Tag: Ghana Business News
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Tourism sector can generate $1.5bn, numerous job opportunities – GSS
According to the Ghana Statistical Service, the government could generate approximately $1.5 billion by 2027 if it fully exploits the potential of the tourism industry. The Service further states that developing the sector could help address the issue of high youth unemployment by providing economic opportunities. At the launch of the 2023 Domestic and Outbound…
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NPA revokes licenses of 30 OMCs
The National Petroleum Authority (NPA) has revoked the licenses of 30 oil marketing companies. This was announced in a statement issued by the NPA. “The National Petroleum Authority wishes to bring to the attention of the general public that the licenses of the underlisted Oil Marketing Companies have been revoked for non-compliance with the rules…
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Govt, Organised Labour base pay meeting ends inconclusively for 7th time
A meeting between Organized Labour and government over the demand for a 60% increment in base pay on the single spine salary structure has ended inconclusively for the seventh time. This is a result of the failure of both parties to reach a consensus on the proposed percentage. Organized Labour explains that the demand for…
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Only 45% of MASLOC loans paid in five years
The Microfinance and Small Loans Centre (MASLOC) has recovered only GH₵90 million of the GH₵204 million disbursed over the last five years, representing 45 percent payment. Hajia Abibata Shanni Mahama Zakariah, the Chief Executive Officer of the Centre speaking to the Ghana News Agency in Bolgatanga on the sidelines of a stakeholder engagement on the…
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Fast track plans for trading in Chinese Yuan instead of US dollar – GUTA to Gov’t
The Ghana Union of Traders (GUTA) has called for the fast-tracking of moves to ensure that Ghanaian traders are able to trade more in the Chinese Yuan when doing business with China. Such a move is expected to reduce pressure on the Cedi because imports will not be done with US dollars. Most of Ghana’s…
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Gov’t officials to begin public sensitization on e-levy today – Ofori-Atta
The Minister for Finance, Ken Ofori-Atta says government officials will from today, Thursday, January 20, 2022, begin a nationwide public sensitization on the need for the introduction of the controversial e-levy. According to him, officials, including himself, will personally engage citizens on the many policies and programmes the government will use the revenue accrued from…
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Africa must hasten slowly in discarding hydrocarbons – Dr. Amin Adam
A deputy Energy Minister, Dr. Mohammed Amin Adam, says African countries ought to exercise some patience in adopting cleaner sources of energy. According to the Energy And Petroleum Economist, the recent energy crisis in Europe should be clue enough that no economy can depend solely on the “so-called cleaner sources of energy”. Dr. Amin Adam…
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Cold store operators appeal for electricity subsidies
The members of the Cold Store and Corn Millers Association are calling on the government to subsidize electricity tariffs to save their businesses from collapsing. Speaking to Citi News, General Secretary of the Association, Moses Dei said, “the new pre-paid meter “runs like Usain Bolt and this is taking a toll on our business”. He…
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Nigerian traders present documents to Ghana’s presidential taskforce on trade
Nigerian traders engaged in Ghana’s retail space who have presented legal documents for the registration of their businesses will be able to conduct their operations peacefully. This follows the presentation of documents of such traders by the leadership of the Nigerian Union of Traders Association (NUTAG) to the new presidential taskforce set up by the…
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TOR staff interdicted over disappearance of fuel, transfer losses and others
The Tema Oil Refinery (TOR), has queried and interdicted some of its staff pending the conclusion of investigations into the disappearance of fuel, product storage, and transfer losses at the refinery. This is part of recommendations by an interim management committee, which was inaugurated in June 2021, to oversee the affairs of the company as…