Category: Business

Cedi to hit GHC 6.50:$1 by 2023 – EIU

Cedi to hit GHC 6.50:$1 by 2023 – EIU

Business
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he Economist Intelligence Unit (EIU) has predicted that the Ghana Cedi will hit GHS6.50 to US$1 by 2023. This was contained in EIU’s country report on Ghana which was released on 13 May 2019. According to data from Bloomberg, the cedi has fallen by 7.3% as of Thursday, 16 May 2 ...
Ghana to clamp down on fake/substandard mobile devices

Ghana to clamp down on fake/substandard mobile devices

Business
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The Ministry of Communications has tasked the National Communications Authority (NCA) to immediately liaise with the mobile network operators in the country to determine the prevalence of fake mobile phones in use and the level of potential security risk Ghana is exposed to. The M ...
Petroleum receipts double in 2018

Petroleum receipts double in 2018

Business
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A combination of rising production and higher global market prices are giving Ghana direly needed increased revenue. The latest report on petroleum receipts has shown a 94 percent increase in petroleum receipts for 2018 to GH¢4.529.68 million up from GH¢2,334.12 million recorded for ...
BOPP records growth in palm fruits processing

BOPP records growth in palm fruits processing

Business
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The Benso Oil Palm Plantation Limited (BOPP) in 2018 processed 115,566 metric tonnes of palm fruits, an increase of six percent over 2017. The growth in volumes was attributed to good agronomic practices and improved efficiencies both in the plantation and among out-growers. Th ...
MTN Ghana records profit of GHC 1.6 billion

MTN Ghana records profit of GHC 1.6 billion

Business
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Mr Ishmael Yamson, Chairman of MTN Ghana Tuesday said the company recorded a strong financial performance in 2018 with profit before tax increasing by 16.5 per cent to GHc1.6 billion, while earnings per share was GHC 0.067. He said the performance was a testament to the discipline ...
Quick Angels Limited launches operations

Quick Angels Limited launches operations

Business
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Quick Angels, an indigenous investor company, has launched its operations with a pledge to contribute significantly to the economic growth and national development. The company seeks to offer seed equity financing for startups, help expand existing businesses by making available t ...
MPS dismisses claims of job losses over port expansion project

MPS dismisses claims of job losses over port expansion project

Business
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Managers of the Tema Port Expansion Project, Meridian Ports Services (MPS), have downplayed suggestions that the project will lead to massive job losses. The managers say when the project is fully completed; it will rather boost the country’s economy through the creation of thousa ...

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