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Hunger looms in Ghana

Ghana is most likely to suffer food shortage this year, due to the devastation caused by fall armyworms, leaving 18,219.07 hectares of maize farms destroyed so far. Cowpea, yam and cocoa farms, have also been destroyed with Ghanaian farmers losing millions of Ghana Cedis of the investment. Media reports say, …

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GLO hasn’t paid Ghc11m tax – GRA

The head of the Mobilization Taskforce of the Ghana Revenue Authority, Henry Bradford Sam has dared telecommunications company Glo to prove the payment of its tax arrears. The technical office of Glo and two others were closed down on Tuesday for defaulting in the payment of taxes. The two are …

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Ghana signs $4bn MoU with Chinese company

The Government of Ghana has signed a Memorandum of Understanding with Sinohydro Corporation Limited for the execution of a number of key projects across the country. The Chinese state-owned company will among others undertake a Multipurpose Hydro Project at Pwalugu; a Volta Lake Transportation Project; an Accra Flood Prevention Project, …

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Inflation drops to 12.1%

Inflation has dropped again for the month of June from 12.6 percent in May to 12.1 percent. This is the lowest since December 2013. The marginal reduction in the price of fuel was mentioned as one of the factors that contributed to the reduction. Acting government statistician, Baah Wadie, the …

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GCB plans to takeover NIB

GCB Bank Limited has begun overtures to takeover state-owned lender, the National Investment Bank (NIB), in what could create the biggest bank in the country in asset terms. A successful consummation of the deal could potentially create an enlarged GCB Bank with an asset size in excess of GH¢10 billion. …

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Suspend 3% VAT Flat Rate – AGI

The Association of Ghana Industries (AGI) wants the government to immediately put the implementation of the three percent VAT flat rate on hold. AGI wants government to get back to the consultation table with stakeholders to address their concerns before going ahead with the implementation. The VAT flat rate came …

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