The world’s largest crude distillation column equipment designed for crude oil processing for Dangote Refinery has arrived in Lagos on Sunday, 1 December 2019. The Crude Distillation Column is the largest in terms of distilling capacity which is 650 thousand barrels per stream day. The equipment weighs 2250MT excluding the weight of the internal trays, […]
Category: Business
GH¢153 million spent on printing cedi notes in 2018
The Bank of Ghana last year spent more than GH¢153 million to print the country’s legal tender, the cedi. The amount spent includes the actual cost of printing the legal tender, fees paid to the agency that supervised the printing process as well as what the central bank describes as other currency expenses. According to […]
6 Arrested, 3 Injured As Ghanaian, Nigerian Traders Clash
Six persons have been arrested following a bloody clash between Ghanaian and Nigerian traders in Accra. Three persons, according to the police, were injured during the Monday morning fight at Kwame Nkrumah Circle. The fight follows the closure of shops belonging to some Nigerian traders. Earlier report suggested that the aggrieved Nigerian traders attacked their […]
Twitter CEO reveals ambitious plans to ‘invade’ Africa live
Twitter chief executive Jack Dorsey has capped a whirlwind tour of Africa by pledging to move to the continent for several months in 2020. Dorsey said in a message on the social media platform that he didn’t know where he would be living, but he planned to spend up to half of next year in Africa. “Sad […]
NLA cautions public against the operations and activities of lotto fraudsters
The National Lottery Authority (NLA) would like to caution the Public, Media Organizations and individuals not to fall victim to the operations and activities of lotto fraudsters who are using different platforms and communication strategies to dupe unsuspecting Ghanaians. These Lotto fraudsters and social media miscreants use radio stations, television stations, online platforms, Facebook, WhatsApp […]
NEIP train stops in Northern Ghana; 700 businesses and start-ups supported with cash
The National Entrepreneurship and Innovation programme, which is under the Ministry of Business Development has presented financial support to about seven hundred (700) startup’s and entrepreneurs in the northern regions. After presenting Cheques ranging from Ten thousand to Hundred thousand to beneficiaries in Tamale, the Minister for Business Development, Dr. Alhaji Ibrahim Mohammed Awal in […]
We’ll not tolerate ‘undue stigmatization’ by foreign missions – Oquaye
The Speaker of Parliament, Prof. Mike Oquaye, says as head of the legislature, he would not tolerate any acts of bullying from foreign missions with regards to alleged visa fraud committed by some Members of Parliament. Prof. Oquaye, made the remark at an Editors Forum where he expressed misgivings about the approach of former British […]
Stop ranting and have my support – Baako assures embattled Auditor General
The Editor-in-Chief of the New Crusading Guide newspaper, Abdul Malik Kweku Baako has promised to offer any form of help to the embattled Auditor General, Mr Daniel Yaw Domelevo on a caveat that the latter stops divulging information from his office to the media. “There are times I think he goes too far in his […]
ECOWAS is dead – GUTA fumes
The Ghana Union Traders Association (GUTA) has expressed disappointment in the failure of the Economic Community of West African States (ECOWAS) to enforce trade protocols “ECOWAS is dead, we don’t have ECOWAS,” GUTA National Organizer Clement Boateng declared as a retail trade feud between Ghanaian traders and other West African nationals continues to worsen. Although […]
Wienco and others promise to purchase all excess local rice-MoFA reveals
Agricultural commodity trading company, Wienco Ghana Limited will be at the forefront of attempts to purchase all excess rice harvests. Speaking during a meeting with local rice farmers at Avalavi Weta in the Volta Region on Tuesday, the Deputy Minister of Food and Agriculture, Kennedy Osei Nyarko, said Wienco had already committed to buying all […]
Indian investor takes over Komenda Sugar Factory
The Government of Ghana has finally handed over the Komenda Sugar Factory to a Strategic Investor. Park Aggrotech Company Limited, an Indian company based in Ghana and a subsidiary of the Skylark Group of companies won the bid to manage the sugar factory. The Managing Director of Agrotech Company Limited is Lalit Mishra. The factory […]
BoG to scrutinize salaries of bank CEOs and compensations of boards
The Bank of Ghana (BoG), has served notice that it will soon scrutinize the salaries of Chief Executive Officers and compensations for boards of all banks in the country. The move according to the central bank is aimed at cutting down on the huge salaries of Managing Directors who are not performing to satisfaction. Reacting […]