Category: Business
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New DVLA Board tasked to put in systems to register and track earth moving equipment
The new governing board of the Driver and Vehicle Licensing Authority (DVLA) has been inaugurated with a call on them to implement measures that will ensure effective registration and tracking of all earth moving equipment operating in the country. The government, as part of efforts to curb illegal mining, popularly known as galamsey in Ghana,…
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Marshal all resources to improve road safety – Minister to NRSA board
The Minister for Transport, Kwaku Ofori Asiamah, has urged the newly constituted board of the National Road Safety Authority (NRSA) to assemble all the necessary resources needed to tackle the issue of road carnage in Ghana. Touting the country’s efforts in ensuring road safety, the Minister at the inauguration ceremony on Friday, September 10, 2021,…
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Impose 5 percentage points ceiling on lending rates – IEA to BoG
The Institute of Economic Affairs (IEA) has called on the Monetary Policy Committee of the Bank of Ghana to impose a ceiling of 5 percentage points on the spread of lending rates on banks. This follows the recent call by President Nana Akufo-Addo on the Bank of Ghana to address the problem of high lending…
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Standard Chartered Bank rewards winners for its ‘Bank More Score More’ campaign
Standard Chartered Bank Ghana Limited has announced the final winner of its ‘Bank More Win More’ campaign. Bank More Score More, a digital pan-bank league competition was launched to offer customers across 11 markets an opportunity to accumulate points leading to winning exciting prizes with the final winner Cash Reward. As a compelling initiative for…
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I felt sad about the huge number of unemployed youth at job fair – YEA Boss
Chief Executive Officer (CEO) of the Youth Employment Agency (YEA), Justin Kodua Frimpong, has admitted that the government has more to do in dealing with the rising levels of unemployment among the country’s youth. He says the thousands of youth who showed up at the YEA job fair is proof that the lack of employment…
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Aker Energy, GNPC will engage you at the ‘appropriate time’ – Energy Ministry to Lukoil
The Ministry of Energy has responded to the Russian energy company, Lukoil’s concerns about being sidelined in the Ghana National Petroleum Corporation’s (GNPC) planned acquisition of stakes in Aker Energy and AGM Petroleum Ghana. In a letter to the Energy Minister, Lukoil said it has not been aware of and engaged in discussions of its…
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LUKOIL raises questions over government’s plan to increase its shares in DWT/CTP
International Oil & Gas Company LUKOIL has expressed concerns over government’s recent attempts to acquire a major stake in the Deepwater Tano/Cape Three Points (DWT/CTP) bloc operated by Aker Energy Ghana Limited. According to LUKOIL, being one of the main partners in the DWT/CTP project, with a 38% Licence Interest and a 42.22% Participating Interest,…
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Ghana must become shareholder in oil extraction to boost earnings – Energy Consultant
Energy Consultant Dr Yussif Sulemana says Ghana must move from relying on returns from royalties to maximise its revenues from the extractive industry. His comment is a reaction to an analysis done by the Institute of Fiscal Studies (IFS) that showed that Ghana’s revenue from its oil was about a quarter of that of Nigeria…
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New petroleum hub will give economy a major boost – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has expressed confidence in the ability of the upcoming petroleum hub, saying it will drastically improve the fortunes of Ghana’s petroleum industry. Parliament last year passed the Petroleum Hub Development Corporation Bill, to facilitate the establishment of a petroleum and petrochemical hub in the country, which will be provided with…
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GUTA backs calls for reversal of 50% benchmark value reduction on crude palm oil
The Ghana Union of Traders Association (GUTA) has backed calls by the Oil Palm Development Association of Ghana and the Artisanal Palm Oil Millers and Outgrowers Association of Ghana for the scrapping of the 50% Benchmark Value Reduction Policy on crude palm oil and palm kernel oil. According to GUTA, even though the country cannot…