Category: Top Stories
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GIPC pledges support for local businesses under AfCFTA
The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr. Yofi Grant, has assured local businesses that the Centre is ready to assist them to harness the opportunities that come with trading under the African Continental Free Trade Area, AfCFTA. This comes on the back of calls by the business community for more…
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PMD signs $49 million ship repair facility construction agreement with CHEC
Prime Meridian Docks (PMD) has signed a $49 million Engineering, Procurement and Construction (EPC) agreement with China Harbour Engineering Company Ltd. (CHEC) to facilitate the completion of a world-class ship repair and maintenance facility at the Takoradi port. The project comprises the design and construction of a 200m long and 20m wide jetty, dredging, reclamation,…
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Expected maize imports will help mitigate shortage in Ghana – Poultry Farmers Association
The Greater Accra Poultry Farmers Association is hopeful measures put in place by the government to mitigate the impact of a likely shortage of maize locally, will yield results. There have been hints of a likely shortage of maize in some parts of the Northern Regions. Speaking to Citi Business News, President of the Greater…
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Monetary Policy Committee begins 98th meeting to assess economy
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) is scheduled to begin its regular meetings from today, Tuesday, January 26, 2021, through to Friday, 29th January 2021. The 98th meeting of the Monetary Policy Committee is to review developments in the economy and take the necessary steps to ensure financial and economic…
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UK-Ghana Chamber of Commerce urges British Airways to reconsider route change
The UK-Ghana Chamber of Commerce has urged management of British Airways to take into consideration the concerns of their clientele and possibly reconsider the decision to operate British Airways Ghana Services from the London Gatwick Airport. Until recently, all London-Accra-London bound British Airways flights originated and terminated at the London Heathrow Airport. But according to…
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Ghana Association of Bankers appoints Mansa Nettey as new president
The Managing Director of Standard Chartered Bank, Mansa Nettey, has been elected as the new President of the Ghana Association of Bankers (GAB). This comes after the General Council of the Ghana Association of Bankers unanimously endorsed her appointment. She succeeds the immediate past President, Mr. Alhassan Andani who stepped down following his retirement as…
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AfCFTA: Construction Chamber advocates for reduction of lending rate
The Ghana Chamber of Construction Industry has joined calls for a relook at the lending rate in the country especially with the commencement of the African Continental Free Trade Area (AfCFTA) Agreement. The Construction Chamber argues that the rate puts its members at a disadvantage amongst other African countries with access to cheaper credit. In…
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GRA pegs 2021 revenue target at GHS 60 billion
The Ghana Revenue Authority, GRA, has set a target of GHS 60 billion as its revenue target for 2021. This comes despite the ravaging impact of COVID-19 on the economy. Speaking at a press briefing in Accra, Commissioner-General of the GRA, Rev. Ammishaddai Owusu-Amoah, said though the amount is ambitious, the Authority has mapped out…
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GRA exceeds 2020 revenue target by GHS2.6 billion
New data released by the Ghana Revenue Authority, GRA, shows that it has exceeded its GHS42.7 billion tax revenue target for 2020 by GHS2.6 billion. This follows a revision of the earlier target to GHS42.7 billion from GHS47.25 billion due to the impact of COVID-19. The authority collected GHS45.338 billion for the year under review,…
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Public Enterprises Minister must prioritize profitability of SOEs – Economist
President Nana Addo Dankwa Akufo-Addo on January 21, 2021, submitted the list of proposed Ministers of his new government to the Speaker of Parliament for approval. Among the new nominees is Joseph Cudjoe, a former Deputy Minister of Energy, who has been put forward as Minister for Public Enterprises, and is expected to oversee the…