Tag: Government of Ghana
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Ghana’s worsening debt situation forced gov’t to IMF – Bawumia
Vice President, Dr. Mahamudu Bawumia has explained why the government is seeking financial assistance from the International Monetary Fund (IMF) despite earlier claims that the economy was buoyant. Speaking at the launch of two new high-level information technology programmes at Accra Business School at Baatson in Accra, Dr. Bawumia explained that apart from the Covid-19…
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Gov’t of Ghana to acquire 100 percent shares in AirtelTigo
Stakeholders in Ghana’s telecommunication industry are confident that the acquisition of a 100 percent of the shares of AirtelTigo by the Government of Ghana, will not impact the user experience of the customers of the network. According to them, aside from the transfer of the shares from Bharti Airtel Limited to Ghana’s government, business should…
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We’re ready to receive GNPC Gas and save Gov’t money – Cenpower
The Board Chairman of Cenpower Generation Company Limited, operators of the Kpone Independent Power Plant, has assured of his outfit’s readiness to receive and use gas from the Ghana National Petroleum Corporation (GNPC) as part of a new agreement with government, which is expected to lead to savings of about $ 3 billion dollars over…
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GCNet’s operations restored after UNI-PASS’ poor takeoff
Ghana’s Single Window portal that houses the manifest, declaration and logistics module in the goods clearance chain at the ports, GCNet, says it has been able to process over 1,500 declarations just an hour after the company was directed to restart operations. GCNet was ordered by the Office of the Senior Minister to handover the…
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UNIPASS system not ready for take off; it is still facing challenges – GIFF President
The President of the Ghana Institute of Freight Forwarders, Eddie Akrong, says the UNIPASS system currently undergoing piloting at some designated entry points is facing challenges. He says only one declaration has gone through the system since the piloting started. The UNI-PASS International Agency of Korea Customs Services and its local partner, Ghana Link Network…
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GIPC woos US investors at business meeting with Mayor of Broward County
The Ghana Investment Promotion Centre (GIPC) has intensified efforts to boost investments in the country with a call on foreign governments and individuals to take advantage of the country’s numerous investment prospects to facilitate development. The Centre says there are many investment opportunities that are underutilized or untapped, requiring huge capital and human investments. An…
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Gov’t begins payment of arrears to cocoa roads contractors
Road contractors who worked on various cocoa roads in the country say the government has begun paying them their outstanding arrears. They tell Citi Business News they have been assured of a 40 percent payment by the end of January. The contractors earlier gave government up to January 1, 2020, to pay all arrears or…
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Government’s Gh¢1.32 billion owed GNPC needs urgent attention — Parliament
A report by the Finance Committee of Parliament has revealed that state-owned entities (SOEs) have defaulted in paying some GH¢1.32 billion owed the Ghana National Petroleum Corporation (GNPC) — an act which the committee warns would negatively impact on the company’s operations. The Committee in its assessment of the 2018 PIAC Semi-Annual Report on the…