Author: Michael Ogbodu
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Ghana’s real estate industry can recover despite impact of COVID-19 – Greg Pearson
Players in the real estate industry are hopeful of a major turnaround of the sector locally, despite the impact of the COVID-19 pandemic. The sector took a nosedive due to the outbreak of COVID-19. Several months down the lane, with a global rollout of vaccines, easing of some restrictions, economies have begun to pick up.…
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Ghana must become shareholder in oil extraction to boost earnings – Energy Consultant
Energy Consultant Dr Yussif Sulemana says Ghana must move from relying on returns from royalties to maximise its revenues from the extractive industry. His comment is a reaction to an analysis done by the Institute of Fiscal Studies (IFS) that showed that Ghana’s revenue from its oil was about a quarter of that of Nigeria…
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We don’t expect ban on setting up of LPG stations to be lifted – Bureau of Public Safety
The Bureau of Public Safety says it does not expect the ban on the construction of Liquified Petroleum Gas (LPG) stations in the country to be lifted. It says it rather anticipates the green light for the siting of LPG cylinder recirculation distribution points to be given. Chief of Party at the Bureau of Public…
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Parliament must ensure Aker Energy, AGM deal is value for money – ASEPA
The Alliance of Social Equity and Public Accountability (ASEPA) is urging Parliament to thoroughly scrutinise the deal by the Ghana National Petroleum Commission (GPNC) to increase its shares in Aker Energy and AGM Petroleum. Speaking during a press conference, Executive Director of ASEPA, Mensah Thompson, said the legislative arm of government must work to ensure…
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Our Job Centre has created over 1000 jobs despite COVID-19 pandemic – YEA
The Youth Employment Agency (YEA) says notwithstanding the setback caused by the outbreak of the COVID-19 pandemic, its Job Centre has helped over one thousand youth gain employment. The Job Centre was launched in October 2019, as part of efforts towards making the agency a one-stop-shop employment agency facilitating the employment of the youth in…
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50% reduction in benchmark values crippling agric sector – Rice millers
The Ghana Rice Millers Association of Ghana says the 50% reduction in benchmark values did not benefit the consuming public and is therefore calling for it to be scrapped. According to the group, the rebate government introduced only enriched importers and did not reflect a reduction in the price of goods on the market. Yaw…
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Capacity, quality concerns in fashion industry must be addressed – International fashion designer
Ghanaian International fashion designer, Sally Torpey, says attention must be given to production capacity while addressing quality concerns in the country to court international attention. She argues that the African Continental Free Trade Area also presents opportunities for local brands to expand if these issues are addressed. The African Continental Free Trade Area (AFCFTA) agreement…
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Increase Ghana’s oil storage capacity as global prices fall – Dr Sulemana to government
As oil prices on the global markets continue to fall, Energy Consultant, Dr Yussif Sulemana says the government must strive to increase its storage capacity. He argues that this will help cushion the country when prices begin to rise. According to him, “Ghana must have massive storage ability and the reason is that, when these…
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Address valuation and secrecy concerns raised against GNPC-Aker Energy deal – CSOs to government
A group of civil society organisations working in the extractive industry has asked government to take steps to address concerns raised against moves to increase the country’s stakes in oil blocks operated by Aker Energy and AGM Petroleum Ghana. The group had earlier expressed worry over the valuation of the company, among others. A member…
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African countries must jointly negotiate with China for better deals – IEA
The Institute of Economic Affairs (IEA) says African countries must begin collaborative negotiations when doing business with China. According to the Civil society Organisation, this move would give countries on the continent better leverage in their deals with the Asian country. China continues to be a major business player with most African countries. Ghana for…