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Kasapreko eyes new expansion to meet 2017 target

Ghanaian total beverage manufacturer Kasapreko Company has revealed plans to further expand its production capacity line in order to meet its new target of producing 3.5 million cases of spirit products this year. According to the Managing Director, Richard Adjei, the company will purchase new factory machines by mid-year to …

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Ghana cannot blame IMF for economic challenges – Dr Joe Abbey

Renowned economist Dr. Joe Abbey says the International Monetary Fund (IMF) cannot be blamed for the current challenges faced by Ghana’s economy. The immediate past Mahama-led administration ended the year spending far more than previously thought and there are concerns this could result in the budget deficit reaching almost nine percent. The country’s debt …

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New Finance Minister committed to cleaning up public finances, debts

Finance Minister Ken Ofori-Atta says he is committed to creating wealth and improving people’s lives by ensuring economic freedom as the mainstay of the economy. He also promised in response to his vision for his tenure the commitment to cleaning up our public finances, managing the enormous debt that “we have inherited in …

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BoG pins down illegal microfinance company in Sunyani

The Bank of Ghana has cautioned the public against investing with an unlicensed microfinance company; Agro Development Fund Services Limited. The company is reported to be operating from its office located at A67/3, Asufufu, opposite the Sunyani Traditional Council, Sunyani. A statement from the central bank and signed by its …

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Bad economy forces businesses out

Eleazer Nyaunu, the Regional Officer of the Industrial and Commercial Union (ICU), has observed that many companies are relocating to neighbouring countries as result of the high operational cost in the country. According to him, businesses in Ghana are relocating to neighbouring countries like Ivory Coast due to the unfavourable …

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GHc500m domestic bond ill-timed – Economist

A Senior Economist at the University of Ghana, Dr. Ebo Turkson, has described government’s decision to issue a 3-year domestic bond as ill-timed — citing a further crowding out of businesses as the likely result. Government announced through the Finance Ministry last week that it will issue the GHc500million bond …

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