Ghana’s President, John Dramani Mahama has observed that the country’s growing dependence on imported products has dampened the confidence and morale of Ghanaians to be self-reliant in food consumption. He said the Ghana’s inability to be self-sufficient in food production has cut deep into the pride of the citizens, many of whom now spend a chunk of their earnings on foreign made goods. According to President Mahama, the decision by governments in many developed countries to relentlessly subsidize
The Deputy Commissioner of Insurance at the National Insurance Commission (NIC), Simon Nervo Dovor, has disclosed that the Micro-Insurance Regime launched in February 2013 raked in premium income of GH₵52.6 million last year. According to the NIC, currently 16 insurance companies in the insurance industry are offering 34 micro-insurance products covering areas such as education, funerals, family, credit, accident and hospitalisation. Mr. Davor said the micro insurance products are specifically
Ghana has taken a major step to address the emissions and releases of the one of the most notorious heavy metals -- mercury. A year after the adoption of the Minamata Convention on Mercury, ministers and senior government officials from around the world have renewed the international community's commitment to combat the global threat posed to human health and the environment from mercury pollution worldwide. The high-level special event -- “The Minamata Convention on Mercury: Toward its early
There has been a significant drift of airline passengers toward African World Airlines due to its overall business strategy, customer service delivery, routes flown and frequency of flights, some travel agents told the B&FT. AWA’s model of a five-fold charter comprising qualities of safety, security, reliability, comfort and affordability has been touted by its travel agents as one of the key reasons why airline passengers are shifting their patronage from other airlines to AWA. This was disclosed
First Capital Plus Bank (FCPB) has, within a year of starting operations as a universal bank, been adjudged the leading fourth quartile bank in the country by the recent PwC Ghana Banking Survey 2014. The survey found that FCPB leads its peers in share of industry deposits among fourth quartile banks despite being a new entrant. The bank’s previous status as a savings and loans company, the report noted, positioned it to mobilise deposits from a largely unbanked market segment. FCPB also posted
The Deputy Minister for Lands and Natural Resources, Barbara Asamoah says the country’s new mining law to guide government in its management of the mining and minerals sector will be ready by end of year. The law, when fully operational, will define usage of the country’s mineral resources for national development. The law has faced delays and was initiated in 1999, and went through various stakeholder consultations and independent review in 2001, and currently before cabinet for the necessary
The International Monetary Fund (IMF) has asked government to strongly consider scrapping subsidies on energy and petroleum products in order to contain the country's ballooning budget deficit. The recommendation proffered after an IMF team led by Joël Toujas-Bernaté concluded its preliminary discussions with government on a possible intervention by the Bretton-Wood institution, could lead to an increase in energy and fuel prices. Already, Senyo Hossi, CEO of the Ghana Chamber of Bulk Oil
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