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Deputy Trade Minister inaugurates National Export Development Strategy Sector Committees

The implementation of the National Export Development Strategy (NEDS) will require strong collaboration between key partners and players within the Non-Traditional Export Sector to set the country on the path of prosperity through industrialization. The Deputy Minister for Trade and Industry, Mr Herbert Krapa, said the successful execution of the NEDS, especially the intervention for the 17 priority products, would …

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There are 2 classes of workers in Ghana; Article 71 officeholders and the rest – Labour expert

A labour expert has given a distinction of the classes of workers in Ghana’s labour market. According to him, there are two classes of workers in the country. The two classes, he mentioned, are the ordinary worker and the article 71 officeholders. Mr Aaron Kumah, who is also a senior lecturer at the Appenteng Appiah Menkah University of Skills and …

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PAPSS payment system will cut out the middlemen – Nana Dwemoh Benneh

Nana Dwemoh Benneh, Chief Executive Officer (CEO) of Universal Merchant Bank (UMB), has expressed optimism that the Pan African Payment and Settlement System (PAPSS) will boost trade on the African continent. This is because PAPSS, a centralised payment and settlement system that allowed local currencies trade transactions, would make transaction among businesses instant and direct, and cut away intermediaries who …

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Ghana card not recognised as e-passport – Ayorkor Botchwey

Minister for Foreign Affairs and Regional Integration, Shirley Ayorkor Botchwey, has reiterated that although the Ghana Card bears the technical features of an e-passport, there is still a long way to go for it to be recognised as such. She explained that, by contrast, the Ghana Card, as defined in section 19 of the National Identification Authority Act, 2006 (Act …

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Government to rehabilitate 1,077 kilometres of roads in two years – Bawumia

Vice President, Dr Mahamudu Bawumia, has announced that the government, under the Transport Sector Improvement Project (TSIP), will rehabilitate 1,077 kilometres of roads within the next two years to support infrastructure development. He said the trunk road components would be paved whilst the feeder roads would be mainly gravel finished. The vice president announced this at Yendi when he cut sod …

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BoG oversees GH¢7.9 million refund, compensation payments

The Bank of Ghana (BoG) has by the end of the year 2021 secured monetary compensations and refunds totalling about GH₵72.9 million for complainants. Regulated Financial Institutions (RFI) paid complainants whose complaints were lodged, investigated, and found justifiable based on the BoG market conduct rules for its regulated entities. A breakdown of the total amount, which was captured in the annual Report …

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US$10m Buipe Sheanut factory grounded for 2 years – Reports

The Executive Director of a Think Tank, Baskin Africa, Mr Issifu Seidu Kudus Gbeadese has disclosed that the Buipe Sheanut Factory which was set up and commissioned in 2012 by former President John Dramani Mahama, to add value to the sheanuts for exports has been grounded. In a write up on 8th June, 2022 and copied to Bole based Nkilgi FM, …

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Take advantage of expanded markets created by AfCFTA – Akufo-Addo to industries

President Akufo-Addo has called on manufacturers in the country to take full advantage of the “access to expanded markets” created by the coming into force of the African Continental Free Trade Area (AfCFTA) agreement. According to the President, “one of the main challenges to our (Africa’s) industrialization drive is the lack of access to expanded markets”. “The economies of scale, …

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WISTA International pushes for gender diversity in Ghana’s maritime sector

The Executive Committee of the Women in Shipping and Trading Association (WISTA) International have paid a working visit to the ministries of transport and trade and industry as part of activities marking the association’s three-day mid-year EXCO meeting in Ghana. The courtesy call on the two government institutions was to appreciate the respective ministries for the continued support to the …

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Gold mining has not been able to transform local host mining communities; here is why

Today is world environment day and as an environmentalist, I would like to do a series on mining sector sustainability using Ghana as a case study. In this episode, I will argue out my points to answer two questions: a. Why are mineral-resourced nations poor? b. Why has gold mining not been able to transform Ghanaian local economies and host …

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