Category: Local Economy
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Government urged to provide roadmap for delivering one million jobs agenda
Labour analyst, Senyo Agyabeng, has urged the government to provide a roadmap for delivering its one million jobs agenda. In Ghana, available data indicates that 600,000 people out of the total labour force of over 12 million are not employed. Analysts have warned that the figure may go up if interventions are not put in…
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Government urged to create regulatory framework to ensure success of vaccine production
Ghana’s vaccine production efforts will not be successful if it does not create a favourable regulatory environment to enable it deliver safe and effective vaccines within the African sub-region. This is according to the President and Founder of Mpedigree, Bright Simons. President Nana Akufo-Addo, during his 26th update on measures taken to reduce the rising…
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Insurance for mobile money agents currently necessary – NIC Boss
Commissioner of Insurance, Dr. Justice Ofori has encouraged mobile money agents to consider getting insurance following the growing incidence of attacks in their line of work. The Mobile Money Agents Association of Ghana has in recent times expressed concern over the incessant robbery attacks on agents, saying their line of business is currently one of…
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Government to digitalize fertilizer distribution to curb smuggling – Ofori-Atta
Government says it is rolling out measures to digitize the distribution of fertilizer in the country. In recent times fertilizer smuggling has become the order of the day as the Planting for Food and Jobs Secretariat reported that the country lost a whopping GHS120 million from unaccounted for fertilizer, diversion of coupons and fertilizer smuggling…
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Government collects GHS28.3 billion in 1st half of 2021; misses target by 13%
Government has missed its half-year revenue target by about 13%. Total Revenue and Grants from January to June this year amounted to GHS 28.3 billion as against a programed amount of GHS 32.4 billion. The government performed better on the expenditure front as it fell short of its programmed amount by about GHS 5 billion,…
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New Board takes office to steer affairs of Ghana Grid Company
The Ghana Grid Company has sworn into office, a new Board to oversee its affairs. The new composition comes at a time of rapid development and growth in the power sector, with key projects currently underway to establish consistent power supply and delivery across the country. The Board is led by His Excellency, Ambassador Kabral…
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Mid-Year budget review: Poultry farmers in Ashanti Region advocate for insurance scheme
Ahead of the mid-year budget presentation by the Finance Minister, Ken Ofori-Atta, poultry farmers in the Ashanti region, are calling for a poultry insurance system to be initiated to support their members. They believe this will provide security to poultry farmers during outbreaks and also make financial institutions comfortable in dealing with them. In an…
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Ghana’s economic outlook improving but with significant uncertainty – IMF
Despite Ghana’s gradual recovery from the COVID-19 shocks, the economy is still facing some significant uncertainty, including new pandemic waves and risks associated with large financing needs and increasing public debt. This is according to the concluding statement of the International Monetary Fund’s Executive Board following the end of Article IV Consultation with Ghana. According…
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COCOBOD partners GAAS to conduct research into cocoa for treating life-threatening infections
Ghana Cocoa Board (COCOBOD) is collaborating with some fellows of the Ghana Academy of Arts and Sciences (GAAS) to conduct research into components of cocoa that can aid in the management of some life-threatening infections and metabolic diseases globally. The research forms part of COCOBOD’s programme to increase the usage of cocoa beyond the confectionery…
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Government must review fertilizer subsidy programme – Chamber of Agribusiness
The Chamber of Agribusiness, Ghana, is asking government to take a second look at its fertilizer subsidy programme as it is not serving its intended purpose. This comes after suppliers of fertilizer for the Planting for Food and Jobs programme halted distribution of the product in April 2021 due to debt owed them by the…