Tag: Ghana Business
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Electronics dealers demand strict regulation from Energy Commission
Distributors of electronic appliances want the Energy Commission to intensify the regulation of the importation of substandard products unto the Ghanaian market. According to them, the situation has led to a relative increase in energy consumption. They further state that some of these products are not durable. Speaking to Citi Business News, the Chief Operations…
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GH¢2bn deficit is blow to economy – Economist
Economist, Dr. Lord Mensah has criticized the almost 2 billion cedis budget deficit in the advance expenditure appropriation presented by the Minister of Finance, Seth Terkper. Parliament, on Thursday, October 20, approved the 10.99 billion cedis request by the Finance Minister. This also came after several deliberations both at the Finance Committee level and on…
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Parliament approves 10.9 bn cedis for 2017 first quarter
Parliament has approved a GHc 10.9 billion request by the Minister of Finance, Seth Terkper to help finance “critical government expenditure” in the first quarter of 2017. The approval was concluded Thursday evening after almost an hour of deliberations on the floor of the House after the Finance Committee forwarded the request after earlier scrutiny at…
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Terkper meets Parliament over advanced 2017 expenditure
The Finance Minister, Seth Terkper is currently engaged in a meeting with Parliament’s Committee on Finance over the Advanced Appropriation Bill presented to Parliament a while ago. Contrary to the expectations of many, Mr. Terkper did not present the details on the floor of the House as the Bill was referred to the Finance Committee…
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IMANI urges gov’t to limit borrowing
The IMANI Center for Policy and Education wants government to diminish its borrowing habits and grant the private sector an opportunity to flourish. According to the center, governments borrowing stance crowds out the private sector and hinders the growth of the sector. A business environment report study conducted by IMANI in collaboration with the Business…
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Prioritized expenditure to curb budget overruns – Former PIAC Chairman
A Former Chairman of the Public Interest and Accountability Committee (PIAC) Major Ablorh-Quarcoo (Retired) is asking government to prioritize its expenditure to avoid overspending budgets. According to him, the tendency of government to spend on unbudgeted projects must be stopped. The former PIAC Chairman cites how such behavior is impacting negatively on development across the…
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More banks to list after Access Bank – Analyst
Some stock market analysts are predicting more companies are likely to list on the Ghana Stock Exchange to meet the recapitalization requirement by the Bank of Ghana. The assertions follow the listing of Nigerian Bank, Access bank on the domestic bourse. The bank launched its Initial Public Officer (IPO) on Wednesday, October 19, 2016. The…
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Biz of Elections: Media adverts drain campaign budgets
Prior to the Election Day, various political parties cling onto advertising schemes and strategies to carry across their party manifestoes and messages to the public. Most political parties in a bid to ensure the adverts have an impact on the electorates, spend huge sums of money in advertising on radio, TV, newspapers and on billboards…
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Illegal miners must leave AngloGold’s Obuasi site – Minerals Commission
The Minerals Commission has given the strongest indication yet for illegal miners still occupying the Obuasi concession, of AngloGold Ashanti, to evacuate the site or suffer ejection. This comes on the back of the insistence of some of the informal miners not to relocate to the new site allocated by the Commission. “I am not…
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Businesses still reeling under lack of credit – IMANI
The IMANI Center for Policy and Education has stressed the need for government to create opportunities to enhance the productive sectors of the economy. According to IMANI, the persistent high cost of credit, rising inflation and the budget deficit still make it difficult for the private sector to expand and engage labour. A comprehensive business…