Category: Government
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Payment System Law will streamline fintech industry—Zeepay Managing Director
Players in the country’s Eco digital space are optimistic the passage of the Payment System and Services bill will streamline their activities. The new payment system and services bill which currently before parliament is to replace the current electronic money issuer’s guidance being used by the industry. The move to pass the bill has also…
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Felix Addo appointed Advisor for National Investment Bank
The Bank of Ghana has appointed Mr. Felix Addo as an Advisor for the National Investment Bank(NIB). The news comes after the central bank hinted in a press statement dated 4th January that it has appointed an Advisor has been appointed for the bank. A statement released by the Bank of Ghana today[25th January, 2019]…
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Gov’t tracks fertilizer supply with bar codes to stop smuggling
The days of fertilizer smuggling from Ghana to neighboring countries should be coming to an end as a result of the introduction of a bar coding system into the program. That’s according to Prep-eez Technology Limited, the company responsible for the implementation of the new system. The Food and Agriculture Committee of parliament in its…
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Vodafone must list on GSE after acquiring 4G spectrum—Kofi Yamoah
Managers of the Ghana Stock Exchange have disclosed that they are working with the Ministry of Communications to compel telecom company Vodafone to float part of its shares on the bourse as a requirement after it purchased a 4G spectrum. Justifying the need for Vodafone to list on the stock exchange, the Chief Executive Officer…
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Telecoms Chamber seeks stay of execution over NCA fines
The Electronic Communications Tribunal will next week, give its ruling on a stay of execution filed by the Chamber of Telecommunications. It follows the latter’s dissatisfaction over a fine for failing to provide quality services as required. The Chamber of Telecommunications last week, petitioned the Electronic Communications Tribunal over fines imposed on them by the…
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Ghana risks losing fish stock to depletion by Chinese-owned trawlers – Prof. Akpalu
Ghana is on the verge of losing its fish stock to China, a Natural Resources Economist, Prof. Wisdom Akpalu has warned. Prof. Akpalu in a recent lecture revealed that out of the 76 fishing trawlers operating in the country, only one of them is Ghanaian-owned, with the remaining trawlers belonging to Chinese nationals who have…
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Stakeholders in tourism industry lament high taxes
Some players in Ghana’s Tourism sector have called on government to reduce the numerous taxes slapped on them as it impedes their operations. Although they are hopeful that parliament will deliberate on the issue, they are hoping an immediate action is taken on it. According to a Parliamentary report, some 21 taxes slapped on tourism…
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Contracting McKinsey improved revenue collection in 2018–GRA
The Ghana Revenue Authority (GRA) says contracting the services of consulting firm Mckinsey accounted for the improved revenue collection for the year 2018. In July 2018, the GRA engaged the services of consultancy firm, McKinsey, to provide advice to the authority and train its personnel to improve revenue collection. However some analysts thought the move…
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Insurance Industry not in financial distress–NIC
The National Insurance Commission (NIC) has debunked messages making rounds on social media suggesting that some insurance companies are in financial distress. The NIC warned that circulating such false information about a section of the financial sector could cause serious challenges to players in the industry. The press release copied to Citi Business News and…
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Mining firms expectant of gold price boom as prices pick up
Mining companies are expecting gold prices to sustain the increase for this year to impact on their profits. The price of the commodity has since 2016 failed to see significant increases as projected by mining firms. The drop in price has affected the profits of the mining industry which has also impacted their contribution in…