Category: Top Stories
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UK airports could ditch luggage liquid rules by 2024
Security restrictions on liquids and laptops in airport hand luggage could be axed in the UK within two years thanks to high-tech 3D scanners. The government is considering rolling out the more advanced scanners by mid-2024, a source told the BBC, although a final decision has yet to be made. The equipment, similar to CT…
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Ghana: African Development Fund approves $27.9 million grant for Savannah Agriculture Value Chain Development Project (SADP)
The Board of Directors of the African Development Fund has approved a $27.9 million grant to Ghana for the development of agricultural value chains in the Savannah region. The grant will increase the climate-resilient production of maize, rice and soybean, support the poultry value chain, and generate employment for women and youth. It will increase…
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Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications
The Ghana Chamber of Telecommunications has cautioned that its members are ready to deactivate all SIM cards yet to be registered by November 30, 2022. In a statement, it said its members, AirtelTigo, MTN and Vodafone, have begun complying with the recent directive from the Ministry of Communications and Digitalization. On November 11, 2022, the…
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Malagasy delegation completes tour of Ghanaian Fintechs and MFIs
The Ghana Fintech and Payments Association hosted an eight (8) Member Delegation of Chief Executives from the Association Professionnelle Des Institutions De Microfinance (APIMF) of Madagascar on a 6-day working visit to Ghana. The Team was led by their Secrétaire-Général, Fanjaharivola Rakotomaharo, and the Head of the Ministry of Finance’s Center for Financial Inclusion, Nivoarizay…
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Twitter staff in Ghana are rejecting Elon Musk’s lay-off package
About a dozen Twitter staff based in Ghana, which was the firm’s only office in Africa, have rejected a severance package offered to them and are now considering taking legal action. The staff’s legal firm has told the BBC that Twitter wants to negotiate the severance package and termination process, but it did not provide details…
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Telcos chamber hints of a likely increment in tariffs
The Ghana Chamber of Telecommunications says its industry members may have to increase their tariffs due to the present high cost of doing business in the country. Speaking to the media, the Chief Executive officer of the Chamber, Eng. Dr Kenneth Ashigbey justified the anticipated tariff increment by arguing that many sectors have already taken…
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Use 2023 Budget to lay foundation for long-term sustainability – IEA to Gov’t
Government is being urged to use the 2023 Budget and Economic Statement to help chart a new path and restore macroeconomic stability for the country. This, the Institute of Economic Affairs believes this will help build back the Ghanaian economy. The Institutes call comes as the country is experiencing one of its worst economic crises…
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BoG wins African Corporate Governance Network Governance Institution of the year award
Bank of Ghana has been honoured at the 2022 African Corporate Governance Network (ACGN) Directors’ Awards, held virtually on Thursday, 17th November 2022. The Bank won awards in two categories and was recognised as suitable for celebration as a Doyen of Business Excellence. Bank of Ghana won the Corporate Governance Institution of the year award…
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Give timelines on no forex directive- GUTA to government
The Ghana Union of Traders Association (GUTA) is asking government to come clear on the timelines in which the directive given for the Bank of Ghana to seize forex support for some food items imported into the country will be implemented. According to him goods which were procured but are yet to arrive in the…
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No book keeping, no access to finance, Consolidated Bank to MSMEs
Micro Small and Medium Enterprises (MSMEs) will continue to face challenges in accessing finance from financial institutions over their inability to produce accurate records of their businesses. This is according to General Manager, Business Banking at Consolidated Bank Ghana, Michael Kwansa. Access to finance remains a key constraint to MSME growth and development in many…