Category: Business
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FDA outlines measures to help local cosmetics manufacturers to register their products
The Food and Drugs Authority (FDA) has urged local manufacturers of cosmetics and household chemical substances to register with the Authority. The Authority has over the years had challenges with product registration due to financial challenges that start-ups face, and the inherent difficulties in meeting regulatory requirements prior to market authorization. As part of efforts…
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Pay us now and deal with court issues later – Customers of Blackshield to SEC
Some disgruntled customers of defunct Gold Coast Fund Management Limited, now Blackshield Capital, want government to find ways to pay them their locked up funds regardless of the outstanding legal issues. The calls come following the Securities and Exchange Commission’s recent announcement that no affected fund management firm customer will be excluded in government’s bailout…
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‘We’re dissatisfied; but we respect court ruling in NCA suit’ – MTN
Mobile telecommunications giant, MTN Ghana, has expressed disappointment in the High Court’s ruling on the suit it filed against the National Communications Authority (NCA). The company however did not clarify if it will seek a review or an appeal, except to say that, it will “explore all available options and next steps in this process”.…
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New Crystal Health Services’ capital injection shows investor confidence in healthcare sector – GIPC Boss
The Chief Executive of Ghana Investment Promotion Centre (GIPC), Yoofi Grant, has said that the over 5.7 million dollars capital injection secured by private healthcare provider, New Crystal Health Services (NCHS), goes to emphasize investors’ confidence in Ghana’s healthcare sector. He said the confidence follows on-going support and reforms by government to create a more…
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No one will be left out in bailout for clients of defunct fund managers – SEC clarifies
The Securities and Exchange Commission, SEC, has clarified that no customer will be excluded in government’s bailout package for persons whose funds have been locked-up in the 53 defunct fund management companies since November 2019. Earlier indications were that only customers of 22 defunct companies were going to benefit in the first phase due to…
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We’ve not exceeded our financing limit to the budget – BoG
The Bank of Ghana (BoG), has told the Public Accounts Committee (PAC) that it has significantly reduced its support to the budget in compliance with the directive that placed a cap on the bank’s financing. At the PAC sitting on Wednesday, September 2, First Deputy Governor of the BoG, Dr. Maxwell Opoku Afari, said they…
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COCOBOD institutes measures to reduce losses after 2014/2015 shortfall
The Ghana Cocoa Board, has said that following the significant revenue losses recorded in the 2014/2015 crop season, it has put measures in place to avoid such shortfalls. COCOBOD lost about GHS216 million in revenue during the period under review, a situation it said has greatly affected its fortunes. Speaking at the Public Accounts Committee…
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Coca-Cola Bottling Company-Ghana to lay off workers as COVID-19 hits hard
A number of employees of the Coca-Cola Bottling Company of Ghana Limited, will soon be discharged of their duties. This was announced in a statement signed by the Business Unit Managing Director WAC of the Company, Felix Gomis. According to the statement, this declaration of redundancy has come about due to challenges faced by the…
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Techgulf board appoints Franklin Asare as CEO to accelerate growth strategy in Africa
Franklin Asare, has been named as the CEO of TechGulf, a technology company based in San Francisco, CA and Accra, Ghana, with a mandate to provide stable and secure data storage hardware and services across Africa. In a statement released in San Francisco, CA on Tuesday 1st September, its Board said the appointment of Franklin…
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AngloGold Ashanti Iduapriem Mine to create sustainable income through aquaculture project
In a bid to create a sustainable future of shared value with all stakeholders, AngloGold Ashanti Iduapriem Mine has implemented, among other things, an Aquaculture project to address unemployment within its host communities. Mr. Stephen Adjei, Senior Manager, Sustainability at the Iduapriem Mine, briefed the Executive Director of Ghana’s Fisheries Commission, Mr. Michael Arthur Dadzie…