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Dzata Cement: We must rally behind Ibrahim Mahama to succeed
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Dzata Cement: We must rally behind Ibrahim Mahama to succeed


Summary short_text

The management of Dzata Cement has said they are yet to announce the price of its cement.

Different brands of cement sell between GH¢45 and GH¢50 currently in Ghana.


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New gold advances while Cal Bank, MTN Ghana fall on declining rates
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New gold advances while Cal Bank, MTN Ghana fall on declining rates


Summary short_text

The GSE Financial Index moved down by 2.17 points on the back of Cal Bank to close the session at 1,889.27 with a 5.97% year-to-date return while the SAS Manufacturing Index stayed flat to close at 1,431.10 with a -15.88% year-to-date return.

Enterprise Group dominated trades by both volumes and value, accounting for 52.10% of the total volumes traded and 73.36% of the total value traded.


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Government working on Amazon operating in Ghana


Summary short_text

Mr Ofori-Atta said the presence of Amazon in Ghana would help create jobs for the youth and prop up the Ghanaian economy.

The Finance Minister said the government as part of measures to transform the economy, implemented several initiatives to digitalize the economy.


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Seed traceability programme will eliminate charlatan seed producers


Summary short_text

Dr Issahaku stated this during a day's training programme on seed traceability systems for agro input dealers drawn from North East, Savannah and Upper West Regions.

The seed sector, described by Dr Issahaku as the sleeping giant in the agriculture sector has not experienced the expected growth trajectory and at the centre of the challenge according to him was the issue about the quality of seeds produced and sold to farmers.


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Debt increase of 137% between 2016 and 2020 lower than previous administrations
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Debt increase of 137% between 2016 and 2020 lower than previous administrations


Summary short_text

Comparing debt levels of all the past governments, Mr Ofori-Atta said the rate of increase in debt presently, was lower than that of former President John Kufuor, late former President John Mills and former President John Mahama administrations.

Between 2008 and 2012, the debt stock increased by 269 percent, whilst between 2012 and 2016, the increase in the debt stock was 243 percent.


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GRIDCo, ECG assures of early completion of projects
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GRIDCo, ECG assures of early completion of projects


Summary short_text

In a joint statement issued in Accra by the two companies yesterday, they stated that key projects that were currently underway in the Greater Accra, Central and Ashanti regions would enhance power supply reliability in the country.

All these projects, according to GRIDCo and ECG were aimed at boosting the efficiency of the value chain in order for customers to enjoy quality, reliable and stable power supply.


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Susu operations go digital in Ghana
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Susu operations go digital in Ghana


Summary short_text

The operations of Susu collectors in Ghana are increasingly becoming digitised.

An official statement issued to the Ghana News Agency, on Tuesday, said this would complement the initial efforts by the German Development Cooperation to help the GCSCA transition from manual to digital record keeping.


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Enforce containerization of transit cargoes


Summary short_text

Alhaji Seidu Iddrisu Iddisah, Deputy Commissioner in Charge of Ethics and Good Governance at the Customs Division of the Ghana Revenue Authority, said the use of tarpaulin and other binding materials to reinforce transit goods to neighbouring countries instead of containerizing cargoes could lead to possible manipulations.

He said cargo containers were designed to enable easy fixing of tracking devices, which promote accurate monitoring of transit bound cargoes unlike the use of binding materials.


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PIAC calls for proper targeting of Annual Budget Funding Amount
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PIAC calls for proper targeting of Annual Budget Funding Amount


Summary short_text

While governments over the years had duly selected up to four priority areas, the sectors were not equally assessed, resulting in a situation where some priority areas receive a larger percentage of the ABFA than others.

PIAC said the challenge was not only limited to the amounts allotted to the priority areas but also the thin-spread of projects and the paltry allocations made to these projects.


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IMF lauds Ghana's 2021 budget policies


Summary short_text

The International Monetary Fund has backed government's recent policy towards fiscal consolidation as captured by the 2021 budget.

Leader of IMF's mission Carlo Sdralevich made these observations at the end of virtual meetings under Article IV between Wednesday, April 28 and Wednesday, May 12.


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PIAC calls for proper targeting of Annual Budget Funding Amount


Summary short_text

While governments over the years had duly selected up to four priority areas, the sectors were not equally assessed, resulting in a situation where some priority areas receive a larger percentage of the ABFA than others.

PIAC said the challenge was not only limited to the amounts allotted to the priority areas but also the thin spread of projects and the paltry allocations made to these projects.


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Interbank Board: Exchange rate for May 14
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Interbank Board: Exchange rate for May 14


Summary short_text

The Euro is trading at a buying price of 6.9162 and a selling price of 6.9230 as compared to last Wednesday's trading of a buying price of 6.9623 and a selling price of 6.9685.

Nigeria's Naira is trading at a buying price of 71.6282 and a selling price of 71.6736 as compared to last Wednesday's trading of a buying price of 71.6215 and a selling price of 71.6215.


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Be measured in your expectations of government amid coronavirus


Summary short_text

According to her, government has a done a lot in managing effects of the pandemic on the economy, and more will be done to ensure that citizens are not hard-pressed by the difficult times the country is facing.

The Minister of Finance, Ken Ofori Atta, in a press conference last Sunday said government will over the coming weeks introduce some measures to ease the burden on the public.


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Post coronavirus economic recovery: Akufo-Addo to embark on three nation working visit
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Post coronavirus economic recovery: Akufo-Addo to embark on three nation working visit


Summary short_text

These working visits are part of the efforts the President is making to re-engage with the rest of the world, following the onset of the pandemic, and highlight Ghana, once again, as a country with an impressive business-friendly atmosphere, with bright economic prospects for the future.

In the wake of the devastating effects COVID-19 has had on the economies of all countries in the world, Africa, in particular, has been the hardest hit - having been in a recession last year, and its estimated economic recovery growth rate of 3.7% for 2021 well below the global economic recovery rate of 5.5%. This, according to many economic and financial experts, could worsen even further the problems of poverty and inequality for many Africans, a situation which leaders on the continent are keen to avoid.


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Low food prices push April inflation back to single digit
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Low food prices push April inflation back to single digit


Summary short_text

According to data published by the Ghana Statistical Service on Wednesday, year-on-year food prices recorded an inflation rate of 6.5 percent in April, lower than the 10.5 percent recorded the previous month; and still lower than the average of the previous 12 months.

Food inflation was higher than non-food inflation in six of the ten traditional regions.


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Commodities Market as of May 14
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Commodities Market as of May 14


Summary short_text

Gold is trading at one thousand, eight hundred and thirty-five dollars, five cents as compared to last Wednesday's trading of one thousand eight hundred and thirty-four dollars, thirty-four cents.

Cocoa is trading at two thousand, four hundred and ninety-four dollars as compared to last Wednesday's trading of two thousand four hundred and twenty-five dollars.


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Danger: MoMo agents not adhering to coronavirus safety protocols
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Danger: MoMo agents not adhering to coronavirus safety protocols


Summary short_text

With recent figures released by the telecommunication company for full year 2020 showing a rise in active MoMo users by 1.5 million to a total of 10.6 million active MoMo users, and an additional 53,000 agents during the year to a total of 206,000 nationwide, the ubiquitous nature of MTN's MoMo and this recent development gives cause for concern.

In the week following the directive coming into effect, some 7,000 agents - representing 3% of the total number of agents - had their accounts blocked from transacting business on MoMo because they failed to comply with the new arrangement to request valid ID cards of customers.


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Post coronavirus economic recovery: Akufo-Addo to embark on three nation working visit
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Post coronavirus economic recovery: Akufo-Addo to embark on three nation working visit


Summary short_text

These working visits are part of the efforts the President is making to re-engage with the rest of the world, following the onset of the pandemic, and highlight Ghana, once again, as a country with an impressive business-friendly atmosphere, with bright economic prospects for the future.

In the wake of the devastating effects COVID-19 has had on the economies of all countries in the world, Africa, in particular, has been the hardest hit - having been in a recession last year, and its estimated economic recovery growth rate of 3.7% for 2021 well below the global economic recovery rate of 5.5%. This, according to many economic and financial experts, could worsen even further the problems of poverty and inequality for many Africans, a situation which leaders on the continent are keen to avoid.


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PIAC wants oil revenue spending aligned with national development plan
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PIAC wants oil revenue spending aligned with national development plan


Summary short_text

The PRMA provides for spending of petroleum revenues to be guided by a long-term development plan.

A strategic long-term national development plan, according to PIAC, will help make ABFA spending more transparent and ensure that projects funded by the ABFA are in line with national priorities.


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LPG marketers fear losing GH¢60 million investment
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LPG marketers fear losing GH¢60 million investment


Summary short_text

Apart from fearing that their investment will go waste if the ban is not lifted immediately, the marketers say they are also under pressure to repay loans contracted to build the retail outlets.

The Association further urged that as the new LPG policy - the Cylinder Recirculation Model - has not yet started, government should allow them to complete all projects pending before the Atomic Junction accident.


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