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Govt urged to regulate operations of street hawkers

The Informal Hawkers and Vendors Association (IHVA) of Ghana has called on the government to come up with a comprehensive policy to regulate the activities of street hawkers and vendors in the country. The absence of a clear policy framework, the association said, denied the government the opportunity to collect the appropriate revenue from such trade activities across the country. ...

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Saudi carrier Flynas plans Africa, Balkan hub

Saudi Arabian budget airline Flynas plans to open a hub in West Africa or the Balkans within five years to expand beyond its oversupplied domestic market, according to the airline’s chief executive officer. “Since we are a short-haul carrier, we seek to link those hubs with the current hubs in Saudi Arabia,” CEO Bander Al-Mohanna said Tuesday in an interview at ...

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Regulate “black-market” transactions – Prof Quartey

Professor Peter Quartey, the Head of Economic Division at the Institute for Statistical, Social and Economic Research on Tuesday called on the Bank of Ghana to regulate the Foreign Currency Black-market Transactions. He said the measure would ensure that anybody, who transacted business through exchange of currency, leaves records for the Bank to track and know how much the country ...

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Let’s be honest on how to tackle perennial cedi depreciation – Graphic MD

Mr Ato Afful

The Managing Director of the Graphic Communications Group Limited, Mr Ato Afful, has called for an honest discussion on how to find sustainable solutions to the perennial depreciation of the cedi. Opening the Graphic Business/Stanbic Bank Breakfast Meeting Tuesday morning, Mr Afful said an honest discussion was needed to ensure that the right solutions were adopted to tackle the challenges that ...

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Ghana’s housing deficit hits two million – Housing Minister

Ghana’s housing deficit has hit 2 million units. This was revealed by the Minister for Works and Housing, Samuel Atta Akyea. By this, government would have to build 190,000 to 200,000 units of houses each year for the next 10 years to bridge the gap. This is expected to cost around US$3.4 billion for the 200,000 units. The government announced ...

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Emirates, AWA sign partnership agreement to connect passengers within W/A destinations

Emirates Airlines, an international airline operater, and Africa World Airlines (AWA) have announced a one-way interline agreement to connect passengers within West African destinations. Under the agreement, Emirates customers will have the opportunity to connect to selected routes of Africa World Airlines’ network. It is also expected to open up new African destinations for Emirates customers from May 2019. In ...

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SEC to ‘strongly enforce’ directive on guaranteed returns

Mr Daniel Ogbarmey Tetteh

The Securities and Exchange Commission (SEC) is sending a strong warning to Fund Managers and other market operators against promising guaranteed returns on investments. Director-General of the SEC, Daniel Ogbarmey Tetteh said although some investment firms have defied the directive since 2014, the securities market regulator will descend heavily on violating firms in the coming days. “You are not supposed to ...

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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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