BUSINESS

Government working on Amazon operating in Ghana – Finance Minister

The Ghana Investment Promotion Centre (GIPC) is working assiduously to attract Amazon to Ghana, Finance Minister, Ken Ofori-Atta, has said. According to the Finance Minister, the move was to deepen the technological entrepreneurial ecosystem for Ghanaian entrepreneurs. Addressing the country on the measures being introduced by the government to prop up …

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President Wades Into Citi FM Impasse

President Akufo-Addo has waded into the impasse generated by an allegation that a journalist of Accra-based Citi FM was manhandled by National Security operatives. To this end, he has directed his Secretary, Nana Bediatuo Asante, to intervene following which the scribe has already ‘reached out to the affected journalists to …

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Susu operations go digital in Ghana

  The operations of Susu collectors in Ghana are increasingly becoming digitised following a partnership between the Ghana Co-operative Susu Collectors Association (GCSCA) and Savings at the Frontier. Operators of the financial scheme say with proper data build up and management, they can now easily access the information of clients …

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Interbank Board: Exchange rate for May 14

On the interbank board today May 14, 2021, the Ghana Cedi is trading against the dollar at a buying price of 5.7278 and a selling price of 5.7336 as compared to last Wednesday’s trading of a buying price of 5.7282 and selling price of 5.7340. It is trading against the …

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IMF lauds Ghana’s 2021 budget policies

The International Monetary Fund (IMF) has backed government’s recent policy towards fiscal consolidation as captured by the 2021 budget. Leader of IMF’s mission Carlo Sdralevich made these observations at the end of virtual meetings under Article IV between Wednesday, April 28 and Wednesday, May 12. “The 2021 budget’s recent policy …

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Debt increase of 137% between 2016 and 2020 lower than previous administrations – Ofori-Atta

Ghana’s debt increase of 137 percent between 2016 and 2020 is lower than that of previous administrations, Finance Minister, Ken Ofori-Atta has disclosed. Comparing debt levels of all the past governments, Mr Ofori-Atta said the rate of increase in debt presently, was lower than that of former President John Kufuor, late former …

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Is Yaya Toure Africa’s greatest ever midfielder?

  It’s not often that a transfer move causes such a transformative effect for a player as when Yaya Toure, who celebrates his 38th birthday on Thursday, swapping Barcelona for Manchester City in 2010. The Ivory Coast midfielder joined the nouveau riche Citizens just as they were aspiring to supplant …

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LPG marketers fear losing GH¢60 million investment

  A GH¢60million investment by the Liquefied Petroleum Gas Marketing Companies (LPGMCs) Association into building about 100 LPG retail outlets before the 2017 Atomic Junction accident in Accra is at risk of going down the drain. Government, after the incident which happened on October 27, placed a ban on new …

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COCOBOD unhappy about women share of cocoa profits

  The Ghana COCOBOD has expressed worry that women farmers in the country do not receive equal share of profits from cocoa income, despite their significant contributions towards the growth of the nation’s cocoa sector. Mrs Faustina Elikplim Aberor, the Bono, Bono East and Ahafo Regional Extension Officer, Cocoa Health …

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Kejetia Fires: Traders rush to cash in on late Eid sales

  Traders at the Kejetia Market had to catch a late wind of Eid sales on Wednesday as the New Market Complex was closed till 10 o’clock. This was to make room for investigators to cordon off the area which was gutted by fire the night earlier. For the timely …

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