Category: Local Economy
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Domino’s Pizza to commence operations in Ghana
World’s largest pizza company, Domino’s Pizza is set to launch in Ghana to enable customers in the country enjoy the experience. With over 17,100 pizza outlets across the world, the global pizza brand is set to commence operations in Ghana with the first two stores set to open in Accra. A press release issued by…
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Eliminate delays in public service delivery to curb corruption – GII and PEF
The fight against administrative corruption will be a mirage unless it is targeted at eliminating unnecessary delays in the provision of public services. This is part of recommendations made in a report put together by the Ghana Integrity Initiative and the Private Enterprises Federation on using service delivery charters to promote service integrity in Ghana.…
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Policy rate may not change anytime soon – Economist
The monetary policy rate has once again been maintained at 14.5% by the Monetary Policy Committee of Bank of Ghana. This marks the 6th time in the past 12 months that the figure which signals the rate at which the Central Bank will lend to commercial banks has been maintained. In the statement issued by…
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BoG maintains policy rate for 6th time over short-term inflationary pressures
The Monetary Policy Committee of the Bank of Ghana after meeting last week and reviewing recent global and domestic developments, including the outlook for the Ghanaian economy has decided to maintain the policy rate for the 6th consecutive time at 14.5 percent. The maintenance of the policy rate which is of keen interest to businesses,…
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Retirees petition CLOGSAG over payment of past credits by SSNIT
Some retirees have petitioned the Civil and Local Government Staff Association (CLOGSAG) against what they fear are attempts by the Social Security and National Insurance Trust (SSNIT) to short change them. They are accusing SSNIT of luring them to sign acceptance forms for their benefits when there are ongoing negotiations on the payment of past…
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Promoting made-in-Ghana goods: Entrepreneurs share challenges with leading supermarkets
Ghana is one of the top producers of shea butter in the world. Ironically, the nation has not been able to successfully create beauty and cosmetic products out of its shea butter. In June 2019, the research firm Konfidant, released a report that over 90% of products within the Beauty and Cosmetics industry in Ghana’s…
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Bidding for defunct microfinance, S&L firms’ properties ends on March 26
The Receiver of the collapsed microfinance companies and savings and loans firms, Eric Nana Nipah, is reminding the public of the ongoing bidding process for the acquisition of landed properties of the defunct financial institutions. Interested persons or companies have up to March 26, 2021, to put in their bids for some 24 lands and…
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Automate IGF streams to achieve revenue target – Prof. Quartey
In order for government to achieve its set revenue target for the year 2021, it must ensure the automation of all domestic revenue mobilization streams. This is according to Professor Peter Quartey, the Head of Economics Department, Institute of Statistical, Social and Economic Research (ISSER), University of Ghana. According to him, ensuring efficiency in tax…
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Supermarkets discriminating against local egg suppliers – GAPFA
Major supermarkets in the country are being accused of putting in place discriminatory barriers that hinder the ability of local producers of eggs to have their produce on their shelves. The comments come on the back of research conducted by Konfidants, an international business advisory firm, which showed a sharp decline in Made-In-Ghana eggs on…
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Fast-track system upgrade – AGI to GRIDCo
The Association of Ghana Industries has admonished the Ghana Grid Company, (GRIDCo) to hasten its announced system upgrade to prevent any negative effect on operations of industries. Speaking to Citi Business News, Chief Executive Officer of the Association of Ghana Industries, Seth Twum Akwaboah while commending GRIDCo for announcing the upgrade timelines urged the company…