Author: Nerteley Nettey
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Bawumia calls for more AfDB support as African economies battle global challenges
Vice President, Dr. Mahamudu Bawumia, has urged the Africa Development Bank (AfDB) and the Africa Development Fund to offer more support to African economies in the midst of on-going global economic challenges. According to him, the AfDB has lived up to its billing of being at the forefront of the continent’s development, adding that the…
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Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report
With a projected growth rate of 5.3%, the African Development Bank is forecasting a positive economic outlook for the Ghanaian economy this year. According to its 2022 Economic Outlook Report released at the Bank’s ongoing Annual Meeting in Accra, it is however expecting a slight drop in the rate at which the economy grows. The…
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Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo
Foreign illicit financial transactions and tax evasion by multinational companies are draining Africa’s domestic resources and depriving it of crucial investment funds. This is according to President Nana Addo Dankwa Akufo-Addo. According to him, the phenomenon is denying the continent the needed tax revenue to finance important development programmes for the country. Speaking during the…
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Old Mutual celebrates 177th anniversary globally, 10 years in Ghana
Pan-African investment, Old Mutual Group, savings, insurance, and banking group, is celebrating its 177 years of operation globally with the Ghanaian unit also marking its 10th anniversary. The Ghana unit, which provides insurance and pensions services, has been at the forefront of some of the most innovative insurance and pensions products and services in the…
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Take control of financing on the continent – Ofori-Atta to AfDB
Finance Minister, Ken Ofori-Atta, has urged the African Development Bank to strengthen itself to take control of financing more projects on the continent. According to him, the bank must put in place measures to ensure that no financial institution, including the Bretton Woods, has a deeper foothold on the continent than the African Development Bank.…
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We’ll avert any looming food crisis with effective planning – AfDB Boss
The African Development Bank Group president, Dr. Akinwumi Adesina, says he is confident that Africa will be able to avoid a looming food crisis in the coming months. To tackle the disruption of food imports from the Russian-Ukraine crisis, the Board of Directors of the Bank last week approved a $1.5 billion African Emergency Food…
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We’ll increase investment in irrigation facilities to cocoa farms – COCOBOD CEO
Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo has given the firm assurance that his outfit will increase investment in irrigation facilities to cocoa farms nationwide to address the impact of climate change on cocoa farms. The International Cocoa Organisation’s monthly report for April 2022, has forecasted cocoa production for the…
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Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative
As part of efforts to bring some relief to cocoa farmers in Nigeria and help them achieve a living income, the world’s fourth leading producer of cocoa has begun processes to join the Ghana-Côte d’Ivoire Initiative. The Ghana-Côte d’Ivoire Initiative was promulgated by the two leading producers of cocoa in the world, Ghana and Côte…
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6th CEO’s Summit pushes for ease of doing business law to boost economic growth
The Ghana CEO’s Summit is urging government to take a serious look at addressing the bottlenecks embedded in the country’s civil service and craft a framework that will streamline systems for a more efficient delivery of government services. The CEO’S Summit believes that easing business processes like tax filing, business registration and the likes will…
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Chamber of IPPs disappointed over ECG’s tariff increase request
The Chamber of Independent Power Producers Distributors and Bulk Consumers (CIPDiB), has expressed disappointment at the call for an increment in electricity tariffs by the Electricity Company of Ghana (ECG). According to the Chamber, the government has engaged the IPPs to reduce their capacity charges or tariffs to the ECG, to make the price of…