Category: Top Stories
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Registrar-General begins validating companies after notice to file returns
The Registrar-General’s Department (RGD), has commenced the validation of companies in line with the directive for dormant companies to file their returns. Companies that fail to file returns face being delisted from the Companies Register. The three-month-long review began on July 1, 2021, and will end on September 30, 2021. “The review has become necessary…
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Inflation rises for first time since February 2021; now at 7.8%
Ghana’s national year-on-year inflation rate has once again taken an upward turn, albeit marginally, after two months of consecutive drops, to hit 7.8 percent in June 2021. This increase is 0.3 percentage points higher than the 7.5 percent recorded in May this year. Inflation is often referred to as a “measure of the increase in…
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Ghana signs $200M loan agreement with World Bank to aid vaccination programme
The Government of Ghana has signed an additional $200 million loan agreement with the World Bank to help the vaccination process. This is the second tranche of funds that government is receiving from the World Bank for the management of the pandemic. Addressing the media after signing the agreement, Finance Minister, Ken Ofori-Atta said the…
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Surge in pirate attacks affecting our businesses – Ghana Tuna Association
The Ghana Tuna Association is warning that rising pirate attacks on vessels in Ghana’s territorial waters is likely to ward off investors interested in tuna and deep-sea fishing in the country’s waters and beyond. According to the ECOWAS Parliament, Ghana’s high seas are increasingly serving as an attractive destination for maritime pirates targeting commercial cargo…
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Ghana losing out over ENI, Springfield unitisation stalemate – Kwame Jantuah
The Oil and Gas sector Chairman at the Association of Ghana Industries (AGI), Kwame Jantuah says time is running out for the unitisation of the oil fields of both ENI Ghana and Springfield Ghana. The remarks come two weeks after a court presided over by Her Ladyship Justice Mariama Sammo partly agreed with Springfield and…
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Poultry industry risks collapse due to shortage of maize – GAFA
The Greater Accra Poultry Farmers Association (GAFA), fears Ghana’s poultry industry risks collapse if the government fails to swiftly deal with recent challenges of feed for poultry. This comes as poultry farmers across the country currently are faced with scarcity and high cost of maize and other ingredients needed for the industry. Speaking to Citi…
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You won’t lose your funds – BoG assures dormant account owners
The Bank of Ghana has debunked claims making rounds on social media that persons with dormant accounts will lose their funds if the accounts are moved to the Bank of Ghana after a period of inactivity. These claims come on the back of a recent directive issued by the Central Bank on unclaimed balances &…
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New Edubiase MP calls on colleagues to buy locally assembled cars
As the discussions on MPs’ loans for cars rages on, the Member of Parliament for New Edubiase Constituency in the Ashanti Region, Abdul-Salam Adams, is urging his colleagues to endeavour to purchase from local car assembling companies. The Member of Parliament argues that buying from such companies would contribute significantly to the country’s economy. “It…
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Piloting of digital currency in Ghana to begin in September 2021 – BoG
Ghana is set to commence the piloting of its electronic currency by September this year. This was disclosed by the First Deputy Governor of the Bank of Ghana, Maxwell Opoku-Afari. According to him, the introduction of the Central Bank’s Digital Currency (CBDC) is crucial as the pandemic has quickened the drive towards a cash-lite economy…
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DBG must be able to retrieve loans it’ll give out to survive – Kwame Pianim
A renowned economist and investment analyst, Kwame Pianim, says the yet-to-established Development Bank Ghana must work to prevent collapse by putting in place measures to be able to recoup monies borrowed to customers. Sharing his opinion on the establishment of the bank, Mr. Pianim, opined that the bank must put in mechanisms that will allow…