Category: Top Stories
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African leaders urged to employ energy policies that will transform Africa
Third World Network Africa, a research and advocacy organization is urging African leaders to re-look their respective energy transitions plans to make it more tactful to address the economic needs of the continent. The advocacy group maintains that although the continent is working towards a shift from fossil fuels to renewable energy, the current energy…
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MTN shareholders given choice to convert dividend or take cash
Telecommunications Giant, MTN Ghana has secured approval to give shareholders the option to receive their final dividend payment of GHS0.124 per share for the 12-month period ended 31 December 2022, in cash or shares. The new method which was approved at the company’s fifth Annual General Meeting (AGM) on Tuesday, 30th May, 2023, through a…
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Pensioner Bondholders Forum disappointed over govt’s unresponsivenes
The Pensioner Bondholders Forum has expressed disappointment at the government’s continuous failure to pay all outstanding coupons and principals owed its members as promised. The Forum laments that government is in arrears of four coupons and four principals. It explains that the first coupon has been in arrears for 98 days, the second for 85…
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Transfer shares held by Jubilee Holdings to GNPC without delay – Minority to govt
The Minority caucus in Parliament, is calling on the Akufo-Addo government to as a matter of urgency transfer shares held by Jubilee Holdings Limited (JOHL) to the Ghana National Petroleum Commission (GNPC). The transfer of shares, the Minority believes will make Ghanaians confident that an appropriate oversight is being exercised on the assets. It said…
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Government’s delay in paying our arrears eroding investor confidence – IPPs
Independent Power Producers (IPPs) have stated that government’s failure to pay them their arrears will not boost investor confidence. This comes as the IPPS have declined government’s proposal to restructure about $1.58 billion in arrears owed them by the state. Ghana aims to cut $10.5 billion in interest payments on its external debt in three…
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IEA casts doubt on robustness of Ghana’s IMF programme
The Institute of Economic Affairs has described the Extended Credit Facility IMF bailout offered Ghana as a “straitjacket” programme which has rendered the managers of the nation’s economy with limited innovative economic ideas to turn the ailing economy around. Ghana received the first tranche of the IMF cash on Friday, May 19 after successfully embarking…
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COVID -19 levy must be abolished – Importers & Exporters insist
Despite the government’s insistence of maintaining the COVID-19 Health Recovery Levy, the Importers and Exporters Association of Ghana, is calling for the immediate abolishment of the levy. The importers and exporters argue that government must completely do away with the Covid -19 levy as well as the Special import levy and the financial recovery levy…
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All set for 2023 Citi Business Festival in June
As the month of June inches closer, Citi FM and Citi TV will bring you the most anticipated business programme, the Citi Business Festival next month, June 2023. The Citi Business Festival is a month-long initiative marked with on-air and outdoor events held annually in the month of June to equip the Ghanaian business community…
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Halt implementation of utility tariffs increment- FABAG tells govt
The Food and Beverages Association of Ghana (FABAG) is impressing on government to direct the Public Utilities and Regulatory Commission (PURC) not to roll out its recent announcement of increment in tariffs. Effective June 1, 2023, the cost of water services will see an upward adjustment for all consumer groups whiles electricity and natural gas…
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Govt maintains COVID-19 levy despite calls for removal
The government still wants to raise more revenue through the COVID-19 Health Recovery Levy, despite the end of the pandemic in the country. This may come as a disappointment to both consumers and the business community who have been pushing for the removal of the tax, which they say is contributing to the rising cost…