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Strong laws, poor implementation characterize African resources sector – Research

Countries across resource-rich sub-Saharan Africa are failing to reap the benefits from their wealth of endowments of oil and minerals due to an “implementation gap” between the laws that govern extractive industries and the practices, in reality, new research has stated. An analysis by the Natural Resource Governance Institute of the extractive industries in 28 sub-Saharan African countries reveals that ...

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Award-winning start-up targets affordable medicine for every African

A Ghana-based start-up has received $1.5 million from Ebay billionaire Jeff Skoll to support its work in changing Africa’s pharmaceutical industry to make medicines more affordable. MPharma is one of five social businesses to receive awards from the Skoll Foundation at this week’s Skoll World Forum, Britain’s leading event for social enterprise. Pharmacy owners in African countries such as Ghana ...

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The elephant in the room – The case for maize

“Our beloved country, is free forever.” These words, spoken by our first president at the dawn of our independence, have echoed in the hearts of every Ghanaian for the sixty-two years that we have been a free and independent state. As memorable as these words have been, they also beg the emotional and difficult question of what it means to ...

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Global investment giants to converge in Kumasi as part of Otumfuo’s 20th Anniversary

Otumfuo Osei Tutu II

The World-Meets-In-Ghana Investors’ Forum and Executive Dinner Ball is billed to take place in Kumasi, the Ashanti Regional capital, as part of the official programme of the 20th-anniversary celebration of the coronation of the King of Ashanti Kingdom, Otumfuo Osei Tutu II. The Manhyia Palace, which is the seat of the Asantehene, Ministry of Business Development, Ministry of Aviation, Ghana Investment ...

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Digital pensions market needs to be more attractive – Fintechs to Regulator

Mr. Romeo Bugyei, CEO IT Consortium

Financial technology firms (fintechs) are best positioned to bridge the gap that would make pensions available to the informal sector. However delivery cost has been a major impediment to undertaken such initiative. In 2018, Ghana’s mobile market comprised about 34.57 million subscribers translating to a penetration rate of 119 percent. In this light, Fintechs in Ghana have called on regulatory bodies ...

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Bank Of Ghana To Introduce Upgraded Ghana Cedi Notes

The Bank of Ghana will issue upgraded and security-enhanced banknotes into circulation on May 6, 2019. According to a statement issued by the BOG on Monday, April 8, the banknotes will have enhanced security features in line with evolving changes in the technological landscape. The upgraded banknotes will also come with improved durability and machine readability. The new enhanced security features ...

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Formal Sector Employs Only Two Percent Of Ghanaian Labour Annually – NEIP

Mr Franklin Owusu Karikari

Only two percent of the 250, 000 of Ghanaians who enter the Ghanaian labour market annually, are absorbed in the formal sector, Mr Franklin Owusu Karikari, the Director for Business Support of the National Entrepreneurship Innovative Plan (NEIP) has said. He said the remaining 98 percent relied on the informal sector for jobs, saying, last year alone, the country produced ...

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Benchmark values on imports slashed by 50 per cent

The government has announced a reduction in the benchmark valuation of imports effective Thurday, April 4. The benchmark valuation for general goods has been slashed by 50 per cent whilst that of vehicles has also seen a 30 per cent reduction. This was announced by Vice President Dr Mahamudu Bawumia on Wednesday at the maiden Town Hall Meeting on the economy organised by ...

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Capture cryptocurrency in Ghana’s financial law — Juabeng MP

The New Patriotic Party (NPP) Memeber of Parliament (MP) for Juabeng, Ms Ama Pomaa Boateng, has proposed to Parliament to, as a matter of urgency, pass a law to incorporate cryptocurrency into Ghana’s financial  sector. She said there was an urgent need for members of the house to expand their knowledge and pioneer legislation that would recognise the block-chain technology ...

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Africa Plastics Recycling Alliance launched at Africa CEO Forum

A number of international consumer goods companies operating across Africa have launched the Africa Plastics Recycling Alliance at the Africa CEO Forum in Kigali, Rwanda. They include Diageo, Unilever, The Coca Cola Company, and Nestlé. This Alliance aims to turn the current challenge of plastic waste in Sub Saharan Africa into an opportunity to create jobs and commercial activity by ...

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