Category: Business
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Ensure Ghanaians get maximum benefit from mineral resources – Otumfuo to MIIF
The Asantehene, Otumfuo Osei Tutu II, has implored managers of the Minerals Income Investment Fund (MIIF) to bring their expertise to bear in their work for effective management of Ghana’s mineral resources. They should ensure careful planning and good investments while demonstrating ingenuity and transparency to protect the country’s interest in the discharge of their…
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Republic Bank introduces two new flexible mortgage repayment plans onto Ghanaian market
Republic Bank (Ghana) PLC has introduced onto the market two new and additional mortgage repayment plans that are targeted at giving home owners more flexible forms of repayment and saving on interest paid at the end of the loan term. This is the first of its kind in Ghana and provides customers the ability to…
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STC lost over GH¢40M due to COVID-19 restrictions – Nana Akomea
The Managing Director of the State Transport Company (STC), Nana Akomea, says the imposition of COVID-19 restrictions has resulted in the loss of about GH¢48 million so far to the company. According to him, the company’s operations in neighbouring countries like the Ivory Coast, Burkina Faso, Togo and Benin, which proved to be very profitable,…
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Bus-hailing app, Treepz officially begins operations in Ghana
In Ghana, many factors are increasing pressure in the transport sector to better transport infrastructure especially, in the use of public transport buses, commonly called ‘trotro’. To speed up the pace of this evolution and push the government’s digitization agenda in the transport sector, bus-hailing platform, Treepz, which provides hassle-free shared rides on-demand, has officially…
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We’re settling our clients via payment schedule – Legacy Fund Management
Legacy Fund Management Limited has assured its customers affected by the clean-up of the sector that they will receive their monies in full. The company urged them not to panic, as it is going through all the processes to ensure that they receive their monies. This follows calls some customers made to government to expedite…
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COPEC reiterates calls for review of petroleum taxes to reduce fuel prices
The Chamber of Petroleum Consumers (COPEC) has reiterated calls for the government to remove the Price Stabilisation and Recovery Levy to avert the consistent increase in prices of petroleum products. Prices of fuel, particularly petrol, have increased from $694/MT as of 13th September 2021 to above $720/MT as of 16th September 2021 representing a 3.7%…
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New directors of GOIL promise to improve the company’s profitability
Newly appointed directors of GOIL Company Limited have promised to prioritize the improvement of the company’s share value along with profitability during their tenure. Shareholders of GOIL at an Extraordinary General Meeting voted for and ratified the appointment of four individuals as new directors. The four include Mr. Reginald Daniel Laryea, Mr. John Boadu, Madam…
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Telcos Chamber cautions against taxing mobile money in Ghana
The Ghana Chamber of Telecommunications has urged government not to consider the possibility of taxing mobile money in the short to medium term. This follows ongoing concerns amongst mobile money agents and other stakeholders of a likely introduction of some taxes on mobile money transactions. Data from the Bank of Ghana over the years shows…
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Agrihouse Foundation launches 11th edition of the Annual Pre-harvest Agribusiness Exhibitions and Conference
Agrihouse Foundation in partnership with the Ministry of Food and Agriculture and the Northern Regional Coordinating Council has launched the 11th edition of the Annual Pre-harvest Agribusiness Exhibitions and Conference event. The annual Pre-harvest Agribusiness Exhibition and Conference is an event designed to train and establish stakeholder linkages, exhibit and expand agribusiness opportunities across the…
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Menzgold customers seek Parliament’s intervention to retrieve locked up funds
Customers of the defunct gold dealership firm, Menzgold Company Limited, are calling on Parliament to investigate the closure of the company three years after its collapse. They also want a probe into circumstances leading to the supposed disappearance of some 400 kilograms of gold bars during the Economic and Organized Crime Office’s (EOCO) closure of…