President John Dramani Mahama on Thursday announced that government would soon launch a special initiative on roads to facilitate movement of goods and services within the country. He announced this when he undertook a road inspection of the Awoshie- Anyaa-Ablekuma- Pokuase roads in the Greater Accra Region. He said roads had over the years served as a major drawback to socio-economic activities and therefore the launching of the initiative would help to catapult economic activities in both the rural
Government has set up the Senchi Economic Report Implementation Group, to ensure that the Senchi Report, the outcome of the National Economic Forum, is formulated into government policy. President John Dramani Mahama who announced this on Friday, said "I am chairing the strategic advisory committee which is to work on policy alternatives that Ghana needs in a short-term to overcome the economic challenges." President Mahama announced this when Mr. Claude Maerten, European Union (EU) Head
Customers of the Northern Electricity Department (NEDCo) in the Upper West Region owe GH₵ 13,102,829 in arrears with Ministries, Departments and Agencies as culprits. The Department’s general collection rate stands at 38 percent and taking off MDAs the Department can boast of close to 100 percent collection rate among individual customers meaning a chunk of the amount in arrears is owed by the MDAs, Madam Hilda Jalia Alhassan, NEDCo Area Commercial Officer told journalists at Wa. She said the
J.A. Plant Pool Ghana Limited has launched new Yutong luxury intercity buses onto the market as the company celebrates six years of Yutong buses in the country. The introduction of the new coaches is expected to boost the popularity of Yutong buses on the country’s roads. Currently, there are more than 1,000 units of Yutong buses in Ghana -- making the brand one of the most patronised buses in the country, with a reputation for good performance and adaptability to the Ghanaian terrain. The Deputy
Crystal Capital and Investments Limited, an Investment and Financial Advisory Firm, has announced the launch of its premier Financial Strategy Seminar Series to set the tone for what will definitely bring a solution to the longstanding puzzles of personal and corporate financial planning, strategic management, church-growth and development for both individuals and corporate institutions. The maiden series, being organised in partnership with Infocus PR, a Public and Media Relations Consultancy firm,
The Suame Magazine Industrial Development Organisation (SMIDO) has taken a historic step by securing GH¢10million through private syndication toward transforming Suame Magazine into a top-flight industrial estate. This follows a compelling vision rolled-out by the organization with diverse corporate financial players to provide services and syndicate financial facilities for the development of Suame magazine dubbed: Suame Magazine Industrial Development Fund. Another stunning accomplishment by
The Anidaso Mutual Fund emerged as the second-best performing fund in the country, posting a Net Asset Value of GH¢1,620,327 that represents a rise of 82% over the prior year’s corresponding figure of GH¢891,809 the fund managers have revealed. Net Asset Value per share as of December 31, 2013 stood at GH¢0.4481, corresponding with a year-to-date change of 81.86%. New Generation Investment Services Limited, fund manager of the Anidaso Mutual Fund, was able to mobilise GH¢323,927 as proceeds
Airtel has outdoored the biggest data campaign in Ghana, dubbed ‘Browse Chaw’. The new campaign is aimed at further positioning Airtel as the network with the best data offering. “Browse Chaw is what you can do with Airtel Internet -- browse, stream and download at exciting speeds wherever you go, whenever, at extremely affordable rates,†the Marketing Director of Airtel Ghana Manu Rajan disclosed at the campaign’s launch. According to him, under the ‘Browse Chaw’ campaign, Airtel
Although government has reduced the number of sectors it funds with oil revenues, the money is still being spread thinly, the African Centre for Energy Policy (ACEP) has said, asking for an investment plan to guide spending. “Education’s capital budget, for instance, has been spread over 64 different projects. And we are allocating so little of the money to these projects that it is not enough to complete them; and so what you get is that most of these projects will experience time overruns and
President John Mahama has faced fresh protests from workers across the country over worsening economic conditions underlined by record inflation and a currency that has lost almost 30 percent of its value to the dollar in seven months. Thousands of workers boycotted work yesterday to express their frustration over what they described as the “prevailing high cost of living.†The protests, led by the Trades Union Congress (TUC), are the latest in a series of actions criticising what have been called
Government Statistician Dr. Philomena Nyarko this week expressed worry over the trend of rising utility prices as this has a drastic impact on the cost of living for households in the country. In October 2013, government announced major hikes in electricity and water tariffs after more than a year of subsidies. The hikes were followed by increases in January and July, causing power and water tariffs to jump by 96 percent and 72 percent respectively over nine months. “It will really impact on households.
Aluworks Limited, the aluminium products manufacturer, says its market share has shrunk as cheap imported substitutes continue to undercut its business. Kwadwo Kwarteng, board chairman, told the B&FT in Accra on the sidelines of this year's annual general meeting that the company’s market share has dropped from 25 percent in 2012 to 15 percent currently. He blamed this on the inability of government to introduce countervailing measures that local manufacturers have proposed against cheap
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