Category: Business
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Bank of Ghana maintains policy rate at 14.5%
The Monetary Policy Committee of the Bank of Ghana has maintained the policy rate at 14.5 percent after a similar decision in May this year. The rate is of keen interest to businesses, as it determines the rate at which the BoG lends to commercial banks, and subsequently influences interest rate on loans. The Governor…
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Golden Star Resources sells off 90% of Bogoso-Prestea Mine for $95m
Golden Star Resources Ltd. says it has entered into an agreement with Future Global Resources to trade off 90 percent interest in the Bogoso-Prestea Gold Mine. The agreement demands that an initial purchase price of $55 million shall be paid with a further contingent component of up to US$40 million staged payments to ensure FGR…
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Mobile Money Interoperability volume jumps by over 400% in 2020 1st half
The volume of Mobile Money Interoperability transactions has shot up by over 444 percent in the first half of this year compared to the same period last year. This is contained in the Ghana Interbank Payment and Settlement Systems (GhIPSS) Half Year Performance report. According to the report, transactions from January to June 2020, stood…
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MTN Ghana to hold 2nd Annual General Meeting virtually on August 13
Scancom PLC (MTN Ghana) will host shareholders at its second Annual General Meeting(AGM) on 13th of August 2020. The meeting which will be held virtually will be streamed live from the Company’s Head office at MTN House,Independence Avenue from 11am. A statement issued by the company said, “the meeting will among others discuss the audited…
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Side hustle or full-time business: Pros and Cons
Do you dream of giving up your job and being your own boss? Making the jump from employee to entrepreneur and business owner can prove daunting, as well as rewarding. Some people find getting a ‘happy balance’ by remaining in employment but embarking on a side hustle. As a result, they run their own business…
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Make money with your smart devices – Forex Analyst urges young graduates
Director of Forex Trading Academy, Lennis Glover, has urged Ghanaians to explore new ways of working that involves hiring of independent contractors and freelancers instead of full-time workers. Speaking during a web seminar organised in collaboration with the Greater Accra Regional Chapter of the National Service Personnel Association (NASPA), Mr. Glover urged young graduates to…
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Africa must reposition itself to gain immensely from the global financial market – Lennis Glover
Forex Analyst and Director at the Forex Training Academy, Lennis Glover, has stated that if Africa truly wants to become an economic powerhouse of the future, it needs to get serious about reforming its financial markets. According to him, the current pace of globalization gives no choice to developing countries as they must put in…
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Gov’t presents GH¢2m to 1,000 physically challenged entrepreneurs
President Akufo-Addo on Friday July 24, 2020, presented 2 million Ghana Cedis to 1,000 disabled entrepreneurs to empower them economically. The initiative is under the Presidential Empowerment for Male Entrepreneurs (PEMED) programme, and is being spearheaded by the Business Development Ministry. At a short ceremony at the Jubilee House, Accra, President Akufo-Addo said government is…
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COVID-19: African Development Bank Group supports Ghana with $69m grant
The Board of Directors of the African Development Fund (ADF) on Friday, July 24, 2020, approved a $69 million grant to support Ghana’s efforts to tackle the COVID-19 pandemic and mitigate its socio-economic impact on the country. The grant from the ADF, the concessional arm of the African Development Bank, would provide fiscal budget support…
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Thousands secure TIN in Central Region to benefit from COVID-19 stimulus package
A total of 24,135 Tax Identification Number (TIN) applications have been processed and certificates issued to respective small and micro enterprise (SME) applicants by the Small Taxpayer Office of the Ghana Revenue Authority (GRA) in the Agona West Municipality and its adjoining districts of the Central Region. Mr. Abdul-Rahman Musah, Manager of Small Taxpayer Office…