Category: Business
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Passage of Anti-Money Laundering Bill will boost investor confidence – e-Crime Bureau
The passage of the Anti Money Laundering Bill by Parliament will go a long way to boost investor confidence in the country’s financial system. This is according to the Head of Technical Operations at e-Crime Bureau, Eric Kwaku Mensah. The Bill which was on December 17, 2020, when assented to by the President will plug…
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-1.1% GDP growth is in line with Central Bank’s economic projection – Dr. Addison
The Governor of the Bank of Ghana, Dr. Ernest Addison has stated that the recent 3rd quarter contraction of the economy is in line with the Central Bank’s economic recovery projection. His comments come on the back of new data from the Ghana Statistical Service indicating that the Ghanaian economy has contracted for the second…
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Group celebrates Chibeze Ezekiel for winning the Goldman Environmental prize
Renewable Energy activist, Chibeze Ezekiel has said that he will not relent in his pursuit to ensure that government puts a decisive end to unsustainable practices and invest more, provide the necessary incentives and enabling environment towards upscaling renewables in attaining the objectives of Ghana’s Renewable Energy Master Plan. According to him, a fair green economy…
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We’ll crack the whip on state agencies not using GIFMIS platform – CAGD warns
The acting Controller and Accountant General has cautioned Ministries, Departments, Agencies and all local assemblies against the non-use of government’s financial management system, the Ghana Integrated Financial Management Information System (GIFMIS). The computerized system has been introduced by government to facilitate budget preparation and execution, accounting and financial reporting, cash and assets management as well…
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Effective credit system needed to support Ghana’s automotive industry – Japan Motors MD
The Managing Director of Japan Motors says a strong credit finance culture is needed to support Ghana’s young automotive industry. Salem Kalmoni, whose company is the sole partner to Nissan Africa’s assembly plant in Ghana, noted that as more companies set up assembly plants to manufacture and sell cars to the country’s growing middle class,…
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Business activities yet to pick up days after elections
Ahead of election years in Ghana, traders usually complain about a slowdown in economic activities. Several interactions with traders prove that business is normally slow due to the fear of possible election-related violence that might break out in town, or the attitude of customers having to save their money for Christmas. Large companies also take…
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Struggling industry forces Ghana’s economy to contract for 2nd straight quarter
Provisional figures released by the Ghana Statistical Service show that the Ghanaian economy has contracted for the second straight quarter, with the value of goods and services produced in the 3rd quarter of 2020 declining by 1.1 percent when compared to the value of goods produced in the same period in 2019. The contraction in…
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Bolt launches Bolt Food service in Accra
Bolt, the fastest-growing ride-hailing platform in Africa, has launched the much-anticipated Bolt Food as an extension of the service offered to customers in Accra. Bolt Food has introduced this to create an accessible platform for restaurants and vendors. Customers can now place orders for their meals from a variety of restaurants and eateries available on…
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Privatise TOR if you can’t manage it – Energy consultant to government
Energy Consultant, Dr Yussif Sulemana, says government ought to consider privatizing the Tema Oil Refinery (TOR) in order to keep the entity operational. But Dr. Sulemana says, for such an entity that can play a major role in ensuring the country is energy efficiency, all options must be considered to make it fully functional. He…
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Odawna Market fire: Traders lament delays in sharing of compensation
Some traders at the Odawna Market who are yet to receive their share of the compensation promised them by the government are asking for their money. The traders are victims of a fire outbreak that razed the market. President Akufo-Addo, as part of efforts to support them directed the Microfinance and Small Loans Centre (MASLOC),…