Category: Business
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NIC to strictly enforce compulsory fire insurance for commercial properties
The National Insurance Commission (NIC), says it will soon hit the metropolitan and district business enclaves of the country to intensify its sensitization and enforcement drive on compulsory property insurance. This was disclosed by the Commissioner of Insurance, Mr. Justice Yaw Ofori in a recent statement. He indicated that though the Insurance Law, Act 724…
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Business operators in and around tertiary schools expectant of full reopening to boost sales
Persons who own businesses located on or around the premises of University campuses have their businesses hanging, since the closure of schools caused by the coronavirus pandemic. Three days after Ghana recorded its first two cases of COVID-19, President Akufo-Addo on March 15, 2020, directed the closure of schools at all levels to curb the…
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NDC will scrap new law banning importation of ‘accident cars’ – Mahama
Flagbearer of the opposition National Democratic Congress (NDC), John Dramani Mahama, has stated that a future NDC government will withdraw the law that bans the importation of salvage vehicles, also known as accident cars, as well as second hand cars of not more than years old into the country. Mr. Mahama said his next government…
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Nana Addo elected ECOWAS Chairman
President of Ghana, Nana Addo Dankwa Akufo-Addo, has been elected as the new Chairman of Economic Community of West African States (ECOWAS) at the ongoing 57th ECOWAS Summit being held in Niamey, capital of Niger. The Ghanaian President takes over from President of the Republic of Niger, President Mahamadou Issoufou. President Akufo-Addo is scheduled to…
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Investing public will not be swayed by opposition to Agyapa Royalties deal – Ken Ofori-Atta
The Finance Minister, Ken Ofori-Atta, has downplayed fears, that ongoing public criticism and opposition to the Agyapa Royalties Deal could scare aware potential investors. The agreement has for the past weeks sparked controversy among different groups in the country, with some Civil Society groups in the extractives sector describing the Special Purpose Vehicle that has…
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We’ve put in stringent measures to minimize fraud – Ghana Assoc. of Bankers
The President of the Ghana Association of Bankers, Alhassan Andani, has assured the general public of safety within the banking sector despite the increase in fraud cases. This follows new figures released by the Bank of Ghana earlier this year which show that cases of fraud in the banking sector increased to 2,295 in 2020,…
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Business picks up for dressmakers as Gov’t eases COVID-19 restrictions
The fashion designing industry is one of the lot that has been greatly affected by the coronavirus pandemic. The ban on social gatherings and other restrictions, as well as job losses and reduced incomes, meant that people spent more on essential needs like food and medicine, rather than on non-food items such as clothes. In…
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Gari processors at Akrofrom call for government support
The COVID-19 pandemic has undoubtedly taken a toll on all kinds of businesses whether big or small. In the Techiman North District of the Bono East Region for instance, some producers of Gari, a powdery food material flour made from cassava, have been counting their losses. The cassava producers, who are calling for government support,…
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AGI urges companies to prepare effectively and take advantage of AfCFTA
Small, Medium and Large Scale enterprises in the country have been cautioned against complacency four months away from the expected implementation of the Africa Continental Free Trade Agreement (AfCFTA). The operationalization of the AfCFTA is expected to address the challenges of small fragmented markets in Africa by creating a single market, and also increase the…
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Increase cash pay-out to fund management companies – GSIA urges Gov’t
The Ghana Securities Industry Association (GSIA) has appealed to government to increase the cash pay-out to existing fund management companies in the country to enable them honour their obligations to their customers. According to GSIA, this will ease the current tensions among stakeholders in the industry. The appeal comes days after the Securities and Exchange…