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Reopening AngloGold Ashanti mine ‘pleasant news’ – GMWU

Members of the Ghana Mine Workers Union (GMWU) have welcomed the reopening of AngloGold Ashanti’s Obuasi Mine, saying it will not only boost the fortunes of the mining sector but also create employment for the teeming unemployed youth in the country. The Obuasi mine was closed in 2014 due to some challenges with the concession and lack of capital. Speaking …

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Government ‘revives’ ‘dead’ cocoa road projects

Work is set to resume on the cocoa roads project which has been suspended for well over a year. The project which began under the erstwhile John Mahama administration was suspended in July 2017 by the COCOBOD under the Akufo-Addo led NPP government, over discrepancies and financial irregularities in the awards of some of the contracts. The Mahama administration was …

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BoG’s ‘arrogant, malicious’ ‘not fit and proper’ tag calculated to influence Cocobod trial – Agongo

The majority shareholder of the now-defunct Heritage Bank Limited (HBL), Mr Seidu Agongo, has said in a statement that the “not fit and proper” tag stamped on him by the Bank of Ghana due to his involvement in a criminal prosecution as far as the GHS271 million Ghana Cocoa Board (COCOBOD) fertiliser case is concerned, for which reason the licence …

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Don’t deal with cryptocurrency companies – SEC warns Ghanaians

The Securities and Exchange Commission (SEC), has indicated that it has commenced thorough research into cryptocurrency-related activities in the country following fears of a cryptocurrency scam. In the meantime, it has urged Ghanaians “to desist from engaging in these crypto entities.” “If you chose to go there, you are on your own,” the Deputy Director General of Securities and Exchange …

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Former workers of Consolidated Bank given Provident Fund, Pension contribution

Former workers of the five consolidated banks, Unibank, Beige, Royal, Construction and Sovereign banks may be heaving a sigh of relief as Citi Business News has gathered the workers can now access their tier 3 pension contributions, and Provident Funds. The Provident Fund is money the workers voluntarily contributed personally to a scheme which was managed by privately owned insurance …

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Jomoro MP donates knapsack spraying machines to cocoa farmers

Member of Parliament for Jomoro Constituency in the Western Region, Hon. Paul Essien popularly known as ‘Jomoro David’ has donated six knapsack spraying machines worth 15,000 Ghana Cedis to cocoa farmers in some cocoa growing communities. The donation forms part of his 2016 electioneering campaign pledge to boost cocoa production in the constituency. Making the donation over the weekend at …

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Lacuna exists in fiscal responsibility act – Prof. Peter Quartey

Economist, Prof. Peter Quartey believes although President Akufo-Addo has passed the Fiscal Responsibility Act, to anchor fiscal discipline and ensure prudence in the management of the economy as the Act establishes both the Fiscal Council and Financial Stability Council, there is a lacuna which allows the finance minister to overspend. The former Head of Economics Department at the University of …

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Customs lost GH¢2bn in 2018 to unlawful port activities – GRA

The Ghana Revenue Authority (GRA) has blamed its inability to meet the 2018 revenue target on unlawful operations at the ports. The Authority fell short of about GH¢2 billion in 2018, mainly through transit trade. The GRA, however, said it is upbeat about meeting its target for this year, stressing that 2019 would be an action year. Speaking in an …

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Ghana Airport Company MD sacked

The Managing Director of the Ghana Airport Company Limited, Mr. John Dekyem Attafuah, has been sacked from his position with immediate effect. According to sources, the dismissal letter dated 16th January 2019, was signed by the Aviation Minister, Joseph Kofi Adda, and addressed to the Board Chairman. Mr. John Dekyem Attafuah has been directed to hand over to his Deputy, …

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How Farihan Alhassan became Ghana’s youngest regional bank manager

As a young boy growing up in the streets of Tamale in the Northern Region of Ghana, he was fated to become many things; his parents wanted him to be a medical doctor, the society saw in him a great footballer, but Farihan had a secret ambition – to break his father’s record of having 26 children! Now a 38-year-old …

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