Category: Business

ECOWAS Quality Award slated for June 30

Over 20 awards will be given to award-winning companies and personalities who have contributed to the promotion of quality in the region at the first edition of the ECOWAS Quality Award to be held in Abidjan. The awards ceremony of the first edition of the ECOWAS Quality Award will take place on June 30, 2017 under the patronage of the […]

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‘Data-driven decision making crucial for e-commerce’

The increasing levels of e-commerce and cross border trade among countries highlights the crucial need for data-driven decision making in border management, Mrs Aba Lokko, Communications Manager of GCNet, has said. Mrs Lokko shared this thought on big data and border management after her participation in the 2017 World Customs Organisation (WCO) IT Conference and Exhibition held in Tbilisi, Georgia. […]

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EFFECT OF THE POLICY RATE CUT BY THE BANK OF GHANA ON THE BANKING INDUSTRY

EFFECT OF THE POLICY RATE CUT BY THE BANK OF GHANA ON THE BANKING INDUSTRY

Central Banks use monetary policy rates as the benchmark for charging interest on loans and advances to commercial banks. Whenever a commercial bank has a temporary shortage of funds it usually borrows funds from the central bank at the policy rate. Borrowing by commercial banks This borrowing by commercial banks from Central Banks is traditionally done via repos (Repurchase Agreements); […]

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Winners of MTN Heroes of Change call on CEO

The winners of this year’s MTN Heroes of Change Season Three programme yesterday paid a courtesy call on the Chief Executive Officer of MTN, Ghana, Ebenezer Asante at MTN Head Office in Accra. It was to familiarise with him and expressed gratitude to the management of MTN for the company’s support to their respective organisations. In all 10 people emerged […]

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Government committed to making Ghana a business hub

The Minister of Business Development, Ibrahim Awal has reiterated the government’s commitment in making Ghana a business hub through a number of strategies that will also improve the country’s economy. He stated that the government had started work on improving local businesses as a priority and would need the support of Ghanaians to make it a reality. “It is our […]

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GHACEM Invests in 1.2million Euro modern truck terminal

GHACEM Invests in 1.2million Euro modern truck terminal

A ground breaking ceremony has been held by GHACEM Limited to construct a modern truck terminal in Takoradi at the old slaughter house premises. The Truck terminal estimated to cost about 1.2 million Euros will be used by GHACEM bound cement trucks to and from Takoradi in a bid to enhance operations of the foremost cement manufacturer. At a ceremony […]

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Maiden UK-Ghana Trade & Investment Forum set for this month

The UK-Ghana Chamber of Commerce (UKGCC) in partnership with Developing Markets Association will be hosting the first UK-Ghana Trade & Investment Forum of 2017 as part of activities to further strengthen the business bond between Ghana and the UK. The two-day event will be held from June 27-28, 2017 in London, and will provide a platform for UKGCC and its […]

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Legislative amendment needed to address mining sector issues – Minister

A legislative amendment is needed to current mining laws to seal the inadequacy and address illegal mining Mr Benito Owusu-Bio, a Deputy Minister of Lands and Natural Resources has said. He said due to the unregulated nature of the operations of such miners, government kept losing a vital avenue for accruing tax revenues. “The idea of artisanal mining solution would […]

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Crude Oil production declined in 2016

Ghana’s crude oil production recorded a decline of 13 per cent in 2016 despite the fact that the country’s second major oil production field, the Tweneboa-Enyenra-Ntomme (TEN) Field came on stream. The TEN Field came on stream in August 2016 and actually contributed 16 per cent to the annual production, but it dropped from 37.41 million barrels (mmbbls) in 2015 […]

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Africa must invest in technology for development – Minister

Africa must invest in technology for development – Minister

Africa’s development depends on its ability to understand, select, adapt, produce and commercialised scientific and technological knowledge in ways appropriate to its culture Professor Frimpong Boateng, Minister of Environment Science, Technology and Innovation has said. “For far too long, African leaders have concentrated on providing infrastructure such as roads, schools and hospitals for their people. This is not bad in […]

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