Category: Government
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GRA arrest four persons for diverting goods
The Ghana Revenue Authority (GRA) has arrested four people for diverting duty free goods released for export in Paga to Nungua, Accra. Briefing the media on the development of the arrest, the Commissioner General of GRA, Mr. Emmanuel Kofi Nti said, a vehicle with the registration number, GT 5160-12 was carrying a 300,000 cartons of…
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Gold Coast Pays 3,000 Structured Finance Customers
Gold Coast Fund Management, last week started payments to its Individual Structured Finance (SF) clients nationwide. This payment comes ahead of the planned schedule for the official installment payments due to begin on March 1, 2019 over a three year period. Gold Coast Fund Management had earlier issued a statement informing its customers of a…
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‘Pure Water’ price goes up today as some consumers express disquiet
Some Ghanaians have spoken against the expected increase in price of sachet water from today November 12, 2018. According to them, the increase the price of a bag of sachet water will only add on to the already high cost of living in the country. The National Association of Sachet and Packaged Water Producers (NASPAWAP)…
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Zenith Bank records growth in Total Assets
The nine months unaudited Financial Statement of Zenith Bank has shown that the bank’s stated capital hit 400 million cedis by 30th September, meeting the minimum capital requirement ahead of the deadline by December 31st 2018. Earlier, the Chief Executive Officer of the Bank, Henry Oroh had indicated that the bank had raised the capital…
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GHS1.4 billion interbank investments locked up in CBG
A total of 1.4 billion cedis belonging to other financial institutions is locked up with the Consolidated Bank as management of the bank says it does not have the cash flow to pay bulk depositors. Some of the customers are financial institutions including Microfinance and Savings and Loans Companies who were saving with the five…
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‘Align your CSR to government’s policies’– Business Dev’t Minister
Minister for Business Development, Mohammed Awal, has charged businesses in the country to align their Corporate Social Responsibility (CSR) projects to that of government policies to enhance development of the country. Dr. Awal want businesses to give graduates the opportunity to get training in their organizations as part of their CSR projects. This he says…
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President Akufo-Addo reiterate the need for relevant policies
Ahead of the 2019 budget reading on Thursday [November 15, 2018], President Akufo Addo has said he is confident that the continuous adoption of appropriate policies by his government would enable them achieve their set objectives. The president made the comments on a panel discussion at the 2018 Africa Investment Forum in Johannesburg, South Africa.…
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GSA calls for collaboration to strengthen paperless system
The Ghana Shippers Authority(GSA) has called for a collaborative effort among all shippers to further strengthen the paperless system at the ports. The paperless system, which was implemented a year ago was to reduce human interactions which leads to various forms of corruption. Addressing a gathering on a forum on paperless port project, the Chief…
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ACEP cautions GOIL on Exxon Mobil deal
The Africa Centre for Energy Policy (ACEP) has cautioned the Ghana Oil Company Limited (GOIL) to ensure that it puts in place the necessary measures to absorb any risk that may arise from its partnership with Exxon Mobil. GOIL is set to become ExxonMobil’s local partner as it begins full-scale exploration for oil in Ghana’s…
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Guyana, Ghana, and Tanzania to sign open skies air services agreement
Guyana is expected to sign Air Services Agreements (ASA) with Tanzania and Ghana later this month to pave the way for any airlines that might be interested in flying between Africa and South America, a senior official of the Guyana Civil Aviation Authority (GCAA) announced Wednesday. GCAA Director of Air Transport Management, Saheed Sulaman said…