segbefia
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Ghana’s debt stock at 205.5 billion cedis by July 2019
New Data released by the Bank of Ghana shows that the country’s total debt stock has hit 205.5 billion cedis by July 2019, representing 59.4 percent of GDP. The data shows that between May and July this year Ghana’s debt stock increased by 5.5 billion cedis. By May 2019, the debt stock was at 200…
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#GhanaRising: Young entrepreneurs must stop selling their companies to multinational giants
A former President of the Association of Ghana Industries(AGI) and Chief Executive of Tropical Cables, Dr. Tony Oteng-Gyasi has urged young entrepreneurs not to be in a haste to sell their infant companies to multinational giants wishing to enter the African market. He cautioned that most international firms that want to operate in the African…
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Ghana Rising Conference underway
The Ghana Rising Conference organized by Citi FM/TV is underway at the Kempinski Hotel in Accra. The goal of the one-day conference is to fashion out deliberate policies that will allow Ghanaian indigenous businesses to be able to boost their capacities and go beyond the borders of the country. One of the key highlights of…
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Inflation for August 2019 records 7.8% after rebasing
The inflation rate for August 2019 recorded 7.8 percent, the Ghana Statistical Service (GSS) has announced. The figure was recorded after the GSS rebased the reference period to 2018 from 2012. This means that the Ghana Statistical Service has changed the reference period for calculating the inflation rate to 2018 from the previous 2012. In…
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Ghana Hosts 3rd Annual Africa Oil & Gas Local Content Sustainability Conference
National, regional and international oil and gas industry Local Content Experts will gather in Accra, Ghana, for the third edition of the annual Africa Oil & Gas Local Content Sustainability Conference & Exhibition (ALC2019). The two-day event, which is under the theme, “Shaping the Futurethrough Sustainable Local Content Policies”, takes place from 10-11 October 2019 at Mövenpick Ambassador Hotel in Accra. Ghana National Petroleum Corporation (GNPC) is the host National Oil Company (NOC) of ALC2019, which has been endorsed…
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Transport fares up by 10 percent effective September 16
Public transport fares have been increased by 10 percent. The increment will take effect on Monday, September 16, 2019. This increase covers intracity travel, intercity travel and taxi cabs according to a statement from the Ghana Private Road Transport Union (GPRTU) and the Ghana Road Transport Coordinating Council. The statement said the increase is “to…
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Attorney General to begin prosecution of shareholders, directors of collapsed banks
The Senior Minister Yaw Osafo Maafo has stated that the Attorney General will soon take legal actions against some specific individuals whose actions led to the banking crisis over the past 2 years. Mr. Osafo Maafo stressed that owners of some of the default banks who took depositors money out of the country without following…
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President Akufo-Addo to announce new cocoa price on Oct 1, 2019
The Chief Executive Officer of COCOBOD Joseph Boahen Aidoo has stated that president Akufo-Addo will announce a new cocoa price for farmers on October 1, 2019. He maintained that cocoa farmers will be given priority in setting the new price for the commodity for the 2019/2020 crop season. “I have always told our farmers to…
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High Court adjourns Unicredit’s case against BoG to September 19th 2019
The High Court has adjourned the suit involving the shareholders of defunct Unicredit savings and Loans company limited and the Bank of Ghana over the revocation of the license of the company. The court adjourned the case to 19th September. This follows the inability of the Bank of Ghana to serve lawyers of Unicredit with…
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Article: Gauging vessels compliance level of IMO 2020 sulphur cap
There have been a dramatic expansion of regulations in key sectors of the global economy over the past decade, driving most of the improvement in conditions we have seen up to date — curtailing pollution, preventing abuses in the finance system, ensuring food safety, and protecting public health et cetera. The financial system for instance…