Future Power Deals Will Be Strategized
The Minister of Energy, Boakye Agyarko has described past agreements in the energy sector as “deal-driven” and not “strategy-driven”. He argues that most of the agreements with Independent...
Tag: energy sector
ACEP Calls For Strong Institutions In Energy Sector
The Africa Center for Energy Policy (ACEP) wants institutions in Ghana’s energy sector to be robust and effective in pointing out flaws in government decisions in the sector. According to him, the...
Huge Recapitalisation Alone Not Answer To Banks’ Woes
Aggressive recapitalisation, which could force mergers and acquisitions, should not be forced on banks, Felix Nyarko-Pong, Managing Director of uniBank, has said. Instead, he argues, financial...
ACEP Demands Clarity On ‘reviewed’ Power Compact Deal
The government has been asked to put out details of the amendment to the US$498 million Millennium Challenge Corporation (MCC) support for the country’s energy sector. The Acting Executive Director...
Government Would Construct 1200km of Rail In Next Three Years – Minister
Mr Joe Ghartey, the Minister of Railways Development, has said Government would in the next three and a half years construct approximately 1200 kilometres of rail to boost Ghana’s economy. He said:...
Railway Minister Woos Investors
Minister of Railways Development, Joe Ghartey, has encouraged foreign investors to consider investing in Ghana’s infrastructural sector, especially the country’s rail subsector. Hon. Ghartey...
US, China Must ‘lead the Way’ On Climate
The United States and China have to lead the way in the fight against climate change, former US president Barack Obama said Tuesday. Speaking as the future of the landmark Paris climate accord hangs...
World Bank Blames Sole Sourcing For Ghana’s High Power Costs
The World Bank has blamed Ghana’s relative high cost of power on the adoption of sole sourcing in the granting of power purchase agreements under the past NDC administration. The Bank has also...
Oil Marketing Companies Collapsing
AOMCs says the development has made it difficult for their members to repay debts The Non-Performing Loans (NPLs) of commercial banks, is likely to worsen if government fails to stop the illegal...
High NPLs Threaten BoG’s Minimum Capital Drive
The Institute for Fiscal Studies (IFS) has said the new central bank governor, Dr. Ernest Addison, must ensure the issue of high non-performing loans within the banking industry is dealt with...
High NPLs Threaten BoG Minimum Capital Drive
The Institute for Fiscal Studies (IFS) has said the new central bank governor, Dr. Ernest Addison, must ensure the issue of high non-performing loans within the banking industry is dealt with...
BoG Moves To the Rescue of Banks
All banks in the country have been directed by the Bank of Ghana (BoG) to strictly comply with recommendations from a recent Asset Quality Review (AQR) exercise conducted by the Bank. The findings...
HFC Bank’s Loss Decreases Marginally To GHc38.6m In 2016
HFC Bank has posted an operating loss for the second year in a row though the figure has dropped marginally. The Bank’s 2016 financial statement showed that the loss for 2016 recorded 38.6 million...
Expedite Plans To Clear 2.4bn Cedis Energy Debts
Players in the energy sector are urging government to act briskly in issuing the 15-year bond to clear the 2.4 billion dollars debt. In their view, the plan will bring relief to affected entities and...
CAL Bank’s Profits Drop After Impressive Performances
After recording impressive performances at a time that some banks are struggling in the last three years, CAL Bank has recorded over a ninety percent drop in profits for 2016. According to the...
Reviewing ECG Power Compact Will Attract Consequences – Minority Leader
The Minority Leader in Parliament has raised red flag over decision by the Akufo-Addo-led government to review the ECG concession agreement. Government of Ghana signed the Ghana Power Compact with...
BoG Directs Banks To Plug Loopholes
The Bank of Ghana (BoG) says it has prescribed remedial measures both general and specific to the risk exposure of each of the 31 commercial banks operating in the country to help ensure resilience...
Implement Findings of AQR Exercise – BoG Orders Banks
The Bank of Ghana (BoG) has directed all banks to strictly comply with its recommendations from a recent Asset Quality Review (AQR) exercise conducted by the bank. The findings which have been...
US Will Help Meet Ghana’s Power Needs – Robert Jackson
US Ambassador to Ghana, Robert Jackson, says the US government is prepared to help Ghana meet its power needs in the near future. Speaking at an event to cut sod for the construction of a 400...
Implement Findings of AQR Exercise
The Bank of Ghana (BoG) has directed all banks to strictly comply with its recommendations from a recent Asset Quality Review (AQR) exercise conducted by the bank. The findings which have been...