Category: Business

Government working to pay debt owed SSNIT  —-Finance Minister

Government working to pay debt owed SSNIT —-Finance Minister

The government is working to settle its indebtedness to the Social Security and National   Insurance Trust (SSNIT), the Minister of Finance, Ken Ofori Atta has said. Government owes SSNIT about GHc600 million as the result of its inability to pay SSNIT bonds and workers’ contributions. Mr Ofori-Atta who disclosed this during the inauguration of the new SSNIT Board in Accra […]

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‘Leverage on mobile money services to drive financial inclusion’

Former Finance Minister, Dr. Kwabena Duffour has urged the banking and insurance industry to leverage on the rise of Mobile Money services (MMS) to expand and provide financial inclusion for the informal sector. He said the current penetration of MMS in the financial sector provided a fine opportunity for banks and insurance companies to reach non-banking and uninsured people by […]

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PLH wins international award

PLH wins international award

The Peace and Love Hospitals (PLH) Group, has won the Best Hospital award at the prestigious International Socrates Awards, held in London, UK. The Ghanaian hospitals group topped a host of other health institutions across the world to win the prize which is in recognition of its innovative and efficient medical services, excellence in mentoring medical professionals and quality humanitarian […]

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GCNet pays GHȻ 17 million dividend to government

The Ghana Community Network Services (GCNet) Limited has presented a dividend of GHȻ17 million to government, bringing the company’s dividend payment to government for the 2016 fiscal year to GHȻ27 million. The company last year paid GHȻ10 million to government as part of government’s ownership in the company. Government holds twenty per cent shares in GCNet, an Information and Communication […]

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Beneficiaries of TRAQE wants implementation of phase two

A framework is being developed to ensure the implementation of the Beneficial Ownership  Disclosure (BOD) provisions in the amended Companies Act of 1963  in response to the requirements of the 2016 Extractive Industries Transparency Initiative (EITI) standards. Ghana signed on to the EITI in 2003 and the EITI standards mandate all implementing countries to establish a public Beneficial Ownership Disclosure […]

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Kumasi City Mall Opens on April 20

The countdown for the much-awaited opening of Kumasi’s first modern shopping mall – the Kumasi City Mall – began last Thursday, with a facility tour for Kumasi-based media practitioners. Over a hundred journalists and practitioners from the electronic and print media in Kumasi were conducted around the sprawling edifice of the shopping mall and briefed about how it will operate […]

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Accra Brewery rewards its key distributors

Ghana’s premier beverage producer, Accra Brewery Limited (ABL), has hosted an awards ceremony to celebrate and honour its hardworking key distributors for their sterling contribution towards the fortunes of the company in 2016. The dinner and awards night, an annual affair, constitutes part of the company’s relationship building activities with its key distributors. Over 60 firms attended the event which […]

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Ghanaians consume over two million local chickens annually – Survey

Ghanaians consumed more than two million locally-produced chickens last year, a new USAID survey of the sector has revealed. In a survey that is expected to provide clarity and hope for the performance of the country’s poultry industry, broiler producers generated an estimated GHȻ53.6 million from the birds sold, which represents 0.7 percent of the total GDP of the agriculture […]

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Ghana can improve business competitiveness through data analytics  – GCNet

Ghana can improve business competitiveness through data analytics – GCNet

Ghana is well positioned to significantly improve its business competitiveness through Data Analytics (DA), which is crucial for strategic return on investment decision making, Mr. Carl Sackey, Business Development Manager, has said. Making a contribution on the subject ‘Envisaging the future of digital payments in Ghana’ during a panel discussion at the 2017 Ghana Economic Outlook and Business Strategy Conference, […]

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Africa must focus on value addition to natural resources – World Bank

The World Bank’s Chief Economist for the African Region, Dr Albert Zeufack says Africa must focus on a new growth strategy focused on value-addition to her natural resources. Dr Zeufack, who disclosed this in an interaction with a section of the media in Accra on Friday, blamed Africa’s underdevelopment on the export of its raw materials. Dr Zeufack was on […]

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