Category: Business
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Piccadilly Biscuits outdoors actor Mikki Osei Berko as Brand Ambassador
Ghanaian food manufacturing company, Piccadilly Biscuits Limited, has announced the signing of ace Ghanaian actor and broadcaster, Mikki Osei Berko, as its new Brand Ambassador. The two-year contract is intended to accelerate and intensify the company’s marketing campaign to maintain its position as one of Ghana’s leading food manufacturing brands. Speaking to citibusinessnews, the Managing…
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Address political inferences in operations of TOR – Energy Consultant
Energy Consultant, Dr Yussif Sulemana has commended the government for its commitment to revamp, Tema Oil Refinery (TOR). The country’s only oil refinery has not been operational for a while now due to several challenges, including the inability of the entity to pay its workers. But the Energy Minister, Matthew Opoku Prempeh, in a recent…
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Ghana must explore deep waters to avoid exhausting oil reserves – Amoako Tuffour
The secretary to government’s Economic Management Team (EMT), Prof. Joe Amoako-Tuffour has stated that Ghana risks exhausting its oil reserves in the next ten years if it doesn’t move into deep waters to explore oil. His comments come on the back of a warning of an imminent collapse of the country’s petroleum industry by the…
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Ofori-Atta suggests adoption of COCOBOD model for buying and exporting gold
Finance Minister-designate Ken Ofori-Atta is proposing a shift from the liberalized system that currently characterizes the buying and export of gold in the country, to the use of the COCOBOD model, which will see one body buying and exporting gold from Ghana. Day two of the highly anticipated vetting of Finance Minister-designate Ken Ofori-Atta which…
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Revive quarterly meetings with Finance Ministry – Akufo-Addo to PIAC
President Akufo- Addo has charged the Ministry of Finance and the Public Interest and Accountability Committee, PIAC, to revive their quarterly meetings which have been on hold for some time now and dialogue for better management of the nation’s petroleum resources and revenues. According to him, the proceeds, if not well handled, will turn out…
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ICT will be critical in Ghana Enterprise Agency’s operations – Kosi Yankey-Ayeh
The Executive Director of the Ghana Enterprises Agency, Kosi Yankey-Ayeh has hinted that the activities of the new entity will rely significantly on Information Technology. The Ghana Enterprises Agency Bill which was passed recently, converted the National Board for Scale for Small Industries (NBSSI) into an agency to oversee, coordinate, promote and develop Micro, Small…
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Review cost of data in Ghana – AGI to government
The Association of Ghana Industries, AGI, says for small and medium enterprises (SMEs) in the country to stay competitive amid the COVID-19 pandemic, the cost of data must be given a critical look. Although a recent survey by a British technology research firm, Cable, has shown that data cost in Ghana is ranked the sixth…
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Vetting of Ken Ofori-Atta enters day two today
A little over two weeks after he was originally scheduled to be vetted, Finance Minister-designate, Mr. Ken Ofori-Atta finally took his turn before the Appointments Committee of Parliament on Thursday, March 25, 2021. Mr. Ofori-Atta, whose vetting will continue today is the only nominee left on the list of ministers that President Akufo-Addo presented to…
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UBA America to facilitate investment, development capital, trade between North America & Africa
UBA America, the United States’ subsidiary of Pan African financial institution, United Bank for Africa (UBA) Plc, has pledged its continuous commitment to facilitate trade and investment between North America and the African continent. Speaking on Thursday from the Bank’s office in New York, the Chief Executive Officer, UBA America, Ms. Sola Yomi-Ajayi, disclosed that…
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Bank of Africa MD demands review of 5% financial sector clean-up levy
Managing Director for the Bank of Africa, Kofi Andah has asked for a review of the newly introduced financial sector clean-up levy of 5 percent. The levy was proposed in the recently read budget. According to the government, it is meant to help defray outstanding commitments in the sector following the clean-up which cost the…