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Tag Archives: Ghana Business News

We’ve restored sanity in banking sector – President Akufo-Addo

President Nana Addo Dankwa Akufo-Addo

The banking sector has been sanitized following stringent measures put in place by the governing New Patriotic Party, says President Nana Addo Dankwa Akufo-Addo. He made this assertion on Tuesday, January 5, 2021, when he delivered his last State of the Nation Address to the 7th Parliament. President Akufo-Addo said …

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NIC extends recapitalisation deadline to January 2022

The National Insurance Commission has extended the deadline for the recapitalization of insurance companies from June 2021 to January 2022. The extension of the deadline is as a result of the economic impact of the COVID-19 pandemic which has affected all businesses around the world and in the country. The …

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Less than two million Ghanaians pay tax

About 1.5 million out of the six million eligible Ghanaian tax payers pay tax, allotting Ghana one of the lowest Tax to Gross Domestic Product (GDP) ratio in Africa. Ghana therefore has a lot to do to meet the Sub-Saharan average target of 17 per cent which is above the …

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BoG to unwind countercyclical measures in financial sector – Governor

Dr Ernest Addison, Governor of the Bank of Ghana has hinted of plans to undo all countercyclical measures implemented in the financial sector due to the COVID-19 pandemic to allow for the proper functioning of the system. He has, therefore, charged banks to remain vigilant, upgrade staff capabilities and improve …

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Ecobank, Registrar General hold virtual sensitisation on business re-registation

ecobank logo

Ecobank, in partnership with the Registrar General, has sensitised businesses on the Companies Re-registration Directive by the Registrar General’s Department to drive compliance. The event, which was held virtually on Wednesday, September 16, 2020 for over 2,000 participants, is part of the bank’s efforts to support and provide convenient solutions …

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Agyapa Royalties transaction not suspended – Ministry of Finance

The Ministry of Finance has debunked claims that the Agyapa Royalties transaction has been suspended. “The Ministry wishes to state that the Agyapa Royalties transaction has not been suspended as is being reported,” a statement from the Public Relations Unit of the Ministry said. It said Mr Mark Agyemang, the …

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Ghana Stock Exchange appoints Abena Amoah as Deputy Managing Director

The Council of the Ghana Stock Exchange (the Exchange) has appointed Ms. Abena Amoah as its Deputy Managing Director. She will be responsible for the operational activities of the Exchange, namely, Trading and Surveillance, Listings and New Products, the Ghana Fixed Income Market and the IT systems of the Exchange, …

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