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The National Coordinator of the One-District-One Factory policy initiative, Hon. Gifty Ohene Konadu, has assured Ghanaians that every district will have its own factory by the end of 2020. She noted some districts will even have more factories than others depending on the raw material potentials they have. Corroborating her …
Read More »Bank Crisis: Government saved deposits of 1m Ghanaians – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has revealed that the rationalisation of the banking sector has ensured that deposits of 1,147,366 Ghanaians were saved. Speaking at the inauguration ceremony of the new Standard Chartered Head Office on Wednesday, 3rd October 2018, President Akufo-Addo noted that his administration assumed the reins of …
Read More »BLUSPACE AFRICA TECHNOLOGIES LAUNCHES CYBERSECURITY PROGRAM IN ACCRA
Local IT Resource Development Initiative (IRDI) BlueSPACE Africa Technologies Limited, the #1 FinTECH provider in Ghana and West Africa, today announced the launch of its Local IT Resource Developing Program. The first of its kind, to develop professional IT resources from the continent. This program is aimed to develop hands-on …
Read More »China’s STarTimes Scheming To Takeover Broadcasting Space – GIBA
The Ghana Independent Broadcasters Association (GIBA) has warned it will resist attempts by Chinese Broadcasting company StarTimes to takeover the broadcasting space in Ghana through its arrangement with government. The Chinese company has secured a deal with government that will see it extend satellite TV to over 300 villages across …
Read More »Withholding VAT Not New Tax – Accountant General Assures Public
The Controller and Accountant General, Mr Eugene Asante Ofosuhene, has allayed the fears of the public, especially the business community, that the introduction of the seven per cent withholding Value Added Tax (VAT) is a new tax regime. Rather, he said, it was an innovation within the current tax regime …
Read More »BoG injects more dollars into economy
The Bank of Ghana (BoG) has stepped up its supply of United States (US) dollars to meet daily demands for foreign exchange as global pressures and the exit of investors from emerging markets cause the cedi to depreciate. According to a source at the BoG, the central bank had sold $157 …
Read More »Menzgold bows to SEC pressure; halts gold vault market services
Management of Menzgold has announced Thursday morning that it has temporarily halted its collectables and any new business related to its gold vault market with immediate effect. According to the company, the halt of what is also called extra value payments takes effect from today Thursday, September 13 and will be …
Read More »1District, 1Factory: Lokpleku folks to get steel factory
The deputy minister of Trade and Industry, Mr Carlos Ahenkorah has cut sod for the construction of a steel factory at Lokpleku Village near Ningo in the the Greater Accra Region. The factory which is fully owned by a private firm (B5 PLUS Limited)when completed will directly employ 5000 workers …
Read More »UMB SIGNS 11 MILLION USD($ 11m) FACTORY PROJECT UNDER GOVERNMENT’S 1D1F INITIATIVE
Universal Merchant Bank(UMB) has entered into the record books as the first private financial institution to finance government’s flagship,One District, One Factory initiative. Under the arrangement through the UMB PPP Incubator Centre will provide a credit facility to the tune of USD 10.7 million to the Central Sugar Company Limited …
Read More »Bank collapse: ICU gears up for battle in defence of affected workers
The Industrial Commercial Workers Union ICU is lacing its boots for a full defence of hundreds of workers who have lost their jobs in the current banking crisis. Head of the Union, Solomon Kotei says the ICU will be offering “pro-bono” services in court for the workers who voluntarily agree …
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