BUSINESS

GH¢442.7m SSNIT funds locked up in non-performing investment – Audit Report

Ad • The audit report says more than ¢440 million locked up in non-performing investments • The report stated SSNIT did not receive any returns from two of the companies for investments made since 2005 • The Auditor-General has called for the strengthening of supervisory controls The 2020 audit report …

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I haven’t been sacked – GNPC Boss

The Chief Executive Officer(CEO) of the Ghana National Petroleum Corporation (GNPC), Dr. K.K Sarpong, has debunked speculations that President Nana Akufo-Addo has dismissed him from office. Peace FM’s ‘Kokrokoo’ programme host, Kwami Sefa Kayi, in an interview with the GNPC Boss on Thursday, August 12, 2021, asked him about some …

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Singapore to increase investment in Ghana through Africa-Singapore Summit

Through its agency, Enterprise Singapore, the government of Singapore has announced plans to widen its scope of investment in Ghana to help accelerate development and boost trade. Speaking to Ghanaian journalists about the upcoming 2021 edition of the Singapore-Africa Summit, the Director for West and Central Africa at Enterprise Singapore, …

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Ghana signs deal with German firm to rollout digital currency

The Bank of Ghana has partnered Giesecke+Devrient (G+D) to pilot a general-purpose Central Bank Digital Currency (retail CBDC) in Ghana. G+D is providing the technology and developing the solution adapted to Ghana’s requirements, which will be tested in a trial phase with banks, payment service providers, merchants, consumers and other …

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Dangote is Africa’s richest for 8th consecutive year – Bloomberg

Africa’s richest man saw his fortune grow by 3 billion dollars over the last year, according to American business news portal, Bloomberg. Nigeria’s Alhaji Aliko Dangote, whiles consolidating his place as the continent’s undisputed money man has also risen up the global rankings to the 117th most richest. This is …

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Over 5.8 million transactions recorded on Ghana.Gov platform – Ofori-Atta

• Finance Minister Ken Ofori-Atta said the Ghana.Gov has over 5.8 million transactions since its inception in June 2020 • Although over GH¢21 billion of revenue has been recorded, Ken Ofori-Atta said more is expected from the GRA and other government agencies • The platform was officially launched in July 2021 Finance …

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Akufo-Addo commissions 16 million-Dollar Tomato processing factory in Domfete

President Nana Addo Dankwa Akufo-AddoTuesday commissioned the $16 million Weddi Africa Tomato Processing Factory at Domfete, in the Berekum West District of the Bono Region. The Government, through Ghana Exim Bank and ADB Bank Ghana, facilitated the acquisition of the loan facility to support the establishment and operations of the …

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Public servants urged to cope with 4% base pay increase

•Public servants have been advised to cope with a 4 and 7% base pay increase •Austin Gamey believes a renegotiation of the agreement will be difficult •Public servants have been up in arms with the announcement as its the lowest in a decade  A labour expert, Austin Gamey has urged …

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Visa-free entry for Ghanaian passport to the UAE has not been fully implemented – Report

• The Ghana Embassy in Abu Dhabi has said a visa-free entry for Ghanaian passport to the UAE has not been fully implemented • The Embassy has asked Ghanaians to disregard the information • A report to Parliament said the move seeks to foster bilateral relations between Ghana and the …

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Stakeholders discuss tobacco taxation to reduce consumption

The Vision for Alternative Development Tax Advocacy Network for Health Promotion has held a national stakeholder meeting on tobacco taxation to help reduce tobacco consumption in Ghana. The non-governmental organization is undertaking a tobacco taxation project in the country under the auspices of the Tax Justice Network Africa (TJNA), with …

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