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Only Ghana Card will be accepted for financial transactions from July 1 – BoG

The central bank has directed all financial institutions to only accept Ghana Cards for all transactions. The Bank of Ghana (BoG) explained that this order takes effect from July 1, 2022. This is pursuant to Regulation 7 of the National Identity Register, 2012 (L.I. 2111). “…with effect from July 1, 2022, the Ghana Card shall be the only identification card ...

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Ghana debt moves deeper into distress as investors lose patience

As the era of cheap money draws to an end, bondholders are no longer prepared to cut Ghana any slack. The West African nation’s dollar bonds have slumped 10% in 10 days, moving deeper into distressed territory as investors judge that re-financing debt in the Eurobond market won’t be an option when the Federal Reserve hikes rates and budget targets ...

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Emirates lifts travel ban on Ghana

Emirates has lifted the travel ban that was placed on selected African countries including Ghana. The lifting of the ban starts today Thursday, January 13. A statement said “With effect from 13 January, Emirates will resume passenger services to and from Guinea, Cote D’Ivoire, Ghana, Uganda, and Angola. “Passengers travelling from Guinea, Uganda or Ghana with final destination DXB require ...

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Who is causing the delays and long queues in SIM Registration?

The government has given a March 31, 2022 deadline for all Ghanaians to link their SIM cards to their Ghana Cards or the former will be deactivated. Everyone is currently rushing to beat the deadline but it would appear the system itself is dragging the process and threatening to deny people of their access to communication service come March 31. ...

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Cash shortage hits Zimbabwe banks as thousands stranded for Christmas

Thousands of Zimbabweans lined up outside banks and currency exchange offices across the country on Thursday, some for days, in a desperate bid to get cash before Christmas. Most are unlikely to succeed as the inflation-ravaged southern African country facing a severe shortage of foreign currency, preventing many Zimbabweans from returning home for the holidays or buying Christmas presents. In ...

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Government persuades BoG to begin gold purchase programme from small scale miners

The government in conjunction with the Bank of Ghana is going to start a deliberate gold purchase programme that will target purchasing gold from the small-scale mining sector. The purchasing of gold from the small-scale mining sector follows some persuasion of the Central Bank by the government. Making the assertion at the Responsible Small Scale Mining Awards held in Accra, the Vice-President, ...

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Ghana’s economy will not crush if E-Levy is not passed – Prof Lord Mensah

Economist and Senior lecturer at the University of Ghana, Professor Lord Mensah, has maintained that the economy will not come crashing down if the government fails to get the E-Levy bill passed. He stated that although he fears that the lack of consensus-building in Parliament on the government’s fiscal programme could stall the government’s agenda, he insists there is no cause for ...

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Telcos to reduce charges by 25% to lesson burden of e-Levy on customers – Telecoms Chamber

Telecommunication companies and their mobile money operators have agreed to reduce the charges on transactions by 25% amid the possible introduction of the e-Levy. According to the Ghana Chamber of Telecommunications (GTC), the decision was taken following extensive deliberations with the government on the need to lessen the impact of the new tax on consumers. In a press release, GTC ...

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SEND-Ghana evaluates 2022 Budget Statement and Economic Policy

SEND-Ghana, one of Ghana’s foremost policy think –tanks has released its preliminary assessment of the 2022 Budget Statement and Economic Policy, focusing on Health; Water, Sanitation and Hygiene (WASH); Education; Agriculture; Social Protection; the SDGs; and Taxation. According to a release signed by Emmanuel Ayifah (PhD), Deputy Country Director for SEND GHANA, on Friday 26th November, 2021,revealed that , the organisation’s ...

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Ghana discovers iron ore deposits in commercial quantities

Commercial quantities of iron ore deposits have been discovered in a farming community known as Arokrowa in the Oti Region. The discovery made by the Ghana Geological Survey Authority [GGSA] indicates the iron ore deposits are of a 55.22 weight percent (fe) and a higher grade. The Minister for Lands and Natural Resources Samuel A Jinapor at a meeting with the Chiefs and people of ...

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