Category: Top Stories
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NCA rolls out punitive measures against persons yet to re-register SIM cards
Persons who are yet to commence re-registration of their SIM cards or yet to fully complete the process will begin to experience interruptions in their service till the end of the month. Such users should expect to finally be blocked by the end of the month if they fail to do so before the deadline.…
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Dr. Atuahene attributes Fitch’s downgrade of banks to Ghana’s overall economic performance
Banking and corporate governance consultant, Dr. Richmond Atuahene, has attributed the downgrade of three domestic banks by Fitch Ratings agency to the overall economic performance of the country. He explains that the overdependence on government bonds and bills which has been underperforming for some time now has put them in this state. On August 22,…
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Government urged to review agricultural policies to boost food production
The Chamber of Agribusiness Ghana is calling for a relook at government agricultural policies as part of efforts to enhance food production in the country. The Chamber insists that most of government’s policies and interventions have not yielded the desired results. Speaking in an interview with Citi Business News, Chief Executive Officer of the Chamber,…
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Sanctions for unregistered SIM cards to begin today
SIM card users in Ghana who have not re-registered their SIM Cards will start facing punitive actions from Monday, September 5, 2022. According to a document from the National Communications Authority, the initial punitive measures will include the re-routing of outgoing calls for special messages to be played. Some numbers will also be blocked…
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Afreximbank approves USD 50 million for Prime Meridian Docks Ghana Limited
The Executive Committee of the Board of Directors of African Export-Import Bank (Afreximbank) in Cairo has approved senior debt funding of USD 50 Million for Prime Meridian Docks Ghana Ltd (PMD). This is to form part of a USD 75 Million syndicated project-finance facility for the company’s maritime infrastructure project. The funding is to support…
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Investment in technology critical to economic growth – Elsie Addo Awadzi
Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi has underscored the need for more investments to be made in technology to ensure economic growth. Madam Elsie Addo Awadzi believes though the COVID-19 pandemic gave rise to the use of technology, there are some gaps in access to it. Delivering her speech as…
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About 6.4 million Ghanaians simultaneously food insecure and poor – GSS
The Ghana Statistical Service (GSS) has revealed that about 6.4 million Ghanaians are simultaneously food insecure and multidimensionally poor. This represents 20.8 percent of the total population of Ghana. According to the Service’s 2022 Annual Household Income and Expenditure Survey, 13.6 million people, 44.1 percent of the population, were found to be multidimensionally poor in…
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Almost 50% of Ghana’s population experiences food insecurity – GSS Survey
Data from the 2022 Annual Household Income and Expenditure Survey has revealed that 49.1 percent of the Ghanaian population was food insecure in the first quarter of the year. This represents 15.1 million of the 30.8 million persons in Ghana. The percentage however dropped by 7 percentage points to 42.1 percent in the second quarter;…
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Ghana EXIM bank launches GEXIM MiG town
The Ghana Export-Import Bank (GEXIM) on Tuesday 30th August 2022 launched its first GEXIM Made-In-Ghana (MiG) Town at its head office, located at the Africa Trade House in Accra, opposite Cedi House. The GEXIM MiG Town is an outlet that stocks assorted, innovative and well packaged Made-In-Ghana products including food and ingredients, beverages, skin and…
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Fuel prices to go up between 5% and 10% – IES
Consumers of petroleum products should expect fuel prices to go up between 5% and 10% at the various pumps across the country from September 2022, According to the Institute for Energy Security, IES, this will add close to 70 pesewas to the current prices. Currently, a litre of petrol is going for about GHS11 on…