Category: Business
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We’ve listed 70% of structures nationwide ahead of 2021 census – GSS
The Ghana Statistical Service (GSS) has said that it has been able to list 70% of the estimated 11 million structures in the country in the past six days. According to Government Statistician, Prof. Samuel Kobina Annim this is part of the first phase of the 2021 Population and Housing Census. “The exercise is in…
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Fuel prices likely to go up soon – COPEC predicts
The Chamber of Petroleum Consumers (COPEC), is predicting another increase in petroleum prices at the various pumps in the coming days. COPEC wants the government to take swift actions to avert the increase. A recent hike already moved the price of petrol at some pumps from GHC 6.05 to GHC 6.23 per litter, leading to…
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Citi Business Festival enters week four; focuses on trade, export and AfCFTA
The Citi Business Festival continues this week with conversations on Trade, Export and the African Continental Free Trade Area (AfCFTA). The AfCFTA presents a massive opportunity for Ghanaian businesses to take advantage of the huge African market. However, taking advantage of the opportunity is not straightforward. Ghanaian businesses need to become more competitive in different…
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Ghana has raised $780M in investment inflows from $3BN target for 2021 – Yofi Grant
“Ghana has so far raised $780 million in investment inflows out of its target of $3 billion for the year 2021,” the Chief Executive Officer of the Ghana Investment Promotion Center (GIPC), Yofi Grant, has said. Speaking at a press briefing in Accra on Sunday, June 20, 2021, Mr. Grant noted that the country’s Foreign…
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BoG abolishes bank charges on savings account and other ‘unfair’ fees
The Bank of Ghana has directed banks and Specialized Deposit-Taking institutions to desist from charging some fees and charges, as well engaging in some practices it describes as unfair to the banking populace. The fees and charges, and practices identified by the central bank as unfair include, Credit Insurance Premium Overcharges, Maintenance Fees on Savings…
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Stakeholders advocate for strong corporate governance, others for DBG to succeed
The institution of strong corporate governance structures has been highlighted as one of the many critical things that need to be in place to ensure the success and longevity of the yet to be launched Development Bank Ghana (DBG). The remarks were shared as part of a virtual forum organized by Impact Investing Ghana in…
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Bank of Ghana launches domestic gold purchasing programme to boost reserves
In its quest to shore up its reserves, the Bank of Ghana will in the coming days start purchasing gold from the local markets. This is according to the Governor of the Bank of Ghana, Dr. Ernest Addison. Speaking at an event to launch the Bank of Ghana’s Domestic Gold Purchase Programme, Dr. Addison explained…
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AGI beefs up efforts in promoting investment, export through GESP
The Association of Ghana Industries (AGI) has intensified efforts to attract investment for the country through the Ghana Employment and Social Protection Program (GESP). The program, which commenced in 2018 with a total commitment of 31.6 million pounds from the European Union, is aimed at strengthening social protection and employment systems in the country. Speaking…
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Citi TV, IIGh to hold forum on need for Ghana’s Development Bank today
Impact Investing Ghana (IIGh) in partnership with Citi TV will today, Thursday, June 17, 2021, hold the first-ever public Dialogue Series on Financing for Development. The forum, dubbed “What is the Role of the Development Bank in Ghana’s Economic Transformation?” will also seek to address some niggling questions on the minds of Ghanaians such as;…
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Incoming TOR MD must be given clear KPIs to ensure success – COPEC
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah has charged the Ministry of Energy to outline Key Performance Indicators for the next Managing Director to be appointed to steer the affairs of the struggling Tema Oil Refinery (TOR). The Minister Dr. Mathew Opoku Prempeh on Tuesday, June 15, 2021, inaugurated a…