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July 25, 2018 5:13 PM Education holds the key to success – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has said Ghana will not realise the desired results unless the total education of the people becomes the central concern for all in the society. Societies like the United States of America (USA), Japan, South Korea, India Canada and China among others have prospered and continue to prosper, he said, because they saw education 91

July 25, 2018 2:58 PM NBSSI calls for establishment of garment factory in Hohoe

The Hohoe Municipal office of the National Board for Small Scale Industries is calling for support towards the establishment of a factory to grow the garment industry in the area. Mrs Makafui Hodanu, Business Advisor with the Board, said land as well as some structures had been secured, and that with the provision of about 150 industrial sewing machines 88

July 25, 2018 2:47 PM Tourism sector to employ 150,000 youth

The Ministry of Tourism, Creative Arts and Culture is set to engage over 150,000 youth in its flagship programme, the Marine Drive Project. The sector Minister, Mrs Catherine Abelema Afeku, who made this known, said aside reinvigorating and transforming the face of the tourism and hospitality industry, the project, would also help to reduce the unemployment 87

April 5, 2018 5:35 AM Deposits still major source of funds for banks – BoG report

Customer deposits still remain a major source of revenue for commercial banks. As a result, commercial banks also bear greater responsibility to their customers in earning interests on such deposits. The latest banking sector report by the Bank of Ghana shows that deposits accounted for 62.5 percent of the banking industry’s assets as at December 2017. According 812

April 3, 2018 3:33 PM Reduce TV hours, study hard – DCE

The Upper West Akim District Chief Executive (DCE), Mr Eugene Sackey, has advised pupils to avoid spending long hours watching television and concentrate more on their studies. He said the government would continue to support education through various reforms in the district and the country as a whole. Mr Sackey, who was speaking at the 80th anniversary 653

March 20, 2018 6:28 AM MPs to get GHc75,000 each for education projects

Members of Parliament are expected to receive GHc75,000 each for the funding of education-related projects and monitoring of same in their constituencies. The amount was captured in the recently approved Ghana Education Trust Fund (GETFund) formula for 2018. In the formula, each MP was allocated GHc60,000 for the projects and GHc15,000 for their monitoring 31

March 19, 2018 7:00 AM Alibaba commits to Lazada with fresh $2bn investment

Alibaba is increasing its control of Lazada, its e-commerce marketplace in Southeast Asia it acquired control of in 2016, after it injected another $2 billion into the business and replaced its CEO with a long-standing Alibaba executive. Alibaba’s first investment came in April 2016 when it bought 51 percent of Lazada for $1 billion, and it added another 29

March 15, 2018 6:54 PM Govt signs $39m deal to finance planting for food and jobs

Government has signed a 39 million dollar loan agreement with the African Development Fund (ADF) to support government’s planting for food and jobs program. The facility is to finance the Savannah Zone Agricultural Productivity Improvement Project (SAPIP). A statement from the Finance Ministry and copied to Citi Business News said the project will be implemented 24

March 14, 2018 3:14 PM Inflation increases to 10.6% in February

This represents a 0.3 percent rise in the inflation rate compared to the January 2018 inflation of 10.3 percent. Inflation measures the average change over time in the general prices of goods and services purchased by consumers within a particular period of time. The Acting Government Statistician, Baah Wadieh attributed the increase to the marginal 31

March 13, 2018 3:16 PM Use visa-on-arrival policy to attract African investors – Mahama

Former President John Dramani Mahama has advised African leaders to offer their fellow African nationals special protocol services in the form of visas-on-arrival in a bid to open up the continent for investments. According to him, this will remove the hustle African investors go through trying to access visas when they want to visit other parts of the continent 32