Category: Top Stories
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Thorough examination of govt’s full expenditure package necessary – Prof. Botchwey
A former Minister of Finance, Prof. Kwesi Botchwey, has called for a thorough examination of all of government’s expenditure package. The remarks follow government’s decision to cut down on its expenditure, by up to 20 percent in the 2022 fiscal year. The 2022 budget puts Ghana’s total expenditure at GHc135.63 billion, with 20% of that…
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Gov’t underscores resolve to prioritize gender-sensitive trade policies
Women constitute a major part of small-scale informal cross-border traders who face major obstacles in moving their goods across the borders. These obstacles include lack of knowledge of border procedures and lack of finance among others. As women all over the world are being celebrated, a Deputy Minister for Trade and Industry, Nana Ama Dokua…
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Elsie Awadzi calls for inclusive approach to promote women’s access to finance
Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi is calling for a more inclusive approach to promote as part of the country’s financial inclusion strategy. According to her, with high penetration of mobile money and increased digital payments, Ghana is well-positioned to become a financially included society in the medium-term and also…
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BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’
The Bank of Ghana is cautioning the general public against the patronage of a money-doubling scheme operating in Ghana under the name “BitCash Currency Exchange”. According to the Central Bank, the scheme which falsely claims to have its approval is a fraudulent one. A notice dated 8th March, 2022, warns the general public that the…
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Transparency with public on economic situation is key – World Bank Country Director
The World Bank Country Director for Ghana, Liberia, and Sierra Leone, Mr. Pierre Laporte says it is key that government is transparent with the general public on the current economic situation the country finds itself in. Government recently expressed its unhappiness with credit rating agencies, especially after Moody’s downgraded Ghana’s long-term foreign currency sovereign rating…
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Custom House agents laud use of ICUMS at the ports
Freight forwarders at the Tema ports have lauded the Integrated Customs Management System (ICUMS) currently being used to facilitate trade activities. According to them, the system, which was deployed in 2020, has yielded positive results and has helped put them in check. The Acting President of the Association of Customs House Agents Ghana, Yaw Kyei,…
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Rising fuel prices affecting sale of high engine capacity cars – Automobile Dealers
The rising cost of fuel at the pumps is negatively affecting the sale of high engine capacity cars. This is according to the Automobile Dealers Union Ghana. After starting the year at around GH¢6.65 petrol and diesel per litre are now selling for GH¢8.29 at some of the major oil marketing companies. This represents an…
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Diasporans urged to take advantage of AfCFTA to bring investments to Ghana
The Second Lady, Samira Bawumia, has implored Ghanaians in the diaspora to take advantage of the opportunities of the African Continental Free Trade Area (AfCFTA) and bring investments to Ghana. According to her, there is the enabling environment for businesses to thrive, hence the call for Ghanaians living in the diaspora to return home to…
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New benchmark discounts: Cost of imported cars to go up this month – Automobile Dealers
The cost of imported used vehicles is likely to rise from this month onwards as a result of the revision made to the level of discount applied to the benchmark values for cars. This is according to the Automobile Dealers Union Ghana. March 1, 2022, marked the successful commencement of the application of the 10%…
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Ghana to engage global investors at Dubai Expo
Ghana is poised to showcase its immense investment opportunities to the international business community, on its National Day, slated for March 8, 2022, at the ongoing Dubai Expo. The country’s contingent will on the day, highlight government’s commitment to promote creativity, and display the huge prospects in critical sectors such as manufacturing, health, tourism, agriculture…