Tag: Ghana Business News
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Creation of Railways Ministry will defeat trucks cartel- Railway workers
The Ghana Railway Workers Union has expressed its readiness to work with the Nana Akufo-Addo administration to implement the vision of the government for the Railway industry. President Akufo-Addo yesterday announced plans to create a new ministry solely responsible for railway development and named Mr. Joe Ghartey as the Minister nominated to oversee the activities…
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Boakye Agyarko’s nomination for Energy Ministry apt- ACEP
The financial experience of Boakye Agyarko is good for the current state of Ghana’s energy challenges—this is a verdict from the African Center for Energy Policy (ACEP) on the nomination of Mr. Agyarko for the position of Energy Minster by President Nana Akufo-Addo. Mr. Agyarko is described as a successful banker, having worked as a…
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Govt must stock fuel to avert power crisis- ACEP
The African Center For Energy Policy (ACEP) has called for pragmatic steps to stock fuel in order to power the nation’s thermal plants to avert a power crisis in the near future. According to the group, Ghana already has enough capacity but currently requires the financial strength to acquire more fuel to produce stable power.…
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DKM customers receive cash
The Official Liquidator of DKM Microfinance Company, the Registrar General’s Department has resumed payments of locked up investment due validated customers of the company. This follows a series of delays after some validated customers protested for not finding their names on lists released by the Registrar General’s Department. But information from the department indicated that…
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Review EPA- PEF appeals to Alan Kyeremanten
It appears named Minister of Trade and Industry; Alan John Kyeremanten will have to brace himself to address numerous grievances outlined by the private sector that were overlooked by the outgoing Mahama government as proposals begin to pour in. President Elect, Nana Akufo-Addo on Wednesday announced in a meeting with the leadership of the Private…
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‘I’ll strengthen fiscal discipline to protect public purse’- Nana Akufo-Addo
President-Elect, Nana Addo Dankwa Akufo-Addo has stated that he will anchor fiscal and financial policies to strengthen discipline in the usage of public funds. According to him, the current fiscal regime is weak, allowing public officials to mismanage the country’s scarce resource at the detriment of the poor and vulnerable in society. Describing the Public…
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Pay N-Gas, stock fuel to avert dumsor- ACEP warns incoming govt
There may be a window of opportunity for Ghana to avert a power crisis early next year if the incoming Nana Akufo-Addo government can secure reliable gas supply from the Tweneboa Enyenra Ntomme (TEN) field, increase the stock of fuel, and also pay N-Gas it arrears, the African Center for Energy Policy(ACEP) has disclosed. This…
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IMF chief Christine Lagarde convicted over payout
A French court has found International Monetary Fund chief Christine Lagarde guilty of negligence but did not hand down any punishment. As French finance minister in 2008, she approved an award of €404m ($429m; £340m) to businessman Bernard Tapie for the disputed sale of a firm. Lagarde, who always denied wrongdoing, was not present in…
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Bayport, C.F.C merger will grow company after approval- CEO
Managers of Bayport Financial Services have projected that a merger with CFC Savings and Loans will shoot the customer base of the company from 100,000 to 130,000. The merger which is yet to be approved by the Bank of Ghana(BoG) will move the company from financial services company into a savings and loans company. Speaking…
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Abolish 5% VAT on Real Estate charges- GREDA to Nana Addo
Real Estate Developers are admonishing the President elect, Nana Akufo Addo to “Walk the Talk” when he is sworn in as President on January 7th , by fulfilling his promise of abolishing the 5% VAT on Real Estate sales. The VAT, which was initially 17.5% was reduced to 5% by the present government but the real…