Category: Business
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Kumasi Court convicts fake Motor Insurance dealers
A Kumasi Circuit Court has convicted two insurance fraudsters for selling fake insurance stickers to unsuspecting members of the general public. The conviction was occasioned by series of investigations conducted by the Police after they were picked up some time early this year by a joint task force of the Police and the National Insurance…
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Spare parts dealers in talks with assembly plants to manufacture car parts
Co-chairman of the Abossey Okai Spare Parts Dealers Association, Clement Boateng says negotiations are underway between his association and some car assembly plants established in Ghana. In addition to Volkswagen, Sinotruk and Kantanka who have been operating assembly plants in Ghana, Nissan last month began the setting up of its plant in the country, as…
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COPEC predicts 5% increase in fuel prices
The Chamber of Petroleum Consumers (COPEC) is predicting an increase in prices of fuel in Ghana in the coming days. COPEC believes the increment is likely to be seen in the second pricing window in December 2020. The Chamber indicated that the slight depreciation of the cedi among other things is a reason for this…
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NPA boss, Hassan Tampuli heads to Parliament with landslide victory in Gushegu
The Chief Executive Officer of the National Petroleum Authority (NPA), Hassan Tampuli has annexed the Gushegu parliamentary seat in the Northern Region for the New Patriotic Party. Mr. Tampuli polled a total vote of 30,401 against 28,055 votes by Mohammed Yussif Malimali of the National Democratic Congress (NDC). Out of the 58,706 total valid vote…
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Amalgamated Mutual Fund PLC begins partial bailout payments to clients of collapsed FMCs
The Amalgamated Mutual Fund PLC (The AM Fund) has commenced cash payments under the partial bailout scheme to clients of the Fund Management Companies (FMCs) for which the Official Liquidator is yet to obtain Liquidation Orders from the courts. This follows the announcement by the Securities and Exchange Commission (SEC) on November 18, 2020, that…
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Emulate example of outgoing Stanbic Bank CEO – BoG Governor to financial leaders
The Governor of the Bank of Ghana, Ernest Addison has charged all leaders in the financial sector to emulate the example of the outgoing Chief Executive Officer of Stanbic Bank Ghana, Alhassan Andani to ensure that the Ghanaian financial sector thrives in the medium to long term. Mr. Andani is credited for transforming Stanbic Bank…
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Cocoa Barometer 2020 demands system change to end poverty within cocoa sector
A new report released by the Cocoa Barometer analysing trends within the cocoa sector has highlighted the need for government and industry stakeholders as well as farmers and civil society organisations, to outline policies to end deforestation and human rights abuses within the cocoa supply chain. According to the report dubbed, ‘Cocoa Barometer 2020’, after…
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Stakeholders commend WRS training programme
Stakeholders from the regulatory agencies and the private sector have commended the Ghana Warehouse Receipt System (WRS) project of the International Finance Corporation (IFC) for building their knowledge and capacity towards effective warehouse inspection. At the end of a two-day virtual training workshop, participants observed that the training had helped them understand technical, regulatory and…
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Insure your premises against eventualities – SIC urges businesses
SIC Insurance Company has reiterated the need for businesses to begin paying critical attention to insuring their buildings. Over the weekend, fire gutted the first floor of the GBC Liberty House Branch at Katamanto in Accra. Head of Corporate and Special Risk at SIC, Emmanuel Simpiney-Mensah, emphasized that the role of insurance in minimizing business…
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Abossey Okai spare parts dealers march for peace ahead of December 7 polls
Traders at the Abossey Okai spare parts enclave in Accra have reiterated the need for peaceful elections on December 7 to ensure the business environment remains stable. The traders made this known, during a peace walk organized by the Abossey Okai Spare Parts Dealers Association on Thursday, December 3rd, 2020. Marching through the streets of…