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Ghana’s economic challenges require an ambitious programme – Trade Minister

Alan

Mr Alan Kyeremateng, Minister of Trade and Industry, has defended the introduction of far-reaching programmes by government to revamp Ghana’s economy saying the country’s peculiar challenges require an ambitious action to quicken growth. The government has launched a national policy summit to dialogue with the private sector and collate public …

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Ghana needs to break the high fiscal deficit cycle – Razia Khan

Ghana needs to break the cycle of high level of fiscal deficit through institutionalisation of reforms that would make fiscal expansion more difficult. Ms Razia Khan, Chief Economist for Africa Global Research Standard Chartered Bank, who made the call, said there was the need for consensus that fiscal deficit needed …

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New report says Nigerians paid $4.6b in bribes in 2016, but how much did Ghanaians pay?

A new report released this week says in 2016 Nigerians paid a total amount of N400 billion, equivalent to $4.6 billion in bribes. The authors say they combined the total number of people who paid a bribe to a public official with the frequency of those payments to arrive at …

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We will borrow responsibly – Bawumia

Vice President Dr Mahamudu Bawumia has said government would borrow responsibly to execute government projects to ensure fiscal discipline and debt sustainability so as to restore the confidence of investors in the national economy. To this end, he said government would amend the Public Financial Management Act to limit the …

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GCB Bank assures UT/Capital Bank customers unfettered access to funds

GCB Bank has assured Customers of UT and CAPITAL  Bank  of unfettered  access  to their funds through their known channels and staff of the assumed banks, working with GCB staff to ensure seamless transactions.     GCB Bank Ltd., the largest indigenous bank in the country with an asset base of GH¢ 6.3 …

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Bank of Ghana to investigate, prosecute directors of UT Bank and Capital Bank

Bank of Ghana says the last phase of the revocation of the licenses of the two distressed banks announced this morning, UT Bank and Capital Bank will be to thoroughly investigate their operations and if any of the directors is found culpable, they would be prosecuted. The Bank of Ghana …

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GCB Bank takes over UT and Capital Banks

The suspected insolvency in some commercial banks that has been brewing for some time now seems to have finally hit reality with the announced take-over of two commercial banks by the GCB Bank Ltd. The Bank of Ghana announced this morning that the GCB Bank has taken over UT and …

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Government has paid GH¢560m of GH¢1.2b NHIS debt – President

The President, Nana Addo Dankwa Akufo-Addo says the government, has cleared GH¢560 million of the GH¢1.2 billion National Health Insurance Scheme (NHIS)  debt it inherited. He also reiterated the government’s commitment to injecting efficiency in the operations of the NHIS by settling all outstanding claims of service providers. The NHIS, …

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Oil money will be used to fund free SHS – President

President Nana Addo Dankwa Akufo-Addo has stated that the proceeds from the Ghana’s oil would be channeled into the funding of the Free Senior High School (SHS) Programme when it takes off next academic year. He stated that so long as he remained as the President, funds from the oil …

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I cannot afford to fail Ghanaians – President 

President Nana Addo Dankwa Akufo-Addo has reiterated that his government could not afford to fail Ghanaians considering the overwhelmingly confidence reposed in him in the 2016 general elections. Addressing a durbar of chiefs and people of Twifo Praso on the first day of his two-day visit of the Central Region on Thursday, the President said “I …

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