Tag: Ghana Business News
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GIPC reviews laws to attract huge investments
The Ghana Investment Promotion Centre (GIPC) has commenced processes to review its laws to guide existing and new investments into the country. The GIPC contends that there is the need to adjust the country’s laws to meet the modern investment trends. According to the CEO of the GIPC, Mr. Yofi Grant, the government’s efforts to…
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Govt to raise GH¢17.4 bn in third quarter
Government is seeking to raise 17.4 billion cedis in the third quarter of this year from the securities market. The cash accrued will be used to rollover maturities as well as to take care of government financing requirement. A statement from the Bank of Ghana stated that about 14 million cedis of the total will…
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Making EPA meaningful to Ghana: Exporters push for support
Ghanaian exporters have intensified appeals for the government to improve their lot and make them competitive ahead of the eventual implementation of the Economic Partnership Agreement (EPA). According to them, they should be able to stand the competition from their foreign counterparts should they operate within favourable business environments. Some of them who have been…
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Port agencies to pilot paperless services soon – Titus Glover
The various agencies at the country’s ports are racing against time to meet the September 1st deadline to enroll onto a paperless regime. The agencies, Citi Business News understands will commence a pilot phase of the program ahead of a complete take off in September. According to Deputy Transport Minister Titus Glover, the pilot should…
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Gov’t reaffirms plans to improve trade ties
Minister for Business Development, Mohammed Ibrahim Awal has described as unacceptable the low levels of trade among African countries. Currently trade volumes among African countries are less than 5%, whereas European countries have trade volumes spanning over 70%. Speaking at the ceremony of the Sudan Ghana Business, Culture and Higher Education Expo 2017, Mr. Ibrahim…
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Supermarkets ditch local fruit juice for foreign ones
Some local fruit juice manufacturers have blamed the low patronage by supermarkets and retail shops for their uncompetitiveness. They say the development has also contributed to the limited market and subsequent low demand for their goods. The Commercial Manager for Kingdom Premium Fruits, John Paul Semavor explains that the situation has also made it unattractive…
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ICU pressurizes gov’t over new appointment at NLC
The Industrial and Commercial Workers’ Union (ICU) wants the government to reconsider at the modalities in appointing the new Executive Secretary of the National Labour Commission (NLC). The President Akufo Addo has appointed a new Executive Secretary of the NLC, Mr. Ofosu Asamoah. He replaces Mr. Charles Adongo Bawa Duah who was appointed by former…
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Telcos must merge for 4G spectrum – Chaalabi
Telecom Analyst, Fouad Chaalabi has backed calls for telecom operators to consolidate to acquire the second 4G license being offered by government. “I think this is the best way of doing it but it depends on the two. You know merger is like a marriage so you need to find your better match,” he said.…
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Fruit juice factories to collapse over lack of raw materials
Fruit juice processing factories have threatened of an imminent collapse of the industry should the government fail to intervene and address the challenge of unavailability of raw materials. They argue that the development has compelled them to underutilize their respective installed capacities. The processors are also unable to produce to meet demand due to rising…
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Procurement delays impeding new oil explorations – GNPC CEO
The Ghana National Petroleum Corporation, GNPC, has appealed to President Akufo Addo to intervene and grant the necessary approval in the proposed oil exploration activities in the Voltaian basin. The CEO of GNPC, Dr. Kofi Koduah Sarpong explains that Ghana may miss out on potential increase in oil revenue due to increased exploration activities should…