Tag: Ghana Business News
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Job layoffs lurk over persistent power challenges – ICU
The Industrial and Commercial Workers’ Union (ICU) has renewed caution of massive job layoffs if the power supply challenges are not resolved anytime soon. The union contends that employers would be compelled to cut down on labour size due to increased cost of operation but a drop in production levels. “If this should continue, then…
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Businesses hopeful of turnaround at ports with new Ag. Director
Various businesses operating at the country’s ports have welcomed the appointment of the Acting Director of the Ghana Ports and Harbors Authority (GPHA), Paul Asare Ansah. One of such is the group of key business associations who were opposing the Terminal Handling Charges (THC). They argue that Mr. Ansah is well equipped, experienced and remains the…
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Ghana, India develop partnerships for SME growth
Ghana is set to acquire and benefit from trade ideas from the Indian government following bilateral trade talks between the two countries. This transpired when the High Commissioner of India to Ghana; Birender Singh, paid a courtesy call on Business Development Minister, Ibrahim Mohammed Awal on Monday. Speaking at the brief meeting in Accra, Mr.…
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Power cuts to worsen over unpaid debts to WAPCo et al – Analysts
Analysts in the power sector fear the current disruptions in power supply would linger until such a time that government finds sustainable means to increase gas supplies to power the country’s thermal plants. According to them, the quantity of gas delivered by the Ghana Gas Company is insufficient to meet demands by the thermal plants.…
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Power cuts still on despite Energy Minister’s assurances
Consumers of electricity are still bearing the brunt of power cuts despite claims that the situation has since normalized. Power supply was cut to some parts of the Greater Accra region yesterday [Sunday]. The development is in sharp contrast with assertions by the Energy Minister, Boakye Agyarko of a stable power supply effective last Saturday…
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Listing GRIDCo on stock market: Managers discredit Kwabena Donkor’s claims
Managers of the Ghana Stock Exchange (GSE) have discredited claims by former Power Minister, Dr. Kwabena Donkor indicating his pessimism of the prospects of listing the Ghana Grid Company Limited (GRIDCo) on the stock exchange. According to the Managing Director of the GSE, Kofi Yamoah, the decision is a laudable one and should be supported…
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Pro investment policies to increase FDIs to Ghana – Dusk Capital CEO
Analysts have projected more foreign patronage of Ghana’s capital market following a pickup of activities on the market. The cedi depreciation, rising inflation plus the power crisis affected the bottom-line of businesses for the past three to four years. The development also led to a dip in the performance of most businesses listed on the…
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Stock market managers welcome the listing of VRA, GRIDCo
The Managers of the Ghana Stock Exchange (GSE), have welcomed government’s decision to list the VRA and the Ghana Grid Company Limited (GRIDCO) on the stock market. They contend that the move will support the growth of the market while deepening the efficiency of the two institutions. As a result, the Managing Director of the…
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Power supply will stabilise from today – Energy Minister
Energy Minister, Boakye Agyarko has assured consumers of stable power supply effective today evening. The assurance follows what he says is the completion of works for the interconnection between the Tweneboa, Enyera, Ntomme (TEN) fields and the Jubilee Field for gas exportation to the Ghana Gas Company. According to the Minister, the intermittent power cuts…
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New whatsapp feature attracts mixed reactions on social media
A new whatsapp feature has sparked a lot of debate on social media, with majority of users expressing unhappiness with the new feature. However, Technology operators believe the new app will help in data penetration as well as business operators across board. Citi Business News’ checks revealed that there have been mixed reactions across board…