Government empowers 2.5 million Ghanaian youth

Six government youth agencies and programmes over the past three and half years have provided entrepreneurial support and empowerment to more than 2.5 million Ghanaian youth. The agencies are the National Youth Authority (NYA), the Youth Employment Agency (YEA), the Nation Builders Corps (NaBCo), the National Board for Small Scale Industries (NBSSI), the National Service […]

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Talk tax cut improves business cost competitiveness

The four per cent reduction in the Communications Service Tax (CST) from nine per cent to five per cent which took effect on Tuesday, September 15, has had an immediate positive effect on the cost competitiveness of many businesses in Ghana, entrepreneurs and corporate executives alike are claiming. Entrepreneurs and corporate executives alike have welcomed […]

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Bribery by foreign companies threatening poverty reduction efforts – World Bank laments

If unchecked, corruption poses a threat to reducing poverty and supporting shared prosperity, the World Bank has said in a paper titled ‘Working in partnership is key to fighting corruption’ released on Wednesday, September 23, 2020. The Bretton Woods institution said corruption has long been recognized as a major impediment to development. From massive theft […]

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Stocks down on fresh lockdown worries, banking sell-off as dollar rises

Hong Kong shares of HSBC 0005.HK and Standard Chartered 2888.HK fell more than 2% each, as global banking stocks remained under intense pressure on reports about financial institutions allegedly moving illicit funds. British lenders HSBC and StanChart were among global lenders named as having transferred more than $2 trillion in suspect funds over nearly two […]

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‘No Payment, No entry’ comes into effect today at KIA

The “No Payment, No entry” policy for inbound airline passengers, which was deferred last week at the instance of international airlines operating in the country, comes into effect on September 21. By this new policy, incoming airline passengers must pay online for the mandatory COVID-19 test upon arrival at Kotoka International Airport before boarding their […]

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Dollar falls against the yen on political uncertainties

The dollar was on track for its fifth straight day of declines against the yen, which was at a seven-week high against the greenback on Friday as investors sought Japan’s safe-haven currency due to monetary policy, U.S. election uncertainty and the latest U.S.-China political tensions. The dollar, after falling to 104.270 yen earlier in the […]

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