Tag: Ghana Business News
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GRA signs MoU with U.S Customs to enhance trade, combat narcotics
The Ghana Revenue Authority (GRA) and the U.S Customs and Border Protection have signed a Memorandum of Understanding (MoU) to facilitate the exchange of customs expertise from both countries. The agreement covers trade between the two countries, prevention of narcotics trade, averting human trafficking, and the trafficking of hazardous materials. Speaking to the media after…
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2 Chinese illegal miners grabbed for mining COCOBOD seed garden
The Intelligence Department of the Ghana Cocoa Board(COCOBOD) has arrested two Chinese illegal miners for mining COCOBOD’s seed garden in Wassa Saman in the Western region. The two Chinese, Li Wen Qieng 28, and Mo Sin Shan 35 were arrested for excavating the land in the night for gold, destroying the cocoa seedlings. Confirming the development…
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Oil & Gas to serve as main driver of 2017 economy
Two months to the end of the year, Citi Business News has gathered the Oil and Gas industry is marked to be the main driver of economic growth in 2017. The Ghana National Petroleum Corporation (GNPC) is expected to lead the task as the Gye Nyame Sankofa project progresses, as well as oil production at the…
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Ayariga’s no coal plant in Ghana contradicts NDC manifesto- Group
Despite assurances from the Minister of Environment, Science, Technology and Innovation, Mahama Ayariga ,that government will not permit the setting up of coal plant in Ghana, a civil society group has expressed dissatisfaction at the promise, calling for a national policy to back it. The minister who was speaking at forum recently disclosed that government…
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Govt neglected real sectors in Appropriation Bill- Minority
The Minority in parliament has criticized government for not investing in critical sectors of the economy in its expenditure of the Appropriation Bill. The Appropriation Bill which was approved by parliament yesterday is in line with constitutional requirement to provide funds for an incoming government for the first three months after an election. Out of…
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Terkper presents Advanced 2017 Budget today
The Minister of Finance, Seth Terkper, will today present to Parliament an Advanced Budget; covering government spending for the first quarter of 2017. The statement will show the projected revenue and expenditure between January and March next year. This practice is in accordance with what the Executive does almost every election year to avoid spending…
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DKM creditors given GHS10, vow to vote against Mahama
Citi Business News can confirm that payment process for validated creditors of DKM Microfinance in Bolgatanga in the Upper East region has stalled, following a boycott by aggrieved creditors. The customers are angry over what they say are the paltry amounts being paid them. Some of the customers who spoke to Citi Business News complained…
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Our projections were in range- COPEC
The Chamber of Petroleum Consumers (COPEC) of Ghana has insisted that its projection of fuel price adjustment is accurate. COPEC issued a statement on Monday announcing that fuel prices may go up at the local pumps between 3 and 11 percent. But a statement from the National Petroleum Authority(NPA) yesterday described the announcement as false…
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GOIL keeps fuel prices unchanged
Ghana Oil Company Limited,( GOIL) has kept the ex-pump prices of its Super and Diesel unchanged despite industry trends suggesting an upward adjustment. Consequently GOIL fuel prices at the pumps at all its service stations remain the same. The company explained that although international indicators point to an increase, the decision to maintain prices is…
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WAPCo hints of tariff review with Ghana
The West African Gas Pipeline Company (WAPCo) has agreed to a possible tariff review in the future with the government of Ghana to enable reliable gas supply. The Minister of Petroleum, Emmanuel Armah-Kofi Buah recently criticized WAPCo for its unrelenting stands on charging Ghana high tariff before it supplies gas for power generation. Mr. Buah…