Category: Government
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Enforce rules after lifting ban on small scale mining–Mineworkers union
The Ghana Mineworkers’ Union has urged government to ensure that the new policy that has been launched to guide small scale mining activities in the country, is followed. This they say will ensure that Ghana does not return to the days of mass pollution of its water bodies. The Chairman of the Inter-ministerial committee on illegal mining,…
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Small scale businesses benefits pension contribution
The Association of Small Scale Industries has began processes with National Pensions Regulatory Authority to ensure its members benefit from pension as well as access to funds to grow their businesses. This, the association says is key in addressing the major challenges of the businesses which include access to funds to enhance their operations. Members…
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Access Bank Ghana appoints new Managing Director
Access Bank (Ghana) Plc. announces the appointment of Mr. Olumide Olatunji as its new Managing Director, effective December 5, 2018. He replaces Mr. Ifeanyi Njoku who has now taken up a new role within the Access Bank Group to support the Bank’s expansion drive in line with its new 5-year strategic growth plan. His appointment…
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ADB is not delisting from stock market – Kofi Yamoah
The managers of the Ghana Stock Exchange have dismissed claims that ADB is planning to delist from the stock exchange. There have been reports that the new majority shareholders of ADB had taken the decision. But the Managing Director of the stock exchange, Kofi Yamoah insists that is not the case. “I have been privy…
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Business of Christmas: Secondhand cloth dealers lament low sale
With few days to the Christmas, dealers in secondhand children clothing are complaining of low sales. A visit to the Makola and Kantamanto markets in the central business district of Accra, revealed that the sale of both brand new and secondhand clothing for children is yet to see some boost. At the Makola market, several…
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EOCO retrieves GHC51m for GRA
The Economic and Organized Crime Office (EOCO) says it has recovered over GHC 51 million for the Ghana Revenue Authority(GRA), from corrupt individuals and businesses in 2018. Speaking at a Multi-Stakeholder Business Integrity Breakfast meeting in connection with the Anti-Corruption and Transparency Week, the Executive Director of EOCO, K. K Amoah stated that, with the…
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Restriction of medicine imports: Local producers demand enforcement
Local pharmaceutical companies have made fresh appeals for the government to enforce the policy on restricted imports of some medicines which are produced locally. They complain that some people are sidestepping the policy which is affecting their business. The restriction on the importation of medicines produced locally, was introduced in 2017. The policy covers 49…
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First National Bank to rely on parent company to meet capital requirement
First National Bank Ghana, has announced that its parent company FirstRand Limited in South Africa will help the bank meet the new minimum capital requirement of Four Hundred Million Cedis. A statement from the bank copied to Citi Business News said, “First National Bank is committed to serving the needs of our customers in Ghana”…
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IMF boss Christine Lagarde visits Ghana on December 16
The Head of the IMF, Christine Lagarde is scheduled to visit Ghana ahead of the country’s completion of the program with the Fund. Miss Largarde’s trip to Ghana is scheduled for December 16 to 18, 2018. Deputy Information Minister, Pius Hadzide disclosed this at a media briefing on Wednesday [December 12, 2018]. According to him,…
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ADB seeks shareholders’ approval to raise GH¢380m for recapitalisation
ADB has announced that it will embark on a renounceable right to issue to raise 383 million cedis to help it meet the minimum capital requirement. This decision is however subject to shareholders’ approval at the bank’s Annual General Meeting. The AGM is scheduled for Thursday, December 20, 2018. According to ADB, it is also…