Tag: Ghana Business News
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Minority petitions US SEC over $ 2.25bn bond
The Minority in Parliament has petitioned the Securities and Exchange Commission of the United States to commence investigations into the NPP government’s 2.25 billion dollars bond issued this year. A statement on the petition by the Minority and copied to Citi Business News said, “The SEC will primarily be investigating suspected conflict of interest and insider…
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Business registration to reduce to four days
Government has stated its plans to reduce the registration period of businesses from two weeks to four days. The move is aimed at reducing the cost of doing business in Ghana. Currently, people who wish to register their business go through a stressful sixteen day period or more to complete the process. This also contributed…
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Mobile money interoperability to take off in November – Bawumia
Vice President, Dr. Mahamudu Bawumia has disclosed that government is working to meet its November 2017 timeline for the implementation of mobile money interoperability. The system when rolled out will allow consumers transfer money across the various networks in the country. The Ghana Interbank Payment and Settlement Systems (GhIPSS) has since been tasked to provide…
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ASN financial services staff livid over unpaid salaries
It appears the woes of ASN financial services are far from over as workers of the company are livid over unpaid salaries. The development also follows the company’s inability to meet its obligations to customers whose investments have been locked up in the company. The workers of ASN Financial services who spoke on condition of…
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Nigerian businesses want waivers for investments to Ghana
The Nigerian business community in Ghana wants government to honor its promise to grant waivers to foreign investors in the country. According to them, the waivers will help them establish new businesses in the country as well as expand already existing ones. The businesses further believe the move will fall in line with government’s plan…
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Analysts push for protection against global virus attack
Cyber security analysts are predicting huge financial losses in the coming days should Ghanaian businesses fail to protect their computer systems from the threatening virus, Ransomware. The virus is reported to have affected 100,000 computers and key data systems in about one hundred countries globally. The affected institutions are being requested to pay 300 dollars…
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Govt pursues abuse of tax exemptions to reduce revenue losses
Finance Minister, Ken Ofori Atta has disclosed of plans to pursue institutions and companies that abuse exemptions in the country. The position has been necessitated by plans to protect the public purse and curb fiscal slippages that the economy has been facing for sometime now. According to him, the value of exemptions had increased from…
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ASN Financial services customers threaten legal action over unpaid cash
Disgruntled customers of ASN financial services limited have begun counting their losses after attempts to retrieve their monies appear to have yielded little results. The woes of the customers are heightening despite assurances by the management of dealing with the situation. Some have threatened legal action should the company default in refunding their monies. Checks…
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Poultry farmers livid over delay in GH¢6m loan refund
Ghana’s poultry industry has been hit with yet another challenge as loans secured under the past NDC government for the acquisition of machinery and other inputs for poultry framers has gone down the drain. Poultry farmers are threatening legal action should government refuse to refund the GHc6 million cedis that was used in financing the…
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President confident of turnaround in banking sector
President Akufo Addo has reiterated his commitment to turnaround the country’s economic fortunes and expand the financial sector. He admits that his administration comes at a time that the banks are facing tough times which have impeded their growth and their ability to support industrial growth. According to the President, the policies being enrolled to…