Tag: Ghana Business News
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We’ll comply with directive on use of fortified bullion vans – Association of Bankers
The Ghana Association of Bankers, GAB, says it is saddened by Monday’s bullion van robbery incident at James town in Accra that led to the death of a police officer and a trader. In the wake of the incident, the IGP has served notice that the Police Service will withdraw escort services to sub-standard bullion…
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ENI, Springfield await further directive from government on unitisation of oil fields
The two key actors in the ongoing ENI-Springfield unitisation saga have laid responsibility for the next line of action in resolving the impasse, at the doorstep of government. Despite agreeing to the need for an early mutually beneficial solution to be arrived at, the two companies still disagree on whether or not there should be…
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Tullow oil & partners to invest additional $4.2 billion in Jubilee and TEN fields
Tullow Oil and its partners are set to invest over $4 billion dollars into the Jubilee and TEN fields focusing on new wells and infrastructure over the next 10 years as part of an ambitious ‘Value Maximization Plan’ that is expected to deliver consistent revenue and value to Ghana. This was disclosed by the Chief…
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Take advantage of agribusiness opportunities – Ofori-Atta advises youth
The Minister of Finance, Ken Ofori-Atta, has advised the youth to take advantage of the agribusiness opportunities and manufacturing and link up with these employment-generating institutions for assistance in order to make a living for themselves and their peers. “Let us begin to understand that it is possible for us to be employers. This is…
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Alan woos American investors, as US EXIM Bank seeks to assist 1D1F with $300 million
Ghana’s Trade and Industry Minister, Alan Kyerematen, made a strong case for Ghana during the US President’s Advisory Council on Doing Business in Africa (PAC-DBIA) virtual Roundtable on Wednesday, June 2, 2021. The PAC-DBIA advises the US President, through the Secretary of Commerce, on ways to strengthen commercial engagement between the United States and African…
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Akufo-Addo launches Ghana Enterprises Agency
Ghana’s SME sector is expected to experience some enhancement in the coming days. This comes on the back of the launch of the Ghana Enterprises Agency (formerly NBSSI) and the National Micro, Small and Medium-Scale Enterprises (MSMEs) Entrepreneurship Policy. Speaking at the launch, President Akufo-Addo noted that the policy is aimed at reducing, if not…
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Public Enterprises Minister calls for safeguarding state investment
Mr Joseph Cudjoe, the Minister of Public Enterprises, on Monday paid a working visit to the State Interest and Governance Authority (SIGA) and urged it to help in safeguarding investments in state-owned enterprises (SOEs). He said a lot of state resources had been invested in specified entities like the SOEs, joint venture companies, and regulatory…
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‘It’s unfair to say Ghana has nothing to show for its programmes with IMF – Country Director
The Country Director for the International Monetary Fund (IMF), Dr. Albert Touna Mama, says it is unfair for anyone to suggest that Ghana has nothing to show for its many programmes with the IMF. According to him, the country cannot be said to have stagnated throughout its various programmes with the IMF as the fund…
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Africans must trade more among themselves – Togbe Afede
Togbe Afede XIV, Agbogbomefia of Asogli State has called on African countries to encourage trading among themselves to enhance living standards across the continent. He said Africans must redirect spending to the continent to help foster stronger continental integration, the prime objective of the Africa Continental Free Trade Area (AfCFTA). Togbe Afede made the call…
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Ghanaians urged to take advantage of International Development Fund
The Programme Coordinator for the International Development Fund in Ghana, Jelili Jerry Afolabi, has urged Ghanaian entrepreneurs to explore international opportunities in development finance under the International Development Fund. Addressing participants during the first IDF funding seminar organized by WABS Consult in Accra, Mr. Afolabi said the IDF provides collateral-free financial resources for the execution…