Tag Archives: Ghana Business

Wenchi to be transformed into business hub – MCE

Dr Prince Kwakye Afriyie

The Municipal Chief Executive (MCE) for Wenchi, Dr Prince Kwakye Afriyie has said he is taking steps to transform the municipality into a business hub and is therefore prioritizing the construction and rehabilitation of major roads in the area to facilitate movement of goods. He emphasized that the government was creating the enabling environment for both  businesses to thrive and ...

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China ready to support Ghana’s transformation agenda – China Veep

Dr, Bawumia with the Vice President of the People's Republic of China, Li Yuanchao (R)

China is prepared to partner Ghana to undertake a massive transformation of the country, Chinese Vice President, Li Yuanchao, has announced. He said China stood ready to pass on knowledge, expertise and assistance to Ghana to facilitate the transformation agenda of the Akufo-Addo government. The Chinese Vice President disclosed this during a State Reception for his Ghanaian counterpart, Dr Mahamudu ...

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Bawumia leaves Ghana for Mauritius


The Vice President, Dr. Mahamudu Bawumia has left Ghana for Mauritius to attend that country’s National Day Celebrations as a special guest. His three day stay in Mauritius will see him hold bilateral talks with Her Excellency Mrs Ameenah Gurib-Fakim, President of Mauritius, Pravind Kumar Jugnauth, Prime Minister and other senior officials of the Mauritius government. The aim of the ...

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Producer inflation drops sharply to 4.9 percent in December 2016


The producer price inflation for December 2016 fell to 4.9 percent from the 11.9 percent in November, the Ghana Statistical Service has stated. By this, the ex-factory prices of goods and services for all industry increased on average by 4.9 percent in December 2016 relative to the price level recorded in December 2015. However compared to November 2016, the PPI ...

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New housing fund to subsidize cost of houses


The Minister nominee for Works and Housing, Samuel Atta Akyea has stated that the NPP government will introduce a housing fund to subsidize the cost of housing for low income earners. According to him, financing is one critical factor that has impeded Ghana’s efforts at reducing the widening housing deficit. Mr. Atta Akyea also believes the high cost of housing ...

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Abolish 15 percent capital gains tax – GSE to NPP


The Ghana Stock Exchange (GSE) has impressed on the incoming NPP government to abolish the capital gains tax when it finally assumes power in 2017. According to managers of the market, the continuous imposition of the tax is a disincentive for investors and has also adversely affected the market. “Our particular worry is that even within West Africa, Nigeria has ...

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Christmas buzz missing in major markets in Accra [Audio]


With barely two weeks to Christmas day it appears the buzz that usually surrounds the holiday season is missing this time round. A visit to some major markets in Accra show business activities are yet to pick up a week after the country’s general and parliamentary elections. Checks by at the Dome market in Accra reveal that despite the usual ...

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Dollar auction may least control cedi depreciation – Economist


As the Bank of Ghana prepares to commence its first dollar auction to banks through a competitive bid, some financial observers have stated that the regulations guiding the process may put excess pressure on the banks. “You could clearly that the move by the central bank is to try to influence the banks’ rate in terms of the forex rate ...

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Baker Hughes, Fidelity, GTP to lay off 460 workers

Seth Terkper

Despite the alarming unemployment rate in the country, companies continue to lay-off workers in large numbers, a reflection of how businesses are struggling to survive in a challenging economic environment. About 460 workers are being retrenched by three different organisations in the last quarter of 2016. Investigations by The Finder newspaper indicate that, Baker Hughes Ghana Limited, a top-tier oilfield ...

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Strategic corporate mentorship key to organizational growth –  McOttley President


The President of McOttley Holdings, Richard Dugan, has stated that the key to organizational growth is strategic mentorship. Mr. Dugan was speaking in an interview after he was awarded as the Manager of the year at Prime Business Destination forum and awards organized by European Business Assembly in Germany. At the award ceremony, McOttley Capital was also awarded the prestigious ...

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