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Newmont’s earnings rose to $133m first quarter 2017, expectations for Ghana high

Newmont Mining Corporation says its first quarter 2017 earnings rose slightly. According to the Denver, USA based mining company with interests in Ghana, adjusted net income rose slightly to $133 million, or 25 cents per share, from adjusted net income of $129 million, or 24 cents per share a year …

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Ghana launches $2.6m remittance grant facility 

Ghana, in collaboration with Switzerland, on Friday launched a Remittance Grant Facility (RGF) of $2.6 million to provide financial assistance to companies to develop innovative remittance products and services at a relatively low cost.  The project is planned to support companies to develop affordable and accessible products and services that …

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Ghana described as partly free in press freedom report

In its 2017 Freedom of the Press report, Washington based Freedom House describes Ghana’s status as partly free, same as in 2016. In an overall score of 100, Ghana scored 33. The countries were assessed under Legal Environment – 30 points and Ghana scored 9 points; Under Political Environment, Ghana …

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Counterfeiting, illegal trade of agri-inputs causing financial loss to farmers – Minister

Counterfeiting, and the illegal trade of agricultural inputs in Ghana is causing financial loss to farmers, the Deputy Minister for Food and Agriculture, George Oduro has said. He said the trend has assumed unimaginable proportions causing great financial loss to farmers, legitimate businesses and environmental challenges. The Deputy Minister was …

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Pakistan expects to earn foreign exchange from Ghana by exporting workers – Report

Pakistan expects to earn foreign exchange from Ghana by exporting manpower to the country, news reports from Islamabad citing a press release have cited the Honorary Consul General of Ghana in Pakistan, Dr Shahid Rasheed Butt as saying. Dr. Butt said Ghana is in need of experts in every field, …

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Internet banking is unpopular in Ghana

By the close of 2015, available statistics shows that Ghana had 35,283,957 telephone subscribers, which represented a teledensity of 129.63 per cent. Mobile data subscribers, as of December 2015 stood at 18,031,188, representing 65.74 per cent, and according to Africa 2017 population and Internet users statistics from internetworldstats.com, Ghana has 7,958,675 …

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Developing countries lose over $900b to illicit financial flows through trade fraud in 2014 – GFI

Developing countries continue to lose billions of dollars to illicit financial flows, in spite of the growing awareness and efforts to stem the tide and the negative effect of the menace on economies in the region, a new report by the NGO, Global Financial Integrity (GFI), has said. According to …

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Trade liberalisation is critical for West Africa’s development – President 

President Nana Addo Dankwa Akufo-Addo on Friday noted that the ECOWAS regional market is critical to the development of West Africa and has “has to be a very fundamental objective of all of our peoples and governments in the region”. He said with West Africa’s population set to hit 500 million people …

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Declare conflict of interest to avoid termination of contracts – WAPCo

The West African Gas Pipeline Company Limited (WAPCo), has cautioned vendors and stakeholders interested in doing business with it but have relatives or friends in the company to as a matter of fact declare conflict of interest before contract processes begin. By declaring conflict of interest, potential contractors and staff …

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Ghana stays at 26 in World Press Freedom Index with no incident against journalists in 2017

Despite the fact that there are no recorded incidents of government repression of media or journalists in Ghana in 2017, the country’s position on the World Press Freedom Index 2017 released this week has not changed. The country is ranked 26, the position it occupied in 2016. The country also …

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