Category: Government
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Sign Real Estate Authority Bill into law – Construction Chamber urges Akufo-Addo
The Ghana Chamber of Construction Industry (GCCI) has joined calls for the President, Nana Akufo-Addo, to accent to the Real Estate Authority Bill. According to the Chamber, this will contribute significantly to sanitizing the sector. Parliament in September 2020 passed the Bill pending the assent of the President. Speaking to Citi Business News, Chief Executive…
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Focus on nuclear energy to reduce cost of electricity – AGI to government
The Association of Ghana Industries says Government ought to focus on nuclear energy to significantly reduce the cost of electricity in the country. Presently power in the country is being sold at about 17 cents per kilowatt-hour as compared to about 8 cents per kilowatt hour with Nuclear energy. Nuclear power plants are however expensive…
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Austin Gamey calls for strategic investment of SSNIT funds for better yields
A labour consultant, Austin Gamey has called for better investment of funds contributed to the Social Security and National Insurance Trust (SSNIT), in order to ensure better yields and better payouts to Ghanaian workers. The comment follows an announcement by SSNIT that monthly pensions for 2021 have been adjusted upwards by 10 percent. According to…
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Extension of tariff reliefs won’t worsen debt stock – Adu Sarkodie
Economist Dr Adu Sarkodie says the impact of the reliefs on utilities will not significantly increase the country’s debt. The government extended the provision of free utilities for lifeline consumers to cushion the public from the impact of the COVID-19 pandemic. Dr Sarkodie insists that the impact of the pandemic still lingers and any help…
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Textbook retailers lament low patronage of old textbooks due to new curriculum
Traders engaged in the sale of textbooks want the Ghana Education Service (GES) to supply the books required for the new curriculum to help their businesses. The introduction of the new curriculum at the basic level from kindergarten to primary six means that traders who have the old textbooks in stock are running at a…
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Akufo-Addo government charged to reduce cost of power in 2nd term
The Ghana National Chamber of Commerce and Industry has urged President Akufo-Addo to couple the extension of electricity to communities without power, with a significant reduction in the cost of power itself, across the country. According to data from the Energy Ministry, access to Electricity in Ghana as at the end of 2020 was around…
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GRA to issue certificates of origin for exporting firms under AfCFTA
The Ghana Revenue Authority is set to ramp up the issuance of certificates of origin to exporting firms in the country. This comes after government designated the Customs Division of the Ghana Revenue Authority (GRA) as the Competent Authority for the issuance of Rules of Origin Certificate under the African Continental Free Trade Area (AfCFTA).…
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Be proactive to benefit from AfCFTA – AfroChampions urges businesses in Ghana
Almost a week after the commencement of the African Continental Free Trade Area (AfCFTA), businesses in Ghana, both small and big, have been charged to be proactive in taking steps to participate and benefit fully from the continent-wide agreement. Trading under the agreement was supposed to have commenced in July 2020 but had to be…
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BoG Governor confident of cedi’s stability in 2021 after 3.8% depreciation in 2020
Governor of the Bank of Ghana, Dr. Ernest Addison is confident the reserves it has amassed so far, coupled with other measures to be implemented by the government in 2021 should see the local currency remaining stable throughout this year. The cedi which depreciated by 3.8 percent against the dollar in 2020, outperformed many of…
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Returning economy to path of fiscal consolidation critical – BoG Governor
Governor of the Bank of Ghana, Dr. Ernest Addison has reiterated the need for government to develop a new medium-term macroeconomic framework to return the economy unto a path of fiscal consolidation. The Governor had earlier on raised questions about the sustainability of the implementation of COVID-19 related interventions meant to cushion Ghanaians and businesses…