Category: Government
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Cedi depreciation: Spare parts dealers threaten to pass on cost to consumers
Spare parts dealers at Abossey Okai have stated that they will have no other option but to increase the cost of their goods if the cedi is not stabilized against the dollar. The cedi since January this year has seen about 2.4 percent depreciation reducing in value against the dollar from 4 cedis 90 pesewa…
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Only ten percent of Unibank’s debts were recoverable – KPMG report
It has emerged that over ninety percent [90%] of defunct Unibank’s loan books was non-performing as at March 2018. According to the Official Administrator’s report, Unibank had 3.4 of the 3.73 billion cedis, non performing; a development which affected the performance of the bank. The Official Administrators, KPMG were made to assume the management of…
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Gov’t hopeful of completing final IMF exit processes this month
Government says it is confident of finishing the processes that will allow Ghana officially exit the International Monetary Fund programme in April 2019. A team from the International Monetary Fund (IMF) which is expected in Ghana this month, is scheduled to meet parliament’s finance committee on the 20th of February, to review the relevant data to ascertain if…
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IES raises concern as PURC, ECG delay major policy decision making
The Institute of Energy Security, IES, is warning that the technical and operational challenges within the ECG may escalate if the process for the handing over to the Power Distribution Services (PDS) is delayed any further. The IES also wants the PURC to be swift in announcing the new tariffs as the delay is impacting…
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Major boost for Ghana’s tourism industry as more foreigners plan trip
The rating of Ghana’s tourism sector this year by the CNN as one of the best destinations to visit is already receiving positive responses from European countries. France, in response to the report has sent some journalists to Ghana to explore Ghana’s tourism sites to encourage it citizens to visit Ghana during this year’s summer…
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Digital accounting trends disrupting financial markets–CIMA
The financial market risk losing its experienced professionals in few years as digital accounting trends continue to evolve. That is according to the Director of Education at the Chartered Institute of Management Accountants (CIMA)Dr. Noel Tagoe Expertise in areas such as data analytics, cyber risk management, and how to develop business modules must now be…
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National Academy of Engineering elects Sam Jonah as member
The National Academy of Engineering (NAE) has elected 104 new members among which Sam Jonah is a member. Eighteen foreign members, were also elected, announced NAE President C. D. (Dan) Mote, Jr. This brings the total U.S. membership to 2,297 and the number of foreign members to 272. The election to the National Academy of…
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Anthony Jordan retires as MD of Republic Bank Ghana; new leader appointed
Mr. Anthony Jordan currently Managing Director of Republic Bank (Ghana) Ltd will retire from the Bank on April 17, 2019, after a distinguished career spanning over thirty-five (35) years of service. He started work in Ghana in 2015, coming from Trinidad and Tobago. Mr. Farid Antar, has been appointed Managing Director of Republic Bank (Ghana)…
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Govt reiterates commitment to solve shortage of animal feed
Minister of State in charge of Agriculture, Dr Nurah Gyiele has reiterated government’s commitment to provide livestock farmers with locally made feed. This is aimed at government’s policy of Raring for Food and Jobs announced in the 2019 National Budget Statement. At a ceremony to establish a feed manufacturing factory, Dr. Gyiele assured that farmers…
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Ogilvy Ghana bags three wards at 7th National PR, Communication Excellence Awards
PR and advertising company Ogilvy Ghana, has won three awards at the 2017 Institute of Public Relations Excellence Awards held at the La-Palm Beach Hotel in Accra. The company, one of the largest marketing communications networks in the country helping transform brands, accomplished a feat at this year’s awards as the most awarded consultancy considering…