Category: Local Economy
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Telecommunications Chamber, BoG intensifying efforts to curb mobile money fraud – Dr. Ashigbey
The Ghana Chamber of Telecommunications says it is working extensively with the Bank of Ghana to implement multiple strategies, in a bid to clamp down on mobile money fraud, which has in recent times led to a massive loss of funds of some businesses and individuals. According to the World Bank, the rapid growth of…
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Too much anxiety negatively impacting Cedi performance – Prof. Peter Quartey
Director of the Institute of Statistical, Social and Economic Research, at the University of Ghana, Prof. Peter Quartey has cautioned against heightened anxiety around the local currency. According to him, too much anxiety will lead to speculation about the currency which could fuel further depreciation. The Cedi has depreciated significantly against its major trading currencies…
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IES predicts petrol prices may soon cross GH¢9
The Institute of Energy Security (IES) is forecasting a 9% and 5% increase in the prices of Diesel and Petrol respectively by the end of March 2022. The Institute of Energy Security is also predicting prices of Liquefied Petroleum Gas and Petrol could go up by 3% by the end of March 2022. According to…
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No certification, no compensation – Agric Ministry to poultry farmers
Dr Owusu Afnyle Akoto, the Minister of Food and Agriculture (MOFA), says the Government will destroy and not pay compensation to poultry farmers whose falms are affected by future viral attack if they fail to obtain certificate from the Ministry. Also, farmers who import or move day-old chicks to any part of the country without…
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Stakeholders in construction industry lament increase in prices of iron rods
If you are building or involved in a building project, I am sure you have realised that the prices of one critical component in the building process, iron rods, have increased in recent times. Iron rods are considered critical materials in building construction, due to the fact that shortfalls in quantity or quality of the…
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Elsie Awadzi calls for inclusive approach to promote women’s access to finance
Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi is calling for a more inclusive approach to promote as part of the country’s financial inclusion strategy. According to her, with high penetration of mobile money and increased digital payments, Ghana is well-positioned to become a financially included society in the medium-term and also…
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Aker Energy and its Joint Venture Partners award ¢3.1m scholarship to 71 students to pursue tertiary education
Aker Energy’s student scholarship initiative, Aker Inspire Scholarship Program (AISP), has awarded full scholarships worth ¢3,164,000 to 71 students to pursue various courses at tertiary institutions across the country. The AISP targets brilliant students from low-income households mainly from the coastal districts of the Western Region where its Exploration, Development and Production activities are based.…
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New benchmark discounts: Cost of imported cars to go up this month – Automobile Dealers
The cost of imported used vehicles is likely to rise from this month onwards as a result of the revision made to the level of discount applied to the benchmark values for cars. This is according to the Automobile Dealers Union Ghana. March 1, 2022, marked the successful commencement of the application of the 10%…
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Ghana to engage global investors at Dubai Expo
Ghana is poised to showcase its immense investment opportunities to the international business community, on its National Day, slated for March 8, 2022, at the ongoing Dubai Expo. The country’s contingent will on the day, highlight government’s commitment to promote creativity, and display the huge prospects in critical sectors such as manufacturing, health, tourism, agriculture…
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Gov’t could struggle if revenue measures aren’t supported – John Kumah
A Deputy Finance Minister, John Kumah says it may get to a time that government may not be able to fulfill some critical payment obligations if its revenue mobilization measures including the Electronic Transfer levy, also known as the E-levy are not supported. The Electronic Transfer Levy is one major component within the 2022 budget…