Category: Local Economy
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Ghana’s road to economic recovery a difficult one – Kwame Pianim
Economist, Kwame Pianim is doubting government’s ability to improve the country’s economic quagmire within the shortest possible time. He attributes the severity of the challenges to government’s incompetence, corruption, and huge appetite for reckless borrowing, insisting that the government must demonstrate commitment to put these in check. Speaking to Citi Business News, Kwame Pianim said…
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Trade Fair management committed to make facility West Africa’s leading trading hub
The management team of the Ghana Trade Fair Company Limited is committed to converting the trade fair center into a leading trading hub in West Africa. Over the next five years, it aims to complete a project that will host the African Continental Free Trade Area (AFCTA) Secretariat as well as other top-notch facilities. The…
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Trade Minister satisfied with works at Sentuo Oil Refinery
The Minister of Trade and Industry, KT Hammond has paid a working visit to the Sentuo Oil Refinery Ltd. (SORL), touting the project as a good prospect to see to an end Ghana’s refinery problems. The project which is in accordance with government’s “One District One Factory” (1D1F) development policy, will produce/refine 5 Million tons…
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Ofori-Atta hopeful IMF will disburse second tranche of Ghana’s US$ 3 billion bailout
Government is upbeat about Ghana’s receipt of the second tranche of the US$ 3billion bailout from the International Monetary Fund (IMF). Finance Minister, Ken Ofori-Atta believes, Ghana will meet the criteria for the disbursement of the next US$600. This comes after the recent assessment by the Fund’s visiting staff. Government expects the second tranche in…
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Second phase of PFJ initiative must check over-reliance on cereal importation – Poultry farmers urge govt
The Poultry Farmers Association of Ghana is impressing on government to as a matter of urgency use the phase two of the planting for food and jobs initiative reduce the instances of cereal importation by its members to feed their birds. This comes on the back of an earlier announcement by government to prioritize the…
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Apparel manufacturers call for increased investments to boost industry
The Ghana Apparel Manufacturers Association is asking government to prioritize investment in the industry to make the country the preferred apparel manufacturing hub. The group which is largest apparel-based business advocacy organization in Ghana says given the right support, it will be able to produce t-shirts on large scale to support other sectors including players…
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Bagbin urges Ofori-Atta to present mid-year budget review before July 27
The Speaker of Parliament, Alban Bagbin wants the Finance Minister, Ken Ofori-Atta to consider presenting the Mid-year budget review before July 27, 2023, as the House intends to adjourn sine die on August 3, 2023. The Majority Leader, Osei Kyei-Mensah-Bonsu had earlier announced that the mid-year budget presentation was scheduled for July 27 with the…
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Printing press operators bemoan low sales; blame emergence of QR codes
Players in the printing industry have expressed their concern over a decline in sales, which they attribute to the emergence of Quick Response codes (QR codes) and the high cost of production, including utility tariffs. Accra Newtown is a hub of almost all printing demands from books, posters, invitation cards, t-shirts, branded souvenirs, banners, calendars,…
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CJ advocates for comprehensive framework to promote sustainable blue economy
Chief Justice, Getrude Torkonoo is advocating for Ghana to establish a comprehensive legal, regulatory, and institutional framework that promotes the responsible utilization of the blue economy. Emphasizing the significance of adapting to global economic changes, she highlighted the importance of implementing measures to harness the potential of the marine environment for sustainable development. She made…
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Maxwell Investments & Jospong Group partner to build capacity of procurement professionals
As part of efforts to ensure stakeholders within the procurement and and logistics industry are equipped with the necessary tools to work efficiently, Maxwell Investments Group have collaborated with the African Institute of Sanitation and Waste Management to build the capacity of some businesses within the sector. The move, according to the companies is also…