BUSINESS

What Akufo-Addo said about going to IMF in 2015

While in opposition, the New Patriotic Party in the lead up to the 2016 elections consistently lambasted the John Dramani Mahama administration particularly on issues bothering on the economic management of the country. From corruption allegations to inflation issues, the NPP accused NDC of gross incompetence at managing the economy and further saddling Ghanaians …

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GES sacks 27 teachers over fake appointment letters

Twenty-seven teachers in some basic schools in the North East Region have been dismissed by the Ghana Education Service (GES) for allegedly joining the service with fake appointment letters. The victims are said to have secured postings to the various schools with fake appointment and posting letters bearing the signature …

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Ghana is now world’s largest exporter of yam – GEPA

Ghana Export Promotion Authority (GEPA) has announced that Ghana has become the world’s largest exporter of yam after raking in $48 million last year. According to Asaaseradio.com, Ghana now controls 24% of the $200 million global export market. This has led to the growth of the country’s export value from …

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TOR to restart operations; refine about 45,000 barrels per day

The Tema Oil Refinery (TOR) is expected to restart operations in the coming months to help boost the domestic supply of refined oil products in the wake of the ongoing global oil market crisis. The state-owned refinery when fully operational is expected to produce some 45,000 barrels of oil per day. A …

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UK regulator fines Ghana International Bank £5.8 million

Ghana International Bank PLC (GIB) has been fined 5.8 million pounds by a United Kingdom regulator – Financial Conduct Authority (FCA) for failing to adhere to anti-money laundering and counter-terrorist financial controls. The breach in the anti-money laundering and counter-terrorist control, the FCA said, happened over its correspondent banking activities …

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ECG cuts power to Kejetia market over debt

The Electricity Company of Ghana has cut a grid again to the Kumasi Kejetia Market in the Kumasi Metropolis of the Ashanti region over unpaid bills. The power was disconnected from the market by the power distribution company on Wednesday, June 22, 2022. Due to the power cut, the market …

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Interest rate on MoMo loans to go up

Amid rising interest rates on the money market, Chief Executive Officer of Letshego Ghana, Arnold Parker, has revealed that interest rates on Qwikloans will increase in the coming weeks. Qwikloan, an innovative financial solution by Letshego Ghana and MTN Mobile Money (MoMo), provides short-term, unsecured, quick and convenient loans to …

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Monkey pox: 9-month-old baby among Ghana’s 18 cases

Persons affected by the viral disease; Monkeypox in Ghana include a 9-month-old baby, the Ghana Health Service (GHS) has disclosed. The country has recorded 72 cases of Monkeypox so far, with 18 positive tests as of Tuesday, June 14 2022. Speaking at a media engagement on Wednesday, June 22, 2022, …

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No case of Ebola in Ghana – Ghana Health Service

The Ghana Health Service (GHS) says there is no case of Ebola in Ghana, contrary to earlier media reports. The Director General of GHS, Dr. Patrick Kuma-Aboagye at a meet the press session on Wednesday, said the supposed Ebola case in Tamale was a simulation exercise. According to him, various …

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Confirmed cases of Monkeypox increase to 18—GHS

The Ghana Health Service (GHS) says confirmed cases of Monkeypox has increased from five in the last update to 18 which represent 25.0 per cent. Dr Patrick Kuma-Aboagye, the Director General of the GHS, said the confirmed cases were among the 72 suspected cases of Monkeypox which was investigated as …

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Mining firm Glencore pleads guilty to UK bribery charges

A British subsidiary of the mining firm Glencore has pleaded guilty in a UK court to corruption offences for the second time in the last two months.It was accused of paying millions of dollars in bribes to secure access to crude oil in several African countries. The Serious Fraud Office …

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Fuel Shortage: No need to panic—Senyo Hosi

There is no need to panic about fuel shortage in the country, Mr Senyo Hosi, the Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors, has said. He said the country had one month fuel cover and urged the public not to engage in panic buying. “Yes, we …

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179 Menzgold customers have died – Fred Forson

179 customers have died as a result of their locked up cash with defunct gold dealership firm – Menzgold, Convener of Aggrieved Customers, Fred Forson, has said. Aside from the people who passed away, Forson said several others have various ailments and to some extent, are bedridden. Speaking in an …

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GHS records three Covid-19 deaths in two days

The Ghana Health Service (GHS) has reported three covid-19 related deaths after the country began recording new cases over the past weeks. The three deaths were recorded between June 14 to June 16. GHS has also reported 243 new cases with 14 of the cases being severe and two people in critical …

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There is no food shortage in Ghana – Agric Minister

Minister for Food and Agriculture, Dr Owusu Afriyie Akoto, has reiterated that there is no food shortage in Ghana. “There is no food shortage in Ghana as is being speculated, the food situation in the regions is enough evidence, however, we recognise that food is relatively expensive due to external factors.” …

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Plan in place to revamp Tema Oil Refinery – Egyapa Mercer

As Ghanaians look for some reprieve in the petroleum sector amid soaring prices, a Deputy Minister for Energy, Andrew Egyapa Mercer, has said the Tema Oil Refinery (TOR) could be back online by the end of 2022. In April, he said, the management of TOR sought approval from the Ministry …

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Government withdraws Tax Exemptions Bills from Parliament

Government has withdrawn the Tax Exemptions Bill 2021, which seeks to prevent a significant loss of government revenue from Parliament. This is after Deputy Finance Minister John Kuma has sought the leave of the House to withdraw the bill and to re-laid it later in the House. The Exemptions Bill …

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