Category: Local Economy
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Togbe Afede XIV urges BoG to introduce measures to deal with rising inflation
The Paramount Chief of the Asogli Traditional Area, Togbe Afede XIV, is urging the Bank of Ghana to speedily put in place measures to curb the continuous rise in inflation in the country. According to him, the current approach is not yielding the expected outcomes. He has thus called for a relook at the approach…
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SEC and West Africa Securities Regulators Association to hold 2nd edition of WACMaC
As part of efforts to foster market integration in the West African sub-region and facilitate cooperation among Capital Markets, the Securities and Exchange Commission (SEC) and the West Africa Securities Regulators Association is set to hold the second edition of the biennial West Africa Capital Market Conference (WACMaC). The West Africa Capital Market Conference is…
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Akufo-Addo worried over impact of fertiliser shortage on poultry industry
President Nana Addo Dankwa Akufo-Addo has expressed concern about the shortage of fertiliser in Ghana and the rest of the continent, and its impact on the production of maize and soy as well as the country’s poultry industry. The ongoing war in Ukraine has left Ghana and the rest of the world not only short…
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6th CEO’s Summit pushes for ease of doing business law to boost economic growth
The Ghana CEO’s Summit is urging government to take a serious look at addressing the bottlenecks embedded in the country’s civil service and craft a framework that will streamline systems for a more efficient delivery of government services. The CEO’S Summit believes that easing business processes like tax filing, business registration and the likes will…
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Chamber of IPPs disappointed over ECG’s tariff increase request
The Chamber of Independent Power Producers Distributors and Bulk Consumers (CIPDiB), has expressed disappointment at the call for an increment in electricity tariffs by the Electricity Company of Ghana (ECG). According to the Chamber, the government has engaged the IPPs to reduce their capacity charges or tariffs to the ECG, to make the price of…
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The seven factors driving high cost of living in Ghana
The average Ghanaian does not need an economics degree to know the economy is going through a very rough patch. They feel it on their commute to work and when shopping for foodstuffs. The Ghana Statistical Service’s figures noted that the continuous increase in food and transport prices across the country has pushed the national…
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Fuel prices to rise marginally in second pricing window of May – IES
Consumers of fuel may have to brace themselves for more shocks in the next couple of days because the Institute of Energy Security (IES) is forecasting a 3 to 6 percent increase in the price of petrol and LPG and 2 percent increase in the price of diesel on the local market. According to the…
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Samuel Dubik Mahama appointed ECG Managing Director
President Akufo-Addo has appointed Samuel Dubik Masubir Mahama as Managing Director of the Electricity Company of Ghana (ECG). He is expected to take over from Kwame Agyeman–Budu who is expected to step down onTuesday, May 17, 2022. Agyeman-Budu was appointed as the managing director of Electricity Company of Ghana, on 3 November 2019. He took…
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Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta
Finance Minister, Ken Ofori-Atta, has stated that government is committed to building an entrepreneurial society to help reduce the imported inflation. His comments come as recent data from the Ghana Statistical Service indicates that the continuous increase in transport fares and food prices across the country has pushed the national year-on-year inflation for April 2022 to…
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Businesses will pass on increased cost of production from high utility tariffs – GNCCI
The Ghana National Chamber of Commerce and Industry (GNCCI) is cautioning that its members would have no choice but to pass on any increases in their cost of production that will arise, as a result of high utility tariffs. The remark follows the recent proposals for tariff increases by the Electricity Company of Ghana (ECG)…