Category: News
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Ghana’s oil production estimated to go up substantially
Aker Energy ASA has confirmed a significant offshore resource base in Ghana and has committed to scale up new development in the Deepwater Tano Cape three points block (DWT/CT). A Government of Ghana delegation led by Finance Minister, Honourable Ken Ofori-Atta, Wednesday announced to investors in Oslo, Norway, that overall crude oil production from Ghana…
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GCAA starts investigations into extortion, coercion at KIA
The Ghana Civil Aviation Authority (GCAA) has commenced an investigation into some reported extortion of money on passengers at the Kotoka International Airport(KIA). The authority described the alleged acts as highly unprofessional, unethical and unacceptable. A statement copied to Citi Business news assured that the Ghana Airports Company Ltd has been directed to put in…
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Communications Ministry, other parties to sign MoU on MoMo data to Kelni GVG
The Communications Ministry says it has reached an agreement with the Finance Ministry, Bank of Ghana and the National Communications Authority on which aspects of mobile money data will be released to Private Contractor, Kelni GVG. The Communications Ministry last year requested that the BoG released volumes and values of mobile money transactions to Kelni…
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Rating agency Fitch confident of Ghana hosting VW plant
Ratings Agency Fitch says Ghana has the required infrastructure to welcome Germany manufacturing car company VW to fully operate in the sub region. Per a report by the ratings Agency, Ghana is developing quickly and at a fast pace which only goes to show that VW will be better placed in the country. According to…
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10 Ways To Create a Home You Love
Introduction This Valentine’s Day don’t just share love with your significant other but spread some of that love to the place you live, by creating a space you would never want to leave. GHL Bank shares easy tips on how to do that. 1.Create a welcoming entrance First impressions count and there’s no better way…
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Airbus scraps A380 superjumbo jet as sales slump
European aircraft manufacturer Airbus has pulled the plug on its struggling A380 superjumbo, which entered service just 12 years ago. Airbus said last deliveries of the world’s largest passenger aircraft, which cost about $25bn to develop, would be made in 2021. The decision comes after Emirates, the largest A380 customer, cut its order. The A380…
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EU adds Saudi Arabia to dirty-money blacklist, upsets UK, U.S
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The European Commission added Saudi Arabia, Panama and four U.S. territories to a blacklist of nations it considers a threat because of lax controls on terrorism financing and money laundering, the EU executive said on Wednesday. The move is part of a crackdown on money laundering after several scandals at EU banks, but it has…
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New regions; GSS collating data on inflation
The Ghana Statistical Service (GSS) has revealed that it is working closely with the Ministry for Regional Reorganization and Development to get the needed data, in order to calculate inflation figures for the newly created regions. According to the Acting Government Statistician, David Kombat such figures will be made available in the medium to long term.…
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Val’s Day: Consumption of locally made chocolate still low as Ghana marks ‘Chocolate Day’
The consumption of locally made chocolate remains low despite the celebration of the National Chocolate Day for over a decade. According to the Cocoa Processing Company(CPC), Ghanaians consume only 400 grams of chocolate daily compared other developed countries that consume twice the number. In Ghana, the Val’s Day is called the National Chocolate Day with…
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PEF bemoans delays in permit acquisition for businesses
The Private Enterprise Federation (PEF) has stated that businesses will be able to acquire permits and other relevant documents faster and easier with the completion of its draft Service delivery charters. According to PEF, most businesses face a major issue of permit acquisition delays which stifles their productivity. A research work commissioned by PEF revealed…