Category: Government
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35 businesses tipped for stimulus package – President Akufo Addo
At least thirty-five [35] companies are expected to receive financial support under the government’s stimulus package program for businesses. The support should help the businesses revive and expand their operations as well as create jobs. The stimulus package forms part of the pillars on which the government intends to develop private businesses. Shortlisted businesses were…
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Ghana to have beneficial ownership register in 2019
Ghana should have an electronic beneficial ownership register in place by the end of 2019. This is according to the Registrar-General Jemimah Oware. The Registrar General says the presence of a beneficial ownership register will help unmask the real owners of businesses that are registered under the law. It will also ensure more transparency, accountability and…
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Ghanaian Engineers urged to champion solar power
Automation Ghana Limited has called on engineers and power producers in the country to adopt solar energy in their operations. The call comes at a time where the company’s subsidiary Process and Plant Automation Limited has partnered Chint Electric which is a global leader in the manufacture of electrical and energy efficiency management solutions based…
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Cocoa companies fail on pledge to stop Africa deforestation – report
Major chocolate companies have failed to keep a promise they made a year ago to stop forests in West Africa being destroyed for cocoa production, a campaign group said on Friday. Companies from Mars to Hershey to Barry Callebaut joined the governments of Ivory Coast and Ghana to launch the Cocoa and Forests Initiative last…
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New managers of ECG will end ‘dumsor’–MiDA
The Millennium Development Authority (MiDA) has assured that the coming in of the Power Distributing Services (PDS), which is the motherboard of Meralco Consortium, the company chosen to manage the Electricity Company of Ghana (ECG) will completely end power crisis in the country. This was revealed to Citi Business News on the sidelines of an…
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Peasant Farmers Association cautions gov’t against GMOs
As Ghana remembers its farmers today and use the day to celebrate their efforts, the Peasant Farmers Association of Ghana (PFAG) has called for circumspection in introducing Genetically Modified Organisms (GMO) in seeds. According to the farmers, “the call for introduction of GMOs to salvage the local seed industry is only a strategy by multi-national…
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National carrier:Pursuit for partner still on course –Minister
Aviation Minister, Joseph Kofi Addah has clarified that the government is yet to conclude the processes that will lead to the selection of a partner for the new home based carrier. According to him, the Memorandum of Understanding (MoU) with Ethiopian Airlines is but one of the numerous agreements signed with other interested airlines. Recent…
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Agric in focus: Agric startups lament low local investments
Access to funding may not be a challenge peculiar to farmers alone. This is because startups in the agric space providing modern techniques to boost production in the sector are facing the same challenge. In the following report, some owners of startups within the agric value chain, comment on the issue. Click to listen to…
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Agric in focus: Cocoa farmers seek new livelihoods
Cocoa plays an important role in the economy of Ghana. The cocoa industry employs approximately 800,000 farmers spread over six out of the ten regions of Ghana. The crop generates about 2 billion dollars in foreign exchange annually and is a major contributor to Government’s Revenue and GDP which is the total value of all…
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Impact Enterprises to fetch Ghana$5bn by 2030
Ghana could accrue some US$5 billion from Impact Enterprises by 2030 should government pass policies and provide a regulated environment for such businesses. This is according to UK based consultants of impact investments, the Global Steering Group for Impact investment,(GSG). Impact Enterprises are companies that have the objective to create maximum positive impact on the…