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We have restored internet services fully – MTN Ghana

Telecommunications giant, MTN Ghana has announced that they have fully resolved the challenges which led to break in their data services and international outbound calls. In a series of communications to custmers, MTN said the challenge has been resolved. “We are glad to report that we have resolved all issues with our internet service”, the statement read. MTN subscribers in …

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ECOWAS Finance Ministers, Governors discuss future of ECO

Finance and Economic Ministers and Central Bank Governors in West Africa have expressed reservations about the recent renaming of the common currency for member countries in the Francophone zone (CFA Franc) to ECO. They described the action as a “unilateral” decision that was not in line with the requirements for the adoption of the ECO as a common currency for …

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Growth in sub-Saharan Africa to rise to 2.9 percent — World Bank

Growth in sub-Saharan Africa is expected to rise to 2.9 percent in 2020, the World Bank said Tuesday in its January 2020 Global Economic Prospect report. The World Bank cited improved investor confidence in some large economies, easing of energy hurdles, a rise in oil production, which led to a recovery in oil exporters, as indicators. It also mentioned robust …

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Govt sets up FX Development Committee to probe recurring depreciation of the cedi

Government through the Finance Ministry has on Friday, January 17 established a Forex Development Committee that will look into policy measures and interventions to prevent the recurring depreciation of the cedi from assuming the impact of the central bank. The move follows a promise made by the Finance Minister, Ken Ofori Atta last year that government would establish a bi-partisan …

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Finance Ministers, Governors ‘concerned’ by decision to rename CFA Eco

Finance and economic ministers and central bank governors in West Africa, including Ghana’s Mr Ken Ofori-Atta and Dr Ernest Addison, have taken issue with the recent renaming of the common currency for member countries in the Francophone zone to Eco. They described the action as a “unilateral” decision that was outside the requirements for the adoption of a proposed common …

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West Africa’s largest open market undergoes facelift

Work on the redevelopment of the Kumasi Central Market, the largest open market in West Africa, is expected to commence soon as authorities reach the final stage in resettling the affected traders. The state-of-the-art project is being financed by the Deutsche Bank of Germany, with export credit guarantee from the United Kingdom (UK) Export Finance. It constitutes the second phase …

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What to expect in 2020: Ghana’s financial market

This year, a cautious resumption of monetary easing is on the cards, ahead of general elections in December, with the aim of giving slowing economic growth a boost by increasing liquidity in the economy and reducing the cost of borrowing. Although there are political considerations involved in this – the manner in which the current top tier executive management of …

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Jospong generates energy from faecal matter

The Jospong Group of Compnaies (JLC) owners of the Sewerage Systems Ghana Limited is generating about 500 kilowatts of power out of its liquid waste treatment plant in Accra. This was disclosed by the Executive Chairman of JGC, Dr. Joseph Siaw Agyepong at this year’s Jospong Leadership Conference at the Pentecost Convention Center at Gomoa-Fette in the Central Region. Sewerage …

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Court remands CEO of collapsed Beige Bank, Mike Nyinaku

The Chief Executive Officer (CEO) of defunct Beige Bank, Mike Nyinaku, has been remanded in police custody. He is to be held there for one week. This follows the dismissal of a bail application by his lawyers who assured the court that he will cooperate with the ongoing trial. Although the application was not opposed by the prosecution, the judge …

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PAC reschedules public hearing of CR District Assemblies

Public Accounts Committee of Parliament on Monday postponed and re-scheduled the public hearing of the Report of Auditor General on the management and utilisatition of District Assemblies Common Fund (DACF) and other statutory funds for Central Region Assemblies. Hearings would however continue with Assemblies in other political administrative regions of Ghana and Technical Universities, as scheduled. The hearings were programmed …

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