Category: Business
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We need a people-centered and sustainable recovery post COVID – BoG Governor
The Governor of the Bank of Ghana, who chairs the Board of Governors of the IMF and the World Bank, Dr. Ernest Addison, has urged colleague Governors globally to ensure the speedy formulation and implementation of policies to protect the gains made prior to the Coronavirus crisis. In a virtual address to Governors at the…
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IES co-founder to represent West Africa at Germany’s Policy on Hyrogen 2021
Co-founder and Director of Administration and Research at the Institute of Energy Securtiy (IES), Mr. Edmond Kombat, has been selected to participate in the ‘Energy Transition – Germany’s Policy on Hydrogen.’ The IES co-founder is expected to represent the Institute as one of the selected organisations among three organisations from Africa in Berlin during Quarter…
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Make tax compliance less burdensome for MSMEs – PEF to Gov’t
The Private Enterprise Federation (PEF), has asked government to adopt a tiered tax system to reduce the tax burden on businesses, especially Micro, Small and medium sized enterprises in the country. According to PEF, this will help government generate adequate revenue, encourage voluntary tax compliance and reduce the cost of tax administration in the country.…
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PZ Cussons completes delisting from Ghana Stock Exchange
Almost a year after PZ Cussons Ghana Limited announced its intention to de-list from the Ghana Stock Exchange subject to Shareholder approval, and approval from relevant industry regulators, it has finally completed the process and will no longer be a part of the local bourse effective 19th October 2020. At the time PZ Cussons announced…
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Ghana targets over $1.5bn in export tax from Petroleum Hub Development Corporation
Parliament has begun processes for the passage of the Petroleum Hub Development Corporation Bill, 2020. The Bill seeks to establish the Petroleum Hub Development Corporation to promote and develop a petroleum and petrochemicals hub in Ghana’s Western Region. Chairman of the Mines and Energy Committee of Parliament, Emmanuel Akwasi Gyamfi, who spoke on the floor…
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Farmers applaud decision to cede Cocobod’s control to Agric Ministry
The Concerned Farmers Association of Ghana has welcomed government’s decision to allow the Ministry of Food and Agriculture to have oversight responsibility over the activities of COCOBOD. Speaking to Citi Business News, President of the Concerned Farmers Association, Nana Oboadie Obampour Boateng Bonsu the II, said the move is in the right direction. “Even during…
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GCAA workers end partial strike after meeting with stakeholders
Workers of the Ghana Civil Aviation Authority (GCAA), have called off a one-day strike to make room for more deliberations over alleged encroachment of lands earmarked for the Authority’s operations. The workers began the strike on Wednesday, October 14, 2020, to speak against the continuous encroachment of lands reserved for operations of the GCAA, a…
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Gov’t launches $2 billion guarantee scheme to facilitate lending to SMEs
The First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari, has challenged small and medium scale enterprises (SMEs) across the country, to access the various financial support programs government has been rolling out in the aftermath of the coronavirus pandemic. He says this will ensure that the companies build their capacity to locally…
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Soil quality of farmlands to be improved with launch of ReDIAL Project
Soil quality on Ghana’s farmlands is expected to witness a boost following the launch of the Research for Development and Innovation Agricultural and Learning (ReDIAL) Project. The project is being supported by the European Union (EU), with an amount of 2.12 million Euros for implementation. The four-year project, piloted in five farming municipalities in the…
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Bank of Ghana presented with Central Bank of the Year Award
The Bank of Ghana has been presented with the prestigious Central Bank of the Year Award by the Central Banking Awards Committee. The award follows the bank’s successful implementation of monetary policy and impressive achievement in reforming the banking sector in Ghana. A statement issued by the Central Bank stated that, “the usual awards dinner…