Category: News
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Cedi records poorest performance in November 2018
The local currency, the cedi, witnessed its weakest performance in November 2018 compared to the same period in 2017; a Bank of Ghana report has shown. The cedi, in relation to the dollar, recorded a depreciation of 7.82 percent as at Thursday, November 22, 2018. This was after a two month downward performance of the…
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Compromising on rules could collapse financial sector—Senior Minister
Senior Minister Yaw Osafo Maafo has warned that Ghana’s financial system could face an imminent collapse if industry personalities continue to compromise the rules and regulations put in place to protect the system. He made the comments at the Securities and Exchange Commission’s(SEC) 20th anniversary Dinner and Awards Night here in Accra. The Securities and…
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Ghana’s debt increases to 170.8 billion cedis – BoG
Ghana’s total debt stock has reached 170.8 billion cedis as at September 2018. A summary of economic figures released by the Bank of Ghana shows that between July and August 2018, the country added 11.4 billion cedis to its debt stock. But calculating this as a percentage of GDP, Ghana’s debt represents 57.2 percent. The…
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GRA must open more offices to make TIN registration easier—Consultant
Tax consultant Abdallah Ali Nakyea has called on the Ghana Revenue Authority to open more offices across the country to help speed up the issuance of Tax Identification Numbers (TIN) and also help with effective revenue mobilization. His comments follow several complaints by some Ghanaians in their attempt to secure their TIN. While some say they’ve been…
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PPA improving standards in Ghana’s procurement system
Ghanaian public and private businesses will continue to lose out on the benefits of an effective procurement system if standards are not improved immediately. That’s according to the Director of Compliance, Monitoring and Evaluation at the Public Procurement Authority(PPA) Eric Appiah. He was speaking at a Procurement Masterclass Workshop organized by the Ghana-Israel Business Chamber…
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GGBL relaunches legendary ABC lager beer
Guinness Ghana Breweries Limited (GGBL) has relaunched Ghana’s beloved beer brand, ABC Golden Lager Beer unto the market. Noted for its unique refreshing taste, ABC Golden Lager Beer was first launched about 45 years ago. The new ABC Golden Lager Beer is positioned as the beer for the celebration of the joy of life and…
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MTN wins 17th edition of Ghana Club 100 Awards
Scancom Ghana Limited, owners of MTN has been adjudged the best company at the 17th edition of the Club 100 awards event. Ghana Oil Company, GOIL came second with Goldfields Mining Company placing third. The Club 100 Awards is a prestigious event that is used to acknowledge the hard work, growth and contribution of corporate…
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AGI commends gov’t ambitious plans for 2019
The Association of Ghana Industries (AGI) has lauded government’s industrialization drive as presented by the Finance Minister on the floor of parliament during the presentation of the 2019 bugdet. The AGI says the move is commendable but urged the government to work to see the plan through. While addressing members of the AGI at their…
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Citi FM, Bernard Avle pick up awards for promoting corporate governance
Citi FM has been awarded for its tremendous efforts in promoting accountability and good corporate governance. General Manager of Citi FM, Bernardino Koku Avle, who is the 2017 GJA Journalist of the year, received the award on behalf of the company, before receiving a personal award at the National Conference and Awards ceremony of the…
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Henson Geodata Technologies wins tech award in South Africa
Henson Geodata Technologies Ltd (HGT), a Ghanaian registered GIS technology company was awarded the second runner up Prize out of 20 finalists at the Grand finale of the Feed the Future Fall Armyworm TechPrize held in Cape Town South Africa on 14 November 2018. It crowns a strongly contested competition for digital tools and approaches…