Category: Top Stories
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SIM re-registration to begin on October 1 – Ursula Owusu
The Minister of Communication, Ursula Owusu Ekuful, says the registration of mobile SIM cards is expected to begin on 1st October 2021. The exercise, which will last for six months, will end on 31st March 2022. Any SIM which is not registered at the end of this exercise will be blocked, according to the Minister.…
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Peter Quartey hails Government’s approach to setting up Development Bank Ghana
Director of the Institute Of Statistical, Social And Economic Research, ISSER, Prof. Peter Quartey believes the government is on the right track with its approach in setting up the new Development Bank Ghana. The Development Bank according to the Director of the Financial Sector Division of the Ministry of Finance, Samson Akligoh is being set…
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1st Deputy BoG Governor proposes strategies to propel economic recovery
The First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari has prescribed a number of remedies to aid the recovery of the local economy following the Covid-19 pandemic. Addressing a public lecture organised by the University of Ghana Business School Under the theme, “Re-Thinking Development Finance: Macroeconomic Management When The Love is Gone,”…
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Social mandate of DBG should not override commercial interest – Dr. Vera Fiador
A senior lecturer at the Department of Finance of the University of Ghana, Dr. Vera Fiador says even though the Development Bank Ghana (BBG) is being established with a social mandate of providing patient capital for specific sectors of the economy, Investment drawings from the bank must also be financially sustainable. DBG is being established…
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Minister urges GIISDEC board to fulfill mandate in iron ore and steel production
The Minister for lands and natural resources, Samuel Abu Jinapor has charged the newly inaugurated board of the Ghana Integrated Iron Ore and Steel Development Corporation (GIISDEC) to work to ensure the development of an efficient framework to manage the country’s special minerals. Although the country can boast of reserves of aluminium, iron ore and…
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‘Only’ two million taxpayers in Ghana not enough – Deputy BoG boss
The First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari says it’s unsustainable for only two million taxpayers to carry the tax burden of the over 30 million Ghanaian population. Even though there are over 16 million users of the various mobile money platforms indicating financial activity for which taxes should be filed,…
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COCOBOD to officially close 2021 light crop cocoa season on Friday
Ghana Cocoa Board has announced that purchases for the 2021 Light Crop Cocoa Season will cease at the close of business on Friday, 3rd September 2021. In order to assist the Licensed Buying Companies (LBCs) to obtain the final returns from up-country, Ghana Cocoa Board has decided that returns on the declared purchases will be…
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Akufo-Addo bans public institutions from allocating public lands
President Nana Addo Dankwa Akufo-Addo has directed that, henceforth, no public institution should deal in or allocate any land without the explicit approval of the Minister for Lands and Natural Resources. He said, “the days when public lands were dissipated without regard for public interest are over.” The President stated this when he inaugurated a…
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Ministry of Trade justifies agreement that gives EU 80% access to Ghanaian market
The Ministry of Trade and Industry says it will not allow Ghana to become a dumping ground for goods from the UK following the Ghana-UK: Tariff liberalization interim trade agreement which began on Wednesday, September 1, 2021. The tariff liberalization exercise will see Ghana reduce some tariffs on goods coming from the UK. The interim…
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Invest in laterite, others as prices of building materials spiral out of control – GREDA
With statistics pointing to increased numbers of people building during the last quarter of the year, President of the Ghana Real Estate Developers Association (GREDA), Patrick Ebo Bonful has charged government to invest in the production of laterite based materials. His call follows months of consistent increases in the prices of building materials in the…