Petroleum Min. lauds GOIL over strategic role in downstream sector


Ghana Oil Company limited, GOIL, has launched its Rights Issue with a commendation from the Petroleum Minister, Armah Kofi Buah for its strategic role in the Oil industry. GOIL is raising 155 million Ghana Cedis through a Renounceable Rights Issue which begins today May 3, 2016 and expected to end …

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Sim Box fraud task force saves Ghana $77m


Arrested Sim Box fraudsters Ghana would have lost $77 million in revenue from 2014 till date if the activities of SIM BOX fraudsters were not curtailed by a special task force set up to combat the menace. The task force, which is a collaborative effort between the Criminal Investigations Department …

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Emirates named Best Airline – Foreign Company of the Year


Emirates’ reputation, vision and innovation were recognised last Friday with a prestigious accolade at the Business Executive Excellence awards held in Accra. Selected by a committee of experienced entrepreneurs, economists, accomplished corporate strategists and seasoned journalists, Emirates was named the ‘Best Airline – Foreign Company of the Year’ in Ghana. …

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I’ll ban pair-trawling – Akufo-Addo


Nana Akufo-Addo The 2016 presidential candidate of the New Patriotic Party, Nana Addo Dankwa Akufo-Addo, has assured the fishing community across the coastal belt of the country that his government will ban the practice of pair-trawling in Ghana’s territorial waters. The practice, which has depleted Ghana’s marine stocks, according to …

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Ghanaians among Dubai’s top property buyers


More wealthy Ghanaians are investing in Dubai property, encouraging a growing number of property companies from Dubai who are using Ghana as their destination to target buyers across West Africa, especially Nigeria. Glamourous and sales girls are always seen in airport terminals and hotel lobbies in Accra, Tema, Kumasi and …

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HSBC first-quarter profit falls 14%


Banking giant HSBC has reported a 14% drop in profits for the first quarter following “extreme levels of volatility” in financial markets at the start of the year. Profit before tax came in at $6.1bn (£4.17bn) for the three months to March, down from $7.1bn a year ago. However, analysts …

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“Mahama has collapsed fishing industry” – C/R fishermen


Nana Addo interacting with the fishermen Fishermen from the Central region are furious about the collapse of the fishing industry in the region brought about by worsening economic conditions, rising cost of living, and the blatant flouting of fishing laws in the country under the watch of the President Mahama …

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TTIP trade deal: Germans rally in Hannover against US-EU talks


Protesters are angry over the secrecy of the ongoing TTIP negotiations Thousands of people are protesting in the German city of Hannover against a proposed Transatlantic Trade and Investment Partnership (TTIP) deal. They say the deal would drive down wages, and weaken environmental protection and labour rights. US President Barack …

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Toyota Ghana outdoors new IMV Hilux


The new Toyota IMV Hilux Toyota Ghana has launched the new generation Hilux in Accra. The 2016 model of the Hilux, which has been one of the highest selling models of the brand, offers users a new era of driving with respect to the pick-up truck. Toyota Hilux with its …

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Busy ‘Lucky Dip’ winners rewarded with Mifis


Lordina Oforiwaa Ofori got a Mifi too Two lucky exhibitors at the just ended Ghana Oil, Gas and Power Summit emerged winners of Busy’s Lucky Dip Promo. They are Badari Narayan, the offshore project manager at MENERGY and Lordina Oforiwaa Ofori, who is the Internal Sales Rep and Administrator at …

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