Tag: President Akufo Addo
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‘IMF support will help revive our economy’ – Akufo-Addo
President Nana Akufo-Addo is confident the International Monetary Fund support government is seeking will help restore macroeconomic stability and revive the distressed economy. Nana Akufo-Addo says many countries across the world are suffering from an economic meltdown. Speaking at the swearing-in of some new Ambassadors and High Commissioners at the Jubilee House, Nana Akufo-Addo said…
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“African Risk Premium” makes borrowing expensive for Africa – Akufo-Addo laments
As Ghana continues to be locked out of the international capital market, due to its high debt-to-GDP ratio as well as its poor credit ratings among others, President Akufo-Addo is calling for a scrapping of the “African risk premium” calculated into loans given to African countries. According to him, the phenomenon only makes the cost…
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Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo
Foreign illicit financial transactions and tax evasion by multinational companies are draining Africa’s domestic resources and depriving it of crucial investment funds. This is according to President Nana Addo Dankwa Akufo-Addo. According to him, the phenomenon is denying the continent the needed tax revenue to finance important development programmes for the country. Speaking during the…
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President woos Norwegian investors to back Ghana’s railway sector
President Akufo-Addo has urged investors from Norway to consider partnering government to develop a modern railway network in the country. This follows recent comments by the Minister for Railway Development, John Peter Amewu, to the effect that the government would not be able to construct any sky train in the country in the near future.…
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Akufo-Addo calls for increased Japanese investments in Ghana
President Nana Addo Dankwa Akufo-Addo has called on Japanese companies to channel their investments into Ghana’s manufacturing sector. According to the President, close collaboration between Ghana and Japan especially in the area of industrialization will among other things help in reducing unemployment in the country. He made the remarks at the formal opening ceremony of…
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Honour your tax obligations – Nana Addo cautions lawyers and business professionals
President Nana Akufo-Addo has charged members of the legal fraternity to honour their tax obligations or face the rigours of the law. This comes barely a month after the Ghana Revenue Authority (GRA) disclosed that over 60,000 business professionals have been evading tax, per an exercise conducted. Speaking at the Ghana Bar Conference in the…
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New petroleum hub will give economy a major boost – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has expressed confidence in the ability of the upcoming petroleum hub, saying it will drastically improve the fortunes of Ghana’s petroleum industry. Parliament last year passed the Petroleum Hub Development Corporation Bill, to facilitate the establishment of a petroleum and petrochemical hub in the country, which will be provided with…
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Resolve high interest rate concerns – Akufo-Addo urges new BoG board
President Nana Akufo-Addo has charged the new board of the Bank of Ghana to interrogate the issue of high interest rates in the country. According to the President, a low interest rate for businesses in the country is critical for ensuring that Ghanaian businesses become and stay competitive. The President made the remarks at the…
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Government focused on creating level playing field for businesses – Nana Addo
President Nana Akufo-Addo has in an interview with CNN highlighted his government’s aim of creating an enabling environment to allow local businesses to thrive while wooing foreign businesses to invest in the Ghanaian economy. This comes on the back of Twitter’s decision to base its African headquarters in Ghana. When asked about measures put in…
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Ghana a safe, peaceful destination for investments – Akufo-Addo woos Spanish investors
Ghanaian President, Nana Addo Dankwa Akufo-Addo has urged Spanish business owners to turn their attention towards Ghana telling them that the West African country is a safe place to invest their money. “As most of you know, Ghana is a haven of peace, security and stability, indeed, the safest country in West Africa, where legitimate…