Category: Top Stories
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Stakeholders laud managers of ICUMS for improving efficiency at the ports
One year since the implementation of the Integrated Customs Management System (ICUMS), the Importers and Exporters Association of Ghana says it has experienced significant improvement in its transactions at the ports. There were agitations when it was initially introduced, as some stakeholders had concerns over the system, but it appears the dust has finally settled.…
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BOST justifies recent margin increase in petroleum price buildup
The Bulk Oil Distribution Company, BOST, has justified the recent increment in its margins which are part of the petroleum price buildup at the pumps. The company stated that the margin is key to ensuring it can run its daily operations. The Managing Director of BOST, Edwin Provencal, said although the financial status of his…
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Dangote Refinery 88% complete – Corporate Strategy Officer
Ghana, together with other West African countries, will soon cut down the importation of petroleum products, with the imminent completion of the 650,000 barrels-per-day (bpd) Dangote Refinery at Ibeju-Lekki area of Lagos, Nigeria. The Group Chief Corporate Strategy Officer for the Dangote group, Aliyu Suleiman, announced this at a virtual conference hosted by the Ghana…
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Daily minimum wage increased to GHc12.53 effective June 4
The 2021 National Daily Minimum Wage has gone up by 6 percent to GHc12.53 effective June 4, 2021, from the GHC11.82 that took effect on January 1, 2020. This is in pursuance to the Labour Act, 2003 (Act 651) section 113 (1) (a), and comes after concluded negotiations by the National Tripartite Committee (NTC) on…
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Insurance key to safeguarding funds during e-commerce – Absa Chief Enablement Officer
Ebo Richardson, the Chief Enablement and Information Officer at Absa Bank, Ghana, has urged businesses not to lose sight of the importance of insurance when safeguarding their e-payment structures while utilizing e-commerce. Insuring e-payment structures will help secure the money of businesses and customers in the event of some losses, Mr. Richardson said on the…
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Nana Addo charges MTN to support startups as it marks 25 years in Ghana
President Akufo-Addo has charged MTN to invest in startup businesses and create a telecommunications museum to compile Ghana’s telecommunications history. According to the president, the South African multinational’s success is worth emulating. The president also noted that the story of MTN is yet more proof if any were needed, of the famous saying that Africans…
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Transport fares to go up by 13% from Saturday
The Ghana Private Road Transport Union (GPRTU) has announced a 13 percent increase in transport fares effective Saturday, June 5, 2021. The new fares will cover intercity ‘trotro’ vehicles, intercity long-distance vehicles and shared taxis. The decision, according to the union, is to predominantly accommodate the recent increase in fuel prices. It says, however, that…
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Ghana, others in Africa may take 20-yrs to go fully cashless – Ebow Anamoah-Mensah
Chief Technology Officer of IT Consortium, Ebow Anamoah-Mensah, has said, although Ghana is gradually becoming a “commonplace” for cashless transactions, it requires a few more years for it to be nationally adapted. In his estimation, it will take Ghana just like any other African country almost two decades to fully operate a cashless economy. “I…
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#CitiBusinessFestival: Use data on customers to improve service delivery – Ebo Anamoah Mensah
The Chief Technology Officer for IT Consortium, Ebo Anamoah Mensah, has advised businesses to use customers’ data collated from their backend digital platforms to improve their services. Speaking on the Citi Business Festival 2021 edition on the topic. ‘Cashless Economy with Opportunities in Business and Commerce‘, Mr. Anamoah Mensah said a lot of businesses are…
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Reconsider plans to reduce subsidy on fertiliser – Peasant farmers to government
The Peasant Farmers Association is hoping its meeting with the Ministry of Agriculture will yield favourable results on its concerns over the government’s decision to reduce the subsidy component on the price of fertiliser for the 2021 farming season. The move by the government according to the farmers has led to an increase in the…