Category: Top Stories
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Stronger collaboration needed to develop non-traditional export sector – Herbert Krapa
A Deputy Minister-Designate for Trade and Industry, Herbert Krapa has called for stronger collaboration between the private sector and government to develop the potential of the non-traditional export sector to contribute to the growth of the economy. Government through the National Export Development Strategy (NEDS), hopes to increase non-traditional exports from the current 2.8 billion…
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Telecommunications Chamber, BoG intensifying efforts to curb mobile money fraud – Dr. Ashigbey
The Ghana Chamber of Telecommunications says it is working extensively with the Bank of Ghana to implement multiple strategies, in a bid to clamp down on mobile money fraud, which has in recent times led to a massive loss of funds of some businesses and individuals. According to the World Bank, the rapid growth of…
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Government cannot heed calls to implement a fixed exchange rate- Banking Consultant
Banking Consultant, Nana Otuo Acheampong has spoken against the possibility of Ghana pegging its local currency against the dollar following calls by the Importers and Exporters Association of Ghana to do so. The local currency has witnessed significant depreciation against the US Dollar. It is currently selling for about GHC 7.80 at some forex bureaus.…
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Too much anxiety negatively impacting Cedi performance – Prof. Peter Quartey
Director of the Institute of Statistical, Social and Economic Research, at the University of Ghana, Prof. Peter Quartey has cautioned against heightened anxiety around the local currency. According to him, too much anxiety will lead to speculation about the currency which could fuel further depreciation. The Cedi has depreciated significantly against its major trading currencies…
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Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant
Technology Consultant and Digital Lead of Pop Out, Maximus Ametorgoh says consumers in Ghana are likely to pay a little bit more for products purchased on E-commerce platforms as the Ghana Revenue Authority (GRA’s) prepares to introduce a non-resident E-commerce and Digital Service Registration Portal, to help with the taxation of e-commerce platforms operating in…
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IES predicts petrol prices may soon cross GH¢9
The Institute of Energy Security (IES) is forecasting a 9% and 5% increase in the prices of Diesel and Petrol respectively by the end of March 2022. The Institute of Energy Security is also predicting prices of Liquefied Petroleum Gas and Petrol could go up by 3% by the end of March 2022. According to…
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Diesel prices may soon cross GH¢10 per liter, petrol GH¢9 – COPEC predicts
The Chamber of Petroleum Consumers Ghana (COPEC) has predicted that diesel may sell at over GH¢10 per litre while petrol will cross GH¢9 from March 16, 2022. COPEC attributed its prediction on the rising cost of crude on the international market and the cedi which is currently depreciating among major trading currencies. In a statement,…
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No certification, no compensation – Agric Ministry to poultry farmers
Dr Owusu Afnyle Akoto, the Minister of Food and Agriculture (MOFA), says the Government will destroy and not pay compensation to poultry farmers whose falms are affected by future viral attack if they fail to obtain certificate from the Ministry. Also, farmers who import or move day-old chicks to any part of the country without…
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Stakeholders in construction industry lament increase in prices of iron rods
If you are building or involved in a building project, I am sure you have realised that the prices of one critical component in the building process, iron rods, have increased in recent times. Iron rods are considered critical materials in building construction, due to the fact that shortfalls in quantity or quality of the…
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Only 45% of MASLOC loans paid in five years
The Microfinance and Small Loans Centre (MASLOC) has recovered only GH₵90 million of the GH₵204 million disbursed over the last five years, representing 45 percent payment. Hajia Abibata Shanni Mahama Zakariah, the Chief Executive Officer of the Centre speaking to the Ghana News Agency in Bolgatanga on the sidelines of a stakeholder engagement on the…