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Business and Economics

Five communities to be relocated due to mining concession

 

Ayanfuri (C/R), Feb 22, GNA – Five communities in the Upper Denkyira West and Wassa Amenfi Districts affected by the operations of Persues Mining Ghana Limited (PMGL), an Australian gold mining company, are to be relocated.

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Business and Economics

Licensed buying companies can now use e-zwich to effect payments

 

Accra, Feb. 21, GNA – Licensed buying companies and agro-processing companies can now avoid the risk of moving huge sums of money around to pay farmers by using the e-zwich Payment Distribution System (PDS) to effect payments.

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Business and Economics

HFC Bank and PROPARCO sign a 10-million-dollar facility agreement

Accra, Feb. 21, GNA – HFC Bank Ghana and PROPARCO, a development finance institution, on Tuesday signed a 10-million dollar credit facility to support the bank’s growth strategy, funding of small and medium enterprises, and for mortgage investments.

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Business and Economics

Prices of food items, groceries soar as traders and buyers complain

 

Cape Coast, Feb. 21, GNA – Prices of foodstuff and other items at the Kotokuraba Market in Cape Coast have increased sharply, compared to last year, a survey by the Ghana News Agency has revealed.

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Business and Economics

Stay within budget expenditure limits – Dr Abbey

Kumasi, Feb. 21, GNA – Dr Joseph S.L. Abbey, Executive Director of the Centre for Policy Analysis (CEPA), has urged the government to maintain strict fiscal discipline and avoid expenditure overruns that had become a ritual in the election year.

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Business and Economics

AGI expresses concern about hike in Policy Rate

 

Accra, Feb. 21, GNA – The Association of Ghana Industries (AGI) says it is concerned about the recent upward review of Bank of Ghana’s policy rate from 12.5% to 13.5%.

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Business and Economics

Inter Agency Task Force on Foreigners in retail reconstituted

 

Accra, Feb. 20, GNA – The Inter Agency Task Force set up to monitor activities of non-Ghanaians in the trading sector has been reconstituted and charged to ensure that GIPC Act 478 of 1994 were complied with by foreign nationals.

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Business and Economics

Price of Ga Kenkey increases whiles size shrinks-Findings

 

Accra, Feb. 20, GNA – The price of Ga Kenkey, a maize meal, has increased from 50 pesewas to between 70 pesewas and one cedi although the size has reduced, a Ghana News Agency (GNA) survey in Accra has revealed.

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Business and Economics

Government will maintain macro-stability – Finance Minister

 

Accra , Feb. 20, GNA – Government will not sacrifice economic gains and stability achieved so far on the altar of Election 2012, Dr Kwabena Duffuor said on Monday.

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Business and Economics

Lottery Authority asks police to arrest “banker to banker” operators

 

Agona Kwanyako (C/R), Feb 20, GNA –  Dr S.G.K. Agodzo, Chairman of the Board of Directors of the National Lottery Authority (NLA), has appealed to the Ghana Police Service to implement Act 722 and arrest illegal lotto operators.