Business

Listing VRA, GRIDCO will ensure efficiency – GSE boss

VRA listing

The Managing Director of the Ghana Stock Exchange, Kofi Yamoah, has said the planned listing of the Volta River Authority (VRA) and the Ghana Grid Company Limited (GRIDCo) by government will ensure efficiency in their operations. “We were very happy to hear the President during the State of the Nation Address indicate that, his government is considering listing VRA and ...

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Shareholders of $1.5b Tema Port Expansion project meet Akufo-Addo

Tema Port Expansion Project

Shareholders of the 1.5 billion-dollar Tema Port Expansion project on Thursday called on Nana Addo Dankwa Akufo-Addo to congratulate him on his election and assumption of office as the President of Ghana. The shareholders, Bolloré Transport & Logistics, APM Terminals and Meridian Port Services Ltd, were led by Cyrille Bolloré, Chairman of Bolloré Transport & Logistics who they have been ...

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Ghana CEO summit launches in Accra

ghana ceo summit

The pace of digital innovation and transformation is increasing – entire markets, including transportation, logistics, and e-commerce, are being reinvented across the globe. Despite the recent economic challenges, there is no doubt that Ghanaian businesses are ready to seize the opportunities in this digital economy. Under the theme “Digital Innovation Economy for Business Growth” the annual Ghana CEO’s Summit 2017 ...

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BoG freezes US$1bn Sibton deal

Bank of Ghana

The central bank has reportedly put on hold the billion-dollar deal it handed to Sibton Switch, a local IT firm, to interconnect all payment systems in the country, following public outcry over whether such an intermediary was necessary, given the cost implications for consumers. Sources close to the central bank told the B&FT that the Governor, Dr Abdul Nashiru Issahaku, ...

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Mining sector contributes GH¢1.6b to Ghana’s revenue in 2016

mining

The mining sector operators in Ghana say the industry contributed some GH¢1.6 billion to the country’s revenue. The amount represents a growth rate of 23 per cent from that of 2015. Except in 2015, the mining industry has been the leading contributor to the nation’s fiscal purse. Its contribution to direct domestic revenue improved from GH¢1.3 billion in 2015 to ...

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Trade Ministry begins promotion process of NTEs

non traditional exports

The Ministry of Trade and Industry has put in stringent measures to ensure that non-traditional exports contributed significantly to sustainable economic growth. The Ministry of Trade and Industry has consistently pursued an export diversification drive to ensure that non-traditional exports can contribute substantially towards a sustainable Gross Domestic Product growth and economic development. Mr Kodwo Blay, Acting Upper West Regional ...

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Gov’t to address high import charges at the ports- Nana-Addo

charges at the ports

President Nana Akufo-Addo has stated that government will address the high import charges at the ports to encourage Ghanaian businesses to contribute to the economy. He added that the details of the move will be published in the first budget presentation, which will be laid before parliament by the Finance minister, Ken Ofori Atta. According to him, the issue of ...

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GNCC courts investors for “One District, One Factory”

one factory one district

The Ghana National Chamber of Commerce (GNCC) has said it is repositioning itself strongly to partner government in bringing the much anticipated “One District, One Factory” programme to fruition. “We have had discussions with the presidency and the new trade minister on how our members can partner the government. We are going to sell the idea to local and foreign ...

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UK to push for free trade deal with Ghana

free trade

The Foreign Secretary of the United Kingdom, Boris Johnson has stated that bilateral trade relations with Ghana will not be affected as the UK prepares to finally exit the EU. According to him, the UK intends to strengthen its trade ties with Ghana to help establish a free trade deal for mutual benefit. Speaking to some selected journalists at the ...

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E-zwich usage hits over 5 million transactions in 2016

e-zwich

The use of the biometric smart card, e-zwich, experienced exponential growth last year after series of mechanisms were put in place to drive usage, reaching 5.3 million transactions in 2016. The volume of transactions within the period recorded an impressive growth of 138.3% over the performance in 2015, according to a performance report released by the Ghana Interbank Payment and ...

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