Tag: President Akufo Addo
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High interest rates stifling economic growth – Akufo-Addo
President Akufo-Addo has admitted that high interest rates charged by banks remains a major stumbling block to economic growth in the country. He says Ghanaian businesses can only become competitive in the sub-region and beyond if interest rates drop significantly. The latest Annual Percentage Rate (APR) report from the Bank of Ghana indicates that banks…
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Akufo-Addo launches initiative to rally support in fight against plastics
President Nana Addo Dankwa Akufo-Addo on Tuesday launched a national initiative that will see the country join the Global Plastic Action Partnership (GPAP) project aimed at addressing and managing the environmental impact of plastic waste in the country. The Ghana National Plastic Action Partnership (NPAP), a collaboration with the Global Plastic Action Partnership (GPAP), is…
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President cuts sod for second phase of Tamale Airport project
President Nana Addo Dankwa Akufo-Addo Thursday cut the sod for the commencement of the US$70 million second phase project of the Tamale Airport that is expected to be completed in 30 months. The second phase consists of the construction of an ultra-modern terminal building, together with a multi-purpose hajj facility, and other ancillary facilities, expected…
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Africa’s Transformation Beyond Aid is a must — Akufo-Addo
Africa’s transformation beyond aid is a must, President Nana Addo Dankwa Akufo-Addo has charged. The President addressing the 2019 African Caucus Meeting in Accra said African countries can tap into their youthful and dynamic workforce to drive their economies, and make the continent a powerhouse in the global economy. The annual Africa Caucus meeting brought…
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Banking sector reforms fortified economy — President Akufo-Addo
President Nana Addo Dankwa Akufo-Addo on Wednesday defended government’s decision to reform the banking sector, saying the measure had ensured the stability of the country’s economy. “The measures we took saved the banking industry from a very dire situation,” he said when he opened the new headquarters building of the CalBank situated at 23 Independence…
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Eni commits to SDGs with Ghana operations
President Akufo-Addo has met with and the CEO of Eni, Claudio Descalzi to discuss Eni’s operational activities in Ghana. The meeting also looked at the frontrunner role Ghana can play in the partnership Eni recently signed with UNDP. The partnership seeks to combine efforts on the development of renewable energy, energy efficiency, forestry and clean cooking…
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Ghana, China sign co-operation agreements for development
Ghana and China have signed eight Co-operation Agreements and Memoranda of Understanding, in different sectors of their respective economies, aimed at deepening the ties of co-operation and the bonds of friendship that exist between the two countries. The agreements were signed on Saturday, 1st September 2018, after the President of the Republic, Nana Addo Dankwa…
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BoG must decide extension of recapitalization deadline
The independence of the Bank of Ghana (BoG) must be allowed to prevail even as appeals are considered from local banks for an extension of the deadline for recapitalization. This should also build a strong financial sector with the capacity to support economic growth. That is the suggestion from Financial Analyst, Professor Godfred Bokpin. His…
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President meets local banks over extension of recapitalization date
Citi Business News understands that the President, Nana Addo Dankwa Akufo Addo, has met some Managing Directors and Chief Executive Officers of local banks in the country to discuss the request for an extension in the deadline date of the minimum capital requirement for indigenous banks. The local banks are appealing for an extension of…
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President demands quality service from new PURC Board
President Akufo Addo has appointed Mr. Michael Opam as the Board Chairman of the Public Utility Regulatory Commission (PURC). He is to Chair the Board which has eight others as members. Speaking at the inauguration of the board on Monday, November 27, 2017, the President charged the Commission to sanction all utility providers that fail…