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The Chief Executive Officer of Kantanka Automobile, a Ghanaian-owned automobile manufacturing and assembling company, Kwadwo Safo Kantanka Jr, has debunked claims that their cars are not built to meet international standards. He believes that people consider their cars to be substandard “just because it’s a black man who made it.” …
Read More »Bank lending rates falling – Report
Even though the Bank of Ghana has announced that it is maintaining its benchmark Monetary Policy Rate at 14.5 percent for the next two months, borrowers are benefitting from the fact that interest rates continue to fall in Ghana despite government’s unprecedented demand for fiscal deficit financing. Ultimately monetary easing by the …
Read More »Ghanaians express displeasure at venue for COCOBOD’s launch of Chocolate Day
A cross section of the Ghanaians on social media have expressed strong disapproval over the venue selected by the Ghana Cocoa Board (COCOBOD) to mark the National Chocolate Week celebration in Accra. Commentators on the incident on Thursday, February 4, 2021 seem to question the rationale of the organisers, COCOBOD, …
Read More »Tomato traders assoc. to embark on strike from 7 Feb.
The Tomato Traders and Transporters Association of Ghana will embark on a strike action effective Sunday, 7 February, 2020. The strike action by the association is in protest against the spate of armed robbery attacks on its members on the Kumasi-Bolga-Burkina Faso road. According to the group, seven of its …
Read More »Consumer, business confidence in economy high – BoG
Consumer and business confidence in the Ghanaian economy continues to soar in spite of the difficult macroeconomic challenges facing the country, the Bank of Ghana (BoG) has said. Governor of the BoG, Dr Ernest Addison who disclosed this in a press statement on the 98th meeting of the Monetary Policy Committee (MPC) …
Read More »Ghana and UK finalise deal to provide duty free access to the UK market
Ghana and the United Kingdom (UK) on Thursday February 4 finalised an agreement that will provide duty-free and quota-free access for Ghana to the UK market and preferential tariff reductions for UK exporters. Ghana’s Trade Minister Alan Kyerematen in a tweet said “I am pleased that we have finalised a new Interim …
Read More »Rolls-Royce eyes Africa as new energy market with deals push
Rolls-Royce Holdings Plc is betting on expanding in Africa to grow the power-systems division after its main business building and maintaining wide-body jet engines was derailed by the coronavirus. The continent’s abundant natural resources, fast-growing economies and increasing urbanization make it a promising market for the unit, Rolls-Royce Strategic Marketing …
Read More »Good News For Tenants As Rent Control Department Initiate Pricing Policy
Well, it appears the long overdue cry of most tenants in Ghana is yielding result as the department in charge has made a stride. According to reports, the Rent Control Department says Landlords do not have the right to increase their rent charges without permission from the department. According to …
Read More »Finance Ministry releases GH¢1.2billion part payment to ECG, GWCL
The Ministry of Finance has released an amount of GH¢1.2 billion as part payment to the Electricity Company of Ghana (ECG) and the Ghana Water Company (GWCL) for the freebies they gave out last year as part of the government’s measures to curb the spread of the coronavirus pandemic. According …
Read More »Economic recovery will be prolonged – Bank of Ghana cautions
The Bank of Ghana (BoG) has expressed fears that economic recovery from the havoc wreaked by the COVID-19 pandemic will take longer than initially anticipated. It said although economic activities had picked up quite well following a contraction in the second and the third quarter of last year, the resurgence in the pandemic earlier …
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