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Take severance package and quit – Agyarko tells ECG staff

The Minister for Energy, Boakye Agyarko, has told staff of the Electricity Company of Ghana (ECG) demanding severance package as part of the company’s concession agreement to be prepared to leave their posts upon receipt of the package. His comments come in the wake of protests by staff of the …

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Co-ordinated economic, social dev’t policies ready – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has revealed that his government is done with the Co-ordinated Programme of Economic and Social Development Policies. According to him, the Constitution, in Article 36(5), requires the President of the Republic to submit to Parliament within the first two years of his administration. However, “this …

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Blame hurricanes Harvey, Irma for fuel increment – NPA boss

The Chief Executive Officer of the National Petroleum Authority Alhassan Tampuli has blamed the rise in fuel prices in the country on the hurricanes that have afflicted America in recent times. According to him, the hurricanes have greatly affected the global oil supply. Some Ghanaians have raised concerns over the …

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Caribbean Trade Mission in Ghana to scout for investment – Starr Fm

A delegation of business men and women from four Caribbean countries is in Ghana to assess possible areas of investment in the country.  The delegation will be having business to business meetings with players in the various sectors of the local economy on how to maximize trade between Ghana and …

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Some factories under 1D1F could be unprofitable – Expert – Starr Fm

A Professor of Economics from the Cambridge University, Prof Gareth Austin is warning that some factories under government’s flagship One District, One Factory program could fail. His prediction is premised on the industrialization modules adopted by developed countries across the world. The economic historian told the host of Morning Starr, …

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Rigworld establishes $8.5m Training Centre – Starr Fm

Rigworld International Services, a wholly Ghanaian owned offshore oil and gas services company, has blazed the trail again with the establishment of $8.5 million ultramodern, internationally accredited oil and gas training centre. Situated at Kejebril, near Takoradi, the oil city in the Western region, the Rigworld Training Centre is expected …

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Energy Bank CEO 2nd Most Visible – Starr Fm

The Chief Executive Officer and Managing Director of Energy Bank, Christiana Ekaete Olaoye, placed second in the latest ‘Ghana Banking CEO’s Media Coverage Index’ in August 2017, conducted by the Centre for Media Analysis (CMA). She was the second most visible personality with19 direct quotes and 20 paraphrases representing a …

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New minimum capital requirement sensible – Economic Historian – Starr Fm

An economic historian at Cambridge University, Professor Gareth Austin, has lauded as timely the Bank of Ghana’s announcement of a new minimum capital requirement for banks to operate. The central bank early this month raised the minimum capital requirement to GH¢400 million, equivalent to about US$100 million. Commercial banks in …

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Banks considering Mergers and acquisition – BoG – Starr Fm

The Governor of the Bank of Ghana, Dr. Ernest Addison, has said following the announcement of the new capital requirement, the central bank has received mergers and acquisition proposals in order to make the cut. The current GH¢400 million capital requirement is one that many financial analysts have predicted will …

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ITLOS judgement will woo investors for Ghana – ACEP – Starr Fm

The Africa Centre for Energy Policy (ACEP) is hopeful the judgement delivered in favour of Ghana by the International Tribunal for the Law of the Sea (ITLOS) will woo more investors into the country’s oil and gas sector. The tribunal ruled Saturday that Ghana did not violate the sovereign right …

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