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Ghana’s rice imports bill hits $500m

Stakeholders in the rice sub-sector of the agricultural sector held their annual general meeting Firday January 23, 2009 and, not surprisingly, fired a petition to the new government. Not only did their petition not surprise anybody; to Ghanaians who have been following the fortunes of this staple it had, indeed, …

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Ghana Association of Bankers announces exchange rates

Following are the average inter-bank exchange rate of the dollar and derived rates for the major currencies against the cedi as issued by the Ghana Association of Bankers on Friday, January 23, 2009. Currency                   NEW GHANA CEDI EQUIVALENT Buying               Selling U.S. Dollar                             1.2316               1.2684 Pound Sterling                    1.6861               1.7367 …

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Ghana’s farmers, fisherman plan on food security

The Ghana National Association of Farmers and Fishermen (GNAFF) has devised a strategy to improve and sustain the country’s food stock to ensure food security in the country. According to the association, “the strat­egy could lead to an agriculture-led socio­economic development of Ghana” and has, therefore, appealed to the government …

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Public curiosity a major setback to emergency response – fire officer

Mr Obeng Dwamena, Deputy Chief Fire Officer for Ashanti, has cautioned the public against storming disaster and crime scenes, saying such acts could be risky. He said the tendency for the public to satisfy their curiosity during disasters were on the increase leading to overcrowding of the areas and also …

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Shea nut farmers congratulate President Mills

The National Association of Sheanut Farmers, Processors and Buyers of Ghana has congratulated President John Evans Atta Mills and Vice President John Mahama for their assumption to the highest office of the land. Members however, appealed to President Mills and his administration to work harder to meet most of the …

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Customs officer outlines measures to improve tax revenue

A senior customs officer has called for urgent decisive interventions and concrete initiatives to exploit the national tax revenue potential, increase revenue exponentially to help reduce the budget deficit. Mr Pius Paabedu Austin, who works at the Tax Policy Unit of the Ministry of Finance and Economic Planning, cautioned that …

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Cedi falls to major currencies Thursday

The Ghana cedi reversed its gains and fell to all the major trading currencies on Thursday pushing up the old Coast Securities (GCS)-Cedi Index by 0.53 points. It depreciated 0.13GHp to the US dollar, 1.23GHp to the Pound, 1.44GHp to the Euro and 0.04GHp to the CFA. The Index, which …

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Ghana spends GH¢176 million on Jubilee House

When Ex-President John Agyekum Kufuor cut the tape to commission the presidential palace complex, which was to become one of his legacies, many Ghanaians were still in a limbo as to how much of their tax money was to be been pumped into the monstrous edifice. Contrary to suggestions by …

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Ghana@50 spends $60m and still owes

It has now emerged that after spending US$60m to celebrate Ghana’s 50th independence anniversary, the country still owes an unknown amount of money to some companies, the Daily Graphic newspaper has reported. According to the news item in the Friday January 23, 2009 issue of the newspaper, GH¢60,179,481 an equivalent …

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Urban Roads to spend GH¢8m on Accra roads

The Department of Urban Roads (DUR) is to spend about GH¢8 million this year to com­plete ongoing road projects within the Accra metropolis to make them more motorable and reduce pollution. It has also decided to focus greater attention on re-surfacing to improve the surface of some roads within the …

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