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UT Bank makes gains on Ghana stock market

The UT Bank gained 25 per cent at the mid-week transaction on the Ghana Stock Exchange to close at GH¢0.05 per share whilst the GCB Bank inched up by 0.7 per cent to close at GH¢5.22 per share. The SCB Bank also gained 0.1 per cent to close at GH¢15.45 …

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GOIL demonstrates stability on Ghana stock market

Ghana Oil Company Limited (GOIL) shares on the Ghana Stock Exchange (GSE) rose by 7.4 per cent to close at GH¢1.30 whilst GCB Bank edged by 1.0 per cent to close at GH¢5.18 per share. GSE trading for the last week of March (27 to 31) opened on the bourse …

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Government to roll out over €7b agriculture project

Government is to roll out a programme under the 11th European Development Fund (EDF), for agricultural investment in the Savannah Ecological Zone.    The 7,160 million Euros programme is to contribute to the development of a sustainable, resilient and modernised agriculture in the zone and all the 11 districts in the …

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Guinness Ghana records block trade on stock market

Guinness Ghana Brewery started third week of March trading on the Ghana Stock Exchange (GSE) with a block trade in its shares, in effect the benchmark GSE-Composite Index edged by 0.04 per cent to close at 1,875.6 points. The GSE-FSI however shed 0.1 per cent to close at 1,776.8 points …

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Veep markets One District One Factory in Mauritius

The Vice President, Dr Mahamudu Bawumia has rallied foreign investors and businesses to take advantage of Ghana’s new government’s pro-business policies to invest in the country.   According to him, the New Patriotic Party (NPP) was determined to make the private sector a major player in the Ghana’s economy.   …

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GPHA to initiate Port Infrastructural Development Fund

The Ghana Ports and Harbours Authority (GPHA), is to initiate a Port Infrastructural Development Fund to finance future port expansion projects.          Mr Paul Asare Ansah, Acting Director General of the GPHA, announcing this said it would help solve the problem of relying on foreign organizations for such needed expansions at …

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Jantong-Daboashie gets Rice Processing Centre

A Rice Processing Centre, has been inaugurated at Jantong-Daboashie in the East Gonja District of the Northern Region to help farmers to process their rice for improved income.     The GH¢ 216,446 facility, which is to contribute to the reduction of unemployment among the youth and women in the District, has …

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GOIL shares hit bullish trajectory on Ghana stock market

The Ghana Oil Company Limited (GOIL) the nation’s foremost indigenous oil marketing company shares rose by 0.8 per cent to close at GH¢1.20 per share at the Ghana Stock Exchange (GSE) mid-week trading. The GCB Bank also recorded a block trade in its shares which accounted for the stock soaring …

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Nigeria attracts highest venture capital of $109m in tech startups in Africa

Nigeria raised the highest Venture Capital (VC), funds for tech startups in 2016. Making the investment the highest in Africa. According to a new report from Partech Ventures, Nigeria attracted the highest fund of $109 million which is 29.8 per cent of total investments in Africa last year. South Africa …

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Full text: Ghana 2017 Budget Statement

  Today March 2, 2017, the Minister of Finance, Ken Ofori Atta presented the government’s budget statement to Parliament. The budget highlights the removal of most of what the government of the New Patriotic Party (NPP) considers nuisance taxes. Outlining the policy initiatives, he said, “we will eliminate nuisance taxes …

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