Business Archives - Page 379 of 390

03 Jun

We Won’t Extend Sim Card Registration Deadline – Ursula Owusu-Ekuful Declares

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The Minister of Communication, Ursula Owusu-Ekuful has declared that the government won’t extend the current deadline for the sim card registrations. She said the directive to flush out all unregistered sims will be in full effect after the deadline passes by the end of July. Mrs Owusu-Ekuful said this during the climax of the Ahafo Regional celebration of the Girls-in-ICT Initiative held at Acherensua in the Asutifi South District on the theme “Access and safety.” Mrs Owusu-Ekuful said mobile phone subscribers and users in the country had been provided with enough time and opportunity to register their SIM cards saying,…

02 Jun

VP Bawumia Commissions $50m Bulk Power Supply Point at Kasoa

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The Vice President, Dr. Mahamudu Bawumia, has inaugurated a $50 million Bulk Power Supply Point at Kasoa in the Central Region on Wednesday June 1, 2022. The 435 MVA project, funded by the Millennium Development Authority (MiDA) under the Ghana Power Compact Agreement with the Government of the USA, is the second largest bulk power supply under the agreement after the Pokoase Bulk Power Supply. The substation, will serve the fast-growing Kasoa municipality, as well as to Winneba and nearby communities. Speaking at the inauguration, Dr. Bawumia said, the project, which started two and a half years ago, will significantly…

01 Jun

Invest, List On Local Stock Exchanges – VP Bawumia To Mining Companies

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The Vice President, Dr Mahamudu Bawumia, has challenged mining companies operating in Ghana and the entire West African sub-region to work with Governments and regulatory bodies to establish a mining index on local Stock Exchanges to allow both the owners and investors in the minerals to benefit from its exploitation. The benefits of a mining index on the local bourse are enormous, enabling both the State, Mining Companies, beneficiary communities and investors to attract the necessary capital and built in incentives for all involved, Dr Bawumia indicated. Speaking at the opening session of the three-day West African Mining and Power…

01 Jun

Build Up Your Gold, Other Reserves To Withstand Economic Shocks – VP Bawumia To African Central Banks

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African Central Banks have been urged to partner with the mining sector and build up their gold reserves in order to withstand the headwinds buffeting their economies in the wake of the Covid 19 pandemic and the Russia-Ukraine conflict. Vice President Mahamudu Bawumia, who made the call on Wednesday, 1st June 2022, said the aftermath of these two challenges will result in a redefinition of the global economic architecture due to disruptions in supply chains and drastically reduced access to essential items. This calls for greater self-reliance, from producing own medicines to enhancing agriculture production. But the greatest emphasis should…

01 Jun

Vendors Bemoan Negative Impact Of E-Levy After 1st Month Of Implementation

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After a month of implementation of the Electronic Transfer Levy (E-Levy), mobile money agents and users of the platform in Accra continue to bemoan its impact on their lives. Checks by Citi Business news show that while some are trying to find ways around the payment of the levy others are hoping things take a turn for the better. The implementation of the 1.5% E-Levy which started on Sunday, May 1, 2022, was done in a modified manner by the implementing agency, the Ghana Revenue Authority (GRA) in collaboration with the Telecom companies, and began despite a legal action filed…

31 May

Ghana-Tanzania Relations: Ghanaian Businesses Urged To Expand To East Africa

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The Tanzania High Commissioner to Ghana, His Excellency Dr. Benson Alfred Bana, has extended invitation to Ghanaian businesses to set up in the Eastern African country to give meaning to the African Continental Free Trade Area. According to the High Commissioner, Tanzania is well-positioned for Ghanaians who want to explore tourism and invest in Agriculture. The High Commissioner noted that there were other investment opportunities in the areas of Agriculture and fertilizer processing to sustain food production on the African continent. He addressed the media ahead of the Ghana-Tanzania Tourism Investment Trade Forum. “We are all signatories to AfCFTA protocols.…

31 May

Jobberman Ghana, TATC Expand Their Services To Include Talent Management

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Unemployed youth in Ghana now have a better opportunity of not just finding jobs and growing their businesses, but harnessing their talents through learning and upskilling for their personal development. This is because Ghana’s leading online recruitment platform, Jobberman Ghana, and its mother company, The African Talent Company (TATC), have unveiled the ‘Unlocking the next level of talent management in Africa’ project to bridge the talent gap in Ghana and Africa as a whole. For the past ten years, the online recruitment platform, Jobberman Ghana, has connected professionals to their dream jobs and helped thousands of companies to hire the…

31 May

Telcos Chamber Calls For Protection Of The Sector To Sustain Gains

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As the leading telecommunications network in the country, MTN takes steps to further localize the company by having Ghanaians own at least 30% of its shares in the country by the end of this year, the Telecommunications Chamber says all stakeholders need to play their part to ensure that the gains of the sector are protected. Data from the National Communications Authority as of the end of March 2022, shows that the total number of voice subscriptions was 41,481,767, representing a total penetration rate for the month under review of 135.75%. MTN held 61.61% of the voice market share. Vodafone,…

27 May

6th Ghana CEO Summit To Focus On Digital Leadership For The Digital Economy

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Its is Monday the 30th of May, 2022. All roads lead to Kempinski Hotel Gold Coast City in Accra for the 6th edition of the Ghana CEO Summit, the foremost business conference for CEOs, heads of state, entrepreneurs, business leaders, board members, investors, directors-general, ambassadors, ministers of state, consultants and policy makers who are committed to unlocking Ghana’s economic potential. The summit offers concrete, innovative and actionable solutions, champions private sector growth, leads discussions around game-changing public policies and advocates for best growth-oriented practices to help the country move forward, build resilient companies and develop outstanding CEOs. Left to right:…

27 May

Ghana’s 2022 Economic Outlook To Remain Positive; GDP Projected To Grow By 5.3% – AfDB Report

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With a projected growth rate of 5.3%, the African Development Bank is forecasting a positive economic outlook for the Ghanaian economy this year. According to its 2022 Economic Outlook Report released at the Bank’s ongoing Annual Meeting in Accra, it is however expecting a slight drop in the rate at which the economy grows. The projected growth rate for 2022 of 5.3%, is a target lower than the 5.8% set by the government in the 2022 budget. The growth of the economy in 2022 will however also be higher than Sub Saharan Africa’s Average of 3.7% in 2022. The release…