Category: Top Stories
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CBOD launches 2019 petroleum industry report; demands action on illegal fuel trade
The Ghana Chamber of Bulk Oil Distributors (CBOD) has launched in 2019 Petroleum Industry report with a call on government to take steps to quickly end the illegal trade in petroleum products in the downstream sector. Addressing a virtual gathering on Zoom to launch the report, the Chairperson of the Board of the Chamber, Ivy…
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We’ll address multiple levy payment challenges -Tourism Authority
As part of efforts towards improving the operations of businesses within the tourism industry, the Ghana Tourism Authority says plans are underway to address the issue of multiple payments of levies. Some stakeholders have described the situation as a nuisance and are calling on the authority to streamline payment processes. The Ghana Tourism Authority says…
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Plans still underway to implement ECO currency in West Africa – Alan Kyerematen
Minister-designate for Trade and Industry, Alan Kyerematen, says the common currency by West African states, ECO, still remains on the drawing board because of the inability of some of the member states to meet the common convergence criteria. “We all agree that a common currency in ECOWAS will enhance trade between our countries. Unfortunately, we’ve…
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Prioritise our members in COVID-19 vaccination – Hotels Association
The Ghana Hotels Association is appealing to the government to consider its members as a priority when the distribution of the COVID-19 vaccines commences. The association believes that persons within the hospitality business chain should be prioritized for the vaccine. President of the Association, Dr. Edward Ackah-Nyamike in an interview said: “We believe that accommodation…
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Fuel price hikes: COPEC demands review of price stabilisation levy
The Chamber of Petroleum consumers (COPEC) is calling for a review of the Price Stabilisation Levy to minimise the impact of the surge in fuel prices on consumers. Oil prices have seen a significant increase over the last few weeks with some oil marketing companies currently selling a litre of petrol for GHS5.35. According to…
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Don’t sign onto Debt Service Suspension Initiative – Government urged
Economist with Databank, Courage Kingsley Martey, has asked government not to take advantage of the Debt Service Suspension Initiative (DSSI). This follows calls by some stakeholders within the financial for government to employ strategies to slow down the rate of the country’s debt accumulation. According to him, though the initiative is powerful, the move is…
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Estate developers lament exponential increase in prices of building material
Building contractors in the country are lamenting the continuous toll the price hike on building materials is having on their business. As the demand for houses increases, the COVID-19 induced restrictions have had a negative toll on the construction industry. This has been widely attributed to the exponential increase in construction materials which are mostly…
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Final Ghana-UK trade agreement to be signed on Friday – Alan Kyerematen
Ghana will at on Friday, March 5, 2021, sign a final trade agreement with the United Kingdom (UK) that would replicate the effects of the trade relationship between Ghana and the UK prior to the end of the Transition Period following the withdrawal of the UK from the European Union. This was made known by…
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Bank of Ghana, EMTECH launches new regulatory sandbox to promote FinTechs
In line with its commitment to develop an enabling and inclusive regulatory environment that promotes FinTechs and support innovation, the Bank of Ghana in partnership with EMTECH Service LLC, has launched a regulatory and innovation sandbox pilot. According to the Central Bank, the regulatory and innovation sandbox is a supportive and controlled policy environment that…
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GUTA demands emergency engagement with stakeholders over port charge increment
With only a few days to the commencement of the increment of charges by the Ghana Ports and Harbours Authority, the Ghana Union of Traders Association (GUTA) has called the move a rip-off. The Association explains that it will be prudent to hold an emergency stakeholders’ engagement to prevent any disaffection that may cause agitations…