Category: Top Stories
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BOST saved Ghana from paying $26 million to BDCs – Managing Director
The Bulk Oil Storage and Transportation Company Limited (BOST) says its current management has saved Ghana from paying $26 million to eight Bulk Distribution Companies. The eight companies had asked BOST to pay $37 million for 22.7 million litres of petroleum products which allegedly went missing from tanks of the national strategic oil storage company…
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GUTA demands government’s intervention over trade wars between local and foreign retailers
The Ghana Union of Traders Association (GUTA) has called on the government to hasten steps to resolve the impasse between Ghanaian and foreign traders in the country. A joint implementation task force between GUTA and the Nigeria Union of Traders Association, Ghana (NUTAG) has been established to find a lasting solution to the stalemate between…
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We must begin interrogating bank staff over bank-related robberies – Prof. Aning
Security analyst, Prof. Kwasi Aning, believes the time has come for financial institutions to embark on rigorous scrutiny of their staff following the increasing cases of bank-related robberies in the country. He says routine checks must also be carried out on both company and personal electronic devices, used by the staff to assess information that…
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Sylvester Tetteh appointed as new Board Chairman of Ghana Enterprise Agency
President Nana Addo Dankwa Akufo-Addo has appointed the Member of Parliament for Ngleshi Amanfro, Sylvester Tetteh as the new Board Chairman of the Ghana Enterprise Agency formerly National Board for Small Scale Industries (NBSSI). This was announced in a press statement signed by the Chief of Staff, Akosua Frema Osei-Opare and sighted by Citi Business…
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RCBs call for government intervention to retrieve GH¢100M locked-up cash from NTHC
Some Rural & Community Banks (RCBs), particularly those in the Ashanti Region, claim their GH¢100 million is locked up with the National Trust Holdings Company Limited (NTHC). According to the directors of these rural banks, NTHC, which is a state-owned entity with SSNIT as its majority shareholder has failed to pay them their claims since…
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BoG likely to maintain policy rate at 13.5% – Economist
Economist with Databank, Courage Martey is projecting an unchanged Policy Rate of 13.5% by the Bank of Ghana. The Monetary Policy Committee (MPC) of the Central Bank on Wednesday 22nd September, 2021 began holding its 102nd meeting to review developments in the economy. In an interview with Citi Business News on his expectations, Courage Martey said…
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GREDA blames housing deficit on lack of social housing arrangement by government
The Ghana Real Estate Developers Association (GREDA) says governments have done little to address the growing housing deficit in Ghana. It contends that adequate steps have not been taken by the appropriate authorities to resolve challenges associated with accommodation in the country. Ghana’s housing deficit remains the same, as against the increasing population of the…
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Stateholders must create accessible, affordable insurance for all – UNDP
Dr Angela Lusigi, United Nations Development Programme (UNDP) Resident Representative in Ghana, has called on stakeholders in the insurance industry to create accessible and affordable insurance solutions to build resilience in the face of increasing disaster risks. She said while disaster risks were on the increase, there was a huge protection gap in developing countries,…
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CSOs write to Speaker of Parliament to invite interested parties in AGM-AKER deal
The Alliance of CSOs working on Extractives, Anti-Corruption, and Good Governance, has made a request to the Speaker of Parliament to invite all interested parties in the AGM-AKER deal. They are of the view that this will pave way for a transparent conversation on the issue. The request is captured as part of a letter…
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Lands Commission to have one stop verification system for all land searches from October 1
The Lands Commission says it will from Friday, October 1, 2021, have a one-stop verification system for all land searches conducted at the Commission. According to the Commission, reports from its all divisions will be put into one separate report. It made this known in a press statement issued on Thursday, September 23, 2021, and…