Category: Business
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SSNIT ordered to recover penalty charges from nine agent banks
The office of the Auditor General has ordered the Social Security and National Insurance Trust, (SSNIT), to recompute some GHS9.2 million which stand as total penalty charges from nine agent banks for the year ended 2019. In a report by the acting Auditor General, Johnson Akuamoah Asiedu, on the public accounts of Ghana for the…
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Golden Star Resources amends agreement for the Sale of Bogoso-Prestea Mines
Golden Star Resources and its wholly owned subsidiary, Caystar Holdings, have entered into an agreement (the Amending Agreement) with Future Global Resources Limited (FGR) and its major shareholder, Blue International Holdings Limited, to amend the share purchase agreement dated July 26, 2020 relating to the sale of Golden Star’s 90% interest in the Bogoso-Prestea Gold…
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Sunon Asogli set to deploy plant in Freetown to boost power supply
Giant power producer, Sunon Asogli Power Ghana Limited, is set to deploy in Freetown, Sierra Leone, a 20MWp-50MWp [megawatt power] Solar PV in one year and another 160MW to be known as Benkongor Hydro plant in four years. The expected total investment cost for the two projects is about US$700million. In a statement issued by…
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AIDEC International launches Digital Solutions and Excellence Center
Three months into the operationalization of the African Continental Free Trade Area (AfCFTA), CEO of AIDEC Holdings Ltd, Mr. Ambrose Yennah has emphasized the need for micro, small and medium enterprises, MSMEs to effectively leverage on digital technologies, to drive growth and success. According to him, the pandemic has introduced modern trends of doing business,…
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Opera Square: Electrical cable dealers halt trading after take-over of stalls
Sale of electrical cables at Opera Square in the Central Business District of Accra was interrupted on Monday following the forceful take-over of traders’ stalls and other property. Although the reason for the take-over is unknown, the stalls have been replaced with containers. In this regard, the over 200 irate traders vandalized the containers which…
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GUTA to meet AMA over forceful take-over of electrical stalls at Opera Square
The Ghana Union of Traders Associations (GUTA) intends to later today, meet with officials of the Accra Metropolitan Assembly (AMA) over Monday’s demolition exercise and take-over of stalls at the Opera Square in Accra. GUTA says the meeting is to unravel circumstances leading to the siting of some containers by an unknown private developer possibly…
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Ghana a safe, peaceful destination for investments – Akufo-Addo woos Spanish investors
Ghanaian President, Nana Addo Dankwa Akufo-Addo has urged Spanish business owners to turn their attention towards Ghana telling them that the West African country is a safe place to invest their money. “As most of you know, Ghana is a haven of peace, security and stability, indeed, the safest country in West Africa, where legitimate…
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‘Business opportunites from AfCFTA enormous’ – Akufo-Addo to Spanish goverment
The President of the Republic, Nana Addo Dankwa Akufo-Addo, says a very important plank of the new strategic partnership between Africa, Spain and Europe would be the strong support for the African Continental Free Trade Area (AfCFTA), which began trading on 1st January. Speaking at the “Focus Africa 2023” Conference held in Madrid, in Spain,…
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Fuel prices likely to remain unchanged in April – IES
Consumers should be able to heave a sigh of relief as the price of fuel at the various pumps for the first pricing window in April 2021 is expected to remain unchanged. This is according to the Institute of Energy Security (IES). IES in a press statement indicated that the 2.05% decrease in the price…
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We have zero casualties since commencing operations – Sunon Asogli
The safety department of Sunon Asogli Power Plant is admonishing businesses, especially in the power sector to work to improve safety at their workplaces. According to the company it hasn’t recorded any workplace-related causalities since its establishment, a fete it believes was accomplished by strict adherence to its safety protocols. In an interview with Citi…