Category: Top Stories
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Plans to kick out foreign players in Ghana’s downstream oil sector counterproductive – Henry Akwaboah
The Former Chairman of the Association of Oil Marketing Companies, Henry Akwaboah, says the government’s plans to aggressively implement a local content law on the downstream sector risk dwindling investor confidence in the country. This follows some moves by the government to increase local participation in the space. Henry Akwaboah says if this is not…
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Rural Banks will soon accept Ghana Card as primary source of identification – ARB Apex Bank
The ARB Apex Bank Limited, which serves as a “mini” central bank for Rural & Community Banks (RCBs) says it is working with the relevant authorities to ensure that the National Identification Card is accepted at Rural Banks across the country as a valid form of identification. For some time now universal banks in the…
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Poultry farmers struggle to meet demand of feed ahead of Christmas
With barely two months to the Christmas season, the Greater Accra Poultry Farmers Association of Ghana says it is still not able to meet the demand of feed needed for birds by its members and other poultry farmers in the country. In July this year, 5 out of the 55 feed mills in the country…
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Favourable electricity tariffs will make steel industry competitive amid AfCFTA – B5 Plus CEO
Leading iron and steel manufacturing company, B5 Plus says Ghana stands to be a market leader in the sector with the implementation of the African Continental Free Trade Area (AfCFTA) if the issue of the high cost of electricity is addressed. Chief Executive Officer of B5 Plus, Mukesh Thakwani, called on the government to introduce…
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Government optimistic DBG will support venture capital, private equity industry
Government is optimistic that the commencement of operations of the Development Bank Ghana will help support the venture capital and private equity industry to grow start-up businesses and small businesses. This comes on the back of the launch of the Ghana Venture Capital and Private Equity Association, which seeks to support investments into private businesses…
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Fix deplorable roads around petroleum management and storage area in Tema – CBOD
The Ghana Chamber of Bulk Oil Distributors (CBOD) is calling on government to urgently rehabilitate and properly maintain the road network in and around the petroleum storage management industrial area in Tema. The main road to the area is a 7.2-kilometre single carriageway, which is meant to facilitate service delivery by industry giants like the…
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Value of top 10 non-traditional exports rise by 15% to $316M in second quarter of 2021
Data from the Bank of Ghana has revealed that the top 10 non-traditional commodities exported during the second quarter of 2021 saw a 15 percent increase in value. According to the Bank of Ghana’s second quarterly bulletin, the change in the value amounts to US$316.53 million, compared to US$273.44 million recorded for the same period…
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Free Zones Authority charged to work towards achieving target for non-traditional exports
The Minister for Trade and Industry, Alan Kyerematen, has charged the newly sworn-in board of the Ghana Free Zones Authority to work towards achieving government’s target of earning over 25 billion dollars in non-traditional exports. According to the Trade Minister, this target is one of ten pillars on which the government’s new industrial transformation agenda…
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Banks, fintechs must educate customers on need to use e-cash – GhIPSS
The Chief Executive of the Ghana Interbank Payment and Settlement System (GhIPSS), a subsidiary of the Bank of Ghana, Mr. Archie Hesse, has called for increased education and active usage of available cashless payment solutions to help reduce the number of robbery attacks on persons carrying huge sums of cash. There has been an uptick…
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Government procures rice mills to help farmers reduce post-harvest losses
Rice farmers in the country are set to benefit from some rice mills expected to arrive in the country from Brazil and India by the end of the year. A major challenge hampering Ghana’s rice production has been a lack of sufficient mills to help in processing the produce, thereby leading to post-harvest loss. According…