Category: Top Stories
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Importers of organic fertilizer to Ghana urged to look for local alternatives
As the Russia and Ukraine war disrupts the supply of fertilizer to Ghana and other parts of the world, the Ministry of Food and Agriculture has called on importers of organic fertilizer to consider procuring their raw materials from Ghana. According to the ministry, the current demand for organic fertilizer stands at 30,000 metric tons…
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Access bank holds 14th annual general meeting
Access Bank (Ghana) Plc has recorded an impressive growth performance across key indicators of its operations for the year ended 31st December 2021. This was revealed during the Bank’s 14th Annual General Meeting (AGM), held at its head office, and streamed virtually to shareholders via a dedicated link. Delivering his address, Mr. Frank Beecham, Board…
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IES predicts petrol will sell above GH¢10 per litre in coming weeks
The Institute for Energy Security (IES) is projecting a rise in price of Gasoline (Petrol) ranging from 5 percent to 9 percent in the first pricing window of June. The Institute is however predicting some form of stability in the prices of Gasoil (Diesel) and Liquefied Petroleum Gas (LPG) in the same period. Per the…
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Finance Ministry tops list of most fiscally reckless MDAs between 2015 and 2020
The Ministry of Finance has emerged as the ministry with the highest level of fiscal recklessness between 2015 and 2020. This is according to data from the second Fiscal Recklessness Index 2020 Report released by Imani Center for Policy and Education with support from Oxfam Ghana, which ranked financial irregularities for Ministries, Departments and Agencies…
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Employment C’ttee bemoans late submission of audited accounts by SOEs
The Ranking Member on the Employment, Social Welfare and State Enterprises Committee in Parliament, Dr. Kwabena Donkor, has bemoaned the failure of State-Owned Enterprises in the country to make their accounts available for auditing. Regulation 203(2) of the Public Finance Management Regulations 2019 requires that all State-Owned Enterprises must submit within two months after the…
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NPA boss named outstanding public sector leader of the year
The Chief Executive of the National Petroleum Authority (NPA), Dr Mustapha Abdul-Hamid continued in his streak of silverware collection as he emerged the ‘Outstanding Public Sector Leader’ for the year 2021 at the Ghana CEO Excellence Awards held at the plush Kempinski Hotel in Accra. He was awarded for his Sterling Leadership, Achievement, Business Excellence…
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Vendors bemoan negative impact of E-Levy after 1st month of implementation
After a month of implementation of the Electronic Transfer Levy (E-Levy), mobile money agents and users of the platform in Accra continue to bemoan its impact on their lives. Checks by Citi Business news show that while some are trying to find ways around the payment of the levy others are hoping things take a…
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#CitiBusinessFestival: Financial sector players call for collaboration to achieve desired digital economy
Stakeholders in the financial industry are calling for deepened collaboration between the private sector and government to achieve Ghana’s desired digital economy. According to them, the development of Ghana’s digital economy and the need for the use of digital tools and interventions has become critical, particularly as the COVID-19 pandemic lingers on. Speaking as part…
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Telcos Chamber calls for protection of the sector to sustain gains
As the leading telecommunications network in the country, MTN takes steps to further localize the company by having Ghanaians own at least 30% of its shares in the country by the end of this year, the Telecommunications Chamber says all stakeholders need to play their part to ensure that the gains of the sector are…
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Bank of Ghana commences piloting of digital currency in Sefwi Asafo
The Bank of Ghana has started piloting the first digital currency known as the ‘e-Cedi’ in the Western North region of the country. The move is part of efforts to determine its feasibility and subsequent circulation as well as the Bank’s commitment to enhance the use of digital financial services in the country. Also, the…