Category: Top Stories
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Supply of cooking oil to stall if Indonesia’s ban on palm oil export persists
Stakeholders in the crude palm oil industry are warning of supply disruptions for cooking oil and imported crude palm oil on the Ghanaian market in the next 2 to 3 months if the ban on palm oil export from Indonesia isn’t lifted soon. Indonesia, the world’s biggest producer of crude palm oil, ordered a ban…
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World Bank provides $200m to accelerate Ghana’s digital transformation agenda
The World Bank has approved $200 million to help the Government of Ghana increase access to broadband, enhance the efficiency and quality of selected digital public services, and strengthen the digital innovation ecosystem in Ghana to help create better jobs and economic opportunities. Digital is one of Ghana’s best-performing sectors and grew on average by…
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Private sector urged to leverage SDG investor map for investment in housing sector
The Ghana Investment Promotion Centre (GIPC) and the United Nations Development Programme (UNDP) have urged the private sector to explore the immense opportunities in Ghana’s Housing and Infrastructure sectors, using insights from the Sustainable Development Goal (SDG) Investor Map. The call was made during the just ended third edition of the SDG Investor Map Breakfast…
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GRA to address issues associated with E-Levy implementation on Thursday
The Ghana Revenue Authority (GRA) will later this week address questions from multiple stakeholders regarding issues that have come up following the implementation of the Electronic Transfer Levy (E-Levy). That’s according to the Ghana Chamber of Telecommunications. This comes on the back of numerous complaints about alleged unjustified deductions from people’s accounts, along with other…
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CalBank PLC organizes maiden cashless market
As part of efforts to deepen its relationship with merchants and customers, indigenous bank, CAL Bank PLC has disclosed of its new strategy to enable customers transact business digitally. According to the Bank, this forms part of efforts to drive the digitization agenda in the country and increase the adoption of the use of its…
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Momo Agents Assoc. warns of crisis if education on E-Levy isn’t improved
The Mobile Money Agents Association of Ghana is warning of a crisis if government does not ramp up education on the E-Levy for the general public. Despite attempts by the Finance Ministry, the Ghana Revenue Authority (GRA) and the media at raising awareness about the E-Levy, it appears more needs to be done. Checks by…
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MoMo agents lament shortage of cash following panic withdrawals over e-levy
Panic withdrawals ahead of the implementation of the electronic transfer levy on Sunday left agents who operate mobile money business, otherwise known as MoMo, idle. When Citi Business News visited the Nima and Accra Newtown enclaves in the Greater Accra Region, many of the agents confirmed a shortage of cash due to the rush from…
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More focus on agric sector will aid gov’t in achieving 2022 GDP growth target – Economist
After a challenging two years against the backdrop of the COVID-19 pandemic, Ghana is seeking to return to a path of economic growth comparable to pre-pandemic levels but several global and local factors are militating against projections. In the 2022 budget, the government projected an overall real GDP growth rate of 5.8 percent. But some…
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Volkswagen to introduce auto financing schemes to boost patronage of locally assembled cars
In a bid to set the appetite of the Ghanaian vehicle market towards the acquisition of locally manufactured cars, German vehicle manufacturer, Volkswagen, is set to introduce an auto financing plan. According to the company, there will be collaboration with local banks to set up the auto financing model. This among others will reduce the…
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Price of cooking oil to rise following Indonesia’s ban on palm oil export
The price of cooking oil and other products like soaps and biscuits, that are produced using crude palm oil (CPO) should rise in the coming weeks in Ghana if the ban on the export of palm oil from Indonesia isn’t lifted. This is according to stakeholders within the palm oil industry. Indonesia, the world’s biggest…