Category: Top Stories
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IES wants new evaluator appointed to look into ENI/Springfield impasse
Government is being urged to without delay, introduce a new evaluator to look into the ongoing impasse between ENI Ghana Exploration and Production Limited, and Springfield Exploration and Production Limited, which has led to a delay in the unitization of their Afina and Sankofa oil fields. The directive to unify the two oilfields was given…
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FDA collaborates with GEPA to boost export trade
The Food and Drugs Authority (FDA) has welcomed the collaboration with the Ghana Export Promotion Authority’s Impact Hub initiative which is intended to provide relevant trade information to the Ghanaian export community to boost the country’s export trade. The facility christened the GEPA Impact Hub, and located at the African Trade House, Headquarters of AfCFTA…
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Mawuli Ocloo to speak at Africa Revenue Summit 2021 in Nigeria
Sales Expert and the Chief Sales Partner at Salesmark Services, Mawuli Ocloo will deliver a keynote address on the topic: “Designing a Modern Sales Process for Growth” at the annual African Revenue Summit (AFRES) 2021 slated for the 4th and 5th June 2021 in Lagos, Nigeria. Under the theme: Scaling Growth, Optimizing Margins, Africa Revenue Summit 2021…
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Don’t fish in restricted zones – Petroleum Commission to fishermen
The Petroleum Commission has appealed to the fishing community to abide by the laws that prohibit them from fishing within marked areas around the country’s oil fields in order to protect their lives as well as avoid any potential damage to the country’s oil fields. The call according to the Commission forms part of efforts…
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Ghana to be removed from EU’s money laundering list
The European Union (EU), has announced plans to take off Ghana from its list of countries noted for money laundering and terrorism financing. This decision is said to have been arrived at during President Nana Akufo-Addo’s two-day working visit to Brussels, Belgium, a statement from the Jubilee House said. “The European Union acknowledged the efforts…
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MSMEs to enjoy low interest rates with creation of Development Bank Ghana – Ofori-Atta
Finance Minister, Ken Ofori-Atta has assured that the establishment of the Development Bank Ghana (DBG) will see a reduction in interest rates for Ghanaian businesses. This comes barely a day after the Ministry of Finance and the European Investment Bank signed an agreement for the provision of a €170 million facility for the establishment of…
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Increased manufacturing pushes PPI for April to over 11%
The average price of goods and services received by domestic producers in the country for their production activities, in the month of April 2021 went up by 11.1%, when compared with the prices received by the producers in April 2020. The increase in prices which brings the producer price inflation rate for April 2021, to…
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GRA takes on OMCs for not remitting consumer taxes totalling over GHS100 million
The Ghana Revenue Authority on Thursday, May 20, 2021, began an exercise to take on Oil Market Companies (OMCs) that have defaulted in honouring their tax obligations to the state. The exercise saw the GRA partially possessing and locking up assets of some seven oil marketing companies who, cumulatively, owe the state over GHS100 million…
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Finance Minister justifies establishment of Development Bank Ghana
Finance Minister, Ken Ofori-Atta, has defended the government’s decision to set up the Development Bank Ghana (DBG). The Minister says the Bank is a major part of the GHS100 billion CARES ‘Obaatampa’ programme aimed at dealing with the devastating economic effects of the COVID-19 pandemic. “DBG is a key pillar in our efforts to quickly…
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Stakeholders in mining sector advocate for patronage of local electrical cables
Stakeholders in the mining sector, as part of efforts to push for more local content in production, are advocating for the use of locally-made electrical cables in the industry. It is for this reason that a set of new standards has been launched for the use of electrical cables in the mining industry. The Chief…