Tag: Ghana Business News
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Excess borrowing few days to elections worrying-Economist
Government’s appetite to borrow few weeks to the general elections continues to attract concerns as some observers caution Ghana’s debt could hit uncontrollable level by next year. Parliament in this few days has passed a number of loan agreements totaling over 900 million cedis. Speaking to Citi Business News, Economist Dr. Ebo Turkson stated that…
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Oil spillage could adversely affect Ghana’s economy- EPA
The Environmental Protection Agency (EPA) has warned Ghana risks suffering immeasurable economic damage should an oil spillage occur. According to the EPA, the damage would have a direct impact on the country’s revenue, tourism and fishing industry. Speaking to Citi business News at the sidelines of the inauguration of the National Spill Contingency Plan Working…
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I’ll satisfy all parties in ECG privatization- Nana Addo
The presidential candidate of the opposition New Patriotic Party(NPP), Nana Addo Danquah Akufo-Addo has assured members of the Trades Union Congress that he will reconsider the Power Compact Two to factor the views of organized labour when voted into power. According to him, the current impasse surrounding the Private Sector Participation of the ECG under…
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WAGL secures Parliamentary Approval for gas supply project
The initiative of the Government of Ghana to address the current Power Crisis via its agreement with the West African Gas Ltd (WAGL), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has received a major boost following the approval from the Parliament for its proposed Gas Sales Agreement with the Government of Ghana. The…
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BoG to announce economic capital before minimum capital- Nana Otuo Acheampong
Despite reports that the Bank of Ghana(BoG) may compel all banks in the country to meet the new capital requirement shortly, Banking Consultant, Nana Otuo Acheampong has told Citi Business News the regulator is yet to come out with an economic capital requirement after with the regulatory capital will follow. The economic capital, according to…
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AGI urges local businesses to consider partnership
President of the Association of Ghana Industries (AGI), James Asare-Adjei has urged local industries to take advantage of partnerships, both foreign and local to enhance their technical capacity building. According to him, the move will inure to positive growth in the industry as a whole. Speaking to Citi Business News Mr. Asare-Adjei emphasized that the…
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GRA holds open forum for stakeholders
The Ghana Revenue Authority (GRA) has held a stakeholders forum in Accra to educate the public on the Custom’s Act and clearance procedures. The forum, themed Ghana’s export and business environment; opportunities and responsibilities, created a platform for Custom’s officials and members of the general public to and others in the businesses community, to deliberate…
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We must implement strict policies to halt cyber fraud- Prof. Quaynor
Acclaimed computer scientist, Prof Nii Narku Quaynor has called for the implementation of strict policy measures to reduce cyber fraud. According to him, cyber fraud could be reduced if it is properly coordinated with the right regulation and law. “Policy makers must look a little bit into the future and try to put in place…
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ADB donates fishing equipment to fishermen hit by tidal waves
The Agricultural Development Bank (ADB) has donated fishing items valued at One Hundred Thousand Ghana Cedis (100,000.00) to the Ministry of Fisheries and Aquaculture for distribution to fishermen affected by the September 4, 2016 tidal waves which hit certain parts of coastline fishermen. Making the donation the Managing Director at ADB, Mr. Daniel Asiedu said…
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Govt must engage local cable manufacturers- ReRoy Cables
Local cable manufacturers have appealed to government to enforce the country’s local content laws to protect indigenous businesses. According to them, government can make local cable producers competitive by enforcing the local content laws to ensure that electric cables that are produced in the country are used. Speaking to Citi Business News, the Chief Operating…