Category: Top Stories
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Advertisers Association of Ghana swears in new council members
The Advertising Association of Ghana (AAG) has installed new council members at its 8th Investiture ceremony in Accra. The colourful ceremony which attracted key industry players saw the induction of Mr. Andrew Ackah as its new president. He takes over from Mansa Amoa-Awuah. Speaking at the 8th Investiture Ceremony of the Advertising Association of Ghana,…
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Push for local processing and consumption of cocoa intensifies
The 2023 National Chocolate Week Celebrations has been launched with a renewed purpose to empower artisanal cocoa processors to take advantage of the new incentives within the consumption campaign to become more competitive to meet market demands. Launching the celebrations at the Accra Tourist Information Centre, the Minister of Information, Hon Kojo Oppong Nkrumah acknowledged…
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G4O policy: Continuous and repetitive purchase of gold not sustainable – COPEC
The Chamber of Petroleum Consumers does not think government’s gold-for-oil policy is sustainable. COPEC in a statement said the policy has mandated the Precious Mineral Marketing Company (PMMC) to buy all gold from small-scale miners, community miners and a percentage from large-scale miners. It further explained that although small-scale miners contribute about 34% of all…
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BoG justifies funding government’s 2022 budget with ¢44.5bn
The Bank of Ghana (BoG) has given reasons for financing of the government’s 2022 budget with about ¢44.5 billion. This is coming after renewed discussions in the media regarding the Bank’s funding of the budget in 2022. A statement issued by the Central Bank notes that, its net claims on the government increased by about…
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AGI calls for clearer modalities on DDEP
The Association of Ghana Industries is calling on government and its key institutions to carefully consider some components of the Domestic Debt Exchange Programme (DDEP) as the current structure of the programme has the propensity to stifle the flow of liquidity to its members. Government is embarking on a debt restructuring programme to enable it access…
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Airport Passenger Service Charge on domestic travel woefully inadequate – GACL
The Managing Director of Ghana Airports Company Limited, Mrs Pamela Djamson-Tettey has indicated the need for an urgent review of the GHC 5 Airport Passenger Service Charge (APSC) per passenger for domestic air travel. She made the call when speaking as a panellist at the 4th AviationGhana Stakeholders Meeting, held in Accra under the theme:…
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DDEP: Govt extends window for bondholders to complete tendering process
Government has granted bondholders a 3-day administrative window to complete processes for tendering their bonds. The move comes after government learned of technical challenges faced by some bondholders who tried to complete the online tender process. A statement issued by the Ministry of Finance said the window ends at 4pm on Friday February 10, 2023.…
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UK Chamber of Commerce reports corruption as topmost challenge for businesses in 2022
The UK Ghana Chamber of Commerce (UKGCC) has indicated that corruption appears to be the topmost challenge for businesses in 2022. The Chamber notes that taxation policies as well as the cost of power and land also pose economic challenges to doing business in Ghana. This was contained in the UKGCC 2022 Business Environment and…
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DDEP: Government hopeful bondholders will register for programme
Government is optimistic all bondholders will sign up for the Domestic Debt Exchange Programme, as registration unto the programme expires today, February 7, 2023. This, according to Minister of Finance, Ken Ofori-Atta will ensure macro-economic stability is restored. Addressing Ghanaians on the Monday, he noted that, “As a government, our singular motivation for taking this…
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5 important things to know about the African Continental Free Trade Area agreement
The African Continental Free Trade Area (AfCFTA) which unites the 55 members of the African Union (AU) and eight Regional Economic Communities (RECs), is the largest free trade area in the world. It has an overarching goal of establishing a single continental market with a combined GDP of around US$3.4 trillion and a population of…