Category: News
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Power to be normalized within five days – Amewu
Ghanaians will have to endure the recent power outages for five more days. This is according to the Minister of Energy, Peter Amewu who blamed the recent outages on technical challenges and the construction of an interchange at Pokuase in Accra. Many parts of the country have been hit with widespread blackout twice this week.…
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Parliament defers passage of GHc2bn for Ghana Amalgamated Trust
The Government’s decision to support five local solvent but undercapitalized banks through the Ghana Amalgamated Trust (GAT) suffered a setback on Wednesday as Parliament deferred the passage of a GHc2 billion cedis sovereign guarantee for use by the Trust. After a debate on the Finance Committee report which recommended its approval by majority decision, the…
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Fuel prices to increase further if cedi depreciation continues—OMCs warn
Oil marketing companies (OMCs) are bemoaning the dire impact the cedi depreciation is having on their operations. The OMCs warn they may be forced to increase their prices at the pumps if the rate of depreciation continues. The local currency has depreciated more than 8.5 percent this year, hitting GHS5.54 from GHS4.99 at the beginning…
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Inflation for February increases to 9.2%
The year-on-year inflation rate regarding Consumer Price Index (CPI) for February 2019, was 9.2% compared to 9.0% recorded in January 2019. The Consumer Price Inflation measures the change over time in the general price level of goods and services that households acquire for the purpose of consumption, with reference to the price level in 2012,…
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Freight Consult supports MOGO for the 3rd time
Freight Consult, a fully accredited customs house agent has urged corporate institutions in Ghana not to relent in their efforts to invest in the country’s creative arts industry. Over the years many stakeholders within the creative arts, from movies to music, artifacts to dance, have bemoaned poor support from government and the private sector as…
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Stakeholders in maritime industry call for Maritime Transport Policy
Stakeholders in the Ghana Maritime Authority are calling for the development of a comprehensive Maritime Transport Policy as soon as possible. According to them, such a policy will streamline activities in the maritime sector—enhancing its contribution to trade. The comments were made at the opening ceremony of the National Maritime Transport Policy Workshop held here in Accra. The…
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RGD pushes for passage of Company’s Act
The Registrar Generals Department (RGD) is calling for the passage of the Company’s Act into law by parliament by the end of the year. The RGD is optimistic the passing of the bill will boost its operations while increasing revenue for the country. The Company’s Act when passed into law will enable the country to…
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Disregard ‘erroneous’ media reports about GRA boss – GRA
The Ghana Revenue Authority has denied reports that the Commissioner-General and two other commissioners of the authority have been removed. According to the GRA, the erroneous impression that the Commissioner General has been ‘cleared out’ of office is untrue. A press release signed by the Assistant Commissioner in charge of public affairs, Kwasi Bobie-Ansah, said…
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Ethiopian Airline crash won’t affect national carrier plans – Aviation Minister
Minister of Aviation, Joseph Kofi Adda says Ghana will continue with its partnership with Ethiopian Airlines to establish a national carrier. According to the Minister, the recent crash of Ethiopian airline flight 302 which claimed the lives of all 157 persons on board, does not negate the good record of the airline. Ghana recently signed…
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Ghana Commodity Exchange signs MoU with Barclays Bank
The Ghana Commodity Exchange and Barclays Ghana, a member of the Absa family, signed a Memorandum of Understanding to cooperate with each other in building a framework for the settlement of trades as well as the provision of financial services to exchange actors. As part of this MOU, Barclays Ghana, the biggest lender to the…