Author: Lawrence Segbefia
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UNIPASS rakes in GHS490m in 17 days – GRA
The Ghana Revenue Authority, GRA, has reassured freight forwarders that technical challenges that have disrupted the Integrated Customs Management, ICUMS, will be addressed by the end of June. The ICUMS, also known as UNIPASS, was rolled out on June 1, to take over the single window platform from GCNet and West Blue Consult at the…
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Provisional GDP for 2020 1st quarter increases to 92.5 billion cedis
Provisional figures released by the Ghana Statistical Service shows that the country’s first quarter Gross Domestic Product (GDP), that is from January to March at current prices, increased to 92.5 billion cedis. Compared to the same period in 2019, the figure was at 84.8 billion cedis. On sector basis, Services recorded the highest growth rate…
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Pharmaceutical Manufacturers Assoc. to halt supply to health facilities over unpaid debt
The Pharmaceutical Manufacturers Association of Ghana (PMAG), and the Chamber of Pharmacy, Ghana (CPG), have blamed lack of transparency among other things at the Ministries of Health and Finance for their decision to withdraw their services by July 1. That’s according to the Executive Secretary of PMAG, Lucia Addae. The two groups have threatened to…
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Banks withstand COVID-19 shocks, SDIs hit hard – BoG Report
A new report by the Bank of Ghana has established that even though banks have been resilient to shocks amidst the Covid-19 pandemic, the same cannot be said for Specialized Deposit-Taking Institutions such as Savings and Loans Companies and Microfinance firms. The report, which was conducted by the central bank for the first quarter of…
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Passage of CIMG Act will sanitize marketing profession in Ghana – CIMG President
The President of the Chartered Institute of Marketing Ghana, Daniel Kasser Tee, is hopeful the marketing industry will be sanitized with the passage of the CIMG Bill into an Act. The bill, which was delayed in Parliament for nearly two decades, was finally passed into law last week, awaiting presidential assent. The Act is expected…
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#CitiBusinessFestival: Participants call for a shift in policy to reduce import of tomatoes
Participants at the third edition of the Virtual Business Forum, which is part of this year’s Citi Business Festival, are calling for a policy shift to reduce the importation of basic vegetables such as tomatoes. Ghana imported 99 million cedis worth of tomatoes from Burkina Faso in 2018. The country is said to also import…
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E-commerce may reduce physical shops after COVID-19 – CEO of Horseman Shoes
COVID-19 will among other things push entrepreneurs in the fashion and lifestyle business to explore e-commerce if they are to survive. That’s the view of Ghanaian shoe maker, Tonyi Senayah. The COVID-19 pandemic and its attendant restrictions shifted demand from non-food items such as shoes and clothes to food items, medication and other basic things…
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Grand finale of Livingfields AgriChallenge airs on Citi TV on Saturday, June 13
The grand finale of the season one of the Livingfields AgriChallenge will air on Saturday, June 13, on Citi TV from 9:00pm to 10:00pm. The AgriChallenge, which premiered on Citi TV on March 12, 2020 is an agricultural reality show aimed at encouraging graduates to venture into agriculture. Twelve trainees were admitted to the program…
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ADB releases GHS23.1m to support poultry farmers in Bono Region
The Agricultural Development Bank, ADB, has released the first tranche of 23.1 million Ghana cedis to help revive Ghana’s poultry industry. The bank last month outlined plans to invest 500 million cedis in Ghana’s poultry industry by 2022 with the ultimate aim of boosting local production to reduce importation. The Bono Region is the first…
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Banks defy BoG’s directives on customer complaints, data protection – Survey reveals
A market survey by the Bank of Ghana (BoG) has shown that some banks are breaching its Consumer Recourse Mechanism Guidelines for Financial Service Providers. As a result, it has vowed to enforce all legal tools available to ensure compliance by the financial institutions. Among the key findings were the inadequate time given loan defaulters…