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MiDA commits $212m to reform power distribution sector

The Millennium Development Authority (MiDA) has announced a series of projects and initiatives that will transform and modernise the country’s power distribution sector, following a take-over of ECG by private operator Power Distribution Services (PDS) by February 1. The Authority is committing some $212million in the third year of the …

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Inflation for December 2018 hits 9.4%

The year 2018 ended with a slight increase in inflation rate to 9.4% for the month of December compared with 9.3% in November 2018. The monthly change rate in December 2018 was 1.1 per cent as against 0.7 per cent in November 2018. According to the Acting Government Statistician, David Kombat, the …

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Ghana resumes export of maize, other foodstuffs

Ghana has resumed the export of maize to three neighbouring countries, including Burkina Faso, Ivory Coast, and Togo. This comes at the heels of similar feat in the area of plantain, with reports that several tons of the foodstuffs were being exported to countries in the sub region. Other food items such as …

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Is your bank safe? List of banks that have met BoG’s requirement

Sources have confirmed that the Bank of Ghana will release a list of all banks that have successfully met its GH₵400 million capital requirement as designated by the central bank earlier last year. Following the December 31, 2018 deadline, Graphic Online has formulated a list with predictions of the banks …

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Akufo-Addo commissions $40m diaper factory under 1D1F

Government has granted a five year tax holiday and duty-free regime for the importation of raw materials and machinery by companies operating under the One District One Factory (IDIF) programme. The President, Nana Akufo Addo announced the incentive when he commissioned the biggest baby sanitary pad factory under the 1D1F …

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Patronage of ‘Mahama Camboo’ Tricycles on the Rise in Ho

It gained currency under the erstwhile Mahama led administration as an alternative means of transportation in some parts of the country and got named after the former president. The now popular tricycle, best known in the country as “Mahama Camboo” which has been receiving patronage from a number of residents …

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Stop paying NHIL into Consolidated Fund – GMA urges gov’t

The Ghana Medical Association (GMA) wants government to immediately halt the payment of the National Health Insurance Levy (NHIL) into the Consolidated Fund. President of the Association, Dr Frank Ankobea at a conference said the practice is having serious effects on the operation of the National Health Insurance Scheme (NHIS). “Government should …

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GRA interdicts officers over $3.5 financial loss

The Customs Division of the Ghana Revenue Authority (GRA) has interdicted some of its officers for conspiring with three companies to deprive the country of revenue amounting to $3.5 million. According to a statement released by the Authority and signed by the Commissioner General, Kofi Nti, the three companies, Hendrick …

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