Category: Business
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Absa Bank Ghana launches new banking proposition for women entrepreneurs
As part of efforts to improve access to financing for women entrepreneurs in the country, Absa Bank Ghana has unveiled its new banking proposition which offers tailored financial solutions to empower women to sustainably grow their businesses. According to the bank, the new product, ‘Absa EMERGE’, will help bridge the financial gap which is currently…
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Rural banks deposits increase by 22% to reach GHS4.3bn
Latest figures from the Central Bank covering the second quarter of 2020, shows an improvement in the value of deposits mobilized by rural and community banks (RCBs) between April and June of 2020, when compared to the same period in 2019. According to the data, deposit mobilization by rural and community banks, RCBs, saw a…
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Parliament approves Petroleum Hub Development Corporation Bill, 2020
Parliament has passed the Petroleum Hub Development Corporation Bill, 2020. The Bill, once assented to by the President, will establish the Petroleum Hub Development Corporation to promote and develop a petroleum and petrochemicals hub in Ghana’s Western Region. The project will involve the development of infrastructure such as refineries, port terminal facilities, storage facilities, as…
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Dannex Ayrton Starwin PLC partners mPharma to produce quality medicines locally
Dannex Ayrton Starwin PLC also known as DAS PLC, has signed a Memorandum of Understanding with mPharma Pharmaceutical Ltd. to increase access to quality and low-cost medicines for Ghanaians. Under the MOU, the two companies will explore a potential business collaboration focused on contract manufacturing of branded molecules by DAS PLC for mPharma, manufacturing cooperation…
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We’ll uphold high standards to have only the best firms listed – GSE
The Ghana Stock Exchange, GSE, says it is committed to upholding the highest of standards to ensure that only the best performing companies stay on the local bourse. This follows the compulsory and in some cases voluntary delisting of about 8 companies from the Ghana Stock Exchange since 2017. While companies like Mechanical Lloyd and…
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Ghana Link and Customs Division of GRA retrain stakeholders on ICUMS
The Ghana Link Network Services Ltd. in collaboration with Customs – Division of the Ghana Revenue Authority, GRA, have begun another round of refresher training for users of the Integrated Customs Management System (ICUMS). The training, which is currently ongoing in the Northern part of Ghana, is expected to cover Northern, Savanah, and Upper East…
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Producer Price Inflation increases marginally for September
The Producer Price Inflation (PPI) for September 2020, saw an increase compared to the same period last month. The PPI increased by 0.6 percentage points, recording 9.6 percent, compared to the 9.0 percent it recorded same time in August. This means the year-on-year PPI, thus between September 2019 and September2020, increased by 9.6 percent. The…
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AfCFTA Secretariat to launch new digital payment platform to facilitate trade
The Africa Continental Free Trade Area (AfCFTA), is set to launch a payment and settlement digital platform with the aim of enhancing market access within the region. The Secretary-General of the AfCFTA, Wamkele Mene, who made this known at the 2nd National Conference on the AfCFTA in Accra on Tuesday, said the payment and settlement…
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GITC advocates for anti-dumping duty on imported aluminium products
The Ghana International Trade Commission (GITC) has intensified its efforts in curbing all unfair arrangements working against local trade industries involved in the importation of goods. Aluworks Ghana Limited, which is the sole manufacturer of aluminum products in Ghana, is almost collapsing due to unfair practices such as the sale of imported aluminum coils and…
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NPA invites aggrieved tanker drivers for meeting over their concerns
The National Petroleum Authority (NPA) has invited the National Petroleum Tanker Drivers Union for a meeting to deliberate on concerns raised by the Union. Fuel tanker drivers held a press conference on Monday, October 19, 2020, to complain about some issues affecting them and demanded government’s intervention. They among other things complained about police harassment…