Category: Business
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Clearance inspection agencies barred from ports are back – Stakeholders bemoan
Clearance inspection agencies, which were barred from operating at the nation’s ports by government in 2018, have returned to the ports on the blindside of government. This came to light at a forum on Port Relations organised by the Importers and Exporters Association of Ghana. Government in June 2018 charged all inspection agencies except the…
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Fuel prices may cross GH¢8 soon if Russia-Ukraine tensions stay high – COPEC
The Chamber of Petroleum Consumers (COPEC) is warning that if nothing is done by authorities in Ghana, regarding the rising fuel prices on the global market as Russia invades Ukraine, fuel prices could cross the GH¢8 mark at the pumps in the first pricing window of March. A barrel of Brent Crude Oil which was…
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World Bank Group launches new country partnership framework for Ghana
The World Bank Group’s (WBG) Board of Executive Directors today discussed a new five-year Country Partnership Framework (CPF) for Ghana for 2022 to 2026. The CPF prioritises investments in human capital, job creation, economic diversification, building a resilient health system, and fostering a greener and more inclusive society. Ghana has achieved considerable economic and social…
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Gov’t urged to introduce policies to cushion Ghanaians as fares go up on Feb. 26
Head of the Economics Division at the Institute of Statistical, Social and Economic Research, at the University of Ghana, Prof. Peter Quartey says stakeholders should expect the upcoming 15% increase in transport fares as announced by the Road Transport Operators, to increase national inflation in the coming months. The new fares, which are expected to…
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Police reiterates call for financial institutions to procure fit-for purpose bullion vans
The Ghana Police Service has reiterated calls for all financial institutions in the country to resort to the use of fit for purpose bullion vans for their cash-in transit activities. The remarks were made after the Police in the Greater Accra Region thwarted an attempted robbery attack on a bullion van at the North Industrial…
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Access Bank appoints Pearl Nkrumah as first female Executive Director
Access Bank Ghana Plc. has appointed its first female Executive Director, Pearl Nkrumah, to lead the bank’s Retail and Digital Operations. Pearl Nkrumah, the newest addition to the nine-member Access Bank Ghana Board, assumed duty early February 2022. Pearl Nkrumah brings a wealth of banking experience to the board, with over twenty-three years’ practice in…
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Lack of attractive mortgages to blame for NPLs in construction sector – GREDA
The Ghana Real Estate Developers’ Association (GREDA), is attributing the high Non-Performing Loans (NPLs) in the construction sector to the lack of attractive mortgages in the country. Data from the Bank of Ghana shows that repayment challenges associated with COVID-19 were paramount last year, with the NPL ratio in the banking sector increasing from 15.5…
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Fuel price hikes: Gov’t must act now to preserve economy – Mr Akwaboah
Former Board Chairman of the Association of Oil Marketing Companies, Henry Akwaboah says the government must address the erratic increase in the price of fuel in the country to prevent further escalation of the situation. Prices at the pumps are almost GHS8 at many fuel stations in the country after starting the year at about…
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Gov’t urged to make Ghana a jewelry production hub in Africa
Acting Executive Vice President and Head of Gold Fields in West Africa, Joshua Mortoti has urged the government to prioritize turning Ghana into a jewellery production hub on the continent. Ghana overtook South Africa as the continent’s largest gold producer with 4.8 million ounces in 2018 and increased the production to 5.0 million ounces in…
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ADB celebrates customers
The Agricultural Development Bank PLC has organized a Customer Appreciation Dinner for key customers in the Greater Accra region. The event which was held at the Labadi Beach Hotel in Accra was attended by more than 100 top customers of the Bank in the Greater Region was graced by the Managing Director and other top…