Category: Business
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Gov’t seeks $200m to ensure sustainable mining
Government is seeking to raise some $200 million from donors for the implementation of the Multi- Sectorial Mining Integration Project which seeks to ensure sustainable mining in the country. The World Bank and the Australian government have already committed $30 million and $500,000 respectively for the implementation of the project The Multi- Sectorial Mining Integration…
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Domestic revenue collection crucial to economic development– GRA
The Commissioner General of the Ghana Revenue Authority, Emmanuel Kofi Nti has maintained that the authority will enforce the relevant laws that will help improve domestic revenue mobilization. According to Mr. Nti the collection of taxes is crucial to the economic development of the nation. The Commissioner General spoke at an event organized to award…
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Investors more confident in Ghana now than before —Ken Ofori-Atta
The Finance Minister, Ken Ofori-Atta has reiterated that the high participation of foreign investors in Ghana’s recent issue of three billion dollars Eurobond confirms investor confidence in Ghana. Comparing the 3 billion dollar bond to the last bond of 750 million dollars raised under the erstwhile John Mahama administration, Mr. Ofori-Atta argued that government got…
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A Boeing 737 Max 8 made an emergency landing after an engine problem
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A Boeing 737 Max 8 aircraft from the fleet that was grounded after two deadly crashes made an emergency landing in Florida on Tuesday. No passengers were aboard Southwest Airlines Flight 8701, which was being ferried from Orlando International Airport to Victorville, California, for short-term storage during the grounding, the airline said. Just before 3…
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Skilled human resource crucial for banking industry development—consultant
A banking consultant, Dr. Richmond Atuahene has called for highly skilled human resource in the banking sector to drive the growth needed for the financial sector. Dr. Atuahene maintained that the focus going forward for the banking sector will be to build the needed human capacity to ensure effective leadership at all levels. “For me…
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Fidelity Bank outdoors Digital Branch at KNUST
Fidelity Bank, the CIMG Bank of the Year, has opened an ultra-modern digital branch at Kwame Nkrumah University of Science Technology (KNUST) to serve students, staff and residents with the best banking service in a comfortable and friendly atmosphere. The new office, located in the heart of KNUST, is an addition to the over 75…
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Court joins AG to Receiver vs uniBank case
An Accra High Court has joined the Government of Ghana in a case in which Dr. Kwabena Duffuor and 16 others are challenging the receiver of now-defunct bank uniBank, Nii Amanor Dodoo over the revocation of the bank’s license. In its ruling, the court, presided over by Ms Justice Abena Dadzie, stated that: “It is…
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Banks are ready to take advantage of Payment Systems and Services Bill
The Absa Group Limited, formally Barclays Africa Group Limited is confident the passage of the Payment Systems and Services Bill into Law will urge banks to grow in the country. The Payment Systems and Services Bill which was passed into law is expected to promote innovation in the design of new secure electronic money products and payment services,…
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Cedi depreciation causes fuel price hike for a second time in March
Some Major Oil Marketing Companies (OMCs) have slightly adjusted upward the prices of petrol and diesel. Checks at various fuel stations showed that Shell and Total have increase the prices of petrol and diesel by six pesewas. The two companies are selling a litre of petrol and diesel for GHS5.24 representing a 1.16 percentage increase…
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Using short term measures to support cedi not sustainable—Banking Consultant
The local currency, the Ghana Cedi experienced its strongest performance against the US Dollar in the past three months after gaining 8 pesewas to end Friday March 22, 2019, selling at GHC 5.16 on the interbank foreign exchange market. Historically, the Ghanaian Cedi reached an all-time high of 5.60 against the dollar at some forex…