Tag: Ghana Business
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ADB to re-launch IPO in November, targets 5 companies
Citi Business News has gathered the Agricultural Development Bank (ADB), will re- launch its Initial Public Offer (IPO) by middle of November after it failed to successfully complete the offer in June, 2016. Documents cited by Citi Business News from the board of directors of the bank dated October 28, 2016 reveal that the IPO…
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No return of dumsor – ECG assures Ghanaians
The Electricity Company of Ghana (ECG), has clarified that there is no return of dumsor despite the current power outages being experienced in some parts of the country. “Admittedly, we have taken note of series of outages in some areas within our distribution system, but we wish to state as a matter of fact that…
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Poultry farmers decry high interest rates
The Ghana National Association of Poultry farmers is calling on banks to reduce the cost of credit. The farmers say they pay on average between 35% to 40% interest for every loan taken to boost their businesses. According to them, the high interest on loans taken from the banks in Ghana makes it difficult to…
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‘Unsatisfied’ DKM creditors to be paid soon
Validated creditors of DKM Microfinance who were paid below the minimum amounts received so far are to be paid their respective locked up investments soon. This is the assurance from the Official Liquidator for the company. Some customers were angry with the Registrar General’s Department after being paid as little as 10 or 20 cedis…
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We will flush out all ‘galamseyers’ at AngloGold Obuasi mine – MCE
Government agencies mandated to evacuate the illegal miners occupying the Obuasi concession of AngloGold Ashanti, are optimistic they will accomplish their task by the new date scheduled. It follows the review of the deadline date for eviction after the illegal miners resisted the initial attempts by the moving committee to get them out of the…
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National airline key for Ghana’s aviation hub
Ghana’s quest to become a hub for airline travel within the West African sub-region could largely be achieved if it is able to successfully re-establish its National airline and build a hustle free travel system. This is the suggestion from the country Manager for RwandAir, Dennis Rwiliriza. “A national carrier does a lot to also…
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Lack of capacity still constrains local content in Ghana – AGI
The Association of Ghana Industries (AGI) has cited the lack of capacity building as one major constraint to local content in Ghana. After almost three years since the passage of the Petroleum Local content law, Ghanaian companies are yet to actively participate in the oil and gas sector. “There are certain areas that due to…
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RwandAir to launch flights to Asia, Europe in 2017
Patrons of RwandAir are set to enjoy direct long haul flights from Accra to Asia and Europe from the first quarter of next year as the airline expands its fleet. According to the airline, the heavy passenger volumes to Mumbai, Guangzhou and London, make it prudent for the company to capitalize on the economic opportunities…
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Official Liquidator for DKM begins ‘extra’ payments today
Creditors of DKM Microfinance Limited who were not paid in the first week of payments, are expected to receive their investments from today. This is according to the Principal Company Inspector for the official liquidator, Jones Nathaniel Ansah According to him “some of those who have so far not received any payment are getting their…
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Consumers to protest ban on cement importation
The Consumer Protection Agency (CPA), says it will not hesitate to boycott the products of any company that seeks to stop government from issuing permits for the importation of cement into the country. According to the agency, the permission to allow the importation of at least 25,000 tonnes of cement, will help stabilize the supply of…