Author: Pius Amihere Eduku
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Print money to pay depositors of collapsed financial institutions – Kwame Pianim
Renowned Economist, Kwame Pianim, has suggested that the government considers approving the printing of money by the Bank of Ghana to settle claims of depositors who have been affected by the financial sector clean up. In his view, this should be necessary as the depositors are victims of circumstances as a result of weak supervision…
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NPP’s economic stability laudable – Kwame Pianim
Economist, Kwame Pianim has commended the NPP administration for stabilizing the economy within its first three years in office. According to him, the government has been able to implement policies that have transformed the economy from where it was about three years ago. Speaking in an interview with Citi News on a wide range economic…
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Ghana Standards Authority shuts down illegal insecticide company in Odorkor
The Ghana Standards Authority (GSA) has closed down an insecticides manufacturing company in Odorkor within the Okaikoi South Municipal Assembly of the Greater Accra region for operating without a license. The action follows complaints from residents who raised concerns over the health implications of the stench and the indiscriminate disposal of their waste. A team…
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DAS Pharma PLC starts trading on Ghana Stock Exchange
The Ghana Stock Exchange has officially welcomed the listing and trading of DAS Pharma Plc shares. The activity follows the completion of the merger of pharmaceutical companies Dannex, Ayrton and Starwin. The company is seeking to solidify its position in the pharmaceutical industry with its new focus on boosting its product offerings and expansion into…
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Dannex, Ayrton & Starwin to start trading on stock market after merger
Pharmaceutical company, Dannex, will on Wednesday, January 15, 2020, start trading on the Ghana Stock Exchange following its merger with two other companies; Ayrton and Starwin. It follows the approval for the deal by the managers of the local bourse. Wednesday’s ceremony will crown a series of principal activities that have spanned over the past…
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Ashanti region tops illegal connections in ECG’s X’mas swoop
The Strategic Business Unit of the Electricity Company of Ghana (ECG) Ashanti Region, recorded the highest number of illegal connections during the Christmas festivities. A report issued by the Revenue Protection Unit of the ECG disclosed that the exercise led to the loss of revenue, and that measures have been put in place to recover…
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T-bills, bonds dominate income sources of banks – BoG report
It is emerging that banks are still accruing a large percentage of their income from their investments in various securities. The latest banking sector report released by the Bank of Ghana disclosed that this component of income increased to 44.8 percent in October 2019 from 42.9 percent in October 2018. The Bank of Ghana’s industry…
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Review of mining policies to boost Ghana’s benefit from surge in gold prices – Economist
Economist, Dr. Adu Owusu Sarkodie has advocated possible amendments to Ghana’s production system in the mining industry if the country is to benefit fully from the resources in the sector. It follows the increase in global prices of gold which is to benefit producers of the commodity. As at the afternoon of Friday, January 10,…
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Domestic flights unaffected by harmattan condition
Domestic airline operators say flights have not been affected by the harsh Harmattan weather condition. The Ghana Civil Aviation Authority (GCAA) has already cautioned the general public and airline operators of a possible disruptions to air travel if the condition gets severe. But one of the domestic airline operators, Passion Air maintains its operations are…
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Banking reforms responsible for 17.1 percent rise in banks’ deposits – BoG report
It is emerging that Ghanaians are renewing their confidence in the banking sector following the clean up carried out by the Bank of Ghana over the past two years. This is evident in the deposits recorded by commercial banks for the period ending October 2019. According to the regulator, deposits, which is a major source…