Category: Government
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GRA misses targets, contracts McKinsey to block loopholes
The Ghana Revenue Authority missed its revenue target for the first eight months of the year. The Authority fell short of its target by 1.8 billion cedis. As a result, it has engaged the services of consultancy firm, McKinsey, to help it block revenue leakages that persist in its revenue collection. The Commissioner General of…
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Labour unions, KPMG determine exit pay for Consolidated bank staff
The Ministry of Employment and Labour relations together with the Bank of Ghana, the receiver for the Consolidated bank as well as representatives of labour unions have met over the issues affecting the staff of the Consolidated bank. This is also to reduce any apprehension among the remaining staff. Present at the meeting were officials…
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Ghana, Cote d’Ivoire pursue joint cocoa sector reforms
Ghana and Cote d’Ivoire have agreed on at least twelve actions to be adopted by both countries as they collaborate to improve the cocoa sectors of their respective economies. Following a meeting between the Presidents of the two countries in March, the Ghana COCOBOD and its equivalent body in Cote d’Ivoire met in Accra between…
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Customers of uniCredit angry over locked up cash
Customers of Unicredit Savings and Loans are livid over their inability to withdraw their matured investments from the company. Scores of customers on Tuesday [September 11, 2018] besieged the premises of the Kantamanto branch of the company to demand their money after several failed attempts to retrieve their investments. Some reports have suggested that the…
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AlYah launches Ghana’s first satellite internet service
A leading Satellite Communications company, Yah Sat has launched Ghana’s first ever satellite broadband internet service, YahClick. Unlike wireless and fibre internet which are often limited by geography and terrestrial conditions, this ground breaking technology will allow Ghanaians across the country experience fast and reliable internet connectivity. The service delivers upstream and downstream data to…
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Banking consultant supports enactment of Financial Stability Act
A banking consultant, Dr. Richmond Atuahene has backed calls for the enactment of a financial stability sector act to enhance collaboration among regulators in the financial space. The calls for the crafting of such a law followed the three day probe by Parliament’s Finance Committee into the banking sector crisis, which unearthed the lack of collaboration…
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‘Be grateful to NPP; cedi depreciation rate better than NDC’s’ – Gideon Boako
Gideon Boako, Spokesperson for the Vice President, has said the New Patriotic Party (NPP) government should be commended for improving on the rate of the cedi’s depreciation, although Ghc5.00 is almost equal to one dollar. The economist, who was speaking on Citi TV’s Point of View, said the rate of the cedi’s depreciation is much…
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Ghana Uber drivers protest over unfair charges
Uber Drivers have withdrawn their services on the Uber Applications for the next two weeks to protest what they say is unfair treatment by Uber Ghana. The drivers, numbering over 300, complain that their business is unprofitable due to various regulations by the company which they say is unfavorable to their operations. They cite for…
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PIAC probes GNPC over Takoradi assets & revenue losses
The Ghana National Petroleum Corporation (GNPC) has the next seven days to explain to the Public Interest and Accountability Committee (PIAC), circumstances surrounding the Corporation’s acquisition of properties in the Western region. The move has been viewed by some as a conflict of interest which flouts administrative rules. The Chairman of PIAC, Dr. Steve Manteaw…
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Cedi to hit 5 to a dollar as external pressures soar – Analyst
Some currency analysts are projecting that the cedi will continue its losing streak against major trading currencies until external factors influencing its performance, subsidise. The local currency has been depreciating against the dollar particularly for some time now with some analysts it will hit the 5 cedis mark soon. As at close of business on…