Category: Top Stories
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Businesses must abide by regulations to prevent fire outbreaks – Bureau of Public Safety
The Bureau of Public Safety is admonishing businesses across the country to fully comply with the Fire Precautions (Premises) Regulations L.I. 1724. According to the bureau, following the regulations will help prevent the frequent occurrence of fire outbreaks especially at business centres in Ghana. Executive Director of the Bureau, Nana Yaw Akwada believes these loses…
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AfCFTA and Dangote’s refinery will make fuel cheaper – Energy Consultant
Energy analyst and lead technical consultant to the Chamber of Petroleum Consumers (COPEC), Dr Yussif Sulemana says the African Continental Free Trade Area Agreement (AfCFTA) coupled with the establishment of a state-of-the-art refinery by Nigerian businessman Aliko Dangote stand the potential to significantly reducing the cost to refined crude products on the continent. He stated…
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Key reforms needed to exceed 1.4% World Bank growth forecast – Economist
An economist at the University of Ghana Business School, Dr. Patrick Asuming says the current socio-economic climate which is heavily influenced by the COVID-19 pandemic, provides government an opportunity to introduce and implement key reforms that will boost domestic revenue as well as economic growth. Per the World Bank’s 2021 Global Economic Prospects report, even though growth…
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Reconsider decision to freeze issuance of licenses for new IPPs – IES to government
The Institute of Energy Security (IES), is calling on government to reconsider its decision to put a freeze on discussions and issuance of licenses to new Independent Power Producers (IPPs), including renewables that are cheaper and more environmentally friendly. According to the IES, a revision of the decision is necessary because it has stalled many…
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AfCFTA: GUTA calls for access to cheaper credit to be competitive
The Ghana Union of Traders Association (GUTA) says it will require access to cheaper credit to be able to take full advantage of the African Continental Free Trade Area (AfCFTA) agreement. According to the Ghana Union of Traders Association, the commencement of the AfCFTA means it would now have to compete with businesses from other…
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Don’t exclude security agencies from unification of pension benefits – TUC to government
The Trades Union Congress (TUC) has called on government to reconsider its decision to exclude security service agencies in the country from the unification of pensions. This comes after President Akufo-Addo, in his State of the Nation Address to end his first term in office, announced government’s decision to exclude all security agencies from the…
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Don’t invest in Chy Century Heng Yue, Sairui E-Commerce – SEC cautions
The Securities and Exchange Commission, SEC, the statutory body mandated to promote the orderly growth and development of the securities market in Ghana is cautioning the general public against dealing with Chy Century Heng Yue Group Limited and Sairui E-commerce Ghana Limited. A statement from the SEC noted that Chy Century Heng Yue Group Limited…
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Austin Gamey calls for strategic investment of SSNIT funds for better yields
A labour consultant, Austin Gamey has called for better investment of funds contributed to the Social Security and National Insurance Trust (SSNIT), in order to ensure better yields and better payouts to Ghanaian workers. The comment follows an announcement by SSNIT that monthly pensions for 2021 have been adjusted upwards by 10 percent. According to…
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BoG Governor demands measures to help businesses succeed in AfCFTA era
Governor of the Bank of Ghana Dr. Ernest Addison says the commencement of operations of the Africa Continental Free Trade Area (AfCFTA) requires the building of a competitive Ghanaian economy. According to the Governor, the effects of a strong Ghanaian economy will ensure that local businesses win against their rivals from other African countries. Responding…
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Chamber of Construction Industry threatens to sue government over unpaid debts
The Ghana Chamber of Construction Industry is threatening to sue the government over monies owed its members for contracts executed. According to the chamber, the current situation is taking a toll on the businesses of its members adding that the delay in payment causes them to incur more debts on the loans they acquired in…