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Bank Of Ghana

BoG has no capacity to monitor mobile money activities

The government has indicated that, the Bank of Ghana (BoG) has no capacity to properly monitor mobile money activities, hence the decision to bring...
crude oil

Ghana Makes US$4.1 billion from crude oil

Ghana has since the commencement of commercial oil production in 2010, bagged a total US$4.1 billion as its entitlement including royalties and other revenue...
automated business registration system

Businesses applauds Ghana government over Ease of Doing Business

Business magnates and economists have called for applause for the government for improving many of the indicators for measuring ‘Ease of Doing Business Report’...
PIAC Inspection

Oil Projects: PIAC wants shoddy works contractors punished

The Public Interest and Accountability Committee (PIAC) wants contractors who have delivered shoddy works for oil financed projects in the country to be punished....
A conveyor belt and crusher at the one of Anglogold Mine

AngloGold Ashanti forced to give Ghanaian companies contracts

AngloGold Ashanti, the largest mining company in Ghana, has been coerced to award contracts previously meant for foreign companies to Ghanaians outside the remit...
pirated textiles

Ghana lists strategies to stop textile piracy

The government in an effort to stop the influx of pirated textiles on the local market has adopted some strategies to curb the phenomenon...
mining

Ghana to adopt a new formula of calculating mining royalties

A new mining royalty payment formula have been proposed to help the country rake in more revenue from the mining sector. Over the years, dividends...
Bank of Ghana

Banker calls for separations of Supervision Department of BoG

A renowned banker in the country has called for the separation of mandate of the Bank of Ghana to help put the financial industry...
Wpid Port Harcourt Refinery

Alex Mould says Ghana don’t need new oil refineries

The Minister of Energy, Boakye Agyarko has revealed agrandiose plans for four new oil refineries, each with a 150,000b/d capacity recently. According to him,...
The Tema Oil Refinery has been idle for several years

Ghana government is turning TOR into a tank farm

Boakoye Agyarko, the Energy Minister has recently revealed that, the government has plans to turn the beleaguered Tema Oil Refinery (TOR) into a tank...

Alexander Mould questions sales of Hess’s oil block to Aker Energy

Information going round since February this year is that, the Norwegian billionaire Kjell Inge Røkke's Aker Energy has acquired Hess's Ghana operations, which come...
oil rig

Ghana government prepares to allocate new oil blocks

As part of preparedness to deepen transparency in the allocation of oil blocks, the Ministry of Energy has inaugurated a committee to oversee the...
Ghana’s investment market

MTN prepares to launch IPO

Ghana Stock Exchange has approved MTN Ghana’s application to list on the stock market through an Initial Public Offer (IPO) by the end of...
Wpid Goil

GOIL prepares to join upstream oil and gas business

As Ghana’s emergent upstream oil sector records massive participation and investment by international oil and gas companies, the solely Ghanaian owned public listed oil...
capital requirement

Banks recapitalization: players panic over raising needed capital

As the time get closer to the deadline for all the banks to meet the new minimum capital requirement set by Bank of Ghana,...
One-district, One-factory initiative

Government holding on to promise to deliver 1D1F by 2020

The Deputy Trade and Industry Minister Robert Ahomka-Lindsay has said government will ‘move heaven and earth’ to deliver the One District, One Factory (1D1F)...
The-Millennium-Development-Authority-MiDA

Experts not happy with the ECG concession deal

Some energy sector experts are of the view that, Ghana negotiated a bad deal under the Ghana Power Compact that led to the selection...
*Kalabule in Ghana refers to one of the following 1.Organized & premeditated con-artistry. 2. Blatant trickery committed for personal economic gain. 3. The illegal buying and selling of controlled goods. (Urban Dictionary)

Ghana to experience massive upstream oil activities

…. As nine more oil blocks ready for allocation Ghana’s growing upstream oil and gas sector is set to experience massive exploration and production...
the world bank

World Bank and Ghana in Sankofa Gye Nyame gas price dispute

Information reaching Economy Times from Washington reveals that, the World Bank is holding Ghana to ransom demanding that, Ghana accept to adjust downwards the...
capital markets

SMEs and Industries want government fast track process of trade facilitation reforms

Small and Medium Enterprises (SMEs) operating in the country have been admonished adjust their operations to be able to take advantage of the African...
rail

Ghana-Burkina Faso railway project searches for contractors

An international competitive tender for potential contractors to submit their bids for the Ghana and Bu,rkina Faso railway projects. This gives a hope that,...
Association of Ghana Industries (AGI)

Business confidence drops 7.4 points in first quarter 2018

The latest Business Barometer report compiled by the Association of Ghana Industries (AGI) indicates that, business confidence index for the first quarter 2018 has...
mining

Mining companies exploiting Ghana

…as they refuse to pay dividends since 2012 Mining companies in the country is accused of short changing the entire nation for their corporate interest...
Dollars

Release US$5 million stimulus package now – Companies tell government

A beneficiary of the government promised of US$5 million stimulus package to selected local industries, Intravenous infusions limited, a pharmaceutical products manufacturer, has called...
Apple

Promoting ‘green tech’: Apple takes the lead

The fight towards ‘Green world’ seems to be yielding results as advocacy, policy refocusing and attitudinal changes indicate progressive milestone. Consequently, the field of...
tax

Ghana government to introduce new tax policies

The government is set to present to parliament new tax policy measures by July this year. This is to help in effective and efficient...
Oil drilling platform Shengli No.4 is in the midst of shipment at the outer anchorage of a port in Yantai, east China’s Shandong province, Feb. 8, 2018. The Shengli No. 4 and the New Shengli No.1 will be sent to Nigeria for oil exploration services. (Photo by Chu Yang from CFP)

Ghana oil sector: experts disagree over system of blocks contracts awarding

An oil and gas policy think tank, Centre for Natural Resources and Environmental Management (CNREM), has alleged that Ghana lost about US$902.45 million in...
Ghana Beyond Aid

Rising public debt challenges Ghana Beyond Aid agenda

The ever ballooning public debt presents a threat to the achievement of the Ghana Beyond Aid agenda as targeted by President Nana Addo Dankwa...
The annual volume of cargo handled at Ningbo-Zhoushan Port in east China’s Zhejiang province surpassed 1 billion tons on Dec. 27, 2017. The port became the first one in the world to exceed that volume. For nine years in a row it has topped the list of global ports with the largest cargo handling capacity. (Photo from People’s Daily Online)

Ports efficiency improved – GMA

The Ghana Maritime Authority has hinted that there is an improved efficiency at the ports since the coming into force of a Memorandum of...
banks

Banking customers angry at current high interest rates

Businesses in the country have intensified calls on commercial banks to reduce their lending rates to reflect the recent cut in the Bank of...