Category: Business
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Fuel prices to rise marginally in second pricing window of May – IES
Consumers of fuel may have to brace themselves for more shocks in the next couple of days because the Institute of Energy Security (IES) is forecasting a 3 to 6 percent increase in the price of petrol and LPG and 2 percent increase in the price of diesel on the local market. According to the…
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Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta
Finance Minister, Ken Ofori-Atta, has stated that government is committed to building an entrepreneurial society to help reduce the imported inflation. His comments come as recent data from the Ghana Statistical Service indicates that the continuous increase in transport fares and food prices across the country has pushed the national year-on-year inflation for April 2022 to…
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Businesses will pass on increased cost of production from high utility tariffs – GNCCI
The Ghana National Chamber of Commerce and Industry (GNCCI) is cautioning that its members would have no choice but to pass on any increases in their cost of production that will arise, as a result of high utility tariffs. The remark follows the recent proposals for tariff increases by the Electricity Company of Ghana (ECG)…
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KIC and Mastercard Foundation launch Agri-MSMEs acceleration program
The Kosmos Innovation Center (KIC) in partnership with the Mastercard Foundation have launched the KIC Business Booster – an acceleration program aimed at scaling Micro, Small, and Medium Enterprises (Agri-MSMEs) in the agriculture sector. The KIC Business Booster accelerates the growth of Agri-MSMEs by improving their investor readiness and connecting them to potential funding. Agri-MSMEs…
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Benjamin Dzoboku appointed as new Managing Director for Republic Bank Ghana Plc
Republic Bank (Ghana) PLC has appointed Benjamin Dzoboku as its new Managing Director to succeed Farid Antar on his retirement. This was done at a meeting of the Board of Directors held on 15th March 2022. The Bank of Ghana granted approval to the appointment on 10th May 2022. Mr. Antar retires from the Bank…
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Gov’t to launch national airline to benefit from AfCFTA – Hassan Tampuli
Since 2017, government has made clear its intentions to establish a national carrier following the collapse of Ghana Airways and Ghana international Airline. The government believes this will not only build the aviation sector in the country, but create opportunities for Ghana to benefit from the Africa Continental Free Trade Area. Outlining several works being…
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Accra Brewery PLC launches thematic campaign dubbed ‘Taste no yɛ Deep’
Accra Brewery PLC (ABL), a subsidiary of ABInBev and a leading manufacturer and distributor of beer and non-alcoholic malt beverages in Ghana, has launched a new thematic campaign dubbed ‘Taste no yɛ Deep’ This is to establish the superiority of quality and offerings of its flagship brand, CLUB Premium Lager. First brewed in 1931, CLUB…
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BoG reiterates calls for public to report unapproved banking charges
The Bank of Ghana is tasking customers to report to the Central Bank any suspicious or unapproved charges from their financial institutions. In June 2021, the Bank of Ghana warned commercial banks and specialised deposit-taking institutions (SDIs) in Ghana to abolish unfair charges in the banking sector. In a statement, the Bank of Ghana noted…
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Ghana Stock Exchange signs MOU with Jamaica Stock Exchange
The Ghana Stock Exchange (GSE) has signed a historic Memorandum of Understanding (MoU) with the Jamaica Stock Exchange (JSE) to forge a stronger relationship across the stock markets and the economies of both countries. This is the first time such an MoU is being signed with a Caribbean Exchange. It also presents enormous opportunities for…
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Association of Ghana Industries pushes for discounts on imports of raw materials
The Association of Ghana Industries (AGI) is pushing for a special discount on imports of raw materials to make producers more competitive in the country. According to the Association, the move is aimed at helping government build a strong manufacturing sector and aid manufacturers thrive under the African Continental Free Trade Area. The Chief Executive…