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Gov’t tasks shippers to drive industrialisation agenda

Trade and Industry Minister, Alan Kyeremanten, has charged stakeholders in the maritime sector to act their part to support government’s aggressive industrialisation initiatives by creating the right market linkages and facilitating trade. Addressing the 8th African Shippers’ Day in Accra, he indicated that trade facilitation and industrialisation are at the centre of the African development dialogue, to he ...

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Zimbabwe needs immediate economic reforms, warns IMF

Zimbabwe must act quickly to dig its economy out of a hole and access international financial aid, the International Monetary Fund has warned. Government spending and foreign debt are too high and it needs structural reform, Zimbabwe mission chief Gene Leon told Reuters news agency. The country's incoming leader Emmerson Mnangagwa has pledged to grow the economy and provide "jobs, jobs, jobs". The once-thri ...

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National Security seizes Italy-bound high voltage cables

A joint national and port security operation has led to the interception of large quantities of high-tension electricity cables at the Takoradi Port. The cables, which were in a 20-footer container with a Ghana Customs seal, were to be shipped to Italy. Sources close to the operation told the Daily Graphic that the cables were cut into scraps and concealed in sacks before being loaded into the container. Th ...

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Lower power tariffs could sink investor appetite – RMB Research

Lowering electricity tariffs is welcoming news for consumers, but not investors whose capital is very much needed to curb operational inefficiencies and clear unpaid subsidies, South Africa based RMB Research, which analyses global markets, has said. In its review of Ghana’s 2018 budget, RMB noted that despite the good works of the government to achieve macroeconomic stability, what is good for inflation an ...

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AfDB considers proposal to support Planting for Food & Jobs

The African Development Bank (AfDB) is considering a proposal from government to provide financial and technical support to the Planting for Food and Jobs (PFAJ) programme. The bank's support is needed to strengthen the programme and widen its reach to more farmers to be able to produce more foodstuffs and create more jobs. The Minister of Food and Agricultural, Dr Owusu Afriyie-Akoto, said in Accra that th ...

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Akufo-Addo invites Qatari businesses to invest in Ghana

The President of the Republic of Ghana Nana Akufo-Addo called on Qatari businesses to invest in promising sectors of the Ghanaian economy, which include agriculture, mining and gas industry among others. This came during a meeting with Qatari businessmen yesterday headed by Qatar Chamber (QC) Vice-Chairman Mohamed bin Towar Al Kuwari and Ali Al Misnad, Honorary Treasurer at QC and number of other prominent ...

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African leaders charged to be transparent

Deputy Energy Minister, Mohammed Amin Adam, has stressed the need for the continent’s political leaders to rethink the kinds of contracts, allocations and partnerships they strike in the Oil and Gas sector. According to him, they should be transparent. Mr. Amin Adam made the call at the 3rd Africa Oil Governance Summit which was organised by the Africa Centre for Energy Policy (ACEP) – with support from the ...

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“Good News About Electricity Tariffs In 2018 Budget” – President Akufo-Addo Assures Industry

The President of the Republic, Nana Addo Dankwa Akufo-Addo, says government is moving to set in motion the process for the review of electricity tariffs. According to President Akufo-Addo, “In the budget to be read by the brilliant Minister for Finance, Ken Ofori-Atta, on Wednesday, 15th November, I am sure you will hear some good news, in this regard. Industry is going to be given all the assistance we can ...

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Akufo-Addo applauds Jospong

President Nana Addo Dankwa Akufo-Addo, has expressed satisfaction with the operations of the Accra Compost and Recycling Plant, at Adjen Kotoku, explaining that the Plant is helping in bringing to bear an efficient, modern model of sanitation disposal. At a visit to the Plant, on Friday, 10th November, 2017, President Akufo-Addo noted that “what we are witnessing here is the modern way of providing service, ...

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Ford signs deal to make electric cars in China

Ford is pushing to electrify its vehicles going forward, and the company just made another big move to enter the largest market in the burgeoning EV landscape: China. The automaker signed a definitive joint venture agreement with China's Zotye to invest a combined $756 million to build electric cars within the country's borders. The deal creates a new entity, Zotye Ford Automobile Co. Ltd., for which the co ...

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