Category: Local Economy
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Deliberate review of workplace policies needed to push deserving women into leadership – 2nd Deputy Governor
Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi is pushing for a deliberate review of workplace policies and processes for hiring and performance management to ensure that well-deserving women get a fair chance to top leadership positions. According to her, shareholders must intentionally ensure gender equity in top management compositions of organisations…
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Gov’t spends GH¢5.1 Million in training 149 Ghanaians for petroleum sector jobs
The Petroleum Commission has charged beneficiaries of government-sponsored training programs in the upstream petroleum sector to commit to working in Ghana after graduating. The remarks follow the graduation of 149 Ghanaians after six months of hands-on technician training, to enable them to work in the Petroleum industry. Speaking at the graduation ceremony of the students…
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Panelists at US-Ghana Alumni programme discuss socio-economic prospects amidst the COVID-19 pandemic
Government has been urged to do more to tackle the devastating social and economic dimensions of this COVID-19 pandemic, with a focus on the most affected: women, the youth, low-wage workers, small and medium enterprises among others. This is according to the panelists at the maiden U.S.-Ghana Alumni Association (USGHAA) stakeholder forum on socioeconomic prospects…
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Opoku-Ahweneeh Danquah takes over as GNPC CEO from Dr. K.K Sarpong
The Deputy Chief Executive Officer at the Ghana National Petroleum Corporation (GNPC), in charge of Technical Operations, Opoku-Ahweneeh Danquah, has taken over from Dr. Kofi Koduah Sarpong as the new chief executive officer of the company. Dr. K.K Sarpong, is expected to step down as the chief executive officer of the company later this week…
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Prof. Ebo Turkson appointed to BoG’s Monetary Policy Committee
The Bank of Ghana has appointed Professor Festus Ebo Turkson, as an external member of the Bank of Ghana Monetary Policy Committee (MPC). Professor Turkson replaces Dr. John K. Kwakye who retired as an External Member of the MPC having served the statutory term limit A statement issued by the Central Bank notes that his…
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EIU’s prediction on local currency is over-ambitious – Economist
Economist with Databank, Courage Boti has described the projection made by the Economist Intelligence Unit (EIU) on the local currency as somewhat over-ambitious, given the current economic conditions and the instability of the Ghana cedi in recent times. In its latest assessment of the Ghanaian economy, the London-based organisation projected a further weakening of the…
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Stakeholders urged to ramp up education on E-levy ahead of 1st May start date
With about 10 days to go, to the highly anticipated implementation of the Electronic transfer Levy (E-Levy) by the Ghana Revenue Authority, the Ghana Chamber of Telecommunications, is calling for a ramping up of education by the various stakeholders on the project to ensure the public is adequately informed. The levy of 1.5 % on…
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Local currency to hit GHS7.87 against the dollar by end of 2022 – EIU Report
London-based economic and political analysis firm, the Economist Intelligence Unit (EIU), has predicted that the Ghana cedi will hit GH¢7.87 to $1 by the end of this year. This comes months after the cedi experienced some depreciation against the dollar in the first quarter of the year 2022. Already, data from the Central Bank shows…
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Registrar General’s Department to increase penalty for late filing of annual returns
The penalty for late filing of annual returns for companies will be increased from GH¢450.00 to GH¢500 effective 30th June 2022. This is according to the Registrar General, Jemima Oware. This increment would apply to all company entities, namely Public/Private Companies Limited by shares, public/private companies limited by guarantee (Churches, Schools, Unions, Associations, Clubs etc.)…
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Economist predicts further hikes in inflation rate
Economist, Dr. Patrick Asuming, is forecasting higher inflation rates in the country in the coming months before it takes a downward turn. According to him, this is due to current market developments. National inflation has hit 19.4% in March 2022, the highest since 2009. The rate is 3.7 percentage points higher than the 15.7 percent…