BUSINESS

PHOTOS: Students beg for water as shortage hits Damango

Students of Damango Senior High School (SHS) in the Savannah Region are calling on the authorities to help with water supply after an acute water shortage hit the community. The students now have to pay GHS1.50 to get a jerrycan of water or spend about two days searching for water …

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Fuel to go up marginally – IES

The price of fuel on the local market remained largely stable within the first pricing window, the Institute of Energy Security has said. In a statement, IES said the price of petroleum products within the first pricing-window of February 2021 saw few Oil Marketing Companies (OMCs) increasing their figures marginally …

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COVID-19: Akosombo Int’l School begins shift system

Akosombo International School is set to begin a shift system to curb the spread of Covid-19 infection in the school. This comes on the back of about 80 positive cases recorded in the school after three weeks of reopening. The Volta River Authority (VRA) announced the development in a press statement …

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KNUST Student arrested Over Threat To Burn Down Supreme Court

The Police have reportedly arrested An Emergency Nursing student of the Kwame Nkrumah University of Science and Technology, Simon Awini Ayamga. Simon Awini’s arrest comes after he reportedly threatened to burn down the Supreme Court of Ghana. According to a report by GhanaXtra, Simon while commenting on WhatsApp group warned …

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T-Bills oversubscribed 96%; interest rates fall

Rates of Treasury securities have fallen as government recorded 96% oversubscription of its latest Treasury bills sale, figures from the Bank of Ghana have revealed. The figures further indicated that investor interest in the government’s short term securities continues to soar, particularly the three-month T-Bills. However, the government’s decision to …

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Universities’ Senior Staff suspend strike

The Senior Staff Association of Universities of Ghana (SSA-UOG) has suspended its industrial action. Members of the association have been on strike for close to three weeks in protest of delay by the government to pay outstanding Tier-2 contributions of their retired members. The suspension follows an interlocutory injunction secured …

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Kumasi traders to embark on strike

Traders at the Kumasi Central Market are threatening to boycott activities in protest of what they claim to be their relocation with no adequate accommodation arrangement. The city authority has accused the traders of failing to move to designated areas to pave way for the second phase of the market …

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2020 FRANCOPHONIE French Quiz Competition Held In Accra

The final results of the 2020 edition of the Francophonie French Quiz Competition have been released. The quiz is organized annually to enrich and revive the spirit of the study of the French language among Ghanaians.   Announcing the results during the last program for the Primary School category, which …

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International tourism to Ghana declines by almost 70 percent – GTA

Figures related to international tourism to Ghana showed a 69 percent decline in 2020, the Ghana Tourism Authority (GTA) has revealed. The authority explains the shortfall can been attributed to the adverse impact of the Coronavirus pandemic amid travel restrictions and lockdowns. Nelson Jones, the Acting Director of Public Affairs at the …

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COVID-19: Close schools now – GMA to gov’t

The Ghana Medical Association (GMA) says schools in the country must be shut down in order to control the rising spread of Coronavirus in the country. The call comes in the wake of increasing fatalities among COVID patients in the country. The death rate of the virus has reached 464 …

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Bank lending rates falling – Report

Even though the Bank of Ghana has announced that it is maintaining its benchmark Monetary Policy Rate at 14.5 percent for the next two months, borrowers are benefitting from the fact that interest rates continue to fall in Ghana despite government’s unprecedented demand for fiscal deficit financing. Ultimately monetary easing by the …

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Recruitment of doctors, dentists to begin 9 Feb

Recruitment of medical doctors and dentists who have completed their house jobs into the Ministry of Health, will commence on Tuesday, 9 February 2021. This was announced by the Ministry in a statement issued by its Acting Chief Director, Kwabena Boadu Oku-Afari on behalf of the Minister. The statement informed …

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Tomato traders assoc. to embark on strike from 7 Feb.

The Tomato Traders and Transporters Association of Ghana will embark on a strike action effective Sunday, 7 February, 2020. The strike action by the association is in protest against the spate of armed robbery attacks on its members on the Kumasi-Bolga-Burkina Faso road. According to the group, seven of its …

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Government gives Ave SHS a new bus

Ave Senior High School (AVESCO) in the Akatsi North District has received a donation of a new bus from the government. The 5×23-seater bus with registration number, GV 2196-20 was one of the 100 buses donated to second cycle institutions across the country. Until the donation, the School had just …

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Consumer, business confidence in economy high – BoG

Consumer and business confidence in the Ghanaian economy continues to soar in spite of the difficult macroeconomic challenges facing the country, the Bank of Ghana (BoG) has said. Governor of the BoG, Dr Ernest Addison who disclosed this in a press statement on the 98th meeting of the Monetary Policy Committee (MPC) …

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Rolls-Royce eyes Africa as new energy market with deals push

Rolls-Royce Holdings Plc is betting on expanding in Africa to grow the power-systems division after its main business building and maintaining wide-body jet engines was derailed by the coronavirus. The continent’s abundant natural resources, fast-growing economies and increasing urbanization make it a promising market for the unit, Rolls-Royce Strategic Marketing …

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Economic recovery will be prolonged – Bank of Ghana cautions

The Bank of Ghana (BoG) has expressed fears that economic recovery from the havoc wreaked by the COVID-19 pandemic will take longer than initially anticipated. It said although economic activities had picked up quite well following a contraction in the second and the third quarter of last year, the resurgence in the pandemic earlier …

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