Telecommunications group, MTN has taken its telco services one step further in Africa with the release of an instant messaging mobile app called ‘Ayoba’. The primary function of Ayoba is to send and receive messages. However, it comes with a truckload of additional services that make it a significant rival to popular chat mobile app, […]
Category: Business
Springfield makes history as first local company to drill for hydrocarbons at depths of 4,000ft and beyond
Springfield Exploration and Production Limited (SEP), a subsidiary of Springfield Group, will make history by becoming the first indigenous Ghanaian and African energy company to drill for hydrocarbons in deep water at depths of 4,000ft and beyond. The company begins its first drilling campaign in 2019 and is on course to be the first independent […]
Take or Pay contracts: Govt, IPPs begin 3-month talks to resolve issues
Government has begun collaborative consultations with Independent Power Producers (IPPs) to resolve the take-or-pay obligations crippling Ghana’s energy sector. The three-month engagement, directed by the ministers of energy and finance, will involve direct discussions with each of Ghana’s Independent Power Producers (IPPs) and gas suppliers, among others. At a meeting with stakeholders in Accra yesterday, […]
1D1F: $80m steel factory opens-B5 Plus to provide 10,000 direct and indirect jobs
The first phase of an $80 million three pre-fabrication manufacturing plant established by B5 Plus Group in Dawhenya in the Greater Accra Region has been inaugurated and has started production. The project, which is under the ‘One District, One Factory’ (1D1F) initiative, will produce various forms of metal and metal-related products for both local and […]
Income inequality increases- from 37% to 43% – Prof. Gyan-Baffour
The Minister for Planning, Professor George Gyan-Baffour, has revealed that income inequality in the country has risen from 37% in 1992 to 43% in 2017. Speaking at a technical review meeting organised by the National Development Planning Commission (NDPC) in Accra yesterday, under the theme ‘Inclusive development and public policy performance: Prospects for child responsiveness […]
No need for panic withdrawals – SEC calms investors
The Securities and Exchange Commission (SEC) has cautioned investors against panic withdrawals, following the recent reforms in the financial sector. “We are aware of some level of anxiety among a section of investors because of the recent reforms taking place within the financial system. We wish to reiterate that the objective is to produce sound […]
MTN donates in support of Awutu Awubia Festival
Mobile Telecommunications giant, MTN has donated cash and various items in support of the 2019 edition of the Awutu Awubia Festival. The company presented a cheque of GHC5,000.00, Airtime worth GHC 300.00 and a Drinks hamper worth over GHC1000.00 to the Awutu Traditional Council. In his remarks, Senior Manager in charge of South West Business […]
BOST MD resigns over contracts
Confirmed reports available to BestNewsGH.com reveals that the Managing Director of the Bulk Oil Storage and Transportation (BOST), Mr George Okley has resigned. BestNewsGH.com sources at the presidency said Mr. Okley tendered in his resignation to the Office of the President on Friday, August 23, 2019. Even though reasons for his resignation remains sketchy, it is […]
AfCFTA to be hinged on 7 clusters- Trade Minister
The National Programme of Action for the implementation of the African Continental Free Trade Agreement (AfCTA) will be based on seven clusters. The seven clusters which includes trade policy, trade facilitation, productive capacity, trade related infrastructure, trade finance, trade information, and factor market integration will help boost intra-African trade. Speaking at the end of a […]
GRA confiscates products without tax stamps
The Ghana Revenue Authority (GRA) has cautioned importers to ensure that the right tax stamps are affixed to the right products. Besides cautioning, the GRA also took the opportunity to educate importers on the essence of its tax stamp authenticator mobile application (app) to help check the authenticity of imported products. The mobile app also […]
Let’s be factual with discussions on Cocoa farmgate price-Fiifi Boafo urges
The Ghana Cocoa Board (COCOBOD) has advised the public to ensure that discussion on the cocoa sector and in particular, the producer price paid to cocoa farmers for their produce, was guided by facts and not sentiments. In a response to recent comments on the producer price of cocoa by Citizens Watch, a think tank, […]
Closure of three Banks: Salaries of 1,975 public servants withheld-directed to open fresh accounts
Public servants who have been affected by the closure of three banks recently, have been advised by the Controller and Accountant General’s Department (CAGD) to open fresh accounts with banks of their choice so they can receive their salaries. It is estimated that 1,975 public servants on the government payroll accessed their salaries through the […]