Category: Top Stories
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Establish banks to support fisheries industry – Ghana Tuna Association
Secretary to the Ghana Tuna Association, Richster Nii Amarh Amarfio, has called for the establishment of fisheries banks to support the operations of industry players. He said most banks did not understand the fishing industry well enough to give loans for its operations, which had made some companies to fold up. Mr. Amarfio, also the…
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NPA approves 2-month removal of Price Stabilisation, Recovery levy to reduce fuel prices
The National Petroleum Authority (NPA), has approved the removal of the Price Stabilisation and Recovery Levies (PRSL) on petrol, diesel, and LPG for two months. This was announced in a press statement issued by the Authority’s Corporate Affairs Department today, October 11, 2021. “The National Petroleum Authority (NPA) wishes to inform the public that His…
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UK’s acceptance of Ghana’s vaccine certificates will boost Ghana-UK trade – Analyst
Aviation analyst, Sean Mendis, has described the recent decision by the UK government to recognize vaccine certificates issued in Ghana for people fully vaccinated with AstraZeneca, Pfizer, Moderna and Johnson and Johnson, as a positive development for UK-Ghana trade. The British High Commission in Accra on Thursday, October 7, tweeted the news, saying it was…
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Bullion van attacks: Rural Banks also implementing safe systems for carting money
The ARB Apex Bank Limited, which serves as a “mini” central bank for Rural & Community Banks (RCBs) says its members are taking the necessary steps to ensure that the movement of money to and from rural and community banks is done safely. Following the bullion van attack at Adedenkpo-Jamestown in June this year, the…
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Increase petroleum imports from Ghana – NPA boss to sole Burkinabe importer
In a bid to improve petroleum products trade between Ghana and Burkina Faso, the National Petroleum Authority (NPA) is reviewing the export and transit arrangements with Societe Nationale Burkinabe d’Hydrocarbures (SONABHY). SONABHY is the only institution mandated by law to import and distribute petroleum products in Burkina Faso. The review is to among other things…
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Entry points to markets to be re-examined to make them accessible – Nana Addo
The President, Nana Addo Dankwa Akufo-Addo, has said that entry points to market centres across the country have mostly contributed to the destruction of property during fire outbreaks as fire tenders often struggle to gain access to douse the fire. Parts of the Akim Oda Central Market in the Birim Central Municipality of the Eastern…
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Ghanaians demand improved service delivery from businesses
The stories of bad experiences when purchasing an item from a vendor, be it in person or through social media, are often one too many. Some businesses fail to ensure patrons of their products or services get value for money with the services they offer. As the world celebrates customer service week, Citi Business News…
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SEC explains modalities in paying locked-up funds to customers
Mrs Deborah Mawusi Agyemfra, Deputy Director-General in charge of Legals at the Securities and Exchange Commission (SEC), has explained that institutions, whose funds were locked up in the financial sector clean-up exercise would receive 50 percent of their validated claims in tier one. The institutions include financial institutions (FI), associations, welfare institutions, credit unions and…
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Poor fiscal consolidation contributing to high interest rates – Dr. Addison
Governor of the Bank of Ghana, Dr. Ernest Addison has highlighted the country’s poor fiscal position as one of the reasons for the high lending rates in Ghana. According to him, among other things, the disparity in the country’s revenue and expenditure forces government to borrow from banks, leading to a crowding out of the…
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New taskforce fails to resolve retail trade impasse between Ghana and Nigeria
The impasse between Ghanaian traders and foreigners, especially Nigerians, operating in Ghana’s retail space may not end any time soon following a lack of consensus on the matter. A recent meeting between the Ghana Union of Traders Association (GUTA) and the Nigerian Union of Traders Association (NUTAG) at the behest of the new presidential taskforce…