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BoG orders banks to align interest rate with policy rate – Starr Fm

The Bank of Ghana (BoG) has ordered commercial banks in the country to reduce their interest rates in tandem with the recent reduction of the policy rate. The Monetary Policy Committee of the Central bank in May announced the reduction of the policy rate from 23.5% to 22.5%. It …

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uniBank supports Muslim community – Starr Fm

One of the most enterprising financial establishments in the country, uniBank (Ghana) Limited, having made an immense contribution in providing pivotal social interventions through its agile CSR commitments, has again donated substantial support, including a health post, marketplace, a cow, 50 bags of rice, 25 bags of sugar, cartons …

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Scrapping spare parts duty needless –Minority – Starr Fm

The Minority has described as unnecessary parliament’s passing of the bill scrapping import duties on spare parts into law. The Customs Amendment bill was passed Wednesday June 14, 2017 after it was deferred on Tuesday June 13, 2017. Finance Minister, Ken Ofori Atta, during his presentation of the 2017 …

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Parliament passes bill to remove taxes on Spare parts – Starr Fm

Parliament has passed the Customs Amendment bill, despite protests from the minority arguing that the bill breaches the constitution. The law seeks to scrap duties on both old and new spare parts brought into the country. During the consideration of the bill Tuesday June 13, 2017, Minority Leader Haruna …

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Ghana is a land of opportunity for private capital – Akufo-Addo – Starr Fm

President Nana Addo Dankwa Akufo-Addo has stated that his government has put in place reforms, over the last five months, which involve fiscal responsibility and discipline, addressing corruption and unresponsive bureaucracies, focussing on the productive sectors of the economy, and improving the business environment, all aimed at attracting private …

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Ghana to buy shares in Cadbury, Nestle et al – Starr Fm

The Ghana government is considering buying shares in international food companies that process cocoa aimed at maximizing the economic benefits the country gets from the production of the crop. Ghana is unable to process the cocoa locally, with all the produce being exported outside for the production of confectionaries …

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0.02% tax on imports a stab in the back – Importers Assoc. – Starr Fm

The Importers and Exporters Association of Ghana is opposing the announcement of a 0.02% tax on imports. President Akufo-Addo said the deduction will be on imports from outside African Union (AU) member countries and will go into supporting the activities of the bloc. The new tax which has received …

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Stop depending on charity – Akufo-Addo to African leaders – Starr Fm

President Nana Addo Dankwa Akufo-Addo has admonished African leaders to assume responsibility for the transformation of their economies, and depart from the mindset of aid, dependency and charity and handouts. According to President Akufo-Addo, “If we, Africans, are to transform our stagnant, jobless economies, built on the export of …

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OmniBank commissions Business Centre at Pentecost Uni College – Starr Fm

OmniBank has commissioned a Business Centre at the Pentecost University College. The project funded by OmniBank is part of its Corporate Social Responsibility for 2017. The Centre is to provide easy access to information and aid in student research at the university. Also, the Centre will offer other administrative …

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NPP gov’t fixing broken economy – Ofori-Atta – Starr Fm

The Minister of Finance Ken Ofori-Atta has given the strongest assurance that the Akufo-Addo-led government is fixing an “inherited economy with a budget deficit of 9%.” According to him, the deficit means a primary balance which was negative, which meant Ghana had to borrow to pay her debts; GH¢10 …

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