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France commits €75m to support growth of Ghanaian MSMEs

Anne-Sophie Avé, Ambassador of France to Ghana, says her country has allocated €75 million as investment into Ghana to support Micro, Small and Medium Enterprises (MSMEs). The amount forms part of a €3.5 billion investment for African countries under the “Choose Africa Initiative,” aimed at offering a range of assistance …

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My greatest fear is interference from church and family members – Special Prosecutor

The Special Prosecutor of Ghana today said, he is unafraid of political interference and would ignore any interference in his work even if it comes from the president, but what he fears most is interference from church and family members. In response to a question on interference in his work …

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Ghana to pay extra GH¢80m over delay of Flowerpot flyover

The Ghana government is to pay an additional GH¢80 million for the completion of the Flowerpot flyover project supposed to be completed in 2018 at GH¢67 million. After a new variation order, the project, which commenced in 2016 and currently at 16 percent complete, is estimated to cost the country …

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African Economic Conference makes calls on stopping $90b leaving continent every year

Africa gets poorer by an amount of $90 billion that leaves the continent every year through illicit means, while the continent continues to struggle with increasing debt burdens, unemployment, broken health systems, worsened by the advent of the COVID-19 pandemic. At the recently held African Economic Conference in Sal, Cape …

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ECG cuts power to Krobo communities

The Electricity Company of Ghana has announced intentions to cut power supply to communities in Lower Manya Krobo and Yilo Krobo because of “on-going interference in its networks”. The announcement made available to the Ghana News Agency stated that the company’s action had become critical in view of the on-going …

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ATC Ghana’s de facto SMP status and implications for smaller mobile operators

In June 2020 when the Ghana government finally named MTN a significant market power (SMP), the main reason was very simple – MTN had for years controlled about 75 per cent share of the telecoms industry cumulatively – in terms of subscribers, voice and data traffic, SMS, value-added services like …

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No revision to 1.75% e-Levy – Finance Minister

The Minister of Finance, Mr Ken Ofori-Atta, says there is no revision of the 1.75 per cent e-Levy because of serious fiscal implications. “We will continue our consultations with the Minority Caucus in Parliament and other relevant stakeholders with a view to achieving consensus and reverting to the House in …

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South Africa courts Africa’s support to produce COVID-19 vaccines

South African President Cyril Ramaphosa has urged African leaders to support his country’s proposal for the World Trade Organisation to grant a temporary waiver of certain Trade-Related Aspects of Intellectual Property Rights (TRIPS) to enable the country produce vaccines. He said South Africa and India co-sponsored the proposal to ensure …

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Sovereign wealth funds slowly gaining grounds in Africa

Sovereign wealth funds are gaining ground in Africa, although urgent financial reforms are needed to boost foreign investment following the COVID-19 pandemic, say economic experts on the second day of the 2021 African Economic Conference. Studies presented during one of the sessions on Friday December 3, highlighted the progress made …

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