Tag: CBN
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Digitization of state agencies improving revenue collection—Dr. Bawumia
The Vice President Dr. Mahamudu Bawumia has announced that the digital initiatives undertaken by the government is beginning to yield results. Dr. Bawumia disclosed that some state institutions that were migrated to digital platforms are recording improvements in revenue collection. The Ports, Lands Commission, Ministry of Tourism and the Passport Office are a few state…
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IMF warns of revenue shortfall if Africa Free Trade Agreement is implemented
The International Monetary Fund (IMF) has warned that Ghana could face revenue shortfall if the country starts the implementation of the African Continental Free Trade Agreement(CFTA) this year. The IMF maintains that although the agreement will boost trade on the continent, it will affect earnings and employment opportunities in some sectors of the economy. “Our…
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Revised Petroleum Agreement will be beneficial to Ghana–AGM
Norwegian oil company, AGM has described a revised petroleum agreement it has with Ghana as a good deal that will enable the country benefit from exploration of oil. Parliament last week ratified the revised petroleum agreement for the South Deepwater Tano (SDWT) block which is over 3.5 kilometres below sea level. By the approval, AGM…
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GCNet deploys Trade Facilitation Platform to boost revenue mobilisation
The Ghana Community Network Services Limited (GCNet), a public-private partnership, has deployed an upgraded version of its end to end smart clearance system for stakeholders to boost domestic revenue collection. The upgraded (Trade Facilitation Platform – TFP) is also designed to enhance user experience and improve the ease of doing business. The TFP, an integrated…
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Laid off workers of First Atlantic Bank reject redudancy package
The 100 workers laid off following the merger between First Atlantic Bank and Energy Bank have rejected completely the redundancy package offered to them by the new entity created out of the merger. According to persons close to the bank, the affected workers were offered a severance pay of 1.5 months basic salary for each…
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Make SSNIT independent to prevent gov’t interference—Economist
Economist Professor Godfred Bokpin is calling for a policy that will limit the powers of government in appointing the head and Board of Directors of the Social Security and National Insurance Trust (SSNIT) to protect pension funds. President Akufo-Addo during the Workers Day celebration announced that the government will issue a 700 million cedis bond…
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J.A. Kufuor named on MTN’s International Advisory Board
Former President John Agyekum Kufuor has been named on MTN’s International Advisory Board (IAB) alongside former South African President Thabo Mbeki. A statement issued by the telecoms company said the advisory board is a new creation with a goal to guide and support MTN in fulfilling its vision of increasing its footprint across the continent.…