Author: Nerteley Nettey
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COVID-19: Ofori-Atta seeks approval to spend GHS 1.2bn from Contingency Fund
The Finance Minister, Ken Ofori-Atta, has formally made a request to Parliament to spend over GHS1.2 billion from the Contingency Fund as part of measures to contain the novel coronavirus pandemic. The Speaker of Parliament has referred the Finance Minister’s request to Parliament’s Finance Committee. “These are extraordinary and sobering times; and we must respond…
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GIIF donates GHS500,000 to COVID-19 Trust Fund
The Ghana Infrastructure Investment Fund (GIIF), has donated an amount of Ghc 500,000 to the Ghana Covid-19 National Trust Fund. The move is aimed at helping with the national fight against the pandemic. Leading a delegation on Wednesday, April 8, 2020, to make the donation at the Jubilee House, was the Board Chairman of GIIF,…
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CBG donates Gh₵200, 000 to Noguchi and COVID-19 Trust Fund
Consolidated Bank Ghana (CBG), has supported the Noguchi Memorial Institute for Medical Research (NMIMR) and the Covid-19 National Trust Fund with a total amount of GHS 200,000 to support the fight against the novel coronavirus (Covid-19) pandemic in Ghana. The donation, which will be shared between the two institutions equally, is part of CBG’s GH¢1…
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PURC has no excuse; electricity tariffs must go down – CUTS Ghana
The Public Utilities Regulatory Commission (PURC), will have no basis to reject calls for a reduction in electricity tariffs as long as the factors that determine the cost of generation in the electricity power mix have seen a drastic change. That’s according to a Research and Public Policy Think Tank, CUTS Ghana, which has officially…
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Finance Minister to present policy statement on COVID-19 fight in parliament
The Finance Minister will on Wednesday, April 8, present a policy statement in Parliament on government’s measures to curtail the spread of the novel coronavirus pandemic as the House resumes sitting. This was announced by the Speaker of Parliament, Prof. Aaron Mike Oquaye, in a statement. The Speaker also recalled MPs after the suspension of…
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GUTA commends Gov’t on GHS600m loan support scheme for SMEs
The Ghana Union of Traders, GUTA, says it is looking forward to clarity from government on the modalities for the disbursement of the GHS600 million loan support scheme for Small and Medium Scale Enterprises, SMEs. President Akufo-Addo on Sunday, April 5, announced that the scheme, in collaboration with the National Board for Small Scale Industries,…
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5 local firms to start production of 3.5 million nose masks – Health Minister
Government says it will from Wednesday, April 8, 2020, start taking delivery of locally produced nose masks to help in the fight against the coronavirus pandemic. According to government, five local firms have been engaged by the Ministry of Trade and Industry to produce a total of 3.5 million masks which will be distributed across…
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COPEC, CPA sue NPA over new LPG levy
The Chamber of Petroleum Consumers Ghana (COPEC), and the Consumer Protection Agency (CPA), have sued the National Petroleum Authority (NPA) over the introduction of the Cylinder Recirculation Recovery Margin (CRM), which will allow LPG operators to start charging 13.5 pesewas for each kilogram of LPG. The two entities in their writ of summons contend among…
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AGI commends Gov’t on GHS600m SMEs loan package
The Association of Ghana Industries (AGI), says it is yet to meet government to request for modalities that will be used to advance the 600 million soft loan scheme for small to medium scale enterprises, SMEs. This follows President Akufo-Addo’s announcement on Sunday April 7, 2020, during a nationwide address to Ghanaians on additional measures…
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Spending Heritage Fund now won’t solve Ghana’s problems – ACEP cautions gov’t
The African Centre for Energy Policy, ACEP, says efforts by government to draw funds from the Ghana Heritage Fund to stem the spread of the Coronavirus pandemic is not acceptable. The Think Tank says the use of the Fund is ‘akin to telling citizens to go for their pension because they are faced with challenges…