Category: Top Stories
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BoG abolishes bank charges on savings account and other ‘unfair’ fees
The Bank of Ghana has directed banks and Specialized Deposit-Taking institutions to desist from charging some fees and charges, as well engaging in some practices it describes as unfair to the banking populace. The fees and charges, and practices identified by the central bank as unfair include, Credit Insurance Premium Overcharges, Maintenance Fees on Savings…
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Ghana’s Alex Dodoo wins unanimous backing to lead Africa’s Standards body
The Director-General of the Ghana Standards Authority, Prof. Alexander Dodoo is the unanimous choice of the African Organization for Standardization (ARSO) to serve as president of the intergovernmental body. The 57-year-old pharmacologist was elected at the ongoing ARSO’s 26th General Assembly in Kigali, Rwanda, after the Government of Ghana expressed “confidence in his candidature.” Prof.…
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SSNIT numbers, Ghana Card merger to begin on June 28
As part of the government’s plan to migrate all identification numbers onto the National Identification card, also known as Ghana card, the Social Security and National Insurance Trust (SSNIT) will from Monday, June 28, begin processes to merge all SSNIT numbers to the Ghana card. The Director General of SSNIT, Dr. John Ofori Tenkorang, at…
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Stakeholders advocate for strong corporate governance, others for DBG to succeed
The institution of strong corporate governance structures has been highlighted as one of the many critical things that need to be in place to ensure the success and longevity of the yet to be launched Development Bank Ghana (DBG). The remarks were shared as part of a virtual forum organized by Impact Investing Ghana in…
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Bank of Ghana launches domestic gold purchasing programme to boost reserves
In its quest to shore up its reserves, the Bank of Ghana will in the coming days start purchasing gold from the local markets. This is according to the Governor of the Bank of Ghana, Dr. Ernest Addison. Speaking at an event to launch the Bank of Ghana’s Domestic Gold Purchase Programme, Dr. Addison explained…
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Stakeholders call for review of free zones policy to protect Ghana’s interest
Public Service International, a labour group, says amidst efforts to revive the economy due to the impact of the COVID-19 pandemic, the government must review the country’s Free Zones policy. According to the group, the policy in its current state has failed over the years to achieve its main objectives. Daniel Oberko, Tax and Trade…
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AGI beefs up efforts in promoting investment, export through GESP
The Association of Ghana Industries (AGI) has intensified efforts to attract investment for the country through the Ghana Employment and Social Protection Program (GESP). The program, which commenced in 2018 with a total commitment of 31.6 million pounds from the European Union, is aimed at strengthening social protection and employment systems in the country. Speaking…
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Incoming TOR MD must be given clear KPIs to ensure success – COPEC
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah has charged the Ministry of Energy to outline Key Performance Indicators for the next Managing Director to be appointed to steer the affairs of the struggling Tema Oil Refinery (TOR). The Minister Dr. Mathew Opoku Prempeh on Tuesday, June 15, 2021, inaugurated a…
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Ghana’s 1st quarter GDP growth reduces to 3.1%, lowest since 2019
Ghana has recorded a Gross Domestic Product (GDP) growth rate for the first quarter of 2021 at 3.1% The figure which includes Oil and Gas is lower than what was recorded in the same period last year which saw a growth rate of 7.0% making it the lowest first quarter figure recorded since 2019. GDP…
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Ghanaians urged to explore urban gardening as viable option for generating income
Ghanaians have been urged to develop an interest in home gardening as an additional sustainable business that can make them extra income. The Managing Director for Urban Jungle, Selorm Agudu while speaking during the on-air series of the Citi Business Festival said urban or home gardening has the potential of becoming a major source of income…