Tag: Ghana Business
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Stopping fertiliser smuggling is key for agric – Dr. Afriyie Akoto
The Minister for Agriculture, Dr. Owusu Afriyie Akoto has stated that the smuggling of fertilizer outside of the country are part of the reasons for the decline in growth of the agricultural sector. Speaking at the appointment committee of Parliament, Dr. Afriyie Akoto maintained that the development has resulted in farmers receiving inadequate amounts of…
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Hello Kigali: Business leaders explore investment opportunities in Rwanda
Business leaders taking part in Citi FM’s Hello Kigali business tour will today meet players in Rwanda’s business sector. The leaders will be hosted by the Chairman of the Private Sector Federation which is a key business association in Rwanda as they enter day four of the business tour. The focus of the Hello Kigali…
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Rwanda to assist Ghana to roll out paperless regime
The absence of a paperless regime has been named as one of the key factors hindering the development of Ghana’s public sector. Key institutions in Ghana’s public sector still rely heavily on paper, leading to waste in time and resources. Moving such institutions onto a paperless regime still remains a huge challenge for Ghanaian authorities.…
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Business Ministry to make Ghana competitive globally – World Bank
The World Bank Group says it is confident the new Ministry of Business Development will propel Ghana’s efforts to be more competitive in global trade. According to the World Bank, latest reports indicate that Ghana still lags behind in the ease of doing business, despite some interventions in the public and private sectors. “It is…
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Cedi depreciation: BoG defends 120 million dollars auction
The Bank of Ghana (BoG) has justified its 120 million dollars auction for the first quarter of this year to control the depreciation of the cedi. The central bank maintains that the move forms part of measures to protect the forex market from any shocks due to the volatility of the market. “We shall continue…
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BOG Governor must stay unless … – Asiedu Mante
A Former Deputy Governor of the Bank of Ghana, Emmanuel Asiedu Mante believes the new Government should maintain the BoG Governor so far as he exhibits professionalism in his work. In his view, the independence of the central bank absolves the Governor from any impact of a change in government. “The BoG governor would like…
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Hello Kigali: Technology to drive business growth in Ghana
Business Leaders in the public as well as private sector partaking in Hello Kigali, Citi FM’s business tour are projecting a significant increase in the use of technology in business operations in Ghana in the short to medium term. They believe ICT has been underutilized in Ghana in propelling business growth despite significant inroads made…
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Producer inflation drops sharply to 4.9 percent in December 2016
The producer price inflation for December 2016 fell to 4.9 percent from the 11.9 percent in November, the Ghana Statistical Service has stated. By this, the ex-factory prices of goods and services for all industry increased on average by 4.9 percent in December 2016 relative to the price level recorded in December 2015. However compared…
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#HelloKigali tour makes stops at key gov’t agencies
Learning from Rwanda’s successful systems in tax implementations and effective public sector are but some of the expectations of participants of Citi FM’s Hello Kigali tour. The business leaders from both the public and private sectors, are also hopeful of implementing the model adopted by Rwanda back here in Ghana. “I decided to join the…
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Businesses lament over 25.5 % policy rate
Private sector businesses and economists want the Bank of Ghana to review its stance in pegging the policy rate at 25.5 percent in January 2017. They argue that the development is less likely to compel commercial banks to adjust their respective rates on loans and advances to customers. The Monetary Policy Committee of the central…