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Ghana, IDA sign six financing agreements worth $313.3m

Ghana and the International Development Association of the World Bank on Wednesday signed six financing agreements totalling $313.3 million to support various sectors of the economy. The support in the areas of energy, social services, water and sanitation, information technology, agriculture and natural resources, comprises two new projects, two additional …

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Ghana Pentecostal Council denounces attacks on Judiciary

The Ghana Pentecostal Council (GPC) on Wednesday expressed concern about the verbal attacks on the Judiciary following recent losses of high profile cases brought by the Attorney General against former officials in the erstwhile New Patriotic Party (NPP) administration. A statement issued in Accra and signed by Apostle John Annan …

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Ghana’s GTP, Woodin sold for $151m

Two of Ghana’s remaining textile prides, GTP and Woodin, have been sold off to Actis, a private equity investor in emerging markets, which currently has $4.8 billion funds under management with a growing portfolio of investments in Asia, Africa and Latin America. Specifically, the private equity firm has paid a …

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NPP tells NDC to learn from economic meltdown

The Minority in Parliament has called on the government to learn from the bitter experiences of recent economic meltdown which was caused by investments in the housing sector and take a second look at the STX Housing deal. It also suggested that if the government was bent on providing the …

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Ghana to get more passport application centres

Three new Passport Application Centres (PACs) are to be inaugurated by the close of this month to help ease the congestion and rush at the PAC and the Passport Office in Accra. The new PACS are to be inaugurated in Sekondi, Sunyani and Tamale. Since the biometric passport was launched …

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Ghana’s 2010 Light Cocoa Crop Season closes

The Ghana COCOBOD has announced the closure of the 2010 Light Cocoa Crop Season. In a press release issued Wednesday September 8, 2010 and copied to ghanabusinessnews.com, COCOBOD said the purchases for the 2010 Light Crop Season will cease at the close of business on Thursday September 9, 2010. However, …

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Signature Metals of Australia discovers high grade manganese in Ghana

Australian gold miner, Signature Metals says it has made what it describes as a potentially interesting high grade manganese discovery at its Konongo Project in Ghana. In a press release, Signature, which is known for mining gold in its concessions in Ghana says the discovery is high grade rock chip …

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Power play at Merchant Bank over crude oil letter of credit

A US$66 million deffered letter of credit established by the management of Merchant Bank to a state institution for the lifting of light crude oil to support the country’s power generation is causing some stormy waves within the bank’s board. The controversy stems from the allegation that the facility was …

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Finatradegroup gives equipment to rice farmers

More than 800 rice farmers in the Hohoe Municipality in the Volta Region are to benefit from the services of a modern equipment to boost food production. The GH¢56,000 worth equipment, include a three-in-one Combined Rice Harvester, which harvests, thrashes and bags rice, and two Automatic Rice Seeders that facilitates …

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Minister of Information inaugurates committee to review broadcasting bill

A seven-member technical committee to review existing laws on broadcasting in Ghana, as well as the draft broadcasting bill, was inaugurated in Accra on Tuesday. The bill which is expected to be placed before Parliament early next year, would among other things regulate broadcasting operations in Ghana. Mr John Tia …

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