Category: Top Stories
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Ghana Standards Authority to establish new Metrology Institute by 2023
The Ghana Standards Authority (GSA) says it has begun taking steps to establish a Fit-For-Future National Metrology Institute by the year, 2023. The Project aims at strengthening the capacity of the GSA, the National Metrology Institute (NMI) in Ghana as well as enhancing their measurement capability to meet the requirements of the scientific community and…
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Africa must hasten slowly in discarding hydrocarbons – Dr. Amin Adam
A deputy Energy Minister, Dr. Mohammed Amin Adam, says African countries ought to exercise some patience in adopting cleaner sources of energy. According to the Energy And Petroleum Economist, the recent energy crisis in Europe should be clue enough that no economy can depend solely on the “so-called cleaner sources of energy”. Dr. Amin Adam…
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2022 budget: Reset fiscal policy to create credible path towards sustainability – BoG to Government
Governor of the Bank of Ghana, Dr. Ernest Addison, is urging the government to use the 2022 budget to reset fiscal policy and create a more credible path towards medium-term fiscal sustainability. According to him, this is crucial to accelerate the country’s financial stability. Speaking at the 10th edition of the Ghana Economic Forum (GEF),…
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Use 2022 budget to reduce revenue and expenditure gap – Government urged
Government has been urged to use the 2022 budget statement and economic policy to reduce the gap between revenue and expenditure. The 2021 budget had a total revenue target of GH¢ 72.45 billion, while expenditure was set at GH¢ 113.75 billion, bringing the overall balance to GH¢ 41.298 billion. According to the 2021 mid-year budget…
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Ghana ranked best investment destination in West Africa, 6th best in Africa by Rand Merchant Bank
Ghana has been ranked the most attractive West African investment destination by the Rand Merchant Bank, beating Nigeria which is the largest Economy in the subregion. The report also shows Ghana as the 6th best investment destination in Africa. Ghana scored 5.54 while Egypt which the report describes as the most attractive investment destination in…
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December 31 deadline for microfinance firms to recapitalise draws closer
With just two months left for microfinance institutions to meet the deadline for their new minimum capital requirement of GH¢2 million, the Bank of Ghana has reiterated calls for them to ensure they build the necessary capacity to do so. The central bank’s recent reforms have seen the recapitalization of commercial banks as well as…
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Asafo drivers want government to scrap fuel levies
Drivers at the Asafo Neoplan Station in Kumasi have called on the government to take steps to reduce taxes and levies on petroleum products in the country. This, according to them, would help bring down the prices of fuel and other lubricants used in their business operations. Speaking to the Ghana News Agency in Kumasi…
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Receiver announces sale of 24 landed properties of collapsed microfinance firms
The Receiver for the collapsed 347 Microfinance Companies (“MFIs”) and the 23 Savings & Companies, Eric Nana Nipah, is in the process of selling another set of landed properties belonging to some of the defunct firms. Mr. Nipah had earlier in March 2021 announced the sale of some of the properties of the affected firms.…
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Atta Akyea calls for persons behind take or pay power agreements to be sanctioned
Chairperson of the Mines and Energy Committee in Parliament, Samuel Atta Akyea is calling for persons and companies who were involved in signing take or pay power contracts which have for many years cost the country millions of dollars to be brought to face the law. “If you asked me as a lawyer, it is…
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Court dismisses ENI’s request for review of unitization directive
The commercial division of the Accra High Court dismissed a judicial review application brought before it by ENI Ghana Exploration and Production Limited and Vitol Upstream Ghana Limited. The review application was in connection with a number of directives given by then Energy Minister John Peter Amewu for the unitization of ENI’s Sankofa oil field…