Tag: Ghana Business News
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Low production costs to drive down cost of living – Economist
Economists have renewed suggestions for the government to reduce the cost of doing business in Ghana to reduce the rising imports and its resultant increase in the cost of living. They are of the view that Ghanaian manufacturers should be able to produce to meet the demands of locals should their operations be made more…
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Businesses lament GRA’s ‘low’ tax coverage
Business Associations have lashed out at the Ghana Revenue Authority (GRA), for failing to retrieve taxes from shop owners and small tax payers. According to them, majority of shop owners do not pay taxes and the GRA have turned a blind eye on them. The businesses also argue that the development is affecting the general…
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Fuel prices to drop by 2% in first pricing window in July
Prices of fuel are likely to see further drop in the first pricing window of July by about 2%. This is according to the Institute of Energy Security (IES). The Institute believes indicators such as the relative appreciation of the cedi against the dollar and the general reduction in the global price of crude oil…
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Fishing industry triples agric growth in 1st quarter of 2017
Agric industry players are optimistic of a rebound in the growth of the sector for the rest of 2017. Their optimism is premised on the massive growth in agric subsector between the first quarter of 2016 and the same period in 2017. For the one year period, the agric sector growth almost tripled, from 2.8…
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Lands Ministry sets July 19 to start integrated mining project
The Ministry of Lands and Natural Resources has indicated that it will by the 19th of July, 2017, implement the Multilateral Mining Integrated Project (MMIP) aimed at sanitizing the country’s mining sector. According to a resource governance index report by the Natural Resource Governance Institute (NRGI), Ghana ranked 24th out of 81 countries involved in…
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Cellulant fosters Ghana-Kenya trade
Organisers of the Kenya Trade Expo Ghana 2017 have signed an agreement with Cellulant, a Pan-African FinTech Company. The agreement is part of an effort to encourage continued trade between the two countries and expand digital payment services to various sectors, particularly in Agriculture. The deal was concluded during a ministerial visit by Minister for…
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Ag. SEC Boss, 19 others conferred fellows of HR Practitioners
The Institute of Human Resource Management Practitioners, Ghana (IHRMP), has conferred Fellow status to 20 Practitioners who have distinguished themselves and are in good standing. The fellows include the Acting Director General of the Securities and Exchange Commission (SEC), Mr. Alexander Williams; MD of ADB Bank and Chairman of the Board of Trustees of IHRMP…
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US govt pleased with ECG ‘privatization’ processes so far – Ambassador
The US Government has told Citi Business News everything is on track for the private sector participation in the Electricity Company of Ghana (ECG) under the Power Compact II agreement. Currently, the six shortlisted companies are evaluating the assets of the ECG to guide further decision making on the move. Ghana is in an agreement…
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New diesel sulphur content rules to take off tomorrow
Effective Saturday, July 1 2017, all imported diesel into Ghana should have a minimum sulphur content of not more than 50 million parts per million, barring any last minute changes. This follows the implementation of the new regulation by the National Petroleum Authority (NPA). A study by the African Centre for Energy Policy (ACEP) and…
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US commits to doubling trade volumes with Ghana
The American government says it is committed to double its trade volumes with Ghana via continuous investments to add value to Ghana’s exports. The US Ambassador to Ghana, Robert Jackson explains that this should increase Ghana’s trade volume with the US from the current 1.2 billion dollars to 2.4 billion dollars. Mr. Jackson made the…