Category: Business
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Africa’s trade volumes to rise by $35bn annually due to operationalisation of AfCFTA – Alan Kyerematen
Ghana’s Trade and Industry Minister, Alan Kwadwo Kyerematen has said that the operationalisation of the African Continental Free Trade Area (AfCFTA) is expected to increase the volume of trade within the continent by US$35billion annually or 52 per cent by 2022. He said the initiative would also address the challenges of small fragmented markets in Africa…
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3rd GMA Webinar Series to focus on Digital Transformation in Retail Industry
Global Media Alliance (GMA) is set to organise the third edition of the GMA Webinar Series to discuss the digital transformation practices in the retail industry in the wake of Covid-19. The Series by the market leader in Integrated Marketing Communications follows two successful editions. The webinar will be held on August 25, at 10…
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Government of Ghana hands over AfCFTA building to AU Commission
Trading activities amongst African countries are expected to begin in January 2021 following the official commissioning and handing over of the Secretariat of the African Continental Free Trade Area in Accra today. The agreement was scheduled to be operational in June 2020 but was postponed due to the coronavirus pandemic. Addressing the media during the…
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Plans underway to make renewable energy beneficial – Energy Ministry
The Energy Minister says there are plans to explore how best government can benefit from renewable energy and go-ahead to export to neighbouring countries. Energy experts have often called on relevant government agencies to consider making power production attractive for export and they believe Ghana must innovate and make its renewable energy attractive for neighbouring…
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Akufo-Addo to hand over AfCFTA building to AU Commission today
President Nana Akufo-Addo will today, Monday, August 17, 2020, commission and hand over the African Continental Free Trade Area (AfCFTA) Secretariat Building to the African Union Commission (AUC) in Accra. The Secretariat will administer the free trade agreement for creating a single market across 55 countries with a combined population of 1.2 billion and a…
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Monitoring system needed to curb destruction of cocoa trees – Farmers association demands
The Concerned Farmers Association of Ghana has called on the government to put in place a monitoring system to check the destruction of cocoa trees in the country. According to the association, though the government gives farmers over 60 million seedlings annually, there is no monitoring system to track the number of seedlings that the…
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GHS33.44 million lost in banking sector fraud – BoG report
Customers in the banking sector have expressed concerns with the recent findings of the Bank of Ghana on fraud in the sector. Josephine Nee-Whang is an IT support Analyst and has been a victim of banking fraud. She recounted her ordeal of losing her hard-earned cash. “I was home in the morning and I had…
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Bank of Africa to organize webinar on Ghana’s investment opportunities with the Diasporan Community
Bank of Africa in partnership with Ghana Diaspora Monetary Fund is organizing series of Webinar under the theme: Ghana, An Ideal Destination for Diaspora Investments. These series of Webinars are part of the Bank’s newly instituted Sustainable Development Banking engagements. This webinar comes in three separate sessions under different topics. The 3-part webinar series commences…
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PIAC urges government to stick to chosen oil-funded projects
The Public Interest and Accountability Committee (PIAC) has urged government not to exceed funding beyond four priority areas as permitted by law. Per the Petroleum Revenue Management Act 2011 (PRMA), government can only fund four out of 12 listed priority areas for a three-year period to ensure effective and adequate funding. PIAC has, however, observed…
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Blue Ocean Investments, GTPCWU sign agreement to forestall agitations in oil and gas sector
Blue Ocean Investments Limited, has signed a collective bargaining agreement with the General Transport, Petroleum and Chemical Workers Union (GTPCWU), an umbrella body for oil and gas sector workers in the country. The agreement, which was signed on Monday, August 10, 2020, seeks to govern all labour and remuneration issues between Blue Ocean Investments and…