Category: Business
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Republic Bank launches the ‘Blue Portal’ campaign: Step Into Success
Republic Bank (Ghana) PLC, a subsidiary of Republic Financial Holdings Limited has launched the ‘Blue Portal’ Campaign: Step into Success to help individuals and businesses secure endless financial growth from the Bank’s range of fantastic products and new platforms. The campaign presents Republic Bank’s refreshed brand and provides a new conduit for Individuals, SME’s, Corporate…
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Chamber of Fertilizer-Ghana calls for probe into alleged fake products in Northern Region
The Chamber of Fertilizer-Ghana has stressed the need for standards of fertilizer production and distribution to be raised and monitored carefully. The chamber made the call following claims by farmers in the Nanumba North Municipality in the Northern region that the authorities sold them bad fertilizer which is negatively impacting their crops. According to the…
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Private sector lending will be increased when DGB begins operations – GAB
The Ghana Association of Bankers is confident banks in the country will lend more to the private sector once the Development Bank Ghana begins operations. The failure of commercial banks to lend to the private sector has remained a problem in the industry for many years. According to the Central Bank, while credit to the…
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Consider entrepreneurship, public sector payroll full – Ofori-Atta to youth
The Finance Minister Ken Ofori-Atta says government is not looking at employing more public sector workers, as enough resources are already being spent on the over 600,000 persons on government’s payroll. According to the 2021 budget statement, compensation of employees alone as a line item would amount to about GHC 30.3 billion or about 54…
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Use 2022 budget to reset fiscal policy to create credible path towards sustainability. – BoG to Government
Governor of the Bank of Ghana, Dr. Ernest Addison, is urging government to use the 2022 budget to reset fiscal policy and create a more credible path towards medium term fiscal sustainability. According to him, this is crucial to accelerate financial stability for the country. Speaking at the 10th edition of the Ghana Economic Forum…
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CalBank green energy tower addresses global warming and improves operational efficiency
CEO of CalBank, Philip Owiredu says his outfit’s newly built green environmentally friendly tower is not only a big step towards dealing with global warming and its attendant problems but also the way to go in improving operational efficiency. “In designing and building our head office, we invested heavily from our own resources in the…
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Scrapping of PSRL stalls as fuel prices rise to GH¢6.80 per litre
The much-anticipated removal of the Price Stabilization and Recovering levy of 16 pesewas in the price build-up of fuel at the pumps is yet to take effect even as the second pricing window commences. This is because Parliament is yet to give the National Petroleum Authority (NPA) the approval needed to scrap the levy. While…
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GSA to start electro-vigilance to deal with traders selling substandard electrical products
The Ghana Standards Authority has announced plans to apprehend and severely sanction all Traders found selling substandard electrical products on the market. To this end, the authority will from next week be conducting swoops across the various markets in the country to arrest all persons found culpable. The vexed issue of substandard electrical products on…
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GIPC, Dubai South sign MoU to accelerate economic ties and bilateral trade
Ghana Investment Promotion Center (GIPC), the foremost investment attraction and promotion agency under the presidential office of Ghana, has signed a Memorandum of Understanding, MoU, with Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate to promote all-round economic cooperation, bilateral trade and investment. The agreement, which was signed at…
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Cold store operators appeal for electricity subsidies
The members of the Cold Store and Corn Millers Association are calling on the government to subsidize electricity tariffs to save their businesses from collapsing. Speaking to Citi News, General Secretary of the Association, Moses Dei said, “the new pre-paid meter “runs like Usain Bolt and this is taking a toll on our business”. He…