Category: Business
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Close season: Forestry Commission announces ban on hunting of wild animals
The Forestry Commission has announced a ban on hunting or capturing of wild animals effective Sunday, August 1, 2021. The ban is to be in force until Wednesday, December 1, 2021. The ban, which is declared annually and known as the “Close Season” is in accordance with the Wildlife Conservation Regulation 197, LI 685. The…
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Mid-year budget review: Hotels association calls for measures to reduce cost of living
Ahead of the mid-year budget review, the Ghana Hotels Association is calling on the government to introduce policies that will reduce the cost of living in Ghana. According to the association, this would increase the disposable income of the public, which will help increase patronage of tourism and hospitality facilities across the country. President of…
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Government must review fertilizer subsidy programme – Chamber of Agribusiness
The Chamber of Agribusiness, Ghana, is asking government to take a second look at its fertilizer subsidy programme as it is not serving its intended purpose. This comes after suppliers of fertilizer for the Planting for Food and Jobs programme halted distribution of the product in April 2021 due to debt owed them by the…
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APTIVAA Consulting Trains BoG Staff
Aptivaa Consulting Solutions, a banking risk management and consulting firm has rolled out a training program for all staff of the Bank of Ghana (BoG) in ways to make them fully aware of their responsibilities on IFRS9, ICAAP and liquidity management. This was to help the staff and management of BoG to navigate, work extremely…
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25% of insurance claims in Ghana are fraudulent – NIC Boss
About 25% of all insurance claims made in the country are fraudulent, according to the Commissioner of Insurance, Dr. Justice Ofori. According to the 2019 Annual Report of the National Insurance Commission (NIC) average daily claims incurred by Non-Life Insurers in Ghana was GHS 1.4 million. Insurance fraud may fall into different categories, from individuals…
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Rice farmers in Upper East in dire need of fertilizer
Rice farmers at Fumbisi and Tono in the Builsa South District and Kassena-Nankana Municipality of the Upper East Region are in dire need of government’s subsidized fertilizers under the Planting for Food and Jobs (PFJ) programme to boost yield. Some of the farmers who had increased their production in this year’s farming season in anticipation…
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Address poultry feed challenges now – Eric Opoku to government
The Ranking Member on the Food, Agriculture and Cocoa Affairs Committee in Parliament, Eric Opoku, wants government to immediately address challenges poultry farmers are currently facing with regard to access to feed for their chicken. The Greater Accra Poultry Farmers Association (GAFA) earlier this week said Ghana’s poultry industry risks collapse if the government fails…
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Ghana.Gov platform to help increase revenue by GHS3 billion – Bawumia
Vice President Dr. Mahamudu Bawumia has indicated that the launch of the comprehensive digital service and revenue collection platform, created to provide a single point of access to Government of Ghana services for the public, will increase government revenue by an estimated GHS3 billion. The Ghana.gov platform is in line with the government’s vision of…
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Registrar-General begins validating companies after notice to file returns
The Registrar-General’s Department (RGD), has commenced the validation of companies in line with the directive for dormant companies to file their returns. Companies that fail to file returns face being delisted from the Companies Register. The three-month-long review began on July 1, 2021, and will end on September 30, 2021. “The review has become necessary…
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Inflation rises for first time since February 2021; now at 7.8%
Ghana’s national year-on-year inflation rate has once again taken an upward turn, albeit marginally, after two months of consecutive drops, to hit 7.8 percent in June 2021. This increase is 0.3 percentage points higher than the 7.5 percent recorded in May this year. Inflation is often referred to as a “measure of the increase in…