Tag: Ghana Business News
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OMCs demand ease of registering businesses
Some Oil Marketing Companies (OMCs) are advocating for all processes in registering their businesses to be streamlined. The petroleum distribution companies believe the current practice delays the process which makes it unattractive for the business to expand and promote competition. Though the Managing Director of Petroleum Limited, Emmanuel Pobee admits of some initial constraints in…
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ACEP pushes for a transparent petroleum sector under NPP
The African Centre for Energy Policy (ACEP), has impressed on the NPP government to pursue processes to enact regulations to guide the effective implementation of the Petroleum Exploration and Production (E&P) law. The Centre believes the regulations should intensify the call for transparency and value for money in the petroleum sector. The energy think tank…
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AFB to accept deposits soon
Finance institution AFB has told Citi Business News it will begin rolling out a number of services in the next three months including deposits and a mobile money account system where customers will be able to withdraw and deposit money via their mobile money wallets. AFB Ghana says the move follows calls from its customers…
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Barclays PLC to pay £ 765m towards its African split
Barclays PLC has submitted an application to the South African Reserve Bank for approval to reduce its stake in Barclays Africa to below fifty percent. The application will require the approval of South Africa’s Minister of Finance. Already Barclays PLC has agreed to pay 765 million pounds to Barclays Africa for it to split from…
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We’re ready to release locked up pension funds – NPRA
The National Pensions Regulatory Authority (NPRA) has disclosed that it should be able to release locked up pension funds in the Temporary Pension Fund Account (TPFA) by June this year should the Administrators of the Public sector funds complete the processes of validation. According to the NPRA, the reconciliation of employee data must be completed…
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Listing VRA & GRIDCO: Analysts urge due diligence
Some analysts in the energy sector have cautioned of long term costs to government should it rush through the process to list the Volta River Authority (VRA) and the Ghana Grid Company Limited (GRIDCO) on the Ghana Stock Exchange (GSE). Though they contend of the benefits in restructuring the operations of the institutions, the analysts…
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VRA, GRIDCo to be listed on the GSE – Nana Addo
The Volta River Authority (VRA) and the Ghana Grid Company Limited (GRIDCo) would be listed on the Ghana Stock Exchange as a means of strengthening Ghana’s power sector. This is the indication from the President, Nana Addo Danquah Akufo Addo. According to him his administration is considering the decision to list the two institutions to…
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Gov’t to turnaround agric sector with 125 million dollars
Government has secured 125 million Canadian dollars to support its initiative of increasing agricultural output and reduce food prices, President Akufo Addo has disclosed. The President who bemoaned the continuous decline of the agricultural sector also maintained that the development should increase food supplies and provide jobs. Nana Akufo Addo made the announcement in his…
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ECOWAS pushes for standards among member states
The Economic Community of West African States (ECOWAS) has commenced the standardization of some electronic appliances to harmonize trading activities among member countries. The standardization which focuses on air conditions and refrigerators will see to the easy import and export of these gadgets within the fifteen ECOWAS member countries. The move is also aimed at…
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Ahead of SOTN: Businesses want concerns addressed
Business associations are calling on President Akufo Addo to address the various challenges confronting them in the industry as he prepares to deliver his State of the Nation address tomorrow. The associations who cite power issues, invasion of foreigners in their retail markets as well as the high taxes imposed on them as their major…