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 […]
The Public Interest Accountability Committee (PIAC) has faulted the Finance Ministry for including some unspent GH¢440 million from 2017 in this year’s budget expenditure. PIAC has described as misleading a claim by the Ministry that the GH¢ 440 million unspent oil revenue in 2017 is part of its GH¢ 1.5 billion budgetary expenditure for this year. In […]
The Vice President, Dr. Mahamudu Bawumia has assured that the recently launched e-procurement system will allow for efficiency and transparency in the procurement process. Dr. Bawumia who launched the Ghana Electronic Procurement System (GHANEPS) on April 30 2019 said ‘’ The eProcurement system is designed to address corruption in procurement procedures by minimising human face-to-face […]
The Ghana Union of Traders Association (GUTA) says they have never thrown their support behind the activities of black market operators in the country as being peddled in some sections of the media. They argue that they have been at the forefront of advocating for the Bank of Ghana to clamp down on the activities […]
Mobile Telecommunications Giant MTN has donated a cash amount of Five (5) Thousand Ghana Cedis, MTN recharge cards and drinks to the Efutu Traditional Area in the Central Region as its contribution towards this year’s Aboakyir Festival. Prince Nyarko, Regional Senior Manager for the South-West Business District for MTN who led the delegation to make […]
Mobile Telecommunications Giant, MTN has embarked on a customer outreach in Southern Ghana, encapsulating Ho in the Volta Region, Cape Coast in the Central Region and Koforidua in the Eastern Region. The customer outreach according to Prince Owusu Nyarko, Regional Senior Manager incharge of the South-West Business District of MTN, is aimed at creating a […]
Investors are required to go through the following application procedure to obtain a Free Zones license Incorporate a company in Ghana with the Registrar General’s Department. Obtain and complete the GFZA Application Form (US$ 100) and submit with the following: Business Plan Copy of Certificate of Incorporation Copy of Certificate to Commence Business Copy of […]
The Chief Executive Officer of the Ghana Free Zones Authority, Micheal Okyere Baafi has assured investors of the determination of the Authority to protect their interest and ensure they operate within the confines of the laws of the country. According him, there is no need for any investor to panic and habour fears of losing […]
The Securities and Exchange Commission (SEC) has denied media reports suggesting the closure of some micro finance institutions in the country. A tall list of companies circulating on social suggests the companies have been earmarked for closure by the SEC and the information alleged had come from its website. But in a rebuttal, the SEC […]
