Tag: Ghana Business News
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Provide financial institutions with accurate data – Banking Consultant tells Ghanaians
Ghanaians have been cautioned against providing inaccurate personal data to financial institutions and other institutions participating in the Credit Reporting System (CRS). The advice comes on the back of the expansion of the list of companies that can participate in Ghana’s Credit Reporting System. The Credit Reporting System (CRS) is a database established under Act…
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GNPC’s plan to increase stake in Aker and AGM troubling – CSOs
News of efforts by the Energy Ministry to get Parliament to give them, along with the Ministry of Finance the mandate to agree on a purchase price with Aker Energy and AGM, in connection with plans by the Ghana National Petroleum Corporation (GNPC) to acquire stakes in the two oil and gas companies, has generated…
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Akufo-Addo appoints Farouk Mahama as Board Chair for Ghana Integrated Iron and Steel Corporation
The President, Nana Addo Dankwa Akufo-Addo, has appointed the Member of Parliament for Yendi in the Northern Region, Farouk Aliu Mahama, as the Board Chair of the Ghana Integrated Iron and Steel Corporation. President Akufo-Addo made the announcement on Saturday, August 7, 2021. According to the President, Mr. Mahama is expected to ensure that the…
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CSOs petition Parliament over GNPC’s move to acquire stakes in Aker Energy, AGM Petroleum
A group of civil society organisations working in the extractive industry are calling on Parliament to reconsider the planned acquisition of stakes in Aker Energy and AGM Petroleum Ghana oil blocks by the Ghana National Petroleum Corporation (GNPC). The group made up of 15 civil society groups, said the possible merits of the deal “cannot…
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Inaccurate data could hamper Ghana’s Credit Reporting System – Banking Consultant
Banking consultant Nana Otuo Acheampong has charged the Bank of Ghana and institutions participating in the Credit Reporting System (CRS) to ensure accuracy in the data they collect. According to him, poorly kept records could lead to innocent borrowers being rated unfairly by lenders. The remarks come on the back of the announcement of the…
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New gold refinery to start in October – PMMC
Barring any last-minute hitches, Royal Gold Ghana Limited (RGGL), a refinery in which the state has a 20 per cent stake, will begin operation by the end of October this year. The RGGL, which is a partnership between the Precious Minerals Marketing Company (PMMC) and Rosy Royal Limited, an Indian company, is located on the…
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Maiden AfCFTA-Angola Business forum held in Accra
The maiden African Continental Free Trade Area (AfCFTA) – Angola Business Investment Forum, has been organised in Accra to boost bilateral businesses. The event forms part of activities marking the three-day official visit of President João Manuel Gonçalves Lourenço of Angola to Ghana. The aim of the Forum was to further expand bilateral business relations…
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Cede majority stake in TOR to private investors to ensure its success – IES
Government has been urged to cede majority of its stake in the Tema Oil Refinery (TOR) to private investors, to ensure it attracts the needed investment to succeed. This advice was given by the Institute for Energy Security (IES). The proposal comes on the back of the recent appointment of Ghana’s former Ambassador to China,…
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Government to digitalize fertilizer distribution to curb smuggling – Ofori-Atta
Government says it is rolling out measures to digitize the distribution of fertilizer in the country. In recent times fertilizer smuggling has become the order of the day as the Planting for Food and Jobs Secretariat reported that the country lost a whopping GHS120 million from unaccounted for fertilizer, diversion of coupons and fertilizer smuggling…
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Rice farmers in Upper East in dire need of fertilizer
Rice farmers at Fumbisi and Tono in the Builsa South District and Kassena-Nankana Municipality of the Upper East Region are in dire need of government’s subsidized fertilizers under the Planting for Food and Jobs (PFJ) programme to boost yield. Some of the farmers who had increased their production in this year’s farming season in anticipation…