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Business Home Archived News Video Archive Real Estate Job Openings Business Resources Telephone Directory Economy Information Budget -Archive Tax Trade Exchange Rate Stock Exchange (GSE) External sites Bank Of Ghana Business & Financial Times BusinessGhana Ghana Stock Exchange Ghana Talks Business Security Partner Other Sections Homepage News Business Sports Entertainment World TV / Radio Wall Business News of Friday, 8 March 2019 Source: Daniel Kaku ‘NDC discovered 21 of Ghana’s 23 oil fileds and NPP only 2’ – Kofi Buah

Out of Twenty Three oil fields discovered in Ghana in the last 12 years, the New Patriotic Party (NPP) under John Agyekum Kufuor and Nana Addo Danquah Akufo-Addo administrations combined, discovered just two though the party made the first discovery in 2007. On the other hand, the National Democratic Congress (NDC) under Professor John Evans Atta Mills and John Dramani ...

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NPP disowns De-Eye militia group

The governing New Patriotic Party (NPP) has dissociated itself from a militia group called De-Eye, which is alleged to be affiliated to the party. The NPP, in a statement, said it has no connection to the militia group. The statement comes on the heels of an exposé by investigative journalist Manasseh Azure Awuni on how the Osu Castle, a former ...

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Akufo-Addo must resign over Castle militia – Minority

The Minority in Parliament is demanding the immediate resignation of President Nana Addo Dankwa Akufo-Addo over the Osu Castle Militia exposé arguing that he has lost every moral right to lead the country. Addressing the media following the exposé by Journalist Manesseh Awuni, the deputy minority leader, James Klutse Avedzi, charged the Inspector General of Police to arrest all the ...

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Focus on the cedi, not me – Ofosu-Ampofo to Government

The National Chairman of the opposition National Democratic Congress (NDC) Samuel Ofosu-Ampofo has admonished government to focus on arresting the cedi from further depreciating against dollar instead of him. According to him, the ongoing investigation into comments attributed to him in a leaked tape is deliberate to divert attention from President Akufo-Addo’s bad governance style. “These are diversionary tactics. We ...

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Terminal 3 debt chokes Ghana Airports Company Limited

The Ghana Airports Company Limited (GACL), a state-owned company responsible for managing all airport facilities in the country, is financially constrained due to the high cost of the funds secured for constructing the state-of-the-art Terminal 3 at Kotoka International Airport (KIA). The B&FT on August 12, 2015 reported that the GACL had secured an amount of US$250million from a consortium ...

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No more deputies; Finance Minister ordered to appear in Parliament

The Speaker of Parliament, Prof. Mike Oquaye has directed the Finance Minister, Ken Ofori-Atta to be in Parliament himself to answer questions filed by Members of the House. Prof. Mike Oquaye’s ruling follows the Minority’s insistence that the Minister and not his deputies be present to answer questions which mainly concern mobile money transactions and other details about the banking ...

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‘Tax defaulters in informal sector making life difficult for successive governments’ – Prof.Mike Oquaye

The Speaker of Parliament, Prof.Mike Oquaye, has expressed concern about the posture of businesses in the informal sector which fail to pay taxes; maintaining that they are making life difficult for successive governments. Statistics from the GRA indicate that only 1.5 million of the expected six million taxpayers honour their tax responsibilities to the state, with 200,000 being from the ...

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Cost of KIA’s Terminal 3 burdening GACL – Kofi Adda

Aviation Minister says the loan facility secured for the Kotoka International Airport’s Terminal 3 project had a very high-interest rate which has prevented the Ghana Airports Company Ltd (GACL) from taking on other projects. According to Joseph Kofi Adda, the cost in putting up the Kotoka International Airport’s (KIA’s) Terminal 3 project is strangulating the Ghana Airports Company by preventing ...

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Bank of Ghana to inject $800m into reserves efforts to stabilise cedi

The Bank of Ghana (BoG) says it will add a minimum of $800 million to the country’s reserves this month to stabilise the cedi against major international currencies, especially the dollar. The Head of Financial Markets at the central bank, Steven Opata, told the Daily Graphic that the accumulation of more dollars would help increase the net international reserve (NIR) ...

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