Category: Featured
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Ghana faces imminent power crisis as IPPs threaten shutdown over $1.73bn debt
Ghana is on the verge of a severe power crisis in the coming days if immediate measures are not taken to address an outstanding debt of $1.73 billion owed to the Independent Power Producers (IPPs). The IPPs have issued a renewed ultimatum, threatening to shut down their plants starting July 1, 2023, unless the government…
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Afreximbank’s digital platforms to boost trade and economic development
The Chairman and CEO of Oakwood Green Africa, Mr. Gabriel Edgal, has emphasized the transformative impact of Afreximbank’s digital platforms, including the MANSA and Pan-Africa Payment and Settlement Systems (PAPSS) platforms, on Ghana’s economic development and participation in intra-African trade. Speaking at a side event during the launch of the Africa Trade Gateway as part…
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USAID commits US$ 7 million to support Ghanaian smallholder farmers
As part of moves to address the bottlenecks associated with small scale farmers in rural Ghana, the U.S Agency for International Development (USAID) through the United Nations World Food Programme (WFP) is committing about US$ 7 million to provide vital support for the farmers. The funds which will be disbursed in two tranches through a…
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Ashanti Region: Tanker drivers declare sit-down strike
Tanker drivers belonging to the Ghana National Petroleum Tanker Drivers Union in the Ashanti Region have initiated a nationwide sit-down strike to draw attention to the deteriorating condition of roads leading to the Kumasi depot of the Bulk Oil Storage and Transportation (BOST). According to the drivers, the recent onset of heavy rains has further…
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MASLOC, Association of Small Industries sign MoU to strengthen collaboration
The Microfinance and Small Loans Centre (MASLOC) and the Association of Small Industries (ASSI) have signed a Memorandum of Understanding (MoU) to strengthen their collaboration. The MoU will serve as the foundation for MASLOC’s support of ASSI. Under the arrangement, ASSI will have access to digital credit facilities for its members, which will be provided…
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MoFA projects Ghana to be lead exporter of Soyabean by 2030
The Ministry of Food and Agriculture (MoFA) says it is working assiduously to make Ghana the lead exporter of Soyabean in the world by 2030. The Ministry projects to achieve this feat through the implementation of strategic measures in the soya bean production value chain ensure that the country meets its food security target through…
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Inflation targeting framework is still effective – BoG
The Bank of Ghana has reiterated its assertion that the inflation targeting mechanism is the most effective monetary policy formulation strategy to help to drive inflation down. This comes despite concerns by some experts that the IT framework had outlived its usefulness and cannot be effective against price pressures. Speaking at the launch of the…
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Citi FM/Citi TV’s Management Bootcamp for senior managers kicks off
Citi FM, a renowned media organization dedicated to promoting business excellence and professional development, will today, commence the annual Management Bootcamp. This highly anticipated event, targeting senior managers and entrepreneurs, aims to equip participants with essential skills and knowledge in various aspects of business management. The Management Bootcamp, running from Monday, June 26th, is a…
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MTN introduces new Mobile Money withdrawal fees
MTN, the leading telecommunications company, has announced significant changes to its mobile money withdrawal transaction fees. Effective from July 1, 2023, customers will experience an adjustment in fees for cash-out transactions exceeding a specific threshold. MTN took the initiative to inform its customers about the upcoming modifications through an SMS circular. According to the circular,…
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Mike Oquaye warns of IMF return if Ghana fails to address import dependency
The former Speaker of Parliament, Professor Aaron Mike Oquaye, has issued a stark warning that Ghana may find itself seeking relief from the International Monetary Fund (IMF) within the next six years if the nation does not address its current import dependency and inefficient utilization of mineral resources. During the 2nd R. S. Blay Memorial…