Category: Top Stories
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Use of Public Enterprises League Table to assess performance of SOEs to begin in May – Minister
As part of efforts to help identify state owned enterprises that are struggling for government to extend the necessary support, the Ministry of Public Enterprises is set to begin the use of a Public Enterprises League Table starting from next month, May, 2022. The sector minister, Joseph Cudjoe, believes the league table will help keep…
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Enterprise Trustees celebrates 10 years of pensions administration in Ghana
Leading private corporate trustee, Enterprise Trustees, has assured of continued efforts to improve the quality of pensions in the country, by offering cutting-edge innovative solutions to all workers. According to them, this forms part of measures to drive the inclusion of the informal sector in voluntary pension contributions. Enterprise Trustees after 10 years in operation…
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Shippers’ Authority, FDA partner to tackle non-tariff barriers impeding trade facilitation
As part of measures to improve processing of documents at the port, the Ghana Shippers’ Authority (GSA) has partnered the Food and Drugs Authority (FDA) to sensitize shippers on ways to address import permit application challenges. The move is part of efforts to tackle the growing Non-Tariff Barriers (NTBs) as well as support trade facilitation.…
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Stay away from ‘SIDICOIN’ cryptocurrency investment scheme – BoG warns public
The Bank of Ghana (BoG) has warned the public about an impending launch of a cryptocurrency investment scheme named “SIDICOIN” in Ghana. According to a statement from the Central Bank, neither the cryptocurrency investment scheme nor its promoters have any approval from the Bank of Ghana to operate in the banking and payment services sector.…
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COCOBOD responds to Ablakwa on board of directors’ fees and allowance
The Ghana Cocoa Board (COCOBOD) has denied claims by the Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa on the payment of some allowances to directors of the Board. In a Facebook post, Mr. Ablakwa stated that, “Discussions on government expenditure cuts must assume a much broader scope. Take the Ghana Cocoa Board which…
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Payment of neutrality allowance will trigger inflationary pressures – Labour Consultant
A Labour Consultant, Austin Gamey is warning of increased inflationary pressures if the calls for a neutrality allowance by the Civil and Local Government Staff Association of Ghana (CLOGSAG) are heeded by the government. Currently, the national inflation rate is close to 20%. CLOGSAG laid down their tools on Thursday, April 21, 2022, following the…
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Concrete steps must be taken to expand production to promote regional trade – BoG
Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi has reiterated the need for concrete steps to be taken to expand production and delivery of goods and services to promote regional trade and growth under the African Continental Free Trade Area. According to her, this will help accelerate the progress of the implementation…
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BoG assures of robust policies to stimulate economic growth– Elsie Awadzi
As the country finds ways of recovering from the COVID-19 pandemic and the on-going war between Russia and the Ukraine, the Bank of Ghana has assured that it will continue to provide strong policy support to promote domestic and regional economic growth recovery efforts. This is according to the Second Deputy Governor of the Bank…
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Farmerline, a Ghanaian agri-tech startup led by Alloysius Attah, secures $12.9 million pre-Series A funding
Farmerline Group has secured a US$6.4 million Pre-Series A investment and $6.5 million debt to strengthen its supply chain for agribusinesses; reduce the cost of farming, and increase yield for farmers on the continent through the deployment of AI technology and local infrastructure. The US$6.4 million Pre-Series A investment, led by Acumen Resilient Agriculture Fund(ARAF)…
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Indonesia’s planned cooking oil export ban sends global prices of edible oils soaring
The world’s top palm-oil producer announced that it would ban exports of the commodity starting on Thursday, sending the prices of edible oils soaring. Indonesia accounts for about half of the world’s supply of palm oil, the world’s most widely used vegetable oil. Palm oil is used for cooking and for the production of thousands…