Category: Local Economy
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GUTA cautions against reversal of 50% reduction in benchmark values
The Ghana Union of Traders Association (GUTA), is cautioning government against any attempt to reverse the 50% reduction in benchmark values. The warning, according to GUTA, follows attempts by the Association of Ghana Industries (AGI) to get government to cancel it. Benchmark values are reference values that Customs uses in determining taxes and duties on…
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Enforce retail laws to prevent chaos in markets – GUTA to government
The Ghana Union of Traders Association, (GUTA) is calling for the Presidential Committee on Foreign Retail Trade to as a matter of urgency resume operations and prevent foreigners from operating in the country’s retail space. According to GUTA its members will not hesitate to take matters into their own hands if the committee does not…
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USDA–GPP, ADB & more stakeholders partner Agrihouse for 3rd LiPF tradeshow
Agrihouse Foundation, in partnership with the United State Department of Agriculture (USDA) – Ghana Poultry Project (GPP), is set to host the third edition of the Livestock, Poultry and Fisheries Tradeshow (LiPF), in Accra, at the Afua Sutherland Children’s park, from Friday, 21 May to Saturday, 22 May. The two-day training and exhibition tradeshow, which…
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National ID card has paved way for SIM re-registration – George Andah
A former Deputy Minister for Communication, George Andah has defended the delay in the re-registration process of SIM cards in the country. The re-registration window was initially scheduled to begin in January 2020 till June 2020 with the aim of fighting fraud and other related crimes in the country. However, Mr. Andah explains that for…
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Reduce cost of power to curb beverage price hikes – Association appeals
The Food and Beverages Association of Ghana has called on government to halt any increases in the cost of electricity and water, to prevent another increase in the prices of beverages in the country. The remarks come on the back of recent increase in the prices of some alcoholic beverages by as much as 20%…
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Aker Energy to submit revised plan of development to Government of Ghana
Two years after its initial Plan of Development to facilitate the optimization of the Deepwater Tano/Cape Three Points (DWT/CTP) block was rejected by government, Aker Energy is set to submit a revised plan of development to government by the end of this year. This was disclosed in a press statement issued by Aker Energy Ghana…
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BudgIT Ghana urges government to address economic hardships
Civil Society Organization, BudgIT Ghana, has noted with great concern the “FixtheCountry” campaign by some Ghanaian youth dissatisfied with the country’s state of affairs. While acknowledging the economic hardships induced by the Covid-19 pandemic, we urge government to take immediate steps to address some of the key concerns which predate the health crisis. Efforts should…
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Akufo-Addo is special guest of honour at 5th Ghana CEO Summit
President of the Republic Nana Addo Dankwa Akufo-Addo will be the special guest of honor at the 5th Ghana CEO Summit. The event, which is the foremost business conference for CEOs, business leaders, entrepreneurs, investors and policy makers, is to be held on 17th and 18th May, 2021 at Kempinski Hotel Gold Coast City in…
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National Development Bank to commence operations by July ending – Ofori Atta
The National Development Bank is set to commence operations by the end of July 2021. This is according to the Finance Minister, Ken Ofori-Atta. According to him, government has now been able to raise the required seed capital of over 500 million dollars for the financial institution to fully begin operations. It will be recalled…
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Government to introduce eight new interventions to fix economy – Ofori -Atta
Finance Minister Ken Ofori-Atta has stated that government will in the coming days roll out eight new inventions under the COVID-19 Alleviation and Revitalization of Enterprise Support initiative also known as the Ghana CARES program to fix the Ghanaian economy. This comes after members of the #FixTheCountry movement expressed displeasure over successive government’s failure to…