Category: Business
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BoG wins Alliance for Financial Inclusion Institutional Leadership award
The Bank of Ghana has won the Financial Inclusion Institutional Leadership Award 2023 of the Alliance for Financial Inclusion (AFI). The award, which was given at the just ended AFI 2023 Global Policy Forum (GPF) held in Manila, Philippines from 12th – 15th September 2023, and hosted by the central bank of the Philippines (Bangko…
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Pensioner bondholders reject new DDEP; petition Finance Ministry
The Pensioner Bond Holders Forum is resisting attempts by the government, to include them in the next round of the Domestic Debt Exchange Programme (DDEP). The group which was initially excluded from the debt restructuring earlier this year is demanding their removal from the government’s reopened DDEP. Addressing journalists in Accra on Monday, September 18,…
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Product packaging: 87% of industries in Ghana use plastics despite waste concerns
Data from the Ghana Plastic Association indicate that about 87 per cent of industries in Ghana are heavily using plastic materials for packaging despite the country’s strong commitment to ensure sustainable consumption and production as outlined in Sustainable Development Goal 12. SDG 12.5 seeks to ensure that by 2030 waste generation will be substantially reduced…
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GACL wins ‘Best ERM Compliant Institution’ title at IAA’s annual awards
The Ghana Airports Company Limited (GACL) has been named the “Winner” of the “Best Enterprise Risk Management (ERM) Compliant Institution” in the State-Owned Enterprises (SOEs) category at the Internal Audit Agency’s (IAA) Annual Awards ceremony. The award was presented to the GACL at the 2023 Internal Audit Conference held at the University of Professional Studies…
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Accra: Fire guts several shops at CMB
Fire has gutted several shops at CMB, behind Kantamanto in Accra, destroying goods worth millions of Ghana cedis. The cause of the fire which started around 5:00 am on Sunday is currently unknown. Firefighters from the Ghana National Fire Service (GNFS) were quickly dispatched to the scene, but the fire had already spread to several…
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64% increase in cocoa price woefully inadequate – GNACOF
The Ghana National Association of Cocoa Farmers (GNACOF) has described the 64 percent increase in the producer price of cocoa announced by the government as woefully inadequate and that farmers will likely continue to smuggle cocoa to Ivory Coast where prices are higher. GNACOF President Stephenson Anane Boateng said the government needs to do more…
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MIIF partners UMAT to make institution centre of global excellence
The Minerals Income Investment Fund (MllF) as part of its mandate to support the development of the entire mining value delivery system in Ghana has signed a groundbreaking partnership agreement with the University of Mines and Technology (UMaT). The agreement which was executed at the offices of MllF on 16th August 2023 covers four principal…
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No more permits for new factories manufacturing, bagging Portland cement in Ghana
The Ministry of Trade and Industry has suspended the granting of permits for the construction of new factories for the manufacturing and bagging of Portland cement. The directive, which took effect on September 13, 2023, was announced in a statement signed by the Minister of Trade and Industry, KT Hammond emphasising that all processes leading to…
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BoG’s new headquarters befitting – Finance Minister
The Finance Minister, Ken Ofori-Atta, has called on all Ghanaians to rally and provide the Bank of Ghana with the needed support in the ongoing construction of its new head office. In an article titled “Citizens – Standing Strong with the Bank of Ghana,” Ofori-Atta urged the public to cease the uproar and opposition against…
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Govt. urged to ensure full implementation of local content law
Energy analyst, Benjamin Nsiah has emphasized the crucial role of relevant stakeholders in ensuring the full implementation of the local content policy to foster the growth of the local economy. He highlights the importance of leveraging the recent developments in the oil and gas industry, particularly the commissioning of Jubilee South East in the Western…