BUSINESS

Some 850,000 Ghanaians pushed into poverty in 2022 – World Bank

The World Bank says some 850,000 Ghanaians were pushed into poverty in 2022 because of rising prices of goods and services. The Bank said this in its latest Ghana Economic Update report titled: “Price Surge: Unravelling Inflation’s Toll on Poverty and Food Security,” launched in Accra on Wednesday. The inflationary …

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Chartered Institute Of Realtors To Be Launched In Ghana  

    The Chartered Institute of Realtors (CIR), a body of real estate professionals dedicated to providing high-quality training and learning opportunities for its members within the ever-changing real estate industry worldwide is set to be launched in Ghana.   The event will draw a large audience from different facets …

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Low ESG credit impact scores to blame for recent credit downgrades

Kwame Sarpong Barnieh   Kwame Sarpong Barnieh, a Governance, Risk and Compliance Services (GRCS) Partner at KPMG Ghana, has attributed Ghana’s recent credit downgrades to low Environmental, Social and Governance (ESG) credit impact scores, with Moody’s citing a CIS-4 and Fitch, a CIS-5+.   “Our recent downgrades that caused a …

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Chris Ofikulu Named Banking CEO of The Year

    Chris Ofikulu, the Regional CEO of UBA West Africa and Managing Director of UBA Ghana has been named as the “Banking CEO of the Year 2023 ” published by the World Business Outlook Awards.   UBA Ghana also received accolades, including the Best Banking Service Provider in Ghana …

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Togo bird flu outbreak puts Ghana on high alert

Ghana has issued a high alert in response to the recent outbreak of Highly Pathogenic Avian Influenza A (H5N1), commonly known as bird flu, in Lomé, Togo. The Volta Regional Health Directorate confirmed that more than 1,000 birds have already been culled as a result of the outbreak. In a …

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CETAG to stage strike August 1

The leadership of the Colleges of Education Teachers Association (CETAG) has issued a notice to withdraw their services across the 46 public colleges of education, effective Tuesday, August 1. CETAG has stated that the government has until July 31, 2023, to implement the negotiated allowances agreed upon. This includes the …

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ECG needs private investment to settle its debts – ACEP

Executive Director of the African Centre for Energy Policy (ACEP), Benjamin Boakye, has stated that the Electricity Company of Ghana (ECG) needs private investment. According to him, government also needs to divide the financing requirements into manageable portions for Ghanaian businesses to take over. This, he said, would help the …

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AFDB FUNDING EXPECTED TO CREATE THOUSANDS OF JOBS FOR YOUTH AND WOMEN

    The Post COVID-19 Development and Productivity Enhancement Project (PSDPEP), with a funding of $31.34, will create a total of 4,800 direct employment and 20,000 indirect jobs after its successful execution.    The Government of Ghana (GoG) five-year agreement with the African Development Bank (AfDB) is expected to contribute …

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Ghana and Zambia sign MOU to foster relations

Zambia’s President, Hakainde Hichilema, and his wife Mutinta Hakainde, are in Ghana for a three-day official visit on request by President Akufo-Addo. The purpose of the visit is for the President of Zambia to grace the 2023 graduation ceremony of the Valley View University where both Presidents will be honored. …

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Swapped at birth – The bizarre story of McDan

This story may sound familiar to a lot of people who were, especially, born in some rural parts of Ghana, and even elsewhere in the world, because it is not new. But in his book, ‘The Path of An Eagle; Despair, Hope & Glory,’ Dr Daniel McKorley, the Chief Executive …

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Food suppliers to receive payments from July 17 – Minister

The Minister for Food and Agriculture, Bryan Acheampong, has revealed that the government will start payments of debts owed to Food Suppliers by July 17, 2023. The Food Suppliers have been picketing the National Food Buffer Stock Company (NAFCO) since July 7, 2023, to demand payment of GH¢278 million owed …

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ECG to embark on ‘Operation Zero’ from July 11

The Electricity Company of Ghana (ECG) has announced the launch of a new nationwide revenue mobilisation initiative known as “Operation Zero.” The exercise will begin on July 11 and end on September 11, 2023, according to the company. According to an ECG statement, the two-month campaign aims to recover every …

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Nutritional And Health Benefits You Can Get From Eating Snails

Snails, often considered a delicacy in many cuisines around the world, are not only tasty but also offer numerous nutritional and health benefits. These small mollusks are packed with essential nutrients and have been consumed for centuries in various cultures. In this article, we will explore the nutritional and health …

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Benefits of eating Pig Snouts/Nose

Pig snouts are healthy and palatable. Pig snouts contain natural oil. Pig snouts contains high level of proteins which can help promote strong bones and teeth. Pig snouts helps/encourage healthy skin and shiny fur. Most people prefer eating pig especially its SNOUTS (nose). Pig has a natural nutrients in its …

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Here is why IPPs suspended nationwide shutdown from July 1

Amidst threats of power shutdown by the Independent Power Producers (IPPs), the Managing Director of the Electricity Company (ECG), Samuel Dubik Mahama, has said that monies owed IPPs have not yet been paid but there has been a significate progress in agreement. According to a report on myjoyonline.com, the MD …

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Fuel prices to increase marginally from Monday – COPEC

The Chamber of Petroleum Consumers (COPEC) has predicted a marginal increment in fuel prices in this pricing window [July]. According to the Executive Secretary of COPEC, Duncan Amoah, petrol and diesel prices are expected to see an increment of 2.6% and 2.4% respectively at various pumps. He however noted that …

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Dangote ‘no longer’ richest investor on NGX – Report

A recent list compiled by Billionaires.Africa has shaken up the rankings on the Nigerian Exchange, revealing that Abdul Samad Rabiu, the leading billionaire businessman and industrialist, has overtaken Aliko Dangote as the richest investor in the country. According to data tracked by Billionaires.Africa, Rabiu’s holdings in his publicly listed businesses …

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St Monica’s SHS investigates death of student

The Chronicle Newspaper on May, 29, 2023, reported the death of a 17-year-old student at the St Monica’s Senior High School. The deceased student identified as Patience Amaning and a General Art student of the school is said to have been unwell for some time. According to the newspaper, despite …

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