Category: Business
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Ghana won’t return to IMF for financial support – Ofori-Atta reiterates
Finance Minister, Ken Ofori-Atta has downplayed reports that government is considering the option of returning to the International Monetary Fund, IMF, for some financial support to help stabilize the economy. Some economists and finance professionals have already predicted that the country will secure a program from the fund to help deal with the current revenue…
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Dr. Ernest Addison calls for integrated approach to improve intra-African payments
Governor of the Bank of Ghana, Dr. Ernest Addison has called for a multidimensional integrated solutions approach to tackle the inherent frictions in cross-border payments in Africa. According to the World Economic Forum, payments which have always been the lifeblood of trade will be key for intra-African trade, which covers 55 countries with varying financial…
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Akufo-Addo calls for increased Japanese investments in Ghana
President Nana Addo Dankwa Akufo-Addo has called on Japanese companies to channel their investments into Ghana’s manufacturing sector. According to the President, close collaboration between Ghana and Japan especially in the area of industrialization will among other things help in reducing unemployment in the country. He made the remarks at the formal opening ceremony of…
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GAWU argues against increased funding of the PFJ policy in the 2022 budget
The General Agriculture Workers Union (GAWU) has called on government to desist from increasing its allocation for the Planting for food and jobs program in the upcoming 2022 budget statement and economic policy. The Planting for Food and Jobs policy, which has been in existence for over three years now, aims at boosting local production…
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Business Mogul, Dr. Daniel McKorley chairs Board of Ghana Trade Fair Company
President Nana Addo Dankwa Akufo-Addo has appointed business mogul, Dr. Daniel McKorley, as Chairman of the reconstituted Board of the Ghana Trade Fair Company Limited (GTFCL). At a ceremony to swear in the Board Members, sector Minister, Alan Kyerematen told the Board that Government, through the Ministry of Trade and Industry, is redeveloping the Ghana…
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Dr. Bawumia calls for stakeholder collaboration to improve intra-African payment systems
Vice President, Dr. Mahamudu Bawumia has charged Central Bank governors across Africa to facilitate collaboration amongst key stakeholders to help with the integration of payment systems on the continent. According to the World Economic Forum, payments which have always been the lifeblood of trade will be key for intra-African trade, which covers 55 countries with…
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Digitization agenda: Collaboration vital to growth of Ghana’s fintech space – Bawumia
Vice President, Dr. Mahamudu Bawumia, has highlighted the need for a unified effort between stakeholders in Ghana’s fintech space in pushing the use of the universal QR code. This, he said, will fast-track the achievement of the cash-lite agenda. Ghana is currently going through a digital transformation under the leadership of the government spearheaded by…
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Oil companies urged to help address negative impact of seaweeds on oil-enclave dwellers
Board Chairman of the Ghana National Petroleum Corporation (GNPC), Freddy Blay, has called on oil Companies and other stakeholders to take immediate steps to alleviate the sufferings of fishermen whose livelihood have been impacted negatively by the invasion of seaweed. According to Mr. Blay, the rising frequency with which seaweed wash ashore along the coast…
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Standard Chartered MD highlights bank’s commitment in making Ghana technology hub
Managing Director of Standard Chartered Bank, Mansa Nettey, has reiterated her outfit’s commitment to contributing to making Ghana a technology and digital hub. This forms part of efforts in pushing the government’s digitalization agenda. ”We will continue to leverage our status as a leading trade bank to create a fairer global economy and sustainable growth…
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You’ve been an integral part of growth of Ghanaian economy – Akufo-Addo to FBNBank
The President, Nana Akufo-Addo has acknowledged the efforts of FBNBank Ghana towards the growth of the economy and has commended the Bank and its staff for their contribution over the past years. In a keynote address read on his behalf by the Deputy Minister of Finance, John Kumah at the FBNBank@25 Gala Dinner to commemorate…