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Ban on tilapia importation to begin in July over virus fears

The Ministry of Fisheries and Aquaculture Development has placed a ban on the importation of all ornamental fishes and tilapia species. This is a proactive measure to tackle the emerging Tilapia lake virus. The ban will last for six months and will take effect from the July 1. Cases of the virus have been reported across some parts of Africa, …

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Taxes lost on US$6bn of smuggled gold

Statutory taxes on about US$6billion worth of gold exported from Ghana between 2013-2016 went unreported as a result of smuggling, the Africa Centre for Energy Policy (ACEP) has revealed in its 2017 Tax Administration and Tax Evasion report. According to the energy policy think-tank, the loss in revenue was caused by loopholes in the system which enabled gold smuggling through …

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Bawumia lauds management of currency

Vice President Dr Mahamudu Bawumia has described as second to none the performance of the Nana Addo Dankwa Akufo-Addo led government in the management of Ghana’s currency, the cedi, as against its major trading currencies, particularly the United States (US) dollar. His response follows a recent tweet by former President John Mahama in an attempt to ridicule the ruling government …

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FutureDams lead supervisor wants gov’t to rethink ‘one village, one dam’ initiative

The Principal Investigator and CEO of the FutureDAMS project, Professor David Hulme, says although the objectives of government’s proposal to build a dam in every village in Ghana are good, there is a need to rethink the initiative for optimum results. “The sentiment is in the right direction but it might be better to say ‘how do we improve the …

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Stanchart is making good progress

Standard Chartered Bank Ghana Limited says it has made good progress in 2017, putting the business back on an upward growth trajectory. “The growth is underpinned by deepening client relationships, investment in technology and strengthening our control environment.” Speaking at the Facts behind Figures programme on the Stock Exchange, Mr Henry Baye, Executive Director of Standard Chartered Bank, said the …

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First National Bank Ghana launches first-ever Cash Rewards for card swipes

First National Bank Ghana Limited is delighted to announce the launch of the first-ever cash rewards programme in Ghana that rewards customers for everyday non-cash transactions. Cardholders who use their Visa debit cards to make purchases (transaction on POS machines and online card purchases) will earn back a percentage of the transaction amount. “We fully support government’s agenda to turn …

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Fintechs have 6 months to meet new cyber security standards – BoG warns

The Bank of Ghana (BoG) has urged all fintechs operating in the country to improve their cybersecurity systems to meet international standard requirements ahead of the passage of the Payment Systems and Services Bill by end of 2018. According to the central bank, the new law will take into account technology, innovation, and consumers’ demand for better services. Speaking at …

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Akufo-Addo inaugurates ‘Ghana Beyond Aid’ team

President Akufo-Addo in a group photograph with members of the Ghana Beyond Aid Committee at the Jubilee House in Accra President Akufo-Addo yesterday inaugurated the ‘Ghana Beyond Aid’ team, which is made up of government officials, recognized groups, civil society and private sector to help make the vision a reality. They include Senior Minister, Yaw Osafo Maafo, who is chairman …

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MASLOC recovers GHC16 million from loan defaulters

The Micro Finance and Small Loans Centre (MASLOC) says its recovered 16 million cedis of loans from defaulted customers across the country. Officials explained the significant progress was the result of threats by MASLOC to publish the names of all defaulters. The recovered amount constitute a part of a 100 million cedi debt by the defaulted customers across the country. …

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Fuel prices to remain stable – IES

The Institute for Energy Security IES, has released its much-awaited statement for the second Pricing-Window of June 2018 projecting stability of fuel prices at the pumps. The IES statement, signed by IES Research Analyst Mikdad Mohammed said but for a 1.7% depreciation of the cedi against the dollar in the window under review, fuel prices would have been headed downwards. …

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