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BUSINESS

SEC warns investors to avoid Wiseling Online Investment Company

The Securities and Exchange Commission (SEC) says Wiseling Online Investment Company, a Finnish-based company operating in Ghana, has not been licensed by it to carry out any Capital Market activity. This Capital Market activity including investing or trading for returns is mandated by Section 3 of the Securities Industry Act, …

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WhatsApp explains what happens if you don’t accept its new privacy policy

WhatsApp has detailed what will happen to users who don’t accept its new privacy policy in an FAQ on its website. Starting May 15th, its functionality will become more limited, and users will no longer be able to send or read messages from the app. They’ll still be able to …

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Cocoa farmers threaten demo over government’s indebtedness to them

The Coalition of Cocoa farmers of Ghana has threatened to embark on a demonstration over the nonpayment of its members for produce supplied to the Ghana Cocoa Board (COCOBOD). The coalition has served notice to the government that it will stage a demonstration on Saturday, 6 March 2021 if payments …

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Here’s what to look out for in investment firms before investing

A lot goes into making financial decisions. From which financial institution is credible, to the interest rate an individual or an investor will earn aside from the principal invested. But the most important thing is how credible that financial institution is. Before taking a step to invest, you have to …

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Ghana, South Africa to benefit from German auto industry cooperation

The German Ambassador to Ghana, Christoph Retzlaff, has announced that Ghana will be one of two African countries to benefit from a German automobile cooperation agreement. He posted on Twitter on Saturday February 20, 2021; that the Association of German Car Makers, VDA, “is launching an initiative to strengthen cooperation …

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Ejisu MP Commends Bank of Ghana for their Prompt Response on Crowdfunding

The Member of Parliament for the Ejisu Constituency in the Ashanti Region, Dr John Ampontuah Kumah, has applauded the Bank of Ghana for instituting measures to formalize crowdfunding in Ghana.    According to the Member of Parliament, the policy direction by the Bank of Ghana on how individuals and organizations …

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Gov’t to pay cocoa debts to farmers from Feb. 22 – Dr Afriyie Akoto

The Minister-designate for Food and Agriculture, Dr Afriyie Akoto has disclosed that government will commence payments to farmers for cocoa on Monday, 22 February 2021. He also stated that the Central Bank is collaborating with COCOBOD to raise funds to pay Licensed Buying Companies (LBCs), when he appeared before the …

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Spare parts dealers to boycott payment of business operating license

Members of the Abossey Okai Spare Parts Dealers Association have said they have boycotted payment of business operating license due to poor sanitation in the enclave. The Association said it has made several efforts to get the Ablekuma Central Municipal Assembly to support them in making the enclave clean but …

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FDA cuts ad statement to ‘This advert is FDA-approved’

The Food and Drugs Authority (FDA) has noted that “in response to industry concerns about the length of the Food and Drugs Authority’s (FDA) advertisement approval statement and its related cost implications” as far as media airtime is concerned, it has become necessary for the Authority to review the statement …

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Drivers suspend 10% increase in transport fares

The leadership of the Ghana Private Road Transport Union (GPRTU) in Accra has halted the potential 10% increase in transport fares by some driver unions. The increment was set to take effect from Monday, February 22, 2021. The Concern Drivers Association had complained that the increment had become necessary due …

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