Category: Business
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Ghana set to meet renewable energy target by 2030 – Bui Power CEO
The Chief Executive Officer of the Bui Power Authority, Fred Oware says Ghana is on course to attain its new goal of a 10 percent renewable energy in the country’s energy mix by 2030. Speaking to Citi Business News, Mr Oware indicated that with the rate of power being generated at the Bui Power Solar…
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AfCFTA: We’ll protect you against possible unfair trade practices – Alan assures investors
Minister of Trade and Industry, Alan Kyerematen has assured investors looking to use Ghana as a manufacturing hub for the rest of Africa, ahead of next year’s commencement of the African Continental Free Trade Area (AfCFTA), that government will take the needed steps to protect them from the dumping of inferior goods unto the Ghanaian…
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Enforce safety standards to prevent gas explosions – COPEC to government
The Chamber of Petroleum Consumers-Ghana (COPEC) wants government and sector authorities to ensure that safety standards are adhered to at various fuel stations across the country. This is on the back of an explosion which occurred last week at a gas station in the Volta Region. Speaking to Citi Business News, Executive Secretary of COPEC,…
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Blackshield customers, others to start receiving government’s partial payment from today
The Securities and Exchange Commission (SEC) says customers of the affected fund management companies yet to receive bailout will from today, November 20, 2020, be able to access a partial package of up to GHS50,000 authorized by government. According to the Commission, the amount covers 89 percent of affected customers and 82 percent of pensioners.…
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Customers of defunct fund management firms welcome partial payment plan
The Coalition of Aggrieved Customers of the 50 Collapsed Fund Management Companies has welcomed the government’s directive to the Securities and Exchange Commission, for a partial bailout to be provided to affected customers of companies that are not under official liquidation. In a press statement released on Wednesday, the SEC stated that government had authorized…
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Blackshied customers, others to receive partial payment of up to GHS50,000 – SEC
Government has authorised a partial payment of up to GHS50,000 to all customers of the remaining defunct Fund Management Companies whose monies were locked up. This follows an earlier directive by government to pay customers whose claims were validated. A statement issued by the Securities and Exchange Commission (SEC) on Wednesday, November 18, 2020, said…
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IES predicts marginal decrease in cost of fuel for first pricing window in November
Consumers of petroleum products should be paying lower prices for fuel they purchase at the various pumps, for the next two weeks in November 2020. This is according to energy think tank, Institute of Energy Security (IES). IES, in a statement, attributed its prediction to the decrease in prices of International Benchmark- Brent Crude, the…
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Stakeholders in banking sector hopeful of more digital means of providing services
In a world where technology seems to be permeating every facet of life, stakeholders in the banking industry are hopeful of a complete digital transformation in all transactions. The COVID-19 pandemic, which unexpectedly hit every sector in the world forced individuals and companies to come up with innovative ways to survive. Most people ended up…
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Economists expect Ghana’s policy rate to be maintained
Ahead of the commencement of the 97th Regular Meetings of the Monetary Policy Committee of the Bank of Ghana, some economists have told Citi Business News that they expect the Central Bank to maintain the rate for a fourth consecutive time. They attribute their expectations on the high fiscal deficit of the country. The 97th…
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COCOBOD denies allegations of corruption, money laundering in Agri-Plus deal
The Ghana Cocoa Board (COCOBOD) has rejected accusations that its contract with Agri-Plus Horizon Farm Limited for the supply of insecticide was riddled in nepotism, corruption and money laundering. Documents reportedly released by the Financial Intelligence Centre (FIC) and purportedly sent to the Special Prosecutor claimed that COCOBOD awarded the contract to the company by…