Staff of universal banks will be denied their bonuses this year as rising Non- performing loans in the sector crossed GH¢6.1 billion for the seven months of the year. Several bank staff who spoke to...
The Electricity Company of Ghana (ECG) has rolled out a contingency plan to ensure stable supply of power during the December 7, 2017 general election and beyond, the Managing Director of the...
The Ministry of Finance has signed a three loan agreement with the German government for 40.82 million euros (approximately 176 million Ghana Cedis) of which 22.82 million euros soft loan...
The Volta River Authority (VRA) in collaboration with a Chinese company, Shenzhen Energy Group Company Limited (SEC) is preparing to set up two 350 MW supercritical coal-fired generating plants at...
19 banks owed under the ‘legacy debt’ received second payment in the first quarter of September. This was part of schedule of payment as agreed between the banks and government. The Ministry of...
The impact of the high Non-Performing Loans (NPLs) on the books of commercial banks is set to reduce by the close of this year. At least this is the confidence expressed by some managers of banks....
The latest Bank of Ghana (BoG) Financial Stability, report covering operations of bank’s for the first seven months of this year shows Non-Performing Loans (NPLs) has hit GHC6.1 billion. Loans...
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...
The President of the Ghana Bankers Association, Alhassan Andani has stated that banks that were owed by government under the legacy debt have received second payment in the first week of September....
Policy Analyst, Dr. Charles Wereko-Brobby, has described the Electoral Commission’s discovery of additional errors on the nomination forms of the presidential candidate of the Progressive...
Policy Analyst, Dr. Charles Wereko-Brobby, has described the Electoral Commission’s discovery of additional errors on the nomination forms of the presidential candidate of the Progressive...
The country’s energy challenges are over courtesy President John Dramani Mahama according to his Campaign Coordinator Kofi Adams. On Abusua Nkomo hosted by Kwame Adinkra, he stated that...
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...
Tullow Ghana Limited has announced the reduction of gas supply from the FPSO Kwame Nkrumah. A statement issued by Ghana National Gas Company cited Tullow as saying it is revising its supply downward...
The government of Ghana has rejected the proposed $1.5 billion coal project to be established in the Ekumfi Aboano District in the country’s central region. The Volta River Authority (VRA) and...
Former Volta River Authority (VRA) Chief Executive, Kweku Awotwi has expressed worry over debts owed power producers and fuel suppliers like the West Africa Gas Pipeline Company (WAPCO). He says...
Officials of the West African Gas Pipeline Company (WAPCo) are in talks with Dangote Refinery to buy gas to bridge an estimated 300million Standard Cubic Feet of Gas Per Day (mmscfd) deficit by the...
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...
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...
The water level in the Akosombo hydro plant is gradually picking up. Water from the upper parts and middle belts of the country keep trickling into the dam giving a positive outlook for the dam in...
