ADB Partners PRC
The Asian Development Bank (ADB) and the People’s Republic of China (PRC) have been collaborating since 1986. Thirty years signifies maturity in China, and ADB is eager to develop further, our...
Tag: energy sector
‘Desperate’ Mahama To Reduce Fuel Prices Soon – Akufo-Addo Reveals
The 2016 presidential candidate of the New Patriotic Party has revealed that in the coming days, and in his desperation to hang onto power, President John Dramani Mahama will announce a reduction in...
Desperate Mahama To Reduce Fuel Prices Soon – Akufo-Addo
The 2016 presidential candidate of the New Patriotic Party is claiming that in the coming days, and in a desperation to hang onto power, President John Dramani Mahama will announce a reduction in the...
Banks Crave More Loan Restructuring Deals
Government’s decision to restructure Volta River Authority’s (VRA) debts has been well received by banks in the country which are hoping such arrangements will be made for other State-Owned...
Energy Sector Outlook For 2017 Uncertain
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...
Terkper Hunts For US$2bn From China
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...
Gov’t Negotiates To Access Remaining US$3bn Chinese Loan
Government is in strategic negotiations with Chinese authorities to access the remainder of the US$3 billion loan for energy and gas infrastructure projects, Seth Terkper, Finance Minister has said....
Africa Fastest Growing Economy With Half Population Living In Poverty
Following many years of political turmoil and civil conflict, business is back - and booming - in the Ivory Coast. This prosperous West African country is Africa's fastest growing economy in 2016,...
Energy Sector Cash For Mahama’s Family, Friends
The New Patriotic Party (NPP) has accused the National Democratic Congress (NDC) government of exploiting the energy sector for the personal gain of the family of President John Mahama and cronies....
My 170 Economic Claims Yet To Be Challenged
New Patriotic Party (NPP) Vice-Presidential candidate Dr Mahamudu Bawumia has once again demanded that government responds to his 170 economic claims contained in a lecture where he denounced the...
Bawumia Is A Trojan Horse In NPP
The General Secretary of the National Democratic Congress (NDC), Johnson Asiedu Nketia, has labelled Dr. Mahamudu Bawumia, vice presidential candidate of the opposition New Patriotic Party (NPP), as...
Gov’t Must Save Power SOEs and Banks
Government’s indebtedness to State-Owned Enterprises (SOEs) in the power sector, who in turn owe banks, poses a real and present danger to the economy and must be tackled immediately, Dr Eric...
Dangote’s Refinery To Supply Natural Gas To Ghana
The Dangote Group, which is currently building one of the world’s largest refinery, is promising to supply natural gas to Ghana to make up for the country’s deficit that occasionally triggers...
Nana Addo Meets AGI; Pledges Massive Support For Industries
The Presidential Candidate of the opposition New Patriotic Party (NPP), Nana Addo Dankwa Akufo-Addo, has reiterated his commitment to reduce the cost of doing business by reducing taxes in a move to...
NPP Promises To End ‘dumsor’
The New Patriotic Party (NPP) has outlined an elaborate plan aimed at dealing decisively with the energy crises that has bedevilled the country by bringing to an end the persistent, irregular and...
Power Firms In GH¢19bn Maze of Debt
Government’s efforts to address the debt position of four key state-owned enterprises in the energy sector has left the International Monetary Fund (IMF) flummoxed as to how the debt restructuring...
I’ll End Dumsor – Ayariga
The presidential nominee of the All People’s Congress (APC), Mr Hassan Ayariga, has promised to end the erratic energy situation (dumsor) that has bedevilled the country for years, should he win...
UK Businesses Seek Opportunities In Ghana
Companies in the United Kingdom are seeking business opportunities in Ghana, Mr Carl Woolf, International Trade Advisor for the UK Department for International Trade (DIT) has said. He explained that...
Restructuring of VRA Legacy Debts On Course
The Ghana Association of Bankers (GAB) says the ongoing restructuring of Volta River Authority (VRA) legacy debts on the books of some local banks is on course. The process would show a reduction of...
Korea Electric, ECG Sign Partnership Deal
The Electricity Company of Ghana (ECG) has signed a memorandum of understanding (MoU) with the Korea Electric Power Corporation (KEPCO), Korea’s electricity company, aimed at promoting bilateral...