Wednesday , 23 January 2019
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Business

Public debt up by GHC11bn in 2 months to reach GHC170.8bn

The country’s total debt stock witnessed a significant increase in two months ending September 2018 as it went up by GHC11 billion to GHC170.8 billion, according to data released by the Central Bank. The last time the Bank of Ghana (BoG) released its economic and financial data, it put the total debt stock ending July 2018 at GHC159.4 billion. Breakdown …

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NPP, NDC MPs clash over budget

The debate on the 2019 Budget Statement and Economic Policy of the government took off yesterday in parliament with the majority New Patriotic Party (NPP) and the minority National Democratic Congress (NDC) fiercely battling out on whose government is more incompetent or competent. The majority NPP led by the Chairman of the Finance Committee and MP for New Juaben South, …

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GN Bank-Premium to merge by December 31

Snippets of information picked up by Joy News indicate that two indigenous banks, GN Bank and Premium Bank are set to complete their merger processes by close of 31st December 2018. A source at the Central Bank disclosed that, “BoG has in principle agreed to the merger talks of GN Bank and Premium Bank and the two banks are forging …

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We won’t pay Menzgold customers’ locked up cash – Finance Minister

The Finance Minister Ken Ofori–Atta, has stated that government will not pay customers of gold dealership company, Menzgold their locked up investment. Describing the situation as disturbing, Mr. ofori Atta disclosed that the company has lots of customers from reputable state institutions such as the Ministry of Finance, Bank of Ghana and the military. “…As I look at the Ministry …

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SMEs urged to provide customer centred services

Small and Medium Scale Enterprises (SMEs)have been urged to provide customer centered services with a view to gaining trust and building loyalty among their customers and ensure their survival in the midst of competition. Dr Raymond K. Dziwornu, the Dr Raymond K. Dziwornu, the Dean of Faculty of Accounting and Finance (FAF), University of Professional Studies, Accra (UPSA), said in …

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Ghana to loss position on World cocoa league – CAL

Government has on Monday, November 19 2018, commenced engagements with cocoa farmers across the country seeking to strengthen interaction with the Cocoa Sector. The engagements began in Koforidua, Tafo in the Eastern Region and will continue in other Cocoa growing districts in Brong-Ahafo, Ashanti, Western and Central Regions of Ghana. Following this, we at the Centre for Agro Liberty (CAL) …

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ECG invests more than GHC14 million in Accra West

The Electricity Company of Ghana (ECG) has spent more than 14 million Ghana cedis (a total of GH¢ 14,272,134.32) on improving its System and expansion projects in the Accra West Region, between January and October this year. The amount represents the cost of constructing 250 new projects to extend supply to unserved communities and improving the network serving some existing …

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World Bank approves US$40 million to support tourism industry

The World Bank has approved a facility of US$ 40 million to support the Government’s continuous effort to develop the Creative Art, Leisure and Tourism industry. The Facility, the first of its kind to be extended by the Bretton Wood institution to Ghana, has been structured to enable the Ministry of Tourism, Arts and Culture, with the relevant Ministries and …

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Borrowing by low and middle-income economies tripled in 2017 – World bank

Borrowing by low and middle-income economies from external, official and private creditors surged to $607 billion in 2017 from $181 billion the previous year. This constitutes the highest level in three years, as net debt inflows surpassed equity inflows for the first time since 2013, the World Bank’s International Debt Statistics 2019 shows. Net financial inflows – including debt and …

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UDS to establish Business Investment Centre to support innovations

Professor Gabriel Ayum Teye, the Vice-Chancellor of the University for Development Studies (UDS), has announced the university’s intention to establish a Business Investment Centre (BIC) to support people with business innovation to help carry out pre-incubation, incubation and accelerated services. He said the BIC, which would soon be inaugurated, was to help bridge the gap between the business community and …

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