Category: Top Stories
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Operators of Deepwater Tano/Cape presents PoD to govt
Operators of Deepwater Tano/Cape Three Points block offshore Ghana have submitted a Plan of Development to the Ghanaian authorities on behalf of its partners. The plan of development will form the basis for the sustainable and efficient development of the Pecan. This was contained in a press statement issued by Aker Energy Ghana Limited and…
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Ghana will get bailout package soon – IMF boss
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, is optimistic that the fund’s Executive Board would grant final approval to Ghana’s bailout request soon. Ms Georgieva said at the ongoing World Bank/IMF Spring Meetings in Washington D.C. that her optimism stemmed from the swelling goodwill that the country was getting from the…
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NPA to regulate bitumen supply chain to ensure quality and efficiency
The National Petroleum Authority (NPA) is developing a framework to regulate the importation, storage, processing and marketing of bitumen in the country. The framework, which will have inputs from the Ghana Standards Authority (GSA), the Ghana Highways Authority (GHA), and the Customs Division of the Ghana Revenue Authority (GRA), is to streamline the bitumen supply…
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ECG retrieves GH¢38m debt from clients in Central Region
The Central Regional Office of the Electricity Company of Ghana (ECG) has recovered more than GH¢38 million owed by its customers across the region since the commencement of its debt collection exercise on Monday, March 20. The amount represents 14.9 percent of the GH¢255 million owed ECG by domestic users, businesses, organizations, ministries, departments, and…
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Inflation could anchor at 28% before end of 2023 – Courage Boti
Economist and currency analyst at GCB Capital Limited, Courage Boti is hopeful of a sharper decline in the country’s inflation as he predicts the year 2023 could end with a rate of about 28 percent. His comment comes on the back of a significant drop in inflation with the month of March recording 45% from…
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Overtaxing investors a threat to Ghana’s development – Organised Labour
The Ghana Federation of Labour (GFL) says the consistent introduction of new taxes in the country is a threat to national economic development. Mr Abraham Koomson, the GFL Secretary General, who spoke in an interview in Tema, said companies had employees and paid their salaries, as well as social security, contributing to the improvement of…
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MTN explains why it suspended its Data Zone bundle
MTN Ghana, a subsidiary of Scancom PLC, has announced the suspension of its MTN Data Zone bundle effective April 05, 2023. Subscribers of the package had taken to social media to express their dissatisfaction with the development with many calling for its reintroduction. The company apologized to its customers for the lack of communication on…
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March inflation drops to 45.0%
Inflation has dropped significantly to 45.0 percent for the month of March 2023. This represents a 7.8 percentage point decrease over the 52.8 percent recorded in February 2023. This was captured in the Consumer Price Index (CPI) data released by the Ghana Statistical Service (GSS) on Wednesday. Per the data, food inflation also stood at…
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Supply disruptions caused fuel shortages – GOIL
GOIL has attributed the recent fuel shortage at some of its stations across the country to operational challenges occasioned by supply disruptions. A statement by GOIL apologised for the inconvenience caused and revealed that over two million litres of fuel have been dispatched to stations experiencing the shortages. GOIL added that over one million litres…
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Nkoransa Omanhene urges informal sector workers to embrace tier-3 pension scheme
The Omanhene of the Nkoransa Traditional Area in the Bono East Region, Nana Akrapim Baffo Agyentaduahene IV is urging informal sector workers in the traditional area to join the tier-three pension scheme to secure their future. Nana Agyentaduahene IV gave the advice when personnel from the Bono Zonal Office of the National Pensions Regulatory Authority…