Category: News
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Ghana engages more foreign trade missions to boost FDI
As part of efforts to achieve Ghana’s $10 billion dollar foreign direct investment(FDI) target for 2018, the country has in the past few weeks hosted different Trade Missions from a number of countries including Slovenia, Turkey and Belgium. All the trade missions have made it an objective to first of all find local partners in…
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India central bank governor resigns amid rift with govt
India’s central bank governor unexpectedly resigned amid public clashes with the government, roiling markets and igniting fresh speculation over how independent the institution is from politics. Urjit Patel quit, citing “personal reasons,” ahead of a board meeting on Friday, at which government representatives are expected to push the Reserve Bank of India to do more…
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Ameri welcomes Amewu’s ‘enhanced’ agreement
Ameri Energy has demonstrated its willingness to work with the government of Ghana on the new agreement it has brought forth. CEO of Ameri Energy, Mustafa Ahmed said in a statement: “We are always happy to address any misconceptions about our work and we’ve engaged in a constructive dialogue with the government and all stakeholders.…
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World cocoa supply surplus to grow in 2019
The global cocoa market will see a supply surplus of 71,900 tonnes in the current 2018/19 year, on the back of last year’s smaller surplus, Connecticut-based brokerage JSG Commodities said on Thursday. That follows a surplus of 21,620 tonnes last year reported by the International Cocoa Organization. World production is expected to be 4.81 million…
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Energy Commercial bank, First Atlantic Bank to merge for GH¢400m capital
Energy bank and First Atlantic bank have begun merger talks in order to raise the 400 million cedis minimum capital requirement for banks. Citi Business News understands that a Memorandum of Understanding (MoU) has been signed awaiting further action from the two sides. Per the MoU, Energy Commercial Bank and First Atlantic Bank will join…
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35 businesses tipped for stimulus package – President Akufo Addo
At least thirty-five [35] companies are expected to receive financial support under the government’s stimulus package program for businesses. The support should help the businesses revive and expand their operations as well as create jobs. The stimulus package forms part of the pillars on which the government intends to develop private businesses. Shortlisted businesses were…
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Ghana to have beneficial ownership register in 2019
Ghana should have an electronic beneficial ownership register in place by the end of 2019. This is according to the Registrar-General Jemimah Oware. The Registrar General says the presence of a beneficial ownership register will help unmask the real owners of businesses that are registered under the law. It will also ensure more transparency, accountability and…
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Ghanaian Engineers urged to champion solar power
Automation Ghana Limited has called on engineers and power producers in the country to adopt solar energy in their operations. The call comes at a time where the company’s subsidiary Process and Plant Automation Limited has partnered Chint Electric which is a global leader in the manufacture of electrical and energy efficiency management solutions based…
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Cocoa companies fail on pledge to stop Africa deforestation – report
Major chocolate companies have failed to keep a promise they made a year ago to stop forests in West Africa being destroyed for cocoa production, a campaign group said on Friday. Companies from Mars to Hershey to Barry Callebaut joined the governments of Ivory Coast and Ghana to launch the Cocoa and Forests Initiative last…
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Capemay Properties unveils 209 Signature Apartments
Capemay Properties a subsidiary of the Kasapreko Group Limited has unveiled an audacious 209-room apartments projects codenamed, ‘’The Signature Apartment’’ at a ceremony in Accra, Ghana. CAPEMAY Properties, a full services Real Estate Company focused on delivering quality buildings at competitive prices, good rental yield for investors and excellent customer service is the first real…