Tag: Ghana Business
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Dr. Akoto Osei heads new Monitoring and Evaluation Ministry
President Akuffo Addo has introduced a new ministry intended to supervise the affairs of all other ministries. The “Monitoring and Evaluation ministry” will be headed by the Minister nominee, Dr. Anthony Akoto Osei. The Ministry will also consolidate government’s activities by ensuring appointees live up to set targets and culminate in the overall growth agenda.…
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New housing fund to subsidize cost of houses
The Minister nominee for Works and Housing, Samuel Atta Akyea has stated that the NPP government will introduce a housing fund to subsidize the cost of housing for low income earners. According to him, financing is one critical factor that has impeded Ghana’s efforts at reducing the widening housing deficit. Mr. Atta Akyea also believes…
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Ursula, Atta Akyea,Kofi Adda to head three business related ministries
President Nana Akufo-Addo has named six more nominees for business related ministries under his administration. They include; Joe Ghartey, Akoto Osei and Kwaku Ofori Asiamah. The three have been nominated for Railways development, Monitoring & Evaluation and Transport Ministries respectively. Other nominations include; Ursula Owusu Ekuful, Atta Akyea and Kofi Addah who have been tipped…
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Joe Ghartey heads to newly created railways dev’t ministry
Former Minister of Justice, Joe Ghartey has been named as the Minister nominee for the newly created Railways & Development ministry. The nomination was announced by Speaker of Parliament, Hon. Professor Aaron Mike Ocquaye in Parliament on Wednesday. Joe Ghartey is the Member of Parliament for Essikado-Ketan constituency in the Western region. He served as…
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Movenpick Ambassador Hotel sold to Quantum Global
Mauritius based investment fund, Quantum Global Africa Hotel LP, has acquired Movenpick Ambassador Hotel from Kingdom Holding Company. Quantum Global is an international group of companies active in the areas of private equity investments, investment management as well as macroeconomic research and econometric modelling. Quantum Global’s private equity arm manages a family of funds targeting…
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Inflation drops to 15.4 percent in December 2016
Ghana’s inflation for December 2016, reached 15.4 percent. The figure represents a drop from the 15.5 percent recorded in November 2016. The monthly change rate in December 2016 was 0.9 percent compared to 0.8 percent recorded a month earlier. According to figures released by the Ghana Statistical Service, the year-on-year food inflation rate for December…
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Hoteliers apprehensive about power challenges in 2017
The Ghana Hotels Association has expressed fear of a recurrence of unstable power supply within the first quarter of the year 2017. The challenge that confronted the country’s power sector between 2012 and 2016 affected most sectors of the economy. Like other sectors, some hotels were compelled to shut down over operational challenges. The hotel…
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Dumsor must stay in the past – President Akufo Addo
President Nana Akufo-Addo has charged the Minister nominee for the Energy Ministry, Boakye Agyarko, to work to avert dumsor permanently. According to the President, Mr. Ayarko’s major challenge upon approval by Parliament, would be to prevent a power crisis. “What he has to do is to assure the Ghanaian people that dumsor is going to…
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No immediate hikes in utility and fuel prices – Ken Ofori Atta
Consumers are to experience an immediate halt in the increase of utility and fuel prices in the short to medium term in what will be one of the first decisions embarked on by Minister of Finance nominee Ken Ofori Atta. Prices of some petroleum products last week went up by 11 percent for the first…
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Ken Ofori Atta, Alan K, others to lead key business related ministries
President Nana Akufo Addo has named persons to lead key business related ministries under the NPP government. They include Ken Ofori Atta, Alan Kyeremanteng, Dr. Owusu Afriyie Akoto and Boakye Agyarko. The four have been named as minister designates for Finance, Trade, Agriculture and Energy and Petroleum respectively. The announcements were made at a brief…