TEN Won’t Ease ‘dumsor’
The completion of the Tweneboa-Enyenra-Ntomme (TEN) fields, which will see Ghana producing 80,000 barrels of oil daily, will have no positive impact on Ghana’s power crisis (dumsor), Gasop Oil...
Category: Business
Invest Oil Revenue In Infrastructural Projects
The African Centre for Energy Policy (ACEP), has urged government to use revenue from the country’s oil production to fund significant projects that will benefit Ghanaians. The Executive Director...
Takoradi Records Least Decline As Tomato Prices Drop Again
In the third week in August, the price of tomatoes recorded the highest drop of 16 percent. A medium size tin of the commodity is now selling at 5 cedis 70 pesewas. According to Esoko Ghana, fresh...
Micro Finance Company Disappears With Amputee’s Money
A 24-year-old woman is left to her fate after a micro-finance company where she invested her insurance benefit disappeared. Comfort Abena Frema lost one leg after a truck with defective brakes ran...
Don’t Strike – NLC Warns Biomedical Lab Scientists
The National Labour Commission (NLC) has ordered the Ghana Association of Biomedical Laboratory Scientists (GABMLS), not to embark on its proposed strike on August 22. The NLC, in a letter sighted by...
Private Sector Will Flourish Again Under NPP
The 2016 presidential candidate of the New Patriotic Party, Nana Addo Dankwa Akufo-Addo, has reiterated his commitment towards ensuring that the private sector regains its pride if he wins this...
Oil Sector Provides 7,000 Jobs, Mahama Declares At TEN Oil Field
The oil and gas sector has so far provided 7,000 jobs in Ghana, President John Dramani Mahama has stated. He said compliance with the local content policy regulations of the country had resulted in...
BoG To Weed Out Unscrupulous Microfinance Institutions
The Bank of Ghana (BoG) is strengthening its licensing requirements in order to weed out unscrupulous microfinance institutions from the system. Dr Abdul-Nashiru Issahaku, the Governor of Bank of...
AGI Urges Private Sector To Support EXIM Bank
The Association of Ghana Industries (AGI) has urged the private sector to support government’s efforts in the establishment of EXIM Bank- Ghana. Mr James Asare-Adjei, the AGI President, said the...
Ghana Can’t Survive Without IMF
Daniel Amateye Anim, Chief Executive of the Institute of Certified Economists, has stated that Ghana cannot survive without the assistance of the International Monitory Fund (IMF) under the current...
TOR Turns Bank Debts Into Bonds
Tema Oil Refinery Limited (TOR), Ghana’s only processor of crude into fuels, is seeking to convert bank loans it had contracted from banks into a 10-year bond for its lenders in order to reorganize...
10 Airlines Chase Government Over National Airline Deal
Ten airlines comprising of both local and international ones have shown interest in partnering government to establish a new national airline. This is the indication coming from the Ministry of...
FPSO Atta Mills To Further Boost Local Content – Mahama
President Mahama has indicated that the Floating, Production, Storage and Offloading (FPSO) Atta Mills’s vessel would create more jobs and increase local content to the benefit of Ghanaians....
Gov’t Imposes 5% Tax On Casual, Temporary Workers
The Ghana Revenue Authority (GRA) has stated that the passage of the legal instrument(LI) under the country’s Income Tax Act, 2015, Act 896 will clarify taxes that must be imposed on class one...
Government To Prioritise Local Content In Oil Production – Mahama
President John Dramani Mahama has promised that his government will increase the use of local resources in the nation’s oil sector. Commissioning the new Tweneboah Enyenra Ntomme (TEN) fields in...
TEN Fields Will Drive Economic Growth – GNPC
The Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Mr Alexander Mould has said the start of commercial oil production from the Tweneboa-Enyenra-Ntomme (TEN) fields in the...
TEN Fields’ Timely First Oil Pleasing – Tullow
Tullow Oil plc, one of the partners operating in the TEN Fields in Ghana’s Western Region, has said it is pleased to announce that first oil has flowed from the Tweneboa, Enyenra, Ntomme (TEN)...
Terkper Lobbies Businesses On EXIM Bank
Finance Minister, Seth Terkper has intensified lobbying for private sector businesses to enroll onto the Ghana Export and Import bank and promote the country’s exports market. “I would want to...
We Haven’t Abandoned 2016 Eurobond Issue
Government has dismissed reports that it has abandoned its decision to issue yet another Eurobond this year. According to Finance Minister, Seth Terkper, government is still considering the various...
TEN Oil Production Starts Today
President John Mahama will Thursday turn the valves of the FPSO John Evans Atta Mills to mark commercial production of oil from the Tweneboa, Enyere and Ntomme (TEN) oilfield. The TEN fields, which...