Category: Government
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Protect export data integrity for national economic planning–GEPA
The Ghana Export Promotion Authority (GEPA) has asked stakeholders to ensure export data integrity by recording and transmitting accurate export data which is crucial for economic planning. According to Mr Samuel Dentu, Deputy Chief Executive Officer, GEPA, “Data is utilized by the government institutions, donors, investors, banks and businesses for policy planning, designing of economic…
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4G license to improve digitisation agenda – Vodafone
Vodafone Ghana has officially reached an agreement with the National Communications Authority (NCA) for the purchase of one slot of the 2×5MHz frequency spectrum in the 800MHz band for mobile services. The slot, purchased at the cost of US$30million, was awarded to Vodafone following successful financial negotiations with the NCA, in line with the Authority’s…
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Vodafone secures 4G spectrum
Vodafone has won one of the 2×5 MHz frequency spectrum block in the 800 MHz Band frequency spectrum block for mobile services. By this, Vodafone should be providing 4G services for its clients soon. A statement from the NCA to Citi Business News confirmed the acquisition. “The National Communications Authority (NCA) announces for the information…
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The Accra Bourse: The highs and lows of 2018
The bullish performance of the Accra Bourse in 2017 led most analysts to predict a continuation of the trend on the back of favorable economic indicators expected in the year 2018. Stability of the cedi, lowering of interest rates, declining inflation, stable power supply, amongst others are some of the reasons given for the positive…
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Ivorian cocoa farmers hope for more rain as dry winds advance
Farmers in Ivory Coast’s cocoa-growing regions said on Monday that more rain was needed to sustain the October-to-March main crop, as dry Harmattan winds descended further into the country last week. Ivory Coast, the world’s top cocoa producer, is in the dry season, which runs from November to late February. Harmattan winds sweep in sand…
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The Concept of Open banking: a critical juncture for the finance industry
Flying across the world for pleasure or business has become so common today that it’s almost like taking a bus. There are seamless connections for passengers and baggage from almost anywhere to anywhere, it’s an efficient and affordable means of travel and were it not for the painful security and immigration protocols, it may almost…
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Energy Ministry opens prequalification application for oil blocks
The Ministry of Energy has opened applications for prequalification from interested companies for the oil blocks the government has put up for competitive bidding. The application is opened to who submitted Expression of Interest (EoI) for the competitive bidding for three Blocks (GH_WB_02, GH_WB_03 and GH_WB_04) in the Western Basin and direct negotiations in respect…
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Parliament passes Fiscal Responsibility Act to ensure prudent spending
Parliament has approved under a certificate of urgency, the Fiscal Responsibility Bill. The Bill, which has been touted by the government as one of the instruments through which it will maintain fiscal discipline as the country exits the IMF Program. It seeks to ensure fiscal responsibility, macroeconomic stability, and debt sustainability. There were however concerns…
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UNIPASS takeover of single window at ports will bring efficiency—GIFF
The Ghana Institute of Freight Forwarders (GIFF) is hopeful the takeover of the single window system at the ports by UNIPASS will help strengthen custom-to-custom corporation. Beginning January 1, 2019, South Korean company, UNIPASS will take over the single window system which was jointly operated by the Ghana Community Network Limited (GCNet) and Customs World…
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Nigeria’s first gold refinery to triple capacity in 5 years
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Nigeria’s first gold refinery is expected to more than triple its capacity within five years after operations begin next June, an executive at the company developing it said on Tuesday. Nere Teriba, vice chairman of local firm Kian Smith Trade & Co, said the refinery would initially be able to produce three tonnes per month…