Category: Business
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Government optimistic DBG will support venture capital, private equity industry
Government is optimistic that the commencement of operations of the Development Bank Ghana will help support the venture capital and private equity industry to grow start-up businesses and small businesses. This comes on the back of the launch of the Ghana Venture Capital and Private Equity Association, which seeks to support investments into private businesses…
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West Hills Mall review of the week: Spotlight on Banana Home, Telefonika, and New York Sizzlers
It’s finally my turn to check out the West Hills Mall and all the great stuff they have in stock. The mall is indeed the happy place for family shopping because I saw so many products which cater to the needs of family members of all ages. My first stop was Banana home… and I…
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Banks, fintechs must educate customers on need to use e-cash – GhIPSS
The Chief Executive of the Ghana Interbank Payment and Settlement System (GhIPSS), a subsidiary of the Bank of Ghana, Mr. Archie Hesse, has called for increased education and active usage of available cashless payment solutions to help reduce the number of robbery attacks on persons carrying huge sums of cash. There has been an uptick…
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Stop withdrawing huge cash, use digital payments to reduce robbery attacks – GhIPSS
Mr. Archie Hesse, the Chief Executive of the Ghana Interbank Payment and Settlement System (GhIPSS), a subsidiary of the Bank of Ghana, is urging businesses and individuals to desist from withdrawing huge sums of money from the bank and rather liaise with their financial institutions or mobile money operators to raise their thresholds to allow…
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Bankers’ Association donates bulletproof vests and helmets to Police Service
The Ghana Association of Bankers has handed 1,000 units of bulletproof vests and 1000 units of ballistic helmets to the Ghana Police Service as part of efforts to ensure the protection of police personnel in the country. This move comes in the wake of several attacks on cash-in-transit operations and citizens within the country. The…
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Reversal of COVID related interventions by BoG could slowdown inflation – Economist
Economist with Databank Courage Martey says a gradual withdrawal of the COVID-19 related monetary interventions will help to limit the risk of additional pressure from the demand side of the economy and prevent inflation from becoming persistent. According to him, the raft of measures introduced to contain the impact of the COVID-19 on the Ghanaian…
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Guinness Ghana records great performance despite COVID-19 pandemic
Guinness Ghana Breweries Plc has recorded an impressive performance in the first half of 2021, despite the grim outlook of the beverages industry due to the COVID-19 pandemic. Speaking at the company’s Facts Behind the Figures event organized in conjunction with the Ghana Stock Exchange, Finance Director, Teye Mkushi noted, “We have seen our volume…
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Transport fares may go up but not from Monday – GPRTU clarifies
The Ghana Private Road Transport Union (GPRTU) has debunked claims that transportation fares will go up from Monday, October 25, 2021. Leadership of the transport union says it is still in talks with the government to scrap some taxes and levies placed on petroleum products. Speaking on Eyewitness News, General Secretary for GPRTU, Godfred Abulbira Adogma…
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November 1st presents earliest opportunity for removal of PSRL – NPA
The National Petroleum Authority (NPA) says the earliest opportunity for the removal of the Price Stabilisation and Recovery Levies (PRSL) in the price build-up of petrol, diesel and Liquefied Petroleum Gas (LPG) would be the 1st of November. The NPA on the 11th of October announced that President Akufo-Addo had approved the removal of the…
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Energy Ministry debunks NDC’s claims of 7% fuel price hike
The Energy Ministry is debunking claims that fuel prices have increased by 7 percent at the pumps. This comes on the back of comments by the National Democratic Congress on the recent price increases at a press briefing on Monday, October 18, 2021. Fuel prices went up over the weekend after similar increases in previous…