Tag: Ghana Business News
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Banks’ interests on car loans drop to 31.1 % in June
The latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana shows that Unibank offers the highest rate on vehicle loans. Its rate on your car loan is 39.8 percent. The report, however, stated that Bank of Baroda’s rate between 22 and 28 percent is least among banks that offer…
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EU to lift ban on vegetables by end of 2017 – Agric Minister
The European Union (EU) is expected to lift the ban on some vegetable exports from Ghana by the end of this year [2017]. The move should increase Ghana’s production of such vegetables to about 20 million dollars. The EU has banned the exports of some vegetables from Ghana over concerns on their quality. There have…
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COCOBOD to cut down over 100 million cocoa trees
The Ghana COCOBOD is looking forward to cut down about one hundred million cocoa trees by the 2017/2018 crop season. The trees, mostly diseased ones, are among the 40 percent of total unproductive cocoa trees. According to the CEO of the COCOBOD, Joseph Boahen Aidoo, the destruction of the crops has become necessary to improve…
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Premium Bank launch 5Million Integrated Credit Facility for Startups
Premium Bank has launched a 5 million Ghana cedis Integrated Credit Facility as part of moves to support and promote startup and SME growth in Ghana. According to the bank, the facility is a funding and support aid for members of the Ghana Startup Club 100 to support their operations. The facility, however, is only…
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Govt to triple allocation to innovation – President
President Akufo Addo has announced the establishment of a technology commercialization unit to harmonise the collaboration between industry and academia to promote science and innovation in Ghana. In addition, he has disclosed of efforts to triple the allocation to research within the medium to long term to drive growth of innovation in Ghana. The President…
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AWA denies blame for disabled passenger’s plight
Africa World Airlines (AWA) has told Citi Business News it did not flout any regulations for allegedly disembarking a passenger on a trip to Lagos in April 2017 due to his disability. The airline explains that its decision was largely informed by industry standards and was geared towards protecting the safety of the passenger in…
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Tourism industry demands thorough consultations on taxes
The Ghana Tourism Federation (GHATOF) is demanding further consultations in determining taxes and levies for the tourism industry. The industry has expressed grave concern over the multiplicity of taxes which have increased the cost of operation for hoteliers and rendered some unprofitable. Some have also cautioned of job layoffs to be able to stay relevant…
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COCOBOD moves to address land tenure challenges
The Ghana COCOBOD has commenced stakeholders’ consultations on improving Ghana’s land tenure system to favour the cultivation of cocoa. Ghana’s cumbersome procedure of registering customary land rights has sidelined most smallholder cocoa farmers. This has also been cited as contributing to the lower yields recorded for the past couple of years. COCOBOD is however targeting…
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I’ll not block access to information – President
President Akufo Addo has stated that his administration will run a very transparent government, where access to information will not be cumbersome. According to him, his government will make data from specific sectors available to the public. Even though government has expressed commitment to pass the right to information bill, it is yet to come…
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2017 Ghana Club 100 awards to focus on industrialization
The Chief Executive Officer of the Ghana Investment Promotion Center (GIPC), Yofi Grant has stated that the performance of manufacturing companies in the Ghana Club 100 rankings show the need to direct investment to the area. Critics of the award in the past have bemoaned the increasing good performance of the services sector while industry…