Category: Business
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FGBMFI urges businesses to maintain corporate values
Businesses are being encouraged to eschew practices and standards that raise questions of integrity of the corporate space. This, according to the Corporate Business Development Directorate of the Full Gospel Business Men Fellowship International will enhance consumer trust and offer some economic relief to the general public as the country is recovering from the economic…
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Chamber of IPPs orders members to suspend power supply from July 1
There is an impending power crisis as the Chamber of Independent Power Producers (IPPs) has directed its members to cut supply to the national grid from July 1. The directive to nominate nothing and not declare an availability of power to the system operator is to last till July 8. Members of the Chamber include…
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Forex licences of Fidelity Bank, First National Bank temporarily suspended
The forex licenses of Fidelity Bank Ghana Limited and First National Bank Ghana Limited have been suspended temporarily. This is because, the two financial institutions have breached some sections of the Ghana Interbank Forex Market Conduct rules, according to the Bank of Ghana (BoG). The Central Bank which meted out the sanction has also fined…
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Govt yet to engage IPPs over debts as power crisis looms
With just a day to the expiration of the deadline given by the Independent Power Producers to shut down over outstanding arrears, the group is yet to meet government for a favorable response. The two parties were expected to meet this week for an agreement on demands for a 30 percent interim payment of the…
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Pensioner Bondholders suspend picketing at Finance Ministry
The Pensioner Bondholders Forum has suspended its planned picketing at the Finance Ministry to protest the non-payment of outstanding coupons. This follows the resumption of payments of the coupons by government on June 27. On June 22, the pensioner Bondholders began a third round of picketing at the Finance Ministry to demand seven outstanding coupons…
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MTN suspends July 1 new MoMo charges
Telecommunication giant, MTN has suspended its planned adjustments in Mobile Money (MoMo) charges scheduled to have taken effect from July 1, 2023. Earlier, the telco said transactions up to GH¢2,000 were to see a one percent charge and a flat rate of GH¢20 for transactions above GHS 2,000. But MTN now says the decision has…
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#CitiBusinessFestival: Forum on agribusiness value chain comes off today
The final Citi Business Festival forum comes off today, Tuesday, June 27, 2023. The topic is “Understanding and Leveraging Agribusiness Value chains”. The panel of experts will discuss “Opportunities in the Agribusiness Value chain and the best ways to take advantage of them”. They will look into, among other things value addition in the agricultural…
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Afreximbank’s digital platforms to boost trade and economic development
The Chairman and CEO of Oakwood Green Africa, Mr. Gabriel Edgal, has emphasized the transformative impact of Afreximbank’s digital platforms, including the MANSA and Pan-Africa Payment and Settlement Systems (PAPSS) platforms, on Ghana’s economic development and participation in intra-African trade. Speaking at a side event during the launch of the Africa Trade Gateway as part…
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MTN introduces new Mobile Money withdrawal fees
MTN, the leading telecommunications company, has announced significant changes to its mobile money withdrawal transaction fees. Effective from July 1, 2023, customers will experience an adjustment in fees for cash-out transactions exceeding a specific threshold. MTN took the initiative to inform its customers about the upcoming modifications through an SMS circular. According to the circular,…
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Over 3000 jobs created through COVID -19 response grant – Trade Minister
The Minister of Trade and Industry, Kobina Tahir Hammond has revealed that over 3100 jobs have been created by 311 firms who benefited from the covid-19 response grant. The overall aim of this program was to support Small and Medium Enterprises (SMEs) with a high potential of implementing productivity and competitiveness-enhancing initiatives to accelerate their…