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81 projects under 1D1F to operate by end of year – Trade, Industry Minister

The Minister of Trade and Industry, Mr Alan Kwadwo Kyerematen has reaffirmed the government’s commitment to delivering on the “One District One Factory” Policy by the end of 2020. According to him, work was progressing steadily and by the close of the year, more than 100 of the factories would be up and running for all Ghanaians to see and …

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US shares in Ghana’s development aspirations – Ambassador

The United States (US) has said it shared in Ghana’s vision to harness its resources and capacities to drive its own economic and social development agenda without relying on the generosity of development partners. Ms. Stephanie S. Sullivan, the US Ambassador to Ghana, who stated this, said “investment-led growth and increasing bilateral trades are both in our nations’ interests”. For …

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PURC to announce new utility tariffs in June

The Public Utilities Regulatory Commission, PURC, will next month, June 2019, announce new utility tariffs which will take effect from July 1. The PURC in January held a final public hearing on tariff adjustment to reach reasonable electricity and water tariffs. According to the PURC, the purpose of the meeting was to enable the service providers to present their proposals …

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India copies Akufo-Addo’s 1D1F policy

India is seeking to adopt President Nana Akufo-Addo’s flagship industrial programme, the One District One Factory (1-D-1-F) policy. Trade and Industry Minister, Alan Kyeremanteng, made this known on Tuesday, May 7, 2019, while delivering an update report on the 1D1F initiative at the Ministry of Information. He says he was informed last year during his visit to India that the …

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Ghana, Burkina open bids for railway project

Ghana and Burkina Faso have officially opened bidding for the Accra-Ouagadougou Railway Inter-connectivity Project. Burkina Faso’s Ambassador to Ghana, Pingrenoma Zagre and Ghana’s Railway Development Minister, Joe Ghartey, witnessed the opening of the process on Monday, May 6, 2019, in Accra. It would be recalled that following the publication of the Expression of Interest advertisements in the two countries, 16 …

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Four new airlines to join local aviation space – Aviation Authority hints

The Ghana Civil Aviation Authority has hinted that by the close of the year (2019) four new airline operators will join the local aviation space. Speaking to Joy FM, Director of the Civil Aviation Authority Simon Allotey said this will bring about a more competitive local aviation industry. Currently, in Ghana, only three domestic airlines are serving the market, Africa …

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Parliament to approve Aker’s petroleum agreement subject to two recommendations

Parliament last Friday 3rd May, decided to approve amendment No 1 to the Petroleum Agreement among parties including the Ghana National Petroleum Corporation (GNPC), and AGM Petroleum Ghana Limited, in respect of the South Deepwater Tano Area located within the Gulf of Guinea. By the dictates of Article 268 (1) of Ghana’s constitution, any rights or concession for the exploitation …

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Government secures one billion dollars to revamp railways sector

The Government has signed two separate contract agreements with the Chinese Government to secure one billion dollars facility to revamp Ghana’s Railways sector. Mr Joe Ghartey, the Minister of Railways, said the two agreements, of 500 million dollars each, were signed last week in China as a follow-up plan by Ghana to restore and improve rail transportation. He said the …

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Farming is surest way to more jobs

A shared ambition to transform agriculture would be the only way to stem the tide of Africa’s dependence on imports. The conference was sponsored by TrustAfrica, an advocacy organisation. The future of food security and sufficiency in the world depends principally on what Africa does with its agriculture and especially with the involvement of its young people. Apart from the …

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Central Banks are ditching the dollar for gold

First-quarter gold purchases by central banks, led by Russia and China, were the highest in six years as countries diversify their assets away from the U.S. dollar. Global gold reserves rose 145.5 tons in the first quarter, a 68 percent increase from a year earlier, the World Gold Council said Thursday in a report. Russia remains the largest buyer as …

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