28 C
Accra,Ghana
Saturday, May 26, 2018
The Energy Minister Boakye Agyarko has rubbished allegations that the Bulk Oil Storage and Transportation Company (BOST) has illegally sold some 1.8million barrels of crude oil. The crude oil was sold to BB Energy Company at a discounted price leading to the loss of GH¢23million in revenue to the...
Tullow has appointed Kweku Awotwi as Managing Director for its Ghana operations effective April 1, 2018. His appointment is coming on the heels of the impending retirement of the current MD Charles Darku. Darku leaves office after March 2018. Awotwi is an experienced international business executive with over 25...
The nation’s leading mortgage provider, Ghana Home Loans has pledged to play a leading role in pioneering the implementation of EDGE certification in the local construction industry. The mortgage specialist intends to use its strong relationships with real estate developers to encourage the use of environmentally friendly methods in the...
The rating agency Moody’s says the 150 basis points policy rate cut by the Bank of Ghana last week is credit positive for the country’s banks. Moody’s says the cut which exceeded market expectations of a 100-basis-point reduction will reduce their bank's asset risks, which will outweigh the loss in profitability...
The Government has intensified its efforts in exploring the possibility of making China a major consumer of cocoa products from Ghana.  In the first quarter of 2017, trade volume between Ghana and China reached nearly US$1.4 billion. But the Ghanaian government is seeking to build new trade links with China through...
Government subsidies in the fishing sector have been identified by fisheries stakeholders as one of the contributing factors to the overcapacity and over-exploitation of fisheries resources. The premix fuel subsidy and tax waivers cost the Government of Ghana $44 million annually while outboard engine subsidy also cost the people of...
Independent oil and gas company, Tullow Ghana Limited, has renewed a 3-year partnership agreement with education and football academy “Right to Dream”. The move is geared towards driving its Science Technology Engineering and Maths (STEM) Initiative. Speaking at a ceremony at New Akrade in the Eastern Region, Social Performance and Public...
The management and board of directors of Kuapa Kokoo Co-operative Cocoa Farmers & Marketing Union Limited (KKFU) and Kuapa Kokoo Limited (KKL), have declared zero tolerance for fraudulent activities in all the areas they operate. They have, in effect, resolved to deploy technological tools as part of the programs...
The Ghana Revenue Authority (GRA) has vowed to seize all uncustomed cars in the country. Since the beginning of the year, 244 of such cars have been seized. Last year, 754 cars were seized across the country. Owners of the cars have 80 days ultimatum to pay the right...
Over 90,643 graduates have so far applied for recruitment under the Nation Builders Corps (NaBCo) initiative launched on May 1, 2018. The ruling New Patriotic Party (NPP) outdoored the NaBCo programme as a major government policy to tackle graduate unemployment in Ghana. According to information from officials managing the...