Ghana Gas Reacts To Project Cost
The Ghana National Gas Company Limited (Ghana Gas) has explained that it has not inflated the cost of contract for the construction of the 180-mile (290km) gas pipeline from Aboadze to Tema....
Category: Business
GPHA Prepares For Increased Container Traffic
The Ghana Ports and Harbours Authority (GPHA) has taken delivery of two tug boats to augment its fleet of machinery to effectively handle anticipated increase in container traffic at the ports. The...
GSE Urged To Intensify Education On GAX
A Commissioner of the Securities and Exchange Commission (SEC), Dr Charles Asembri, has said small businesses have failed to take advantage of the Ghana Alternative Market (GAX) because they do not...
Third Quarter Earnings From Crude Exports Decrease To $19.5 Million
Government’s earnings from crude exports witnessed a significant reduction for the third quarter of this year. Latest figures covering petroleum receipts, released and signed by the Finance...
Ghana Still Imports Power
The relatively cheaper cost of electricity from Côte d'Ivoire is the reason Ghana continues to import power from that country, sources have said. As at 5pm yesterday, figures from Ghana Grid Company...
Ghana To Ban Charcoal Production
The Environmental Protection Agency (EPA) is in talks with government to ban the production and sale of charcoal in Ghana. This according to the EPA will help Ghana reduce the emission of carbon...
Gov’t Exceeded Expenditure For the First Seven Months In 2016
Government ended the first seven months of this year missing out on the amount of money it could spend as against revenue mobilized. Government was hoping to spend almost five billion Ghana Cedis as...
GRA Signs MoU With U.S Customs To Enhance Trade, Combat Narcotics
The Ghana Revenue Authority (GRA) and the U. S Customs and Border Protection have signed a Memorandum of Understanding (MoU) to facilitate the exchange of customs expertise from both countries. The...
Blame Rains For Latest Erratic Power Supply
Deputy Power minister John Jinapor has attributed the recent erratic power supply in parts of Accra to the rains. According to him, some of the transmitting lines become vulnerable when they are hit...
Ghana Imports $135m Fish In 2015
Ghana imported $135 million worth of fish last year due to the reduction in the country’s fish stock, Sherry Ayittey, Minister for Fisheries and Aquaculture, has stated. Ms Ayittey, who disclosed...
Dirty Food Vendors To Be Prosecuted
Environmental health officials in the Ashanti Region have warned they will not hesitate in prosecuting food vendors who sell in unsanitary conditions. Officials have begun engaging food vendors...
Cocobod Grabs Two Chinese Miners
Two Chinese illegal miners have been arrested by the Intelligence Department of the Ghana Cocoa Board (COCOBOD). Li Wen Qieng 28, and Mo Sin Shan 35 were arrested for mining COCOBOD’s seed garden...
Economist Worries About Government’s Unrelenting Borrowing
A Senior Economics Lecturer at the University of Ghana, Legon, has raised concerns over government's continuous borrowing strategy, warning the economy could suffocate under high indebtedness. Dr....
BoG Targets Digital Finance Training To Reduce Fraud
The central bank has said it will roll out a nationwide digital financial education programme to educate Ghanaians on digital financial service to enhance security of the service and products offered...
Jubilee Field Will Be Main Driver of Growth 2017 – Terkper
Finance Minister, Seth Terkper, has disclosed that the main propeller of growth next year will be the oil and gas sector with the Jubilee oil field expected to take center stage. Oil production in...
New Airline Begins Flight This Week
Malabo-based Cronos Airline is set to start operations in the country on Friday. The airline is expected to operate twice-weekly flights on Fridays and Mondays between the Equatorial Guinean capital...
AGI Admonishes Businesses
Ghanaian entrepreneurs have been advised not to shun the payment of taxes as business people in order to keep their businesses moving. The Chairman of the Northern Chapter of the Association of Ghana...
Atwima-Kwanwoma Bank Records GH¢7.19 Million Profit
The Atwima-Kwanwoma Rural Bank continues to show strong growth, posting a net profit of GH¢7.19 million on its operations, last year. Mr. Patrick Owusu, the Board Chairman, said this represented an...
Income Levels Should Influence Fixing of Utilities Tariffs
Government and its Regulatory Agencies must take into serious consideration the low levels of incomes in the country whenever they are fixing tariffs of utilities, Maritime And Dockworkers’ Union...
Intervene In ‘cement Wars’
The Paramount Chief of the Aflao Traditional Area, Togbui Amenya Fiti IV, has appealed to President John Mahama to intervene in what he termed as the “cement war” raging in the country. Some...