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Kweku Bedu-Addo appointed Ghana Stock Exchange Chairman

Kweku’s career has spanned Public Policy, International Development, and Banking & Finance. He joined Standard Chartered Bank Ghana in 2000 and rose to become the first Ghanaian Chief Executive in 2010 since the Bank first established a presence in the then Gold Coast in 1896. Other senior roles he has …

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Doubts raised over Terkper’s justification for GH¢1.88bn budget request

An economist Dr. Said Boakye believes that government’s request for an additional GH¢1.88billion from Parliament is unjustified. Although the Finance minister has explained it needs the money because government has lost revenue, an economist with the Institute for Fiscal Studies (IFS) Dr. Said Boakye is suspicious that this cannot be the …

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Blaming ‘dumsor’ on lack of money speculative – PURC

The Public Utilities Regulatory Commission (PURC), says claims that the renewed power cuts emanate from lack of money are at best speculative. Director of Public Affairs at the PURC, Nana Yaa Jantuah, said there is no evidence to back the claims that the power generators haven’t had the needed cash …

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CEPS exceeds half-year target in the Ashanti Region

The Customs Division of the Ghana Revenue Authority (GRA) in the Ashanti Region has exceeded its revenue target for the first six months of the year. The command had collected GH¢305.281 million by the first week of July against the year’s target of GH¢285.640 million. Officials say revenue collection over the …

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Controversy looms as 400MW power deal for $953M goes to Parliament

Cabinet has okayed a 400 mega watts power deal to prop up the country’s power production shortfall, but estimated cost of the deal is likely to be in contention. The deal, which is currently before the Mines and Energy Committee of Parliament, is earmarked to cost $953 million, however, analysts …

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Tigo Cash creates an eco-system of cashless payments for rice farmers

Since becoming the Mobile Money partner for the Visa Foundation funded ‘Rice Mobile Finance project partner, RiMiFin, Tigo Cash, has facilitated the transfer of about $345,765 via the electronic mobile money platform to over 1,800 smallholder rice farmers. According to the local rice farmers in Asutuare, Weta and Kpong in …

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Full text: 2016 mid-year review, supplementary budget

Finance minister Seth Terpker has requested an additional amount of Ȼ1.8 billion to be approved by Parliament to support the budget for the 2016 financial year. The minister presented the 2016 mid-year performance of the economy to the House on Monday, July, 25. He said several global developments did not fundamentally change the course of government’s policy …

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MTN signs 5-year agreement to supply high speed, reliable internet for KNUST

Mobile telecommunication giant, MTN has agreed with the Kwame Nkrumah University of Science and Technology (KNUST) to offer stable and stronger internet connectivity for the school. The five-year commercial contract which is worth in excess of GH¢3 million will run from this year till 2020. It includes laying and construction of …

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Terkper debunks return to HIPC speculations

The Finance Minister has rubbished suggestions that Ghana will go back to being a Highly indebted Poor Country (HIPC). Seth Terkper indicated in his supplementary budget statement that as at May 2016, Ghana’s debt had reduced from 72% to 63%. The HIPC Initiative, introduced by the International Monetary Fund (IMF) and the World Bank …

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Gov’t is living within its means – Seth Terkper

Finance Minister Seth Terkper says the government has tamed its taste for spending money it does not have. He said the Budget deficit which reached historic levels of 12 per cent of GDP in 2012, has been cut significantly. “The government is living within its means,” he told Parliament Monday, …

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