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PIAC criticizes Finance Minister for breaching petroleum laws

Ken Ofori-Atta - Finance Minister

The Public Interest and Accountability Committee (PIAC) is alarmed at the absence of an Investment Advisory Committee in the management of Ghana’s oil revenue for 2017. According to PIAC, the situation means the Finance Minister, Ken Ofori Atta has breached Section 29 of the Petroleum Revenue Management Act, hence must work to resolve the situation. This is among the findings ...

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Bui CEO urges caution over VRA, Bui merger

Fred Oware Bui

The CEO of the Bui Power Authority, Fred Oware is impressing on government to consider available options in its quest to merge the Volta River Authority (VRA) and the Bui Power Authority (BPA). In his view, the decision could impact Ghana’s power generation efforts if not properly reconsidered. Government is seeking to merge the Volta River Authority (VRA) and the ...

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Second Deputy Governor denies resignation reports

Dr. Johnson Asiama - 2nd Deputy Governor of the Bank of Ghana

The Second Deputy Governor of the Bank of Ghana(BoG) Dr Johnson Asiama has denied reports that he has resigned. Reports this morning stated that, Dr. Asiama had bowed out from the central bank, after serving close to two years of his four year contract. But reacting to the report after Citi Business News contacted him, he said he had not ...

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GSA to deal with fake product sellers during Christmas  

Prof Alex Dodoo

The Director General of the Ghana Standards Authority (GSA), Professor Alex Dodoo has cautioned that the authority will deal sternly with people who sell fake products to the public, especially within the festive season. According to him, the GSA is taking action against people who circulate and sell counterfeit products to the public. Prof. Dodoo was reacting to a video ...

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Left to die: Jewellery industry fades away [Audio]

jewelry 1

The sixth edition of Citi Business News’ series, “Left to die,” focuses on Ghana’s Jewellery industry. The report reveals that although Ghana has abundance of precious minerals that can be used as raw material to manufacture jewellery, local companies are collapsing one after the other. Citi Business News’ Anita Arthur reports that among the numerous factors accounting for this development is ...

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Renewable Energy policy must favour private investors

Renewable-energy

Energy research firm, KITE has cautioned that the current energy regime is not favorable for the private sector to go into renewable energy. According to KITE, although it will be a good initiative to get the private sector on board, it will need the right policies and assistance from government to achieve this aim. “We are developing renewable energy master ...

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Solving housing gap: Lands Commission tackles complex registration

HFC housing 1

The Lands Commission is set to reduce the incidences of landguards’ attacks in the acquisition of land with its new land documentation system. The Ghana Enterprise Lands Information System (GELIS) aims at fast tracking the acquisition of land titles by using electronic platforms. The move is also geared at reducing the turnaround time for land registration to one month from ...

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Trade Ministry launches ‘Made in Ghana’ street fair

Mr. Carlos Ahenkorah - Deputy Trade Minister

As part of measures to promote domestic trade and enhance the demand for local products, the Trade Ministry has launched a “Made in Ghana” street fair. The ministry is optimistic the fair will not only drive Ghanaians to patronize locally made products, but it will also advance and facilitate projects from individuals and the private sector. Government has consistently made clear ...

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GIPC targets increased investments with new online platform

GIPC

Investors seeking to do business in Ghana should be saved the hassle in registering their operations with the Ghana Investment Promotion Centre (GIPC), effective next year. It will follow the creation of a one stop online platform to cater for such processes. The Principal Investment Promotion Officer at the GIPC, Frances Menyikoba Kyiamah disclosed the new plan to Citi Business ...

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Minority in parliament summons Aviation Minister over Starbow accident

Parliament House of Ghana

The Minority Spokesperson on Roads and Transport, Governs Kwame Agbodza has filed an urgent question in parliament to compel the Minister of Aviation to brief the House on a recent accident involving a Starbow aircraft at the Kotoka International Airport(KIA). The plane, which was carrying some passengers to Kumasi skidded off and crashed into a fence at the KIA. Investigations ...

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Ghana Business News