Category: Government
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Customer service very poor in Ghana—Report
A latest Customer Service Index has described customer service delivery in the country as very poor. The survey conducted by the Institute of Customer Service Professionals was carried out across various sectors including Financial, utilities, Telecommunications, Hospitality, Healthcare, Retail malls, Public Institutions and online businesses. It revealed that public Institutions especially utility providers were the…
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Solving Ghana’s land crisis: World Bank gives $35m support
The World Bank has approved a $35 million International Development Association (IDA) to support the Government of Ghana’s efforts in improving services and efficiency at the Lands Commission. This is an additional funding to the second phase of the Ghana Land Administration project (LAP2). It will help improve the effectiveness of the Customary Land Secretariats…
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Court remands uniBank employee over GH₵11.2m fraud
Kwame Osei Yeboah, an employee of the defunct uniBank who was absorbed into Consolidated Bank Ghana Limited (CBG), accused of illegally transferring GH₵11.2 million of depositors’ money to some microfinance companies, has been remanded into police custody by an Accra Circuit Court. He is to reappear on December 4, 2018. Presenting the facts to the…
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GN Bank, Premium Bank in merger talks again
Information available to Citi Business News indicates that GN Bank and Premium Bank have recommenced merger talks. The two banks are seeking to merge before the end of the year. This is also to allow them meet the December deadline for the new 400 million cedis minimum capital requirement. The two companies are likely to…
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adb workers want President to pull breaks on merger with NIB
The Professional and Managerial Staff Union (PMSU) of adb has petitioned President Akuffo Addo to intervene in the planned merger of adb and NIB into one entity. The workers’ union is protesting the creation of a National Development Bank through a merger of the two state owned banks. Meanwhile the Minister of Finance says the government is yet…
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22 banks likely to meet new capital requirement—Consultant
With less than six weeks to the end of the December 31st deadline for banks to meet the central bank’s minimum capital requirement, a banking consultant Nana Otuo Acheampong says he is not expecting more than 22 banks by next year. The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison stated at the…
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Ambitious 2019 revenue less achievable – IFS
The Institute of Fiscal Studies (IFS) has expressed fears over the government’s ability to meet its revenue projection for next year [2019]. The think tank argues that the government will have to work to attract a lot more people to pay taxes if it is to meet the set targets. The concerns raised by the…
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Government starts reform works at GRA
Reform works at the Ghana Revenue Authority (GRA) to improve revenue collection by the facility has begun. The Finance Minister in the 2019 budget announced that the GRA will undergo some reforms to ensure the authority works effectively. The GRA has for several years failed to meet revenue targets. In 2017, the GRA collected GH¢32.4billion…
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Contaminated Chinese drugs will not enter Ghana—Customs
The Ghana customs has allayed fears of possible circulation of contaminated medicine on the Ghanaian market. An alert sent by the Customs Division warned security agencies to look out for drugs and capsules contaminated with human remains. The drugs which were from China were seized by the Border Control Officers of South Korea. A memo…
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We’ll resolve BoG, Communication Ministry impasse over MoMo monitoring – Ofori-Atta
Finance Minister, Ken Ofori-Atta says the seeming impasse between the Bank of Ghana and the Ministry of Finance over the monitoring of mobile money transactions will be resolved soon. Speaking on Point of View on Citi TV, Ofori-Atta said going forward, the Ghana Revenue Authority will come out with ways of gathering such information. He…