Despite positive reforms implemented in the past 10 years, Ghana’s business environment is still stagnant, a World Bank report has revealed. Titled “Ghana Economic Diversification Through Productivity Enhancement”, the report emphasised the need for the country to substantially improve the quality of its business environment. Ghana implemented several positive business reforms during the past 10 […]
Springfield Exploration and Production (SEP) Limited and its Partners, Ghana National Petroleum Corporation (GNPC) and GNPC EXPLORCO, officially announce significant oil discovery following its maiden Afina-1 well drilling campaign in the West Cape Three Points (WCTP) Block 2, offshore Ghana. Afina-1 which is located at a water depth of 1030 metres was drilled to a […]
Seven mining companies, the Attorney General and Minerals Commission have been hauled to court over alleged illegalities. The plaintiff, David Addo has commissioned the actions in his capacity as a Ghanaian. Mr Addo claims AngloGold Gold Ashanti Iduapriem Ltd, Newmont Ghana Ltd, AngloGold Ashanti Ghana Ltd, Newmont Ghana Gold Ltd, Golden Start (Bogoso) Ltd, Asanko Gold GH […]
President of the Ghana Hotels Association, Dr. Edward Ackah-Nyameke, has lauded government for instituting the ‘Year of Return’ celebration explaining it will have ripple effects on various facets of the economy for years to come, ABC News can report. Speaking in an exclusive interview with ABC News, Dr. Edward Ackah-Nyameke said even though the country benefits of the […]
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has urged the African, Caribbean and Pacific (ACP) Group of States to remain united, and fight for a fairer world economic order. According to President Akufo-Addo, the rich nations of the world are not prepared for an equitable and fair-trading order, as a result of the […]
The management of GHACEM Cement has announced an increase in the price of its products. The new prices will take effect from Wednesday, 11 December 2019. A statement signed by the Commercial Director of GHACEM, Nana Phillip Archer, on Monday, 9 December 2019 said the upward adjustment is due to, among other things, the depreciation […]
WhatsApp has announced it will soon stop working on millions of phones around the world as they reach the end of their supported lifespan. That means users on a variety of older handsets could end up losing access to the messaging app. Facebook-owned WhatsApp has confirmed via its support page that it will stop supporting […]
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has turned on the valves for the use of natural gas from the country’s gas fields, instead of Heavy Fuel Oil (HFO), on the 450-megawatt Karpowership for the generation of power. This follows the relocation of the Karpowership from its original location in Tema to the […]
President Nana Akufo-Addo has granted executive approval for the expenditure of GHS15.6 billion to save the funds of depositors of the various financial institutions that have collapsed as well as shore up the liquidity of the financial sector. A letter addressed to the Minister of Finance, Mr Ken Ofori-Atta, by the President’s Executive Secretary Nana […]
Finance Minister Ken Ofori-Atta has failed to secure approval from the finance committee of parliament for an amount of 15.6 billion cedis for the banking sector clean-up. The additional amount, according to a memorandum to parliament from Mr Ofori-Atta on November 28, 2019, is to be used to “protect depositors of failed financial institutions and […]
Renowned economist Kwame Pianim says it will take a decade for confidence to be restored to the banking industry, following two years of sector reforms. The reforms saw the closure of some local banks and many other financial firms. Speaking in an exclusive interview on TV3‘s Business Focus on Monday, December 2, Mr Pianim said although the Governor […]
The Minister for Railways Development, Hon. Joe Ghartey, has assured the President of the Republic, Nana Addo Dankwa Akufo-Addo, that the Tema to Mpakadan Railway line will be completed in August 2020. Taking President Akufo-Addo on a tour of the project on Wednesday, 4th December, 2019, the final day of the President’s tour of the […]
