Category: Top Stories
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MoMo agents bemoan lack of engagement on E-levy
The Mobile Money Agents Association of Ghana have bemoaned the lack of engagement on the Electronic Transfer Levy. According to the association, all attempts to have their concerns heard by the government have proved futile. The group has threatened to embark on a demonstration on Thursday, December 23, 2021 against the proposed 1.75 percent E-levy…
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MTN apologizes for disruption in MOMO services
Telecommunications giant MTN Ghana has apologised to its customers for disruptions in mobile money and internet bundle services. Some MTN users took to social media to complain about challenges in accessing mobile money services across the country. Others complained about simply being unable to use their MoMo services, while some were also complained about being…
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Increasing interest rates in tandem with policy rate not prudent – Banking Consultant
Banking consultant Nana Otuo Acheampong says it is in the interest of banks not to increase their interest rates in tandem with increases in the monetary policy rate of the Bank of Ghana. The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) a few weeks back, increased the Monetary Policy Rate (MPR) by…
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BoG forwards suspected financial crime cases to EOCO for further probe
The Bank of Ghana has forwarded a number of suspected financial crime cases to the Economic and Organised Crime Office (EOCO) for investigations. According to the Central Bank, these include suspicious claims to the Bank of Ghana for the payment of certain large sums of money purportedly remitted to them by foreign counterparties through some…
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Ghana imported GH¢6.9 billion worth of rice from 2017 to 2020 – Alan Kyerematen
Minister for Trade and Industry, Alan Kwadwo Kyerematen has revealed that an amount of GHC 6.874 billion was spent on the importation of rice from 2017 to 2020. This comes on the back of consistent calls for the ramping of the production and consumption of local rice in Ghana. Rice is the second most important…
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Price of poultry to go up by more than 50% this year compared to last year
Consumers of poultry should be prepared to pay more than fifty percent for purchases they make this Christmas season. This is a warning from the Greater Accra Poultry Farmers Association who attribute the expected hikes to the incident of maize shortage as well as the reduced import of day-old chicks into the country this year.…
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Housing, fuels, food etc. push November inflation to 12.2 %, highest since 2019
Increases in prices associated with housing and transport across the country as well as an overall increase in the contribution of food inflation to national inflation have pushed the rate for November 2021 to 12.2 %. This is according to the Ghana Statistical Service (GSS). The rate of inflation for the month of November is…
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Association of Women in Mining calls for more support for women in the sector
Association of Women in Mining (ASWiM) a wing of the Ghana National Association of Small-Scale Miners is calling for more support for women in artisanal and small-scale gold mining. The group argues that to advance gender equality in Artisanal Small-Scale Mining in Ghana, key governance issues pertaining to the effectiveness of policy and legal instruments…
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5 regions of the north top list in food insecurity in Ghana – statistical service report
All the regions of the northern part of Ghana have ranked highest in food insecurity in the country. This was revealed in the 2020 Comprehensive Food Security and Vulnerability Analysis report by the Ghana Statistical Service has revealed. The upper east region led with 49% of food-insecure residents. In contrast, the Greater Accra and Central…
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$1bn SDR allocation will avoid out-crowding of private sector – Economist
Economist Courage Martey is confident the crowding out of the private sector in accessing funds could be averted if the government opts to draw down from the US$1 billion it received from the International Monetary Fund (IMF), as part of the new Special Drawing Rights (SDRs) allocation to boost the post-COVID economic recovery of member…