Tag: NPP
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Gov’t to set up c’ttee to investigate foreign exchange regime – Ofori Atta
The Finance Minister, Ken Ofori-Atta has said that a committee will be set up to assess the foreign exchange regime of the New Patriotic Party (NPP). The Vice President, Dr. Mahamadu Bawumia on Wednesday reiterated that the NPP government has stabilised the economy and has put measures in place to maintain it. Speaking to Bernard Avle…
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GNPC begins processes to relocate to Takoradi
The Ghana National Petroleum Corporation, GNPC, has disclosed it has commenced processes to relocate the company’s operations to Takoradi in the Western region. According to the CEO of the GNPC, Dr. Kofi Koduah Sarpong, the outfit is embarking on this action to bring the development associated with the oil find and its operations, closer to…
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No Eurobond to be issued this year – Bawumia
Vice President Dr. Mahamudu Bawumia has stated that the NPP government will not issue any Eurobond and add unto the country’s debt burden. According to him, the government has resolved not to embark on any such move at least within this year. Speaking in an interview with the Head of Citi Business News desk, Vivian…
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Be measured in expectations of new gov’t – Nana Otuo Acheampong
Businesses may have to be moderate in their expectations of the new government in addressing their concerns immediately. This is the suggestion from Banking Consultant, Nana Otuo Acheampong. His advice comes on the back of renewed calls by various business associations on their expectations following the inauguration of President Nana Akufo-Addo. The calls have largely…
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Private sector will relive under my administration – Nana Addo
President Nana Akufo-Addo has reaffirmed his government’s plan to develop the country’s private sector to propel economic growth. To this end, an NPP government will lessen the burden that has impeded the growth of the sector. According to Nana Addo, the private sector is a critical component of economic development. He explains that the reduction…
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Abolish 15 percent capital gains tax – GSE to NPP
The Ghana Stock Exchange (GSE) has impressed on the incoming NPP government to abolish the capital gains tax when it finally assumes power in 2017. According to managers of the market, the continuous imposition of the tax is a disincentive for investors and has also adversely affected the market. “Our particular worry is that even…
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2017 ‘imminent’ dumsor must not occur – Kwame Jantuah
Oil and Gas Analyst, Kwame Jantuah has impressed on both the governing NDC and incoming NPP government to work to avert any load shedding regime early next year. He argues that the impact of another round of load shedding will be disastrous for businesses. Kwame Jantuah’s comments follow concerns by some industry players of a…
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NPP gov’t should pursue misappropriation of oil revenue – PIAC
The Public Interest and Accountability Committee (PIAC) wants the Nana Akufo Addo led administration to demonstrate its willingness to enforce the Petroleum Revenue Management Act (PRMA) and give value for money. In PIAC’s view, its work would yield the necessary results if government machinery acts on findings indicating instances of misappropriation. Though the Chairman of…
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We will give NPP time to address our challenges – GNCCI
Business Associations have stated that the business industry will not pressurize the incoming government into fulfilling promises made to them at least for the first six months in office. According to them, the new government must be allowed to work over a period of time to fulfill its promises made to industry. “I think we…
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Biz of Elections: Politicians dish out thousands to erect billboards
Political parties and politicians, during election years, dole out huge amounts of money on billboards across the country as part of election campaign methods. Checks by Citi Business News show that it cost as much as 6,500 cedis to obtain a license from the Accra Metropolitan Assembly (AMA), to mount a billboard in the Greater…