Tag: Ghana Business News
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ACEP pushes for local technology use in Ghana’s extractive sector
The African Centre for Energy Policy (ACEP) has warned government against its over reliance on foreign partners in providing skills and technology needed to extract the country’s natural mineral resources. The energy think tank bemoans what it describes as the huge sums of monies spent to import such skills and technology. ACEP argues this is…
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Investors upbeat about moves to clear energy sector debt
Investors are optimistic government will be able to clear its huge energy sector debt within the next five years. They attribute this to the positive key indicators that are playing in the sector. This, however, comes at a time that majority of businesses are complaining about the high power charges in the country. President Akufo-Addo has…
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Unlocking Africa’s potential to create wealth from agriculture (Article)
“There is an unbelievable contrast today in Africa: how can a continent with such an abundance of arable land, water and sunshine annually import food worth USD35billion? This must change,”Akinwumi Adesina, President of the African Development Bank (AfDB). The Ghana situation is not very different from this observation about Africa. The theme for FAGRO 2017(8th…
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Transparent auditing to reduce economic losses – Senior Minister
Senior Minister, Yaw Osafo Maafo has charged internal auditors to exhibit transparency and efficiency in their line of duty. He has also admonished them to hold public officials who are found culpable in shady deals accountable. Mr. Maafo believes this will propel the needed progress of the public sector. ““Our resources are not enough concerning the…
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Occupy Ghana demands probe into Menzgold saga
Pressure group, Occupy Ghana is demanding thorough investigations into the operations of Menzgold to protect consumers from any undesirable impact on the unsuspecting public. Occupy Ghana is among others concerned that the inability of the Bank of Ghana, the Securities and Exchange Commission (SEC) and the Minerals Commission (MinComm) to clarify the operations of Menzgold…
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GIPC develops strategy to grow budding entrepreneurs
As part of efforts aimed at growing the private sector, the Ghana Investment Promotion Centre (GIPC) has begun an annual forum dubbed, ‘The Young Entrepreneurs Forum’. The program will give young entrepreneurs the needed guidelines to improve upon and expand their businesses. In addition, the forum will address the challenges young businesses face as well…
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Treasury Single Account to reduce govt’s borrowing – Ken Ofori Atta
Government is hopeful the operation of a Treasury Single Account (TSA) should reduce its borrowing in the long term. The move which has seen the moving of some monies in accounts at some commercial banks is aimed at strengthening the financial sector where government borrows less to crowd out the private sector businesses. Under the…
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Planting for food and jobs risk collapse over low farmer engagement
Government may not be able to meet its objective of increasing agricultural yields under its flagship programme, planting for food and jobs. This comes on the back of concerns of some farmers who are anticipating low yields over the lack of effective participation of training from government. Government as parts of efforts to increase yields…
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Minister charges new ECG Board to solve labour agitations
The Minister of Energy, Boakye Agyarko, has charged the new board of directors of the electricity company of Ghana (ECG) to embark on a pragmatic process to safeguard jobs ahead of the Private sector participation in the company. According to him, the power distributing company risks a worsening performance if staff issues are not duly…
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GhIPSS to pilot mobile money interoperability in September
The Ghana Interbank Payment and Settlement Systems (GhIPSS) has disclosed to Citi Business News it has advanced processes of meeting the November deadline for mobile money interoperability. The CEO of GhIPSS, Archie Hesse says his outfit has already finalized the systems specification awaiting the completion of other requirements by the various mobile money agents. According…