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Government working to bring down cost of data – Bawumia

Vice President Mahamudu Bawumia has assured mobile phone and data users that government has begun broad consultations with industry players to work out modalities aimed at bringing the cost of data down as much as possible and to make spectrum more available to telecommunication companies in the country. Addressing a …

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Do you know your market?

Every business needs to know its market and its status/position in that market. This write-up is basically to inform businesses about the importance of knowing this to shape planning and to bring about the necessary benefits. The market has had various meanings in the years past, but in its original …

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Parliament approves GH¢3.6 billion mini budget

The Appropriation Bill for the Supplementary Estimates of GH¢6,370,355,925.82 will be passed today when Parliament is expected to rise for its long recess. Finance Minister Ken Ofori-Atta on Monday presented the mid-year review of the 2019 Budget Statement of the government and subsequently requested a supplementary budget of GH¢6.3 billion …

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Kumasi City Mall wins Gold Award for Commerce and Retail Business

The KCM Mascot, ‘Kotoko’, goes smooth with a young visitor Kumasi City Mall (KCM), the Ashanti Region’s pride in modern, one-stop retail shopping, picked up the Gold Award for Commerce and Retail business at the 16th edition of the Ashanti Business Excellence Awards held in Kumasi over the weekend. Some …

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‘Talk tax’ increment a lazy approach – Kofi Kapito

Kofi Kapito The Chief Executive Officer for the Consumer Protection Agency, Kofi Kapito has expressed reservations about government’s decision to increase the communication service tax from 6% to 9%. Describing the decision as a lazy man’s approach, Mr. Kapito said government could have resorted to other options of maximizing revenue. …

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Finance Minister declares ‘state of emergency’ in energy sector

Ken Ofori-Atta, Finance Minister The Finance Minister has declared “a state of emergency” in the energy sector, which he said is facing serious challenges. The challenges, Ken Ofori-Atta stated, could pose grave financial risks to the entire economy. “At the heart of these challenges are the obnoxious take-or-pay contracts signed …

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Tema Oil Refinery chokes on huge debts, officials plot cover up

While indications are clear that West Africa’s first refinery, the Tema Oil Refinery (TOR) is in a deep debt hole burden, officials employed to turn things around have rather resorted to a denial syndrome. The company lost a staggering GHS186 million in the first four months of operations this year. …

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