Category: Featured
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Producer Price for June 2023 falls marginally to 29.2%
Recent data from the Ghana Statistical Service show that the Producer Price Inflation (PPI) for the month of June 2023 fell marginally to 29.2% from the 30.3% recorded in May 2023. This represents a 1.1 percentage point decrease in producer inflation relative to the rate recorded in May 2023 However, the month-on-month change in the…
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ECG urges customers to download PowerApp to pay bills
The Electricity Company of Ghana, Volta Region, has urged customers to download the ECG PowerApp to pay all their outstanding bills to enable the company to provide stable power supply and sustain the electricity supply chain. This initiative according to the company is to enable it mobilize revenue through the ongoing mass revenue mobilization exercise…
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NCA introduces technology neutrality to improve services of networks
The National Communication Authority (NCA) has introduced technology neutrality to create a level playing field and stimulate investment in infrastructure for the deployment of 4G networks by the non-Significant Market Power (SMP) operators. Technology neutrality is one of the remedies to address SMP concerns. According to a statement issued by the authority in Accra on…
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Public Enterprises Minister clarifies govt’s decision to dispose assets of 17 SOEs
The Minister of Public Enterprises, Mr Joseph Cudjoe says the government’s plan to dispose of assets of some 17 defunct State-Owned-Enterprises (SOEs) will enable it acquire private investments into such entities for their development and attendant impact on the areas in which they were located. This follows his announcement of the government’s intention to dispose…
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Capital market: African players urged to embrace integration
Players in the financial space have emphasized the need for an integrated capital market in the African sub region. According to them such integration will support a robust and uniform economic renaissance on the continent, along with the transition to a broader, more diversified, sustainable, and digitalized economy. One of the characteristics of the fast-evolving…
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Use mid-year budget to review benchmarks for crude oil prices – Energy analyst
Ahead of the presentation of the Mid-Year Review of the Budget Statement and Supplementary Estimates for the 2023 Financial Year to Parliament, an energy analyst Benjamin Nsiah is impressing on Government to review downwards its projected benchmarks for crude oil price. The government had earlier projected a benchmark oil price of 88.55 dollars per Barrel…
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Momo fraud: Don’t entertain conversations about your account – MTN warns
Mobile telecommunication network, MTN is calling on the public to be vigilant in order not to fall victim to mobile money fraud. In recent years, many subscribers have complained about how they have been defrauded. These scammers trick them (unsuspecting persons) into believing that they are officials of mobile telecom companies and end up defrauding…
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Budget review: COPEC warns against introduction of new taxes on fuel
The Chamber of Petroleum Consumers (COPEC) has issued a strong warning to the government to refrain from plans to introduce new taxes on petroleum products in the mid-year budget review. The Finance Minister, Ken Ofori-Atta, is expected to present the Mid-year budget review to Parliament on July 25, 2023. COPEC says its sources have revealed…
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Government seeks strategic investor to galvanize Integrated Aluminium Industry
The Volta Aluminum Company (VALCO) was established as a collaborative venture between the Government of Ghana and Kaiser and Reynolds of the United States of America. VALCO started operations in 1967, with ownership then vested in Kaiser Aluminum and Chemical Corporation (Kaiser) and Reynolds Metals Corporation (Reynolds). Kaiser owned 90% of the shareholdings and the…
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Jubilee field producing over 100,000 bopd
Tullow Oil has announced that gross crude production on the Jubilee Field has surpassed 100,000 barrels per day for 2023. This was captured in an operational update to investors on July 17, 2023. According to Tullow Oil, this was after the recent start-up of the Jubilee South East (JSE) project well was brought on stream.…