Category: Government
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Restrictive tender may produce worse outcome than PDS deal — IES
The Institute of Energy Security (IES) has stated that the government’s decision to use a restrictive tendering process to select a successor to PDS may yield a worse outcome. A statement released by the think tank and signed by its Executive Director Paa Kwasi Anamua Sakyi said the termination of the PDS deal comes as…
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BoG Governor Dr. Addison appointed IMF/World Bank Board Chair
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison has been selected to represent Ghana to Chair the Board of Governors of the Bretton Woods Institutions in 2020. A statement from the central bank explained that the selection of Ghana was done in recognition of the country’s impressive strides in macroeconomic stability achieved…
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[Article] Ghana’s monstrous debt: a flashback of pre-HIPC levels
Spotting his favourite white African kaftan with a Ghanaian flag pin adorning the pocket, Ghana’s Finance Minister, Ken Ofori-Atta, appeared before legislators in July presenting the mid-year budget review, he announced measures being instituted to shore up tax collection. The government has been struggling for the past two years to meet its revenue collection targets,…
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GRA issues new directives on auction of goods at the ports
The Ghana Revenue Authority(GRA) has issued new directives on auction of items. The new directives which were contained in circular outlines the processes through which goods in the custody of the GRA will be disposed of to the public. According to the statement, the ratio of distribution of goods by the GRA will now involve…
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Activities in manufacturing subsector increases September PPI to 9.7%
A slow increase in the average prices of goods produced in the manufacturing subsector of the economy has caused a marginal increase in the Producer Price Inflation(PPI) for the month of September this year. The Producer Price Inflation for September 2019 increased to 9.7 percent, showing how the figure increased between September 2018 and September…
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Gov’t to establish registry for all mobile phones — Ursula Owusu-Ekuful
All users of mobile phones in the country will soon be required to register their handsets with a central database to be established by the Ministry of Communication. This, according to the Minister of Communication Ursula Owusu-Ekuful, will among other things, reduce the influx of stolen, counterfeit and substandard mobile phones into the country. Mrs.…
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Pay workers appropriately to prevent corruption – TUC Chairman
Ahead of the implementation of the 2020 National Daily Minimum Wage (NDMW), the Trades Union Congress (TUC), the main umbrella organization for trade unions activities in Ghana has warned there could be a rise in corruption if workers are not paid enough. The 2020 National Daily Minimum Wage (NDMW) has gone up 11 percentage points…
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Government to release GH¢2.2 billion to pay road contractors
President Nana Addo Dankwa Akufo Addo has directed the Minister of Finance and Economic Planning Ken Ofori-Atta to release GH¢2.2 billion to pay road contractors working on various roads in the country. Mr. Kwasi Amoako-Atta, the Minister of Roads and Highways announced on Monday in Sunyani. He was responding to a concern raised about the…
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Ghana, 2 other countries named rising stars of global trade
Ghana together with neighbouring Côte d’Ivoire have been named have named as markets that have most rapidly improved trade growth potential over the past decade, according to new research from Standard Chartered. The Trade20 index, which identifies the 20 rising stars of trade, places Côte d’Ivoire in the top spot of African markets, and Kenya…
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Bawumia launches Job Centre to facilitate job creation for youth
Vice President Dr Mahamudu Bawumia on Wednesday out doored the Youth Employment Agency’s (YEA) Job Centre and three other supporting initiatives, to facilitate sustainable employment for both skilled and unskilled Ghanaian youth between the ages of 15 and 35 years. The three other initiatives are Artisan Directory, Work Abroad Programme and Agriculture-based Flagship Project. At…