A summary of economic and financial data published by the Bank of Ghana puts the country’s total public debt at GH₵198 billion as at the end of March 2019. This means that GH₵24.8 billion was added to the public debt in the first three months of 2019. While the nominal debt figure continues to rise, […]
Republic Bank Ghana, a subsidiary of Republic Financial Holdings of Trinidad and Tobago, held another successful Caribbean Trade Mission to Ghana. The event was held on May 13 to 15, 2019 in Accra. The trade delegates from Trinidad and Tobago were in Ghana to seek business opportunities and partnerships with local counterparts in the area […]
Mr Samuel Sarpong has been appointed as managing director of the National Investment Bank (NIB). Until his appointment, Mr Sarpong was the Managing Consultant at OrgResilence Consult Limited. Mr Sarpong has a vast and diverse working experience and will be leading the transformation of NIB to reposition it as one of the leading Ghanaian-owned banks […]
Dunkwa-on-Offin, a town located in the upper Denkyira has been earmarked for a major railway destination in the Central Region. The Dunkwa railway hub will host a number of railway facilities like maintenance and repair centres, training centres, locomotive depots, freight operation areas among other modern ancillaries. Mr. Joe Ghartey, the Minister for Railway Development […]
Tullow Oil Plc has appointed Kweku Andoh Awotwi, Managing Director of Tullow Ghana Limited (TGL), to the position of Executive Vice President following a reorganization exercise. The Tullow Ghana’s business, previously under its West Africa’s business, is now a standalone entity under the new Group structure. The company said the move reflects the materiality and […]
The Ministry of Employment and Labour Relations has collaborated with German Centre for Jobs to create employment opportunities for over 1,500 job seekers at a job fair. Job fair is an event in which employers, recruiters, and schools give information to potential employees about the job market. Speaking at the fair, the Deputy Minister of […]
Government has received bids for Ghana’s maiden Oil and Gas Licensing Round in the upstream petroleum industry. Three companies – ENI Vitol, Tullow Ghana and First ENP – submitted competitive bids for Blocks 2 and 3, in addition to 16 companies bidding for direct negotiations with the Ministry of Energy. This is in line with […]
Africa’s largest airline, Ethiopian Airlines, and the government of Ghana have signed a strategic partnership agreement to set up a new national carrier in Accra, Ghana. Ethiopian and the Ghanaian government signed a Memorandum of Understanding (MOU) last December. The proposed airline will be a home based airline that would be established by Ethiopian Airlines in […]
Testing and commissioning of the Ghana Gas-West African Pipeline Company (WAPCo) interconnection project is almost done. This follows a successful completion of engineering and construction works on gas pipelines from Sanzule through to the Takoradi Regulatoring and Metering System (TRMS) of the Volta River Authority at Aboadze. Head of Communication at Ghana National Gas Company […]
The government is set to roll out a cashless system in its operations after a pilot of the programme yielded good results. Vice President Mahamudu Bawumia told patrons at the 4th Ghana CEO Summit Monday that, the electronic payment system at the Tourism Ministry has increased revenue by four-fold. Stating the intent to extend it […]
Some aggrieved customers of Gold Coast Fund Management (GCFM) have petitioned the Economic and Organised Crime Office (EOCO) to investigate the directors of the investment firm. Assuring to offer their full cooperation during the probe, the customers claim their investments have been illegally transferred to Liberia and the US by Dr Papa Kwesi Nduom, the […]
In spite of a challenging operating environment, Ecobank Ghana Limited showed sterling performance in the 2018 financial year, growing profits (before tax) from GH₵358 million in 2017 to GH₵506 million in 2018, representing a 41% increase. Profit after tax rose 34% from GH¢253 million in 2017 to GH¢339 million in 2018. Board Chairman of Ecobank […]
