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Author Archives: Pius Amihere Blay

FPSO shuts down for three weeks

The FPSO Kwame Nkrumah, in Ghana's Jubilee Oil field.

Operators of the FPSO Kwame Nkrumah on the Jubilee oilfields in the Western region, have from today May 28, 2018, shutdown the vessel temporarily. The shutdown, according to the Ghana National Gas Company is to allow for maintenance works on the turret bearing of the vessel. The shutdown is also expected to last for 21 days or three weeks. Per ...

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GRA to bear cost of new cargo tracking from June 1st


Starting this Friday – June 1, 2018, all exporters to Ghana will be required to comply with the Cargo Tracking Notes (CTN) policy before they can be allowed entry into Ghana and subsequent clearing of consignment of goods. The CTN requires that any exporter to Ghana, uploads details of the consignment onto a provided platform to allow the GRA reconcile ...

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Textile workers laud govt for fight against pirated textiles

Textiles people

The Coalition of Textile Workers have told Citi Business News they may not lay off workers as they are optimistic new measures proposed by the Ministry of Trade will solve the challenges facing the local textile industry. The textile workers have on several occasions argued that the Trade Ministry has paid no attention to their fight against illegal pirated textiles ...

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MTN launches IPO next Tuesday


MTN will launch its Initial Public Offering (IPO) next week Tuesday, May 29, 2018. The exercise is to allow the public access to own a part of the telecom company. Following the completion of the process, the public will have access to thirty-five percent ownership in MTN. The decision to allow public ownership, forms part of the requirement for the ...

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Pambros Salt Company to lay off workers due to encroachers


Salt manufacturing company, Pambros, has served a strong notice that it may be forced to lay off about half of its workers should activities of encroachers on its properties go unresolved. The company is thus seeking an intervention from the government to help them deal with issues. The concerns follow a working visit by the Minister for Environment, Science, Technology ...

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Trade Ministry starts tax stamp for textiles on September 1st

Alan Kyerematen - Trade and Industry Minister

Traders of substandard textiles may have to redirect their businesses as the Trade Ministry launches a major clamp down starting September 1st 2018. From September, producers and importers of textiles would have to affix a stamp on their products. This is to avoid seizure by an anti-piracy taskforce put together by the Trade Ministry and the Industrial and Commercial Workers’ Union ...

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Producer Price Inflation increases to 6.4% in April

Mr. Baah Wadieh, Deputy Government Statistician

Ghana’s Producer Price Inflation (PPI) increased to 6.4 percent in April 2018. The Producer Price Inflation measures the average change over time in the general prices received by domestic producers for the production of goods and/or provision of services. Comparing the April figure to that of March, the PPI went up by 2.7 percent. In March, the PPI stood at ...

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Gov’t intervenes; LPG operators call off strike

gas shortage

The LPG Marketers Association has called off its 48-hour strike, following government’s intervention. Members of the Association had embarked on a strike to protest government’s planned implementation of the cylinder re-circulation policy which they say will collapse their business. The Association’s strike caused a lot of discomfort to many consumers across the country, as they were turned away from private ...

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Oil emerges as second largest export earner – BoG report

oil block

Ghana’s oil sector emerged as the second largest contributor to the country’s exports for 2017. The country raised an estimated three billion dollars from the oil resources in 2017. Official figures released by the Bank of Ghana show that the total revenue Ghana raked in from her exports stood at 13.8 billion dollars. A further breakdown shows that gold contributed ...

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Patience Akyianu joins Hollard as Group CEO

Patience Akyianu 1

The Outgoing Managing Director of Barclays Bank, Patience Akyianu has been appointed as the Group Chief Executive of Hollard Ghana Holdings Limited. Her appointment is expected to take effect in October this year – 2018. Madam Akyianu joins Hollard after resigning from Barclays Bank in early May. A statement from Hollard Ghana Holdings to Citi Business News on the appointment ...

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