Category: News
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Stanchart urges investors to focus on bonds in 2019
Standard Chartered Bank Ghana as part of its outlook for 2019 has urged investors to focus largely on bonds to reap the best returns. Engaging the media on the Bank’s 2019 Global Outlook and its Wealth Offerings in Accra, Head of Wealth Management at the Standard Chartered Bank, Setor Quashigah called for prudent investment which…
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Low financial support affecting local firms in petroleum sector—ACEP
The Africa Centre for Energy Policy (ACEP) has reiterated calls for improved financial support for local companies in the petroleum sector to enable Ghanaians undertake opportunities in that sector. As at September 2018, there were about 600 indigenous Ghanaian companies participating in the upstream petroleum industry with a total fund of $799 million dollars’ worth…
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Current state of TOR cannot attract required private investor—Analyst
Energy Analyst Ishmael Agyekumhene has expressed doubt about the ability of the Tema Oil Refinery (TOR) to operate fully should private investors get involved. He believes more needs to be done to revamp the nation’s only oil refinery. The Tema Oil Refinery, with a capacity to refine roughly 45,000 barrels of crude oil a day,…
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MESTI seek $2 billion to fight climate change issues
The Minister for Environment, Science, Technology and Innovation (MESTI) Professor Kwabena Frimpong Boateng says his outfit is seeking to attract over 2billion dollars to fight climate issues in Ghana. This the minister says will be done through innovative policies, programes and projects. Ghana has been confronted with serious and complex environmental challenges, despite various interventions…
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GCB Bank adjudged the best bank in CSR
GCB Bank has been adjudged the best Bank in Corporate Social Responsibility (CSR) activities for the year 2018. According to a research conducted by the Centre for Media Analysis (CMA), a private and independent media and communication research agency, GCB’s CSR projects targeted and made positive impact on the life of people, communities and the…
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Article: Value Addition in Africa is futile; unless coupled with increased Intra-Africa Trade
Studies show that a substantial share of Africa’s regional trade is informal, on the order of 30% to 40%. This informal trade is pervasive for agricultural goods as well as many industrial goods – most of which are imported from Asia, North America and Europe. Ghana’s president H.E Nana Akuffo Addo, has impressed on the…
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Delays in ECG takeover hampering announcement of new tariff
Citi Business News has gathered that the delay in the announcement of new electricity tariffs by the Public Utilities Regulatory Commission (PURC) on 1st of February, was as a result of the delayed takeover of the Electricity Company of Ghana (ECG) by the Power Distribution Services (PDS) Ghana Limited. In addition to this was the ongoing…
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Dubai to contribute US$269 billion to UAE through 5G technology
Dubai to contribute US$269 billion to UAE through 5G technology. Dubai’s aim of rolling out 5G network is to give the region revenue to the tune of 269 billion dollars.I According to tech giant Huawei, the money will rake in over the next ten years. The revenue will also benefit the entire Middle East’s ICT…
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GTA launches 2019 National Chocolate Day to mark Val’s Day
The Ghana Tourism Authority(GTA) has launched the 2019 National Chocolate Day and National Tourism Awards. The Ministry of Tourism in collaboration with Ghana Tourism Authority, the Ghana Cocoa Board, the Cocoa Processing Company and the Chef Association of Ghana redesigned Valentine’s Day to Chocolate Day in 2005. This was to change the widely held perception…
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Lands Ministry directs Ghana Manganese Company to stop work
The Ministry of Lands and Natural Resources has directed the Ghana Manganese Company to stop mining operations by 15th February to allow for financial and technical audit of the company’s operations. The directive is part of moves to get state-owned enterprises to be accountable. In a letter signed by the Minister of Lands and Natural…