Category: Top Stories
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Sunyani roads rehabilitation costing Ghana $45 million – Chinese contractors
The Chinese contractors working on the rehabilitation and expansion of the Sunyani inner-city roads on Wednesday said the project is costing the government of Ghana US$45 million dollars. They promised to deliver quality work to meet international standards and assured to complete the project as scheduled, despite some emerging challenges. Vice President Alhaji Dr. Mahamudu…
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MPC likely to maintain policy rate at 13.5% – IEA
The Institute of Economic Affairs, IEA, has ruled out the possibility of a change in the policy rate to be announced by the Bank of Ghana. This, the IEA says is as a result of calls from President Akufo-Addo and other stakeholders within the financial sector for a relook at the lending rates being charged…
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AfCFTA Secretariat to conclude on rules of origin policy soon – Wamkele Mene
Secretary-General of the African Continental Free Trade Area Secretariat, Wamkele Mene, says the issue of rules of origin under the agreement will be concluded in the next couple of weeks. He stated that “We have made 80 percent progress. Out of almost 8,000 products, we’ve agreed on 86 percent of those rules. We have a…
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Work to improve GWCL’s finances – Cecilia Dapaah to board
The Minister of Sanitation and Water Resources, Madam Cecilia Dapaah, says she expects the newly sworn-in board of the Ghana Water Company to ensure that it improves the debt situation of the company. The minister was speaking during the swearing-in of the 11-member board of the utility company. She further called on the Board to…
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Ghana’s population rises from 24.7 million to 30.8 million
Provisional results from the 2021 Population and Housing Census have revealed that Ghana currently has a population of 30.8 million. Government Statistician, Prof. Samuel Kobina Annim, while presenting the provisional results on Wednesday, noted that between 2010 and 2021, 6.1 million persons have been born, increasing the population from 24.7 million to the current 30.8…
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COCOBOD secures $1.5 billion syndicated loan for 2021/2022 crop season
The Ghana Cocoa Board (COCOBOD) has signed an agreement for a $1.5 billion syndicated loan facility for the 2021/2022 cocoa crop season. This is the largest loan facility so far in its history. The funds, which will be used to purchase cocoa beans for the 2021/2022 crop season, have an interest rate of 1.1 percent…
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Implement market fire reports to prevent reoccurrence of such incidents – BPS
The Bureau of Public Safety says the country may continue to record fire outbreaks in its markets unless it begins to make public reports of earlier incidents and implement findings stated in these reports. Executive Director of the Bureau of Public Safety, Nana Yaw Akwada, stressed that until that is done, these fires would continue…
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World Bank’s $55M tourism sector grant to be disbursed this week – Dr Awal
The Minister for Tourism Arts and Culture, Dr Mohammed Amin Awal has indicated that the government will this week begin the disbursement of a $55 million grant from the World Bank to boost the tourism industry. This follows agitations by some stakeholders in the hospitality industry over the delay in disbursing the money. He stated…
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Renegotiate old contracts in extractive sector – Economist urges government
Economist and lecturer at the University of Ghana, Dr. Adu Owusu Sarkodie has urged the government to consider renegotiating old contracts in the extractive sector which do not offer the country value for money. He also wants government to become an active participant in the production process in the extractive sector. Data from the Institute…
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Registrar General’s Department to publish names of 222 companies expunged from its register
The Registrar-General, Jemima Oware, says her outfit will, from October 1, publish the names of two hundred and twenty-two dormant companies whose names have been struck out of the Companies Register. According to her, these companies will be classified as being inactive and will not be able to be accessed for any business transaction for…