Author: Pius Amihere Eduku
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Public sector underperforms again in latest Customer Service Index
For the second consecutive time, Ghana’s public sector placed bottom in the Customer Service Index conducted on some selected entities in the country. The survey, commissioned by the Institute of Customer Service Professionals, looked at the perception of customer satisfaction in a wide array of organizations providing various services such as finance, transport, utility as…
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GUTA urges members to suspend travels to China over Coronavirus outbreak
The Ghana Union of Traders Association, GUTA, has advised business travelers to China to put their travel plans on hold. The caution follows the outbreak of the deadly Coronavirus in China which has so far killed over a hundred people and infected more than four thousand others. The General Secretary of GUTA, Alpha Shaban, in…
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MCC to construct electricity bulk supply point at Kasoa
The Millennium Challenge Corporation (MCC) through the Millennium Development Agency, is to construct a modern Bulk Supply Point at Kasoa in the Awutu Senya East Municipality. The Kasoa BSP, which is a 435 Mega Volt Amp Gas Insulated Switchgear sub-station, when completed, will be the second-largest Bulk Supply Point in the country after the Pokuase…
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Coupon rate for 2020 Eurobond must be within 8 percent – Prof. Assibey
Economist, Prof. Eric Osei Assibey, has suggested that government must work to attract an interest rate within the region of eight percent for its Eurobond expected to be issued later this week. His comment comes ahead of the start of the 2020 Eurobond roadshow to engage potential investors. A government delegation led by the Minister…
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FX forward sale: BoG accepts $40m in January 28 auction
The Bank of Ghana’s auction committee accepted less than fifty percent of the total amount of bids submitted by banks in the forex forward sales for Tuesday, January 28, 2019. The forty million dollars accepted by the Central bank is about 38 million dollars less than the amount the banks bid for. Results published by…
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Receiver auctions cars of collapsed S&Ls and microfinance firms to repay depositors
As part of efforts to expedite payments to affected customers of the collapsed microfinance and savings and loans companies, the Receiver, Eric Nana Nipah, has commenced processes to auction some used vehicles and motor bikes owned by the defunct entities. The proceeds of the auction are to add up to the amount available to pay…
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Leverage Moody’s positive rating to attract investments – Prof. Assibey to Gov’t
Economist, Prof. Eric Osei Assibey, has stated that government ought to take advantage of the country’s positive outlook ratings to attract more investments into the country. His comment follows Ghana’s recent improvement in the report of International Rating Agency, Moody’s, from a stable outlook to a positive one. Moody’s, based its rating on what it…
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December producer price inflation highest in 2019 due to fuel price hikes
The rate of increase in the prices received by domestic producers of goods and services for December 2019 reached 13.0 percent. This is according to latest figures released by the Ghana Statistical Service (GSS). The figure represents a growth of 1.5 percent compared to the previous month, November. By this, producers of goods and services…
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Ghana set for nuclear power generation by 2030
The Executive Director for Nuclear Power Ghana (NPG), Ing. Theo Nii Okai, says Ghana is on course to meet the generation of power from nuclear sources by 2030. His comment follows efforts to complete the first phase of the implementation plan by the end of 2020. The NPA boss made the remark in an interview…
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ADB receives GH¢127 million GAT support for recapitalization
The Agricultural Development Bank (ADB), has completed a private placement which is the issuance of shares to chosen investors, to attract some GH¢127 million into its operations to help it recapitalize. A notice sighted by Citi Business News on the deal said that the amount constitutes about eighteen percent of the newly issued share capital.…