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GHANA: INTEREST IN AIR CHARTER SERVICES SURGES

 

There is growing interest in providing commercial air charter services in the country, as more applications have been received by the Ghana Civil Aviation Authority (GCAA), the industry regulator.

Abdulai Alhassan, the acting Director-General of the GCAA, has said that “companies have applied to operate air charter services and are still going through the process”. “[T]he regulations require us to take them through their business plan, and then we will do due diligence on them”. He said at the presentation of an Air Carrier Licence (ACL) to a new charter service operator, Unicorn Charter Services.

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GHANA: PLANS BY GOVERNMENT TO ESTABLISH GOLD REFINERY

 

Minister of Lands and Natural Resource, Nii Osah Mills says major plans are underway to set up a gold refinery to enable the country add value and fetch higher dividends from gold production.

“Ghana needs to have a major gold refinery and there are plans to see how that can be put together, but they remain plans at this stage; they has not been firmed-up or operationalised.

“We are looking to see how to firm-up those plans as they are on the drawing table. We are trying to look at the pros and cons but certainly it is on the drawing board; at a later stage we will make a pronouncement,” Minister Mills told B&FT in Accra.

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GHANA: TODAY’S FRONT PAGES

 


Public sector workers declare strike over 2nd tier pension; but government says action uncalled for

A number of labour unions from the health and education sectors, the judiciary as well as the civil service are to embark on an indefinite strike from today to back their demand for the government to allow them to manage the tier two of their pension scheme.

 

 


Nkrumah's son writes to Mahama  

Dr Onsy Nathaniel Kwame Nkrumah has asked Presidential John Mahama not to go for an International Monetary Fund (IMF) bailout because the move is not in the interest of the nation.

                                          


Major donor backs IMF talks

The European Union (EU), the Ghana's largest financial donor, says it supports government's ongoing talks with the International Monetary Fund (IMF) aimed at crafting a programme to restore fiscal stability and rebuild depleted foreign exchange reserves.

 


Cheap imports push Aluworks to the margins

Cheap Chinese aluminum products, buoyed by a kind export rebate, have taken over the Ghanaian market and are pushing the nation's main manufacturer of aluminum products Aluworks to the fringes.

 

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DON’T TRAVEL TO EBOLA-HIT COUNTRIES – MINISTER WARNS

 

Government has warned Ghanaians against travelling to countries affected by the Ebola disease.

Addressing a press briefing on Thursday, the Minister of Foreign Affairs, Hannah Tetteh said Ghanaians should only travel to those countries when it is “absolutely necessary” to do so.

 
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MICROFINANCE INSTITUTIONS SEEK TO RESTORE SHAKEN CONFIDENCE

 

The microfinance sector is looking to a new deposit insurance scheme from the central bank to shore-up waning confidence in the sector, Collin Amponsah-Mensah -- head of the Ghana Association of Microfinance Companies (GAMC), has said.

According to GAMC’s board chairman, the deposit insurance scheme will add to several initiatives sector players are undertaking to revamp confidence and boost the fortunes of microfinance companies.

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EU COUNTRY VISION ANCHORED ON EPA

 

William Hanna, Ambassador of the European Union (EU), has said the 28-member economic bloc envisions its cooperation with Ghana developing into a partnership characterised less by aid and more by strong trade and investment ties.

The EU is currently the country’s biggest trading partner, accounting for around 30 per cent of the Ghana’s exports and imports. It is also the largest source of foreign direct investment and provides more development assistance to Ghana than other donors.

 
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SEC URGES GIPC TO WOO PORTFOLIO INVESTORS

 

Adu Anane Antwi, the Director-General of the Securities and Exchange Commission (SEC), says the Commission is engaging the Ghana Investment Promotion Centre (GIPC) to sell the country as a profitable destination for portfolio investments.

The GIPC is the agency mandated to encourage, promote and facilitate investment in the country, while SEC licences and regulates the securities industry.

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AN EMERGING MARKET FOR GYMS?

 

The Ghanaian has become increasingly health-conscious. And this is creating an emerging market for gyms.

A few years ago, it was difficult to come across gyms, massage parlours and the like but that is not the case any longer.

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GHANA: FRONT PAGES TODAY

 


MFIs  SEEK TO RESTORE SHAKEN CONFIDENCE

The microfinance sector is looking to a new deposit insurance scheme from the central bank to shore-up waning confidence in the sector, Collin Amponsah-Mensah, head of the Ghana Association of Microfinance Companies (GAMC) has said.


EU COUNTRY VISION ANCHORED ON EPA

William Hanna, Ambassador of the European Union (EU), has said the 28-member economic bloc envisions its cooperation with Ghana developing into a partnership characterised less by aid and more by strong trade and investment ties.


PETROL DROPS MARGINALLY, BUT STILL EXPENSIVE


SUPPORT LOCAL ENTERPRISE -- FIDELITY BANK MD


GHANA GAS TO FLOW NEXT WEEK

Barring any last-minute hitch, the Atuabo Gas Processing Plant will receive its first natural gas from the Jubilee field next week to carry out its final testing and pave way for commercial production.


FUEL PRICES REDUCED BY 2%


ATUABO GAS PROCESSING PLANT READY IN Q1 2015


NO DECISION ON AFCON 2015 - PREZ 

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MARITIME TRADE LIKELY TO PICK UP

 

Maritime trade flows, which witnessed a significant annual drop in the second quarter of the year, will likely pick up in the third and last quarters as relative stability returns to the foreign exchange market and economic uncertainty reduces, the Ghana Shippers’ Authority has said.

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