A new report by the World Bank says the African Continental Free Trade Area (AfCFTA) has the potential to increase income on the continent by 7 per cent or $450 billion. The report notes that if the trade agreement is implemented fully, it could also boost growth, reduce poverty, and broaden economic inclusion, speed up … The post AfCFTA could boost continent’s
Upmarket German carmaker BMW aims to cut overall carbon dioxide emissions from its fleet by at least 30 per cent per vehicle by 2030, linking achieving the target to executive pay, chief executive Oliver Zipse said in Munich on Monday. “We will report back year by year on our progress and measure ourselves by these … The post Germany’s BMW links
The Supreme Court (CSA) has adjourned indefinitely the contempt application against Bernard A. Mornah, the Chairman of the People’s National Convention (PNC) because there was no proof of service on him. Before adjourning the matter, the court subjected Mr. Bright Kuwornu, a Chief State Attorney (CSA) to series of questions as to why Mornah had … The post Supreme
The mining company, Golden Star Resources has announced the sale of its Bogoso-Prestea Gold Mine. In a press release copied to ghanabusinessnews.com Monday July 27, 2020, the company says it has entered into a binding agreement to sell 90 per cent of its interest in the Bogoso-Prestea Gold Mine in Ghana to Future Global Resources … The post Golden
The vigilance of the Volta Regional Directorate of the Food and Drug Authority (FDA) has yielded dividend as two suspects peddling repackaged orthodox medicine as herbal product for patronage by unsuspecting public have been busted. They are Joyce Domie, 45, and James Nyakpo, 35, who were arrested at ‘information centre’ at Sokode, a suburb of … The post FDA
Nigeria has the largest economy in Africa, and it has clearly suffered from the coronavirus outbreak. Here is an overview of the effects. Influence of COVID-19 On the Economy of Nigeria Since early 2020, COVID-19 has been spreading like wildfire. Countries on all continents have been affected and Nigeria is no exception. Although the mortality … The post Effects
The Inspector General of Police (IGP), Mr James Oppong-Boanuh has dispatched homicide experts to the Savanna region to hunt for the alleged murderers of a 90-year-old accused of being a witch. They have been identified as Sanjo, Hajia Filina, Teacher Aliu, Bumaye, Ashley and Manafo. Madam Akua Denteh, who was accused of being a witch, … The post Police hunts for murderers
Professor Kwabena Frimpong-Boateng, one of Africa’s renowned scientists, has underscored the need for the continent “to be determined, aggressive, ambitious and passionate about her affairs.” “As a people, we should not be afraid of breaking new ground. The world may want to intimidate us; that we are so far behind, that we cannot catch up. … The post Scientist
President Nana Addo Dankwa Akufo-Addo Sunday further eased Coronavirus restrictions, seeking to return the country gradually to a state of new normalcy after nearly five months of measures to combat the disease. In a televised national broadcast, the President announced the lifting of restrictions on church and mosques gatherings, open air drinking spots, tourists’ sites … The post President
Government will decide when schools will reopen after the current examinations involving final year students are concluded by mid-September, President Akufo-Addo says. “I will keep you fully informed about the outcomes,” the President gave the assurance on Sunday night in his 14th COVID-19 updates to the nation. He said the safety and good health of … The post Ghana
President Nana Addo Dankwa Akufo-Addo has re-affirmed his Government’s unwavering determination to provide resources to businesses and incentives to the ordinary Ghanaian. This, he said, would strengthen the productive sectors of the economy and ensure sustained economic activities that had been affected negatively by the COVID-19 pandemic. In his 14th national broadcast on Enhanced Measures … The post President
TC’s Energy USA and its partners, Power China Huadong Engineering Corporation Ltd and Seabased of Sweden, have signed a major agreement to finance and revive the Ada Foah Energy Project, which has stalled for years. TC’s Energy Ghana, a wholly Ghanaian owned company is the local counterpart to the project. The project seeks to establish … The post TC’s
The Ghana government has in consultation with the leadership of transport operators, lifted the COVID-19 restrictions in the transport sector. This, would allow for full capacity in the domestic airplanes, taxis, commercial vehicle (trotros) and buses. However, the wearing of masks in vehicles and aircrafts, and the maintenance of enhanced hygiene protocols, remained mandatory, President … The post Ghana
Richard O. Commey former International Boxing Federation (IBF) Lightweight Champion has stated that he will not hesitate to move up in weight if he finds it uncomfortable to fight in his present weight category. According to Commey, he is currently feeling comfortable fighting in the lightweight division and has no difficulties making the weight, hence … The post I
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