Election petition verdict to boost investor confidence

  Election Petition ruling is believed to boost local economic development The business community in the Sekondi-Takoradi Metropolis (STMA) say the supreme court ruling upholding the election of Nana Akufo-Addo as President could help enhance investor confidence and boost local economic development. They said the ruling in the election petition case had cleared investors uncertainty and that of the business community. Speaking to the Ghana News Agency in an interview, Mr Samuel Alabire, a General Merchant, called on Ghanaians especially, party supporters, to accept the outcome of the Supreme Court…

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Ghana for 3 years was described as one of fastest growing economies – Akufo-Addo

  President Nana Addo Dankwa Akufo-Addo President Nana Addo Dankwa Akufo-Addo has said that his administration is working to ensure that the challenges facing Ghanaians are reduced drastically. He said the country has made remarkable gains in the economy and is seeking to consolidate those gains. In an address to commemorate the 64th independence anniversary on Saturday, March 6, at the Jubilee House, Mr Akufo-Addo said “We recognize that the biggest challenge confronting us is to be able to put our country on the path of sustained progress and prosperity…

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Budget 2021: Four things missing from Rishi Sunak

Chancellors like to claim their Budgets include something for everyone, and Rishi Sunak’s tax and spend statement on Wednesday certainly cast the net wide. There were short-term policies to tackle the impact of Covid-19 and long-term plans for righting the nation’s finances. But some people still feel there were gaps, areas where he could have done more: for those struggling to make ends meet, for example, and on action to fast-track the switch to a low carbon economy. Here are four areas where critics and commentators were surprised by what…

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US and EU suspend tariffs in Boeing Airbus row

Italian parmesan had been affected by tariffs The US and the EU have agreed to a four-month suspension of tariffs they imposed on each other as punishment for subsidies provided to rival planemakers Airbus and Boeing. The move affects billions of dollars worth of goods from both countries. including tractors, wine and cheese. It comes a day after the US agreed to suspend its tariffs on UK imports stemming from the dispute. The US said the step marked a “fresh start” to US-EU trade relations. European Commission Executive Vice-President and…

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Budget 2021: Five things to look out for

Chancellor Rishi Sunak will deliver his Budget on Wednesday, setting out the government’s tax and spending plans and forecasts for the UK economy. This year the pandemic will take centre stage, as he faces pressure to continue supporting people and businesses suffering financially, while offering a plan to repay the record £270bn borrowed by government since the crisis began. Ahead of the speech, Mr Sunak has already promised more money for UK’s vaccination rollout; a £5bn scheme to help High Street businesses reopen; and a mortgage guarantee scheme to help…

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Committees in the extractive industry asked to make judicious use of mineral development fund

Stakeholders in the extractive industry have been tasked to make judicious use of the Minerals Development Fund (MDF) to fastrack development in local communities. To this end, it is incumbent on all stakeholders to participate in the disbursement of the Minerals Development Fund. The move is to change the situation where most mining communities such as Tarkwa-Nsuaem, Obuasi among others, were not benefitting immensely from thé MDF thereby living in abject poverty. A Policy Analyst, Dr. Seth Manteaw said this at a two-day training workshop for Local Management Committees (LMCs)…

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Bitcoin energy use ‘bigger than most countries’

image captionElon Musk made a paper profit of more than $900m following an investment in Bitcoin We’ve all heard the stories of Bitcoin millionaires. Elon Musk is the latest. His electric car company Tesla made a paper profit of more than $900m (£646m) after buying $1.5bn (£1bn) -worth of the cryptocurrency in early February. Its high profile support helped pushed the price of a single Bitcoin to more than $58,000. But it isn’t just the digital asset’s price that has hit an all-time high. So has its energy footprint. And…

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No law says churches should pay tax and I can’t force them to – Religious Affairs Minister-designate

The Chieftaincy and Religious Affairs Minister-designate has stated that he cannot compel churches to pay tax if mandated as Minister for Chieftaincy and Religious Affairs. Ebenezer Kojo Kum told Parliament’s Appointment Committee during his vetting Friday, that per the laws of the state, churches are not mandated to pay tax for religious activities, therefore, his outfit cannot act contrary to the laws by compelling churches to do so. “Churches, when they operate as churches are not amenable to pay taxes,” he told the Committee. This follows a controversial debate as…

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Vintage technology: ‘It sounds so much cleaner’

  Air Vice Marshal Rich Maddison is a senior RAF officer with decades of flying experience. “As an Air Force we are as high-tech as you get, but this, this is just me.” He is referring to a miniature computer with a black and lime green screen and miniscule memory that uses AA batteries to power a 1997 design. It is a Psion 5 device and for AVM Maddison it represents his personal aviation history. The dated device is where he keeps his own flying log. Hailing from an era…

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British Airways owner IAG calls for digital health passes

  British Airways owner IAG has called for digital health passes “to reopen our skies safely” as it posted a record loss for 2020 due to Covid disruption. IAG posted an operating loss of €7.4bn (£6.5bn) for last year after the pandemic grounded many of its flights. UK-focused airlines got a boost this week from government plans for travel markets to possibly reopen from mid-May, prompting a flood of bookings. But uncertainty remains about what routes will be available. The airline group – which also owns Iberia, Aer Lingus and…

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