Category: Top Stories
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Abossey Okai spare parts dealers march for peace ahead of December 7 polls
Traders at the Abossey Okai spare parts enclave in Accra have reiterated the need for peaceful elections on December 7 to ensure the business environment remains stable. The traders made this known, during a peace walk organized by the Abossey Okai Spare Parts Dealers Association on Thursday, December 3rd, 2020. Marching through the streets of…
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MASLOC begins disbursement of interest-free loans to Odawna fire victims
Just two days after the Microfinance and Small Loans Centre (MASLOC) announced the disbursement of a GHS2 million interest-free loan to support the victims of the Odawna market fire, the Centre has begun the distribution of the monies. With each person receiving GHS2,000 each, MASLOC has pledged to distribute the money to about 1,000 people…
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Government completes negotiations to revive national airline
The Aviation Ministry says it has completed negotiations with stakeholders in the sector towards reviving Ghana’s national Airline. It’s been a decade since the collapse of the country’s only airline, Ghana International Airline in 2010, after countless allegations of the mismanagement, incompetence and corruption. Since then, governments have proposed a revival of the airline with…
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AfCFTA: AGI wants electricity tariffs reviewed downwards
The Association of Ghana Industries (AGI), says in order for its members to adequately compete upon the implementation of the Africa Continental Free Trade Area (AfCFTA), electricity tariffs would have to be revised downwards. AGI argues that the cost of electricity is relatively higher in Ghana as compared to other countries in the subregion. Speaking…
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Fuel prices to go up between 3% – 5% – IES predicts
The Institute for Energy Security, IES, is predicting a 3% – 5% increase in both petrol and diesel prices at the pumps within the first 2 weeks of December, which makes up the first pricing window of the month. The energy think tank attributes the expected jump in fuel prices to a number of factors…
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ILO, Management Development and Productivity Institute sign MoU to support SMEs
ILO SCORE Ghana has signed a Memorandum of Understanding with the Management Development and Productivity Institute (MDPI) to facilitate the transfer of responsibilities for sustainability of SCORE training activities in Ghana. The Sustaining Competitive and Responsible Enterprises (SCORE) program is an ILO global scheme that seeks to improve productivity and working conditions of Small and…
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Telcoms Chamber advocates for digitization of payment of tax
The Chief Executive Officer of the Ghana Chamber of Telecommunications, Ken Ashigbey, says the government’s agenda to digitize the economy will make it easier for payment of taxes, especially by the country’s informal sector. Collection of taxes from people within the informal sector has remained one of the biggest challenges for the Ghana Revenue Authority.…
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Odawna market fire: Victims to receive GHS2,000 MASCLOC interest-free loans
Over 1,000 victims of the Odawna Market fire will from today, Wednesday, December 02, 2020, receive a loan of about GHS2,000 each from government. On Wednesday, November 18, over 3,000 traders had their wares destroyed by fire at the Pedestrian Shopping Mall close to the Kwame Nkrumah Interchange in Accra. The traders, some, who had…
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New cocoa pension scheme will attract youth into sector – Concerned Farmers Association
Following President Nana Addo Dankwa Akufo-Addo launch of a pension scheme for the country’s cocoa farmers, the President of the Concerned Farmers Association of Ghana, Nana Oboadie Boateng Opambour has welcomed the new scheme, but says an independent body with strong representation from cocoa farmers needs to manage the scheme to ensure it succeeds. Speaking…
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NPLs of Ghanaian banks may rise after COVID-19 pandemic – BoG Governor
Governor of the Bank of Ghana Dr. Ernest Addison says he is mindful of the fact that in the aftermath of the Coronavirus pandemic, non-performing loans in the country may rise beyond the current stable levels. An analysis of the Summary of Macroeconomic and Financial Data from the Bank of Ghana released in November shows…