Month: May 2024

Chiefs Will Be Part Of Licensing Miners When I Become President – Bawumia
02 May

Chiefs Will Be Part Of Licensing Miners When I Become President – Bawumia

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The New Patriotic Party’s flagbearer, Dr Mahamudu Bawumia, has announced his plan to amend the Minerals Act if he wins the upcoming presidential elections. He emphasised that the proposed amendment would incorporate the Chiefs into the mineral licensing process, ensuring their involvement before any miner can obtain a license to operate in a given area. Dr Bawumia said this when he addressed the Western Regional House of Chiefs on Thursday during his Western Regional campaign tour. He identified the lack of involvement of traditional authorities in mining licensing as a significant issue facing the Small-Scale Mining Sector. As a solution,…
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GIPC Reaffirms Commitment To Attract Foreign Investment
02 May

GIPC Reaffirms Commitment To Attract Foreign Investment

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CEO of the Ghana Investment Promotion Center (GIPC), Yoofi Grant, has reiterated the government’s commitment to creating a conducive investment environment to boost economic activities and foreign investments. He stressed the pivotal role investors play in driving the nation’s progress, emphasizing the government’s readiness to engage with international partners for mutual gain. Despite grappling with significant economic challenges during the COVID-19 pandemic in 2020, Ghana witnessed encouraging Foreign Direct Investment (FDI) inflows in the initial quarter of 2021, surpassing figures from 2020 and 2019 for the same period. During the first quarter of 2021, the country attracted an estimated investment totaling $719.97 million, with FDI reaching $682.19 million. By the…
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Otto Addo Is Determined To Succeed With Black Stars – Team Manager
02 May

Otto Addo Is Determined To Succeed With Black Stars – Team Manager

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The Team Manager of the Black Stars, Ameenu Shardow has stressed Otto Addo’s determination to succeed as the head coach of the team. Addo, aged 43, resumed his role as head coach in March, succeeding Chris Hughton who was dismissed following Ghana’s early exit from the 2023 Africa Cup of Nations (AFCON) in Ivory Coast. Despite initial setbacks with losses to Nigeria and a draw against Uganda in his first two games, Shardow insists that Addo, a former Ghana international, is eager to lead the team to success. “Ghanaians are hungry for success under Otto Addo, but it requires patience,”…
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GFA Working To Restore Black Stars’ Lost Glory – Ameenu Shardow
02 May

GFA Working To Restore Black Stars’ Lost Glory – Ameenu Shardow

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Black Stars Team Manager, Ameenu Shardow says the Ghana Football Association (GFA) is working tirelessly to restore the lost glory of the senior national team. The Black Stars have been slammed and criticized for their uninspiring performances in recent tournaments. In the 2021 Africa Cup of Nations (AFCON) in Cameroon, the team exited at the group phase with just a point. At the 2022 Mundial in Qatar, the senior national team exited at the group stage with three points. The team again failed to glitter in the 33rd edition of the AFCON in Ivory Coast where they got eliminated again at…
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Cedi Hits GH¢14.18 To A Dollar; Year-To-Date Loss Reaches 13.45%
02 May

Cedi Hits GH¢14.18 To A Dollar; Year-To-Date Loss Reaches 13.45%

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The depreciation of the cedi to the dollar continued unabated as the local currency hit GH¢14.18 to the American greenback on the retail market. This is coming despite the Bank of Ghana selling $20 million to the Bulk Oil Distribution Companies (BDCs) in the 51st auction. The local unit has so far lost about 13.45% to the US dollar, making it one of the poor-performing currencies on the African continent in 2024. The local unit began this week, selling at GH¢14.05 to the dollar at most forex bureaus. Though analysts expected this auction to soak up some forex demand on…
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GNPC Welcomes New Boss
02 May

GNPC Welcomes New Boss

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The new Ghana National Petroleum Corporation (GNPC) CEO, Joseph Abuabu Dadzie starts work today after his appointment by President Akufo-Addo on April 4. He takes over from Opoku-Ahweeneh Danquah whose term of office ended on April 26, 2024. Until his appointment, Mr Dadzie was GNPC’s Deputy Chief Executive responsible for Commerce, Strategy & Business Development. Before this, he was the Corporation’s General Manager, Commercial from June 2017 to August 2020. Mr. Dadzie is an accomplished Financial and Management Executive with over 25 years of experience at various executive and senior management levels in five organizations spanning energy, oil and gas,…
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Flavour Reacts As Fans Drag Him Into Davido, Wizkid Beef
02 May

Flavour Reacts As Fans Drag Him Into Davido, Wizkid Beef

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Renowned Nigerian artiste Flavour has begged to be exempted from the ongoing feud between his colleagues, Davido and Wizkid over musical supremacy. In the last few days, Davido and Wizkid have jabbed each other and rubbed their achievements on each other’s faces after a tweet where Wizkid subtly claimed he is the Messiah of their music industry. He sent subliminal shots to Davido unwarranted, which he caught on and responded, fueling their long-held rift. Amid their brags, some netizens urged them to tone down, as the likes of Flavour are still in the industry. Addressing netizens in a tweet, Flavour…
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I’m Grateful To Everyone For Your Support During The Ejisu By-Election- Chairman Wontumi Expresses Gratitude
02 May

I’m Grateful To Everyone For Your Support During The Ejisu By-Election- Chairman Wontumi Expresses Gratitude

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The Ashanti regional chairman of the ruling New Patriotic Party(NPP), Bernard Antwi Boasiako has expressed his profound gratitude and heartfelt appreciation to individuals, groups,, electorates of Ejisu, NPP Executives at the national, regional and constituency and polling station level, traditional leaders and everyone, for their enormous support in ensuring that the NPP candidate, Lawyer Kwadwo Boateng won the Ejisu By-election. He said the unconditional love and support shown to the party during the entire electoral process, is one that he can never forget as the regional chairman of the party. "I salute everyone for their tireless effort and contribution for…
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BoG Urges Banking Sector To Embrace Innovation
02 May

BoG Urges Banking Sector To Embrace Innovation

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The Bank of Ghana (BoG) has called on the banking and finance industry to prioritize innovation, adaptation, and evolution to meet the changing needs of the sector. This clarion call was made by Dr. Maxwell Opoku-Afari, the First Deputy Governor of the Bank of Ghana on behalf of the Governor, Dr. Ernest Addison, during a speech commemorating the 30th anniversary of the National Banking College (NBC). “The commitment to innovate, adapt, and evolve to meet the changing needs of the banking and finance industry should be at the forefront of all our endeavours,” Dr. Opoku-Afari stated. “This will help us grow a strong and…
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