Category: Business
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SEC intensifies monitoring on Ghana Stock Exchange
The Securities and Exchange Commission(SEC) has set up a monitoring team to ensure all firms abide by the conditions associated with their listing on the Ghana Stock Exchange(GSE). The commission says it will be cracking the whip on firms that default on their listing obligations. Already some firms have been given up to December 2018…
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ExxonMobil deal: Gov’t likely to extend timeline for local partner
ExxonMobil may get an extension of the timeline to select a local partner for its operations in Ghana. Citi Business News understands this may be the option since the government is keen on getting the company to operate in the country’s oil sector. Deputy Energy Minister, Dr. Mohammed Amin Adam disclosed this in an interview…
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Karpowership wins best Independent Power Plant of the Year
Karpowership Ghana Company Limited has been adjudged the Best Independent Power Plant service for the year 2017 at the Ghana Business Quality Awards held in Accra last weekend. The award seeks to appreciate Karpowership for its service quality, competitiveness and service innovation in Ghana. The award ceremony was under the theme Building Ghana beyond Aide:…
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No renewal of license for fronting companies – Petroleum Commission
The Petroleum Commission of Ghana has cautioned all businesses that engage in fronting to desist from the practice or face the law. The Commission has stated that it will not renew the license of any Joint Venture which fails to fully disclose the identities of its shareholders. The CEO of the Petroleum Commission, Egbert Faibille…
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Aviation authorities attend 13th ICAO conference in Canada
The Deputy Minister of Aviation and MP for Takoradi, Hon. Kwabena Okyere Darko-Mensah has led a team of Aviation experts from the Ministry of Aviation and the Ghana Civil Aviation Authority to attend the Thirteenth Air Navigation International Civil Aviation Conference(ICAO) conference currently ongoing in Montreal, Canada. Also part of the delegation are seasoned experts…
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Govt raises GHS988m domestic bond
Government has raised a total of 988 million cedis bond at a rate of 19.5 percent. The three-year domestic bond which was issued yesterday was also opened to non-resident investors. There is more in this report. An initial guide price for the bond which was open to non-resident investors was set at between 18.75 percent…
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MTN shares soar despite incomplete investors’ data
It has emerged that MTN is yet to complete the reconciliation of information of some investors who bought into the company’s shares almost two months after the company listed on the Ghana Stock Exchange. As a result, managers of the stock market are anticipating increased trading activities on the exchange after the processes are completed.…
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Court strikes out name of one defendant in defunct uniBank case
An Accra High Court hearing the case between the Receiver of Defunct uniBank, Nii Amanor Dodoo and shareholders of the bank has struck out the name of one of the defendant, Clifford Duke Mettle. Mr. Clifford Mettle was an executive director of defunct unibank until the Bank of Ghana revoked its license this year. The…
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CUTS Ghana seeks strict tax enforcement in 2019 budget
As the Finance Minister, Ken Ofori Attah prepares to submit the 2019 budget statement and economic policy to the government, several civil society groups have been sending their inputs for consideration. One of such is the CUTS Group which is primarily concerned with competition and how it affects the consumer. Among the proposals put forward…
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Group bemoans low women participation in mining sector
As part of measures to rope in more women into the mining sector, government has outlined certain strategies to help achieve this feat. The women in the mining sector have complained of how often they are sidelined in terms of their participation in the mining industry. But at a workshop organized by women in mining…