Category: Government
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Communications Ministry, other parties to sign MoU on MoMo data to Kelni GVG
The Communications Ministry says it has reached an agreement with the Finance Ministry, Bank of Ghana and the National Communications Authority on which aspects of mobile money data will be released to Private Contractor, Kelni GVG. The Communications Ministry last year requested that the BoG released volumes and values of mobile money transactions to Kelni…
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Rating agency Fitch confident of Ghana hosting VW plant
Ratings Agency Fitch says Ghana has the required infrastructure to welcome Germany manufacturing car company VW to fully operate in the sub region. Per a report by the ratings Agency, Ghana is developing quickly and at a fast pace which only goes to show that VW will be better placed in the country. According to…
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New regions; GSS collating data on inflation
The Ghana Statistical Service (GSS) has revealed that it is working closely with the Ministry for Regional Reorganization and Development to get the needed data, in order to calculate inflation figures for the newly created regions. According to the Acting Government Statistician, David Kombat such figures will be made available in the medium to long term.…
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Val’s Day: Consumption of locally made chocolate still low as Ghana marks ‘Chocolate Day’
The consumption of locally made chocolate remains low despite the celebration of the National Chocolate Day for over a decade. According to the Cocoa Processing Company(CPC), Ghanaians consume only 400 grams of chocolate daily compared other developed countries that consume twice the number. In Ghana, the Val’s Day is called the National Chocolate Day with…
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PEF bemoans delays in permit acquisition for businesses
The Private Enterprise Federation (PEF) has stated that businesses will be able to acquire permits and other relevant documents faster and easier with the completion of its draft Service delivery charters. According to PEF, most businesses face a major issue of permit acquisition delays which stifles their productivity. A research work commissioned by PEF revealed…
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Tullow PLC to increase oil production in Ghana as its revenue surges
Tullow Oil Plc has announced an increase in revenue for its 2018 operations. The company’s revenue increased to $1.9 billion in 2018 compared to 1.7 billion dollars in 2017. There more in this news desk report. In a financial statement released by the company, Tullow PLC recorded a profit after tax of 85 million dollars…
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Inflation for January drops to 9%; lowest in 5 years
Ghana’s inflation reached its lowest in five years for the month of January. Inflation rate dropped to 9 percent, from the 9.4 percent recorded in December 2018. The rate of 9.0% is the lowest since January 2013. The drop was largely consistent with the inflation trend recorded in January for the last 5 years. The…
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GRA seizes drinks without tax stamps at Makola
The Ghana Revenue Authority (GRA) has seized several packs of Non-alcoholic drinks without tax stamp from retail shops around Makola in the Central Business District of Accra. The move, according to the GRA is to improve tax compliance among retailers. The task force visited various shops unannounced to ascertain the level of compliance of the…
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Housing Ministry partners Hungarian govt to produce building materials
The Ministry of Works and Housing has partnered with the Hungarian government to establish a factory that will produce building materials locally. The factory will help build 200,00 houses. The Ministry is hopeful that the move will correct the country’s housing deficit. Available statistics has shown Ghana has since 2010, experienced a housing deficit of…
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Ghana making reforms to improve Ease of Doing Business ranking –Dr. Bawumia
The Vice-President, Dr. Mahamudu Bawumia says the introduction of new reforms by the end of this month should see Ghana make significant improvement on the World Bank’s ease of doing business list for 2019. The 2018 World Bank report on Doing Business Ranking, saw Ghana move six places up from 120 to 114 out of 190…