Tag: Citi Business News
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We’ve created 100,000 jobs since commencement of Tema-Mpakadan railway project – Contractor
India-based AFCONS Infrastructure Limited, the company constructing the Tema-Mpakadan rail line has revealed that since the commencement of the project, about 100,000 Ghanaians have been engaged. Vice President at AFCONS Infrastructure Limited, Udai Veer Singh, said this forms part of efforts towards empowering indigenes in the area where it implements its projects. “Presently on the…
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Fuel monitoring system will help check smuggling – Oil Marketing Companies
The Association of Oil Marketing Companies says the introduction of the National Retail Outlet Fuel Monitoring System is a game-changer in sanitizing the sector. According to the association, this will help rid the system of non-compliant businesses. In an interview with Citi Business News, President of the Association of Oil Marketing Companies, Henry Akwaboah, commended…
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Run a credit system for SHSs – Buffer stock to poultry farmers
The National Food Buffer Stock Company is encouraging poultry farmers to adopt a credit system that will enable the management of Senior High Schools across the country to patronize their products. According to the buffer stock company, this arrangement will be suitable for the heads of various schools who might not have the cash to…
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Plans on course to revamp Ghana’s railway sector – Amewu
Minister for Railways Development, John Peter Amewu has expressed the government’s commitment to reviving and ensuring a vibrant railway sector in the country. According to him, the level of resources the Akufo-Addo government has committed to the sector is a clear indication of its drive to rejuvenate the industry. “The President mentioned in his inaugural…
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GRIDCo must release loading-shedding timetable – Energy Consultant
Despite the power outages associated with the Ghana Grid Company’s system upgrade, energy consultant, Dr Sulemana Yussif, believes the exercise is necessary to prevent a total collapse of the country’s power system. GRIDCo had earlier announced it is undertaking some upgrades which will lead to power outages till September when the process will be completed.…
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Fuel monitoring system laudable but not enough to end smuggling – Senyo Hosi
The Chamber of Bulk Oil Distributors, CBOD, has commended the government for launching the National Retail Outlet Fuel Monitoring System. The system is aimed at helping government reduce revenue losses within the petroleum downstream sector. CBOD had in a recent report stated that GH₵1.9 billion was lost through petroleum tax evasion in 2019. Speaking to…
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We’re not substituting mackerel for eggs at SHSs – Buffer Stock Company
The National Food Buffer Stock Company has debunked claims that it is substituting mackerel for locally-produced eggs in its supplies to Senior High Schools across the country. The Africa Education Watch had claimed that the National Food Buffer Stock Company had increased its supply of Chinese imported mackerel to schools thus ignoring eggs from poultry…
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We’re hoping to construct 1,000 homes in 2021 – State Housing Corporation
As part of efforts towards addressing Ghana’s housing deficit, the State Housing corporation has indicated plans to establish about 1,000 homes in the country this year. According to the corporation, work has commenced on some of these homes across the regions. Ghana currently has an about two million housing deficit with many stakeholders calling on…
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Monitoring system good but prosecute fuel smugglers – COPEC to government
The Chamber of Petroleum Consumers (COPEC) says beyond the introduction of the monitoring system by the government, prosecution of perpetrators is key to addressing the country’s fuel smuggling challenge. Ghana currently loses billions of Ghana cedis to such illegal activities and in response to this, the National Petroleum Authority (NPA), launched a National Fuel Monitoring…
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LPG marketers urge government to reconsider increase in gas prices
The Liquefied Petroleum Gas (LPG), Marketers Companies Association of Ghana is asking the government to reconsider the announced 18-pesewa upward adjustment on a kilogram of LPG. According to the association, the tax will further worsen the plight of consumers and subsequently lead to a reduction in the use of the product. The association further indicated…