Category: Featured
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Citi Business Festival 2023 wraps up successfully with intensive Management Boot Camp
The 2023 edition of the Citi Business Festival has successfully ended with a one-week Management Booth camp held in Accra. The Citi Business Festival, held annually in the month of June, is a prestigious initiative designed to empower Ghanaian businesses with essential strategies for growth and scalability. Covering various aspects of the economy, the month-long…
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Ban on cryptocurrency still in force – Finance Ministry warns
The government has reiterated its ban on the use of cryptocurrency in all transactions, saying that all financial institutions in the country have been directed not to engage in crypto transactions. Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam, made the announcement when he answered questions on the floor of Parliament. “The…
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Aggrieved Menzgold customers demand action from Parliament
The Coalition of Aggrieved Customers of Menzgold (CACM) has urged the Speaker of Parliament to admit, move, and deliberate the motion filed on their behalf before the next mid-year budget is presented on July 27, 2023. The coalition said that members of Parliament have not been able to bring the issue to the fore and…
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Coalition of Individual Bondholders Groups to picket at Finance Ministry over unpaid bonds
The Coalition of Individual Bondholders Groups has notified government that members of the group will picket the Ministry of Finance from July 6 to demand payments of their bonds. The picketing will continue until their grievances are addressed by the relevant authorities. The Coalition, which is made up of the Individual Bondholders Association of Ghana…
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IMF conditionalities not preventing energy sector leakages – ACEP
The Africa Centre for Energy Policy (ACEP) has disclosed that the conditionalities of the International Monetary Fund are not helping curb the revenue leakages in the country’s energy sector. In a report dubbed, ‘Protecting Ghana’s Economic Sustainability in the Face of Power Sector Risks,’ the energy think tank said the already implemented conditionalities are not…
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Mines and Energy Committee to meet IPPs, others over energy debt
Samuel Atta Akyea, Chairman of the Mines and Energy Committee of Parliament, has said that his team is scheduled to hold a crunch meeting with sectors in the energy sector next week to address the concerns raised by Independent Power Producers (IPPs) regarding the significant outstanding debts that pose a threat to the stability of…
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16 banks to experience additional losses this year due to DDEP – Research
According to research conducted by Dr. Richmond Atuahene and K.B. Frimpong, approximately 16 banks are expected to experience additional losses this year due to the Domestic Debt Exchange Programme. These uncaptured losses amount to around 17.1 billion and could have a negative impact on the 2023 Audited Financial Statements of these banks, as they failed…
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Registrar of Companies extends deadline for filing annual returns, renewals
The Office of the Registrar of Companies (ORC) has announced an extension of the deadline for filing Annual Returns and Renewals until September 30, 2023. This decision was made to accommodate Companies and Businesses that were unable to complete the filing process due to technical issues with the software application system. The deadline extension applies…
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Gas is the ideal transitional fossil fuel due to its low carbon emissions – Ghana Gas CEO
The Chief Executive Officer (CEO) of the Ghana National Gas Company (Ghana Gas), Dr. Ben K. D. Asante, emphasized the importance of embracing new gas markets in the energy transition discourse during a stakeholder round table discussion held on Tuesday, July 4, 2023. With the theme “Embracing New Gas Markets in the Energy Transition Discourse,…
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Fan Milk PLc recalls Fan Yogo batches after customer complaints
Fan Milk PLC, producers of Fan Yogo has recalled some batches of the product after concerns raised by some customers. Consumers who have recently purchased Fan Yoyo have taken to social media about the abnormal texture of the product prompting the company’s action. But the company has admitted to the anomaly saying, “the root cause…