Ghana has become the largest gold producer in Africa, toppling South Africa in a recent data released by the World Bank. The data copied to the Ghana News Agency said Ghana exported 158 tonnes of gold in 2018, about 15% increase over the previous year. Ghana has thus dethroned South Africa, which produced 139.3 tonnes […]
Ghana’s High Commissioner to the UK&Ireland has assured Ghanaian business owners in the UK he will work to help address the challenges they face in their businesses. “ The businesses you are engaged in continue to make a positive impact on the economy back home and that is why I have come to see at […]
The Managing Director of Tullow Ghana, Kweku Awotwi, has revealed his outfit has awarded contracts totalling $10.6 billion to indigenous companies and joint ventures in which local companies are partners. The expansion of Ghana’s upstream sector, with new entrants coming in, sets the sector up nicely for further growth, he said. He explained that participation […]
Government commissioned Brompton Portfolio Limited’s paper products factory on Tuesday 7th May, 2019 at the Nsawam Medium Security Prisons in the Nsawam Adoagyir Municipality. The Factory manufactures toilet rolls, tissues, paper towels and packaging products. The company has acquired modern machinery and equipment with the capacity to produce over 160,000 packs of tissue papers and […]
Minister of Trade and Industry, Alan Kyerematen has disclosed the pledge by some Chinese financial institutions to make a $400 million financial support available towards the implementation of the Ghana government’s flagship ‘One District, One Factory’ (1D1F) programme. The Chinese institutions, he mentioned, are to lend the $400 million to the local banks for onward […]
The Petroleum Agreement ratified by Parliament for the South Deepwater Tano (SDWT) block gives a fiscal take to Ghana, which is substantially above the international deepwater average of approximately 55%. A statement issued by AGM Petroleum Ghana Limited (AGM) said Ghana would be the main beneficiary of the profits from any oil produced in the […]
The Bank of Ghana (BoG) will today begin the circulation of its enhanced GHc10, GHc20 and GHc50 notes. According to the Bank of Ghana, both the old and the new notes will be used concurrently until the old ones are phased out. New features on the new notes include a gold stripe, a watermark, a […]
AGM Petroleum Ghana Limited is set to begin the exploration of oil in Ghana following the ratification by Parliament of the South Deepwater Tano (SDWT) agreement. A statement issued by the company a while ago read in part that ‘’The Petroleum Agreement ratified by Parliament on 3 May 2019, gives a fiscal take to Ghana, […]
Policy think tank, IMANI Africa, has apologised “unreservedly” to the Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Dr K. K. Sarpong, and Fueltrade Limited, a mid and upstream petroleum company, for “injurious statements” made against them on April 25, this year. In a three-paragraph press statement titled ‘Retraction and Apology to Dr […]
Parliament has approved the amended deal with AGM Petroleum for oil exploration in the Deep South West Tano oil block. The critical decision to accept the recommendations of Parliament’s Mines and Energy Committee was made through voice vote supervised by the Speaker, Prof Aaron Mike Oquaye, amidst opposition from the National Democratic Congress (NDC) minority. […]
An indigenous Ghanaian company incorporated in April 2019, Quad Energy will lead a consortium partnering AGM as local partner in its oil and gas exploration and production activities offshore Ghana. The consortium owns five per cent in the deal. Mr David Adomakoh, a 100% shareholder of Quad Energy, announced this in a statement issued yesterday. […]
Indigenous Ghanaian company QUAD Energy will partner AGM Petroleum in its oil and Gas exploration and production activities in Ghana. A statement issued by QUAD Energy and signed its Director, David Adomakoh and in the possession of BestNewsGH.com said the company was incorporated in April 2019 and has the relevant and requisite expertise and experience […]
