Author: Nerteley Nettey
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Fuel prices go up slightly as BOST margin increases – NPA
Consumers of petroleum products should be paying an additional three pesewas per litre for the fuel they purchase at the various pumps from June 1, 2020. According to the National Petroleum Authority, NPA, this follows an increase of the BOST Margin in the price build-up of petroleum products. Currently, a litre each of petrol and…
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Amazon removes racist messages after they appear on some product listings
Amazon.com Inc (AMZN.O) said it was removing certain images after messages using extremely strong racist abuse appeared on some listings on its UK website when users searched for Apple’s (AAPL.O) AirPods and other similar products. This is according to Reuters. The message sparked outrage on Twitter, with the topic “AirPods” trending in the United Kingdom.…
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Gold output from large-scale mining sector up six percent for 2019
Gold output from the large-scale mining sector increased six percent to 2.989 million ounces in 2019 from 2.807 million ounces in 2018, according to the annual report of the Ghana Chamber of Mines. During the period, small-scale production decreased to 1.588 million ounces in 2019 from 1.984 million ounces in 2018. The 20 per cent…
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EU trade commissioner Hogan mulling candidacy for WTO chief
European trade commissioner Phil Hogan is considering putting his name forward as a candidate to be the next director-general of the World Trade Organization,WTO, his spokesman said on Sunday. This is according to Reuters. The WTO post will become vacant at the end of August after incumbent Roberto Azevedo said he would step down a…
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Argentina may spend over $880 million to prop up state airline
Argentina may have to dole out at least $880 million in subsidies this year to keep its state airline afloat, further weighing on government finances after the nation’s ninth sovereign default. Aerolineas Argentinas President Pablo Ceriani said the carrier’s budget shortfalls, up from about $680 million last year, will persist until demand rebounds, which isn’t…
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Ghana’s COVID-19 cases rise to 7,881; 2,841 recoveries and 36 deaths
Ghana’s COVID-19 case count has risen to 7,881 following the confirmation of 113 new cases. This was confirmed by the Ghana Health Service on Sunday, May 31, 2020. The update also indicates that 301 more people have recovered from the virus, increasing the tally for recoveries to 2,841. One more person has also succumbed, putting…
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Ghana’s COVID-19 case count hits 7,768; 2,540 recoveries and 35 deaths
Ghana’s COVID-19 cases have risen to 7,768. This was revealed by the Ghana Health Service on Saturday 30th May, 2020. The update shows that 152 new cases have been recorded in the country. Also, some 128 people have recovered from the virus taking the number of recoveries to 2,540. Meanwhile, one death has also been…
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Car dealers threaten to resist implementation of ban on some second hand cars
The Automobile Dealers Union of Ghana is appealing to government to reconsider certain aspects of the Customs (Amendment) Bill, 2020, which bans the importation of second hand cars of more than ten years old, as well as salvage cars, locally referred to as ‘accident cars. A statement released by government on Wednesday, indicated that the…
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Access Bank embraces new normal with virtual AGM for shareholders
In keeping with regulations for listed companies on the Ghana Stock Exchange (GSE) amidst the restrictions on public gathering due to COVID-19, Access Bank Ghana has led the way by holding its 12th Annual General Meeting (AGM) through a virtual platform for its shareholders. The virtual AGM was held to consider and adopt the statement…
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50 more Jubilee Field petroleum workers test positive for COVID-19
Fifty more petroleum workers at the Jubilee Field operated by Tullow Oil have tested positive for COVID-19. “There were two cases that were confirmed, and we did some contact tracing and about 50 of them are positive and they are asymptomatic,” the Western Regional Director of Health, Dr. Jacob Mahama, said to Citi Business News.…