Category: Top Stories
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We don’t need parliamentary approval for international transactions – GNPC
The Ghana National Petroleum Corporation (GNPC) has described as wrong, findings by the Auditor-General, pointing to the fact that the company entered into five significant international business contracts without parliamentary approval, contrary to the provisions of Article 181 of the 1992 Constitution. According to a rejoinder published by the GNPC in response to the 2020…
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Quality Control Company Board tasked to improve quality of cocoa beans
The Minister for Food and Agriculture, Dr. Owusu Afriyie Akoto, has charged the newly inaugurated five-member board of the Quality Control Company Limited of the Ghana Cocoa Board to gear up their efforts in improving the quality of Ghana’s cocoa beans. Cocoa from Ghana continues to enjoy a premium place on the World’s Commodity markets…
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Pay our locked-up cash within one month – Customers of defunct GCFM
The Coalition of aggrieved customers of Gold Coast Fund Management has issued a one-month ultimatum to government to pay their locked-up funds or face their wrath. According to them, government has unjustifiably delayed their payment after their funds were locked up three years ago. Addressing the media in Accra, the spokesperson of the group, Charles…
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Ghana-China trade hits over $4 billion in first half of 2021 – Chinese Ambassador
Despite the impact of the COVID-19 pandemic on the global economy, bilateral trade between Ghana and China continues to grow. H.E. Lu Kun, the Chinese Ambassador to Ghana, revealed that the value of trade between Ghana and China in the first half of 2021 alone was over 4 billion dollars. This according to the ambassador…
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Enabling environment needed for businesses to thrive under AfCFTA – Osafo-Maafo
The Senior Advisor to the President, Yaw Osafo-Maafo is urging the government to create an enabling environment for businesses to thrive under the African Continental Free trade Area (AfCFTA). “Competitive production is key, and I believe that, the government also owes it a duty to provide an environment that will make you competitive. And this…
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CSOs begin fresh push for passage of Tax Exemptions Bill
There is a fresh push for the re-introduction of the Ghana Tax Exemptions Bill in Parliament. A group of civil society organisations with funding from Oxfam want the Bill back on the agenda of the 8th Parliament after the 7th Parliament failed to pass it. Under the Legislative Advocacy project, the Tax Justice Coalition, Ghana…
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Interferences, fragmented front to blame for ineffectiveness of internal auditors – Dr. Oduro Osae
The Director-General of the Internal Audit Agency, Dr. Eric Oduro Osae, has blamed management interference in the work of internal auditors, hence their inability to prevent unchecked payments in public institutions. The 2020 report of the Auditor-General have amongst other things revealed numerous infractions and irregular payments on the part of various state institutions amounting…
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China might be flexing its economic muscle with closure of Ningbo-Zhoushan port – Dr. Lord Mensah
Economist Dr. Lord Mensah says China’s partial closure of one of its major ports may be another attempt by the country to flaunt its economic muscle. A portion of the Ningbo-Zhoushan port was closed last week after a COVID-19 case was recorded at the facility. Some argue though that this move might be just China…
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GUTA expresses concerns over closure of China’s Ningbo-Zhoushan port
The Ghana Union of Traders Associations (GUTA) has raised concerns over the partial closure of one of China’s major ports, the Ningbo-Zhoushan Port. According to the association, this poses a major concern as China is a major source of goods imported into Ghana. President of GUTA Dr Joseph Obeng stated that “It is going to…
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NCA yet to retrieve over ¢25M debt from Glo, Vodafone – Audit Report
The Audit Service has found that telecom companies, Vodafone and Glo are yet to pay debts of more than GH¢25 million they owe the National Communications Authority (NCA). The Service in its audit report on public boards corporations and other statutory institutions ending December 2020, indicated that while Glo owed the government GH¢17 million for…