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Category: Business

Business

Energy Sector Outlook For 2017 Uncertain

Posted on November 1, 2016 by

The African Centre for Energy Policy (ACEP) says that the energy sector outlook for 2017 presents significant levels of uncertainty, urging political parties to clearly demonstrate how they intend to confront the…

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Tullow Oil Issues Financing Update

Posted on November 1, 2016 by

Tullow Oil says it has successfully completed the six-monthly redetermination of its Reserve Based Lend (RBL) facility. RBL is a type of financing where a loan is secured by the undeveloped reserves…

Ghana Tops 2016 YALI Awards In Nigeria

Posted on November 1, 2016 by

Ghana’s contingent to the 2016 edition of the Young African Leadership Initiative (YALI), hosted at the Administrative Staff College of Nigeria (ASCON) Badagry in Lagos, Nigeria have topped the awards scheme organised…

GN Bank Opens Branch In Yesunkwa

Posted on November 1, 2016 by

Ghana’s biggest indigenous bank, GN Bank, has added another branch to its outlets bringing its number of branches to 269. The Yesunkwa branch, which is near Elmina in the Central Region including…

Tullow Gas Cuts Won’t Cause Dumsor

Posted on November 1, 2016 by

The Ghana National Gas Company has ruled out significant interruptions in power supply following Tullow oil’s reduction of gas supply to it. Corporate Communications Manager of Ghana Gas Alfred Ogbamey in an…

Government Acquires Land For Livestock Production

Posted on November 1, 2016 by

President John Dramani Mahama on Tuesday announced that government has acquired 10,000 hectares of land to resettle livestock farmers around the Afram plains. He said apart from solving the issue of farmland…

SADA Seeks $5bn To Transform Ecological Zone

Posted on November 1, 2016 by

The Savannah Accelerated Development Authority (SADA) is to raise five billion dollars to transform the savannah ecological zone as part of its master development plan. Out of the amount, two billion dollars…

Government Fleecing ECG

Posted on November 1, 2016 by

Minority in parliament has criticised the President Mahama led National Democratic Congress (NDC) government over a high interest loan facility being offered to the Electricity Company of Ghana (ECG). As parliament approves…

Terkper Hunts For US$2bn From China

Posted on November 1, 2016 by

The government has revived talks with the China Development Bank (CDB) for the remainder of the almost US$2 billion loan facility it abandoned in 2014. The government suspended discussions with the Chinese…

CBOD Demands Swift Commitment In Providing Quality Diesel

Posted on November 1, 2016 by

The Chamber of Bulk Oil Distributors (CBOD), wants government to expedite processes of providing funding for the Tema Oil Refinery (TOR) to meet the new sulphur specification content for imported diesel. It…

Fuel Prices To Remain ‘fairly Stable’ In First November Pricing Window

Posted on November 1, 2016 by

The Institute Energy Studies (IES) has published its bi-weekly forecast of the petroleum market, projecting that petrol and diesel prices will remain ‘fairly stable’ in the first November pricing window. “With the…

Access Bank Share Offer To Deepen Capital Market

Posted on November 1, 2016 by

Access Bank’s hopes of raising at least GH¢104million on the local capital market is a boost to investors who are always yearning for more securities to invest in. Many analysts have hailed…

Fidelity Bank Holds Seminar For SME Customers

Posted on November 1, 2016 by

As part of its 10th anniversary Fidelity Bank has organized a tw- day training workshop for its Small and Medium Scale Enterprise (SME) clients) The training, according to the Bank was also…

Ghana Moves Up Ease of Doing Business Index

Posted on October 31, 2016 by

Ghana has moved an impressive 13 places up on the Trading Across Borders in the latest World Bank Ease of Doing Business Report, an indication that the Ghana National Single Window (GNSW)…

Ghana Is Ready To Handle Oil Spills

Posted on October 31, 2016 by

Ghana is ready to handle any oil spillage should such an incidence happen. This is the assertion by authorities of the Environmental Protection Agency (EPA). According to the agency, various governmental bodies…

Vodafone CEO Urges Fight Against Cable Theft

Posted on October 31, 2016 by

The CEO of Vodafone Ghana, Yolanda Cuba, is urging the Ministry of Trade and Industry to intensify its supervisory role in reducing cable theft in the country. Madam Cuba believes the continuous…

Government To Reconstruct Well Engineered Markets

Posted on October 31, 2016 by

Government has embarked on an exercise to reconstruct and re-engineer all old markets to avoid perennial fire outbreaks in some of the facilities, President John Dramani Mahama has announced. “Under the programme,…

‘Standard’ Diesel Sulphur Content Not To Cause Job Losses – UNEP

Posted on October 31, 2016 by

The United Nations Environment Programme, (UNEP), has ruled out possible job losses in an attempt to reconfigure national refineries to meet acceptable standards for sulphur contents for diesel. According to UNEP, adjusting…

We’ll Use Oil Revenue To Pay Government’s Borrowing

Posted on October 31, 2016 by

The Minister of Finance, Seth Terkper has indicated that government will continue to use revenue from the country’s oil and gas resources to pay its borrowing. “We are going to continue to…

Ghana Will Lose GHS1bn If We Scrap New Taxes

Posted on October 31, 2016 by

Finance Minister Seth Terkper has revealed that government will lose about GHS1billion if some new taxes introduced are scrapped. The minister who dispelled accusations that he tax-happy indicated that the taxes imposed…

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