Category: Business
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Aggrieved customers of Gold Coast Fund Mgt threaten to picket at Finance Ministry
Leaders of the aggrieved customers of the defunct Gold Coast Fund Management Company have given government up to July 24 to accelerate efforts to pay their locked –up funds or commence a 36-hour picketing at the Finance Ministry. This is coming after the aggrieved group made a call for an investigation into the Economic and…
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17 defunct public enterprises to be disposed of; some to be listed on stock exchange
The Ministry of Public Enterprises says it is planning of disposing of 17 defunct state-owned enterprises. Some of these entities including the State Construction Company, Bonsa Tyre Factory, and Bolgatanga Meat Factory, among others. According to the Ministry, a review of the companies revealed that the enterprises are liabilities to the country because they have…
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Trade Minister satisfied with works at Sentuo Oil Refinery
The Minister of Trade and Industry, KT Hammond has paid a working visit to the Sentuo Oil Refinery Ltd. (SORL), touting the project as a good prospect to see to an end Ghana’s refinery problems. The project which is in accordance with government’s “One District One Factory” (1D1F) development policy, will produce/refine 5 Million tons…
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Over 420 suspected loan app operators arrested
Over 420 suspects engaged in loan app operations have been arrested. The Cyber Security Authority, in partnership with the Bank of Ghana and the Economic and Organized Crime Office (EOCO), launched a swoop as part of a combined Cyber security committee operation, which resulted in the arrest of the suspects. The joint operation involved a…
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Picketing by Individual Bondholders Forum suspended
Members of the Coalition of Individual Bondholders Groups have suspended their planned picketing at the premises of the Finance Ministry, to demand payments of their outstanding principals and coupons. This comes after government’s payment of all outstanding matured coupons and principals owed the group. The group, made up of the Ghana Individual Bondholders Forum and…
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Govt honours obligations; pays matured coupons of individual bondholders
The Government has confirmed the settlement of all outstanding arrears owed to members of the Individual Bondholders’ Forum. A statement issued by the Finance Ministry on Monday explained that all coupons and principals due up to June 19 have been paid, and instructions for the payment of coupons up until July 10, 2023, have been…
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Challenges that warranted unplanned gas cut resolved – Ghana Gas
The Ghana National Gas Limited Company says issues that warranted an unplanned reduction in natural gas supply to the power generation companies have been resolved. There was widespread power outage in several parts of the country on Friday, July 7. The Ghana Grid Company Ltd (GRIDCO) blamed the outage on a shortage of gas supply…
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Bank of Ghana to auction US$120 million to BDCs in 2023 third quarter
The Bank of Ghana will in the third quarter of 2023 sell $120 million to Bulk Oil Distribution Companies (BDCs) under the FX Forward Auction Calendar for the same period. the calendar, $40 million each would be auctioned in July, August and September. Further breakdown suggests that $20 million each will be sold on July…
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Make floral business more appealing to youth – Stratcomm Africa
Stakeholders within the agriculture, horticulture and floriculture value chain are being encouraged to make the business of planting more appealing as employment avenues to the teeming youth. This, according to the Ghana Garden and Flower Movement – an initiative by Strategic Communications Africa will partly help address the high instances of unemployment amongst the youth…
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Businesses urged to unlock potential with Data & AI technologies
Running a business is no longer tedious with the advent of digital tools and Artificial Intelligence (AI). These emerging technologies are enabling entrepreneurs and new business ventures to gain a competitive advantage. That’s why players in the space want companies to use these platforms to increase productivity and customer satisfaction. At a Data and AI…