Tag: Ghana Business News
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Petroleum consumers dissatisfied with NPP’s 100 days’ work
The Chamber of Petroleum Consumers (COPEC) has expressed dissatisfaction at the achievements of the Nana Akufo Addo led government, grading it below average in its first 100 days in office. Citing key issues such as the high sulphur content in fuel, as well as the unsteady fuel prices, COPEC believes government has not done much…
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Developing agric: GAWU demands long term policies
The General Agricultural Workers’ Union (GAWU) has tasked government to provide long-term policies to increase the agric sector’s contribution to economic growth. GAWU believes measures pursued by successive governments have been short term ones hence their minimal impact in achieving the intended results. GAWU’s comments follows the launching of the government’s ‘Planting for Food and…
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World Bank puts Africa’s 2017 growth at 2.6%
The World Bank has revealed that economic growth in Sub-Saharan Africa is rebounding this year after registering the worst decline in more than two decades last year. According to the latest Africa’s Pulse, which is the World Bank’s bi-annual analysis of the state of African economies, the region is showing signs of recovery, and regional…
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Removal of 50,000 ‘ghost’ names to save GH¢250m
Government is expected to save 250 million cedis this year as it commences processes to clean the public sector payroll. The amount to be saved from the directive also affects about 50,000 public sector workers. The development has been informed by two actions; one that led to the removal of 26,589 public sector workers’ names…
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Debt profiling to avert weekly 1bn cedis burden – Charles Adu Boahen
The Deputy Minister of Finance, Charles Adu Boahen has revealed that the government’s debt management plan will save the country the burden of seeking one billion cedis every week to repay its debts. According to him, the relatively high interests on short term debts estimated over 20 billion cedis, has made it difficult to repay.…
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Industry demands low interest rates, stable cedi after 100 days
Businesses are impressing on the government to pursue economic policies that will sustain growth and create employment in the country. They argue that the eventual drop in interest rates and a stable currency should ease the cost of doing business and allow private sector growth. The comments come on the back of the assessment by…
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We have arrested falling cedi – Bawumia
The Vice President Dr. Mahamudu Bawumia says the government has been able to arrest the free fall of the cedi in its first hundred days in office. According to him, the interventions embarked on by the NPP administration have helped to restore value in the cedi compared to what was bequeathed to them by the…
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Govt to end IMF deal in April 2018 – Ken Ofori-Atta
Finance Minister, Ken Ofori-Atta has disclosed that the government is committed to ending its agreement with the IMF in April 2018. This according to him has made it necessary for the government to consider alternatives in addressing deficits and maintain a sound economy for businesses to thrive. The comment by Mr. Ken Ofori-Atta is a…
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GRA Customs rakes in GH¢2.7 bn in 2017 1st quarter
The Customs division of the Ghana Revenue Authority (GRA) has raked in an estimated 2.7 billion cedis for the first quarter of 2017, Finance Minister Ken Ofori Atta has revealed. This represents 19.23 percent collection of its total 2017 revenue target of about 14 billion cedis. By this, the Customs division is anticipating a revenue collection…
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GRA Customs gets new Commissioner
Mr. Isaac Crentsil has been appointed as the new Commissioner for the Customs Division of the Ghana Revenue Authority (GRA). He takes over from Mr. Kuudamnuru John Vianney whose tenure ends in May this year. Until his appointment, Mr. Isaac Crentsil was the Deputy Commissioner in charge of Post Clearance Audit Department. The pullout and…