BUSINESS

Newmont Mine to affect portions of Sunyani-Kumasi highway

Newmont Goldcorp has affirmed its readiness to divert the Afrisipakrom -Techire road, as the company finalises processes to commence actual mining on its Ahafo North concessional area. The Company’s Ahafo North concession is expected to cover 4,000 hectares of land around five major towns – Yamfo, Adrobaa, Susuanso, Terchire and …

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Local firms lack capacity to print currency notes – Bank of Ghana

The Head of Currency Management at the Bank of Ghana, John Gyamfi, says the Central Bank for the foreseeable future will continue to print Ghana’s currency notes with well-proven and trusted international companies as local firms lack the capacity to execute such jobs. The comment follows the revelation that the …

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80% of HIV patients in Ghana are Christians – AIDS Commission

The Ghana AIDS Commission has revealed that Christians constitute about 80 per cent of Persons Living HIV (PLHIV) in Ghana. Officials attribute the trend to less active social mobilisation and community participation in the campaign on risk behaviours. Speaking at an event in to mark World Aids Day at Kwadaso …

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COCOBOD failed us – 70% of cocoa farmers

About 70 per cent of cocoa farmers in Ghana believe that the Ghana Cocoa Board (COCOBOD) does not serve their interest, a report by Imani Ghana, has noted. The survey dubbed “Exploring the revenue management and producer pricing mechanism within Ghana’s cocoa sector” also noted that 94 percent of cocoa …

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7 mining companies dragged to court for ‘mining illegally’

Seven mining companies, the Attorney General and Minerals Commission have been hauled to court over alleged illegalities. The plaintiff, David Addo has commissioned the actions in his capacity as a Ghanaian. Mr Addo claims AngloGold Gold Ashanti Iduapriem Ltd, Newmont Ghana Ltd, AngloGold Ashanti Ghana Ltd, Newmont Ghana Gold Ltd, …

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African countries borrowing like it’s the 1990s – IMF

Record commodity prices and low global interest rates have encouraged African countries to borrow as they did in the 1990s, but now some are struggling to pay up as their revenue slows along with economic growth. The debt of governments as a percentage of gross domestic product in sub-Saharan Africa …

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Crane Currency of USA printed GH¢200, GH¢100 notes

It has emerged that Crane Currency, a currency and security printing company in the United States of America (USA), printed the newly introduced GH¢200 and GH¢100 banknotes for the country. Information available to the GRAPHIC BUSINESS indicated that Crane Currency, which prides itself as being in the currency business for …

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Teacher Unions sabotaging us with their strike – Govt

Government has described the ongoing strike by Teacher Unions as sabotage after their meeting with the unions ended inconclusively. Government’s meeting with the teacher unions to resolve the issue of legacy arrears did not end well, the PRO for the Education Ministry, Vincent Ekow Assafuah speaking to Joy FM accused …

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SHS closed over bedbugs

A piece of information gathered has it that the Students at Mayani Secondary School in Dedza have been sent home following the temporary closure of the institution due to an outbreak of bedbugs. The school, like many other schools in the country, was supposed to close this term on 21 …

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MTN unhappy with NCA directive

MTN Ghana has expressed deep concern about the recent sanctions by the National Communications Authority, considering what it describes as the efforts put in place to resolve the issues following the receipt of varied complaints on December 2, 2019. The telecom regulator fined the telecommunications giant a total of GHS110, …

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GHACEM increases cement prices

The management of GHACEM cement has announced an increase in the prices of its products. The new prices will take effect from Wednesday, 11 December 2019. A statement signed by Commercial Director for GHACEM, Nana Phillip Archer, on Monday, December 9 said the upward adjustment is due to, among other …

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Chantan Zone Of COP Supports Experimental Schools

Chantan, Nii Okaiman and Israel Districts of the Church of Pentecost in the Kaneshie Area on Thursday, 5th December, 2019, visited and donated 100 bags of cement worth GHC 3, 100.00 to the Abeka Motorway Basic School and Chantan M. A. Experimental Basic School which share a common compound as …

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Tullow Oil CEO quits over poor production from Ghana fields

Tullow Oil Plc’s chief executive officer and exploration director quit after the company cut its production outlook and suspended the dividend. The shares tumbled, deepening their loss for the year to more than 60%. CEO Paul McDade and exploration chief Angus McCoss resigned with immediate effect, marking the exit of …

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Teachers begin strike today over unpaid salaries

Teachers across the country’s public schools are this morning beginning a strike to demand payment of their salary arrears. Three unions, the Ghana National Association of Teachers(GNAT), the National Association of Graduate Teachers(NAGRAT) and the Coalition of Concerned Teachers(CCT) had earlier given Education officials a December 5, 2019 deadline to …

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Menzgold to announce payment schedule Dec. 18

Menzgold has said it will announce a payment schedule and formula for its customers on December 18. It comes after the company asked customers whose funds have been locked up to visits centres across the country to validate their documents. The latest notification is silent on when payment, which is …

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Girls in rural areas forced to exchange sex for sanitary pads

Accessing Menstrual Management Products in rural parts of Ghana is still a challenge forcing many teenage girls to sometimes exchange sex for Sanitary pads. The high prevalence of poverty in rural parts of Ghana continues to worsen the plight of young girls who in desperate attempts to have menstrual hygiene …

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Kokofu D/A JHS closed down after assault on headteacher

The Kokofu D/A Junior High School near Goaso in the Ahafo region has been closed down temporarily following an assault on the headteacher a week ago. A group of young men and women stormed the school premises and assaulted the headteacher for canning a pupil of the school. According to …

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Strike by teacher unions shocking and illegal – GES

The Ghana Education Service (GES) is shocked at the decision by three teacher unions to embark on a strike on Monday over supposed delays in the payment of their arrears. According to GES, the industrial action declared by the teachers is illegal and ‘grossly an abuse of principle of good …

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GIADEC to own 30% shares of bauxite mining companies – CEO

Chief Executive Officer(CEO) of the Ghana Integrated Aluminium Development Corporation (GIADEC), Michael Ansah, has said that the corporation will have a 30 per cent minimum stake in business entities selected to mine Ghana’s bauxite. “The Act through which GIADEC was created stipulates that, the corporation must own 30 per cent …

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SSNIT to stop paying monthly benefits to pensioners in 2020

The Social Security and National Insurance Trust (SSNIT) says it will from February 2020 cease payment of monthly benefits to all pensioners who fail to biometrically register with the scheme. All names pensioners on SSNIT who have not done the biometric registration the scheme will automatically have their names deleted …

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GES shocked by ‘illegitimate’ Teacher Unions strike

The Ghana Education Service is shocked by the decision of three Teacher Unions to embark on a strike over the non-payment of salary arrears. The three Unions – Ghana National Association of Teachers (GNAT), National Association of Graduate Teachers (NAGRAT) and the Coalition of Concerned Teachers Ghana (CCT-GH) – declared the …

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