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Spio-Garbrah persuades Ghanaians over Made in Ghana campaign

made in Ghana campaign

The Minister of Trade and Industry, Dr. Ekow Spio-Garbrah says persuasion and appeal to the national pride, will culminate in achieving the objectives of the made in Ghana campaign. Though the Minister admits the 23 priority products will face competition from imported ones, he is confident an appeal to Ghanaians will increase patronage. “All the products that we have will ...

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Gov’t interference in DKM acceptable – World Bank Executive

dkm

The Global Lead for Credit Infrastructure at the World Bank, Mahesh Uttamchandani has described as acceptable , government’s intervention  in the DKM microfinance scam to help customers get back their investments. According to him, unlike corporate private entities, an insolvency involving financial institutions like DKM, have larger societal impact which have dire economic implications. “A regime for insolvency for financial ...

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African countries must improve domestic rice production- Kufuor

President And Mrs. Bush Hold State Dinner For President Of Ghana

Former President John Agyekum Kufuor has reiterated the need for African countries to implement the right policy to produce and export quality rice to save cost. He urged African leaders to take up the responsibility to produce enough local rice to feed the locals. According to him, the joint responsibility of African countries to take up this course will ensure ...

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Galamsey’s impact on Komenda Sugar Factory untenable – MP

Dr. Ato Arthur

The Member of Parliament(MP) for Komenda Edina Eguafo Abirem (KEEA), Dr. Ato Arthur, has shot down assertions that galamsey activities should be blamed for challenges at the Komenda Sugar factory. It follows comments by Trade and Industry Minister, Dr. Ekwow Spio Garbrah that the illegal mining activities have affected sugarcane cultivation and subsequent supplies to the factory. Though Dr. Arthur ...

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The debtor must live to pay his debt- Petroleum Minister tells WAPCo

Emmanuel Armah Kofi Buah

The Minister of Petroleum, Emmanuel Armah-Kofi Buah has lashed out at the West African Gas Pipeline Company (WAPCo) for disconnecting gas supply to Ghana over the country’s debt to the company. According to him, the company’s decision is not economically viable since the Volta River Authority (VRA) will need the gas to operate before it can pay the debt. The ...

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We’ll take drastic action against Ghana- WAPCo warns

wapco

The West African Gas Pipeline Company (WAPCo) has warned that it will take drastic action against the government of Ghana if it fails to pay debt owed the company by close of year 2016. According to the company, government’s outstanding balance of 162 million dollars of which 98 million dollars is owed to WAPCo, and the remaining owed to N-Gas, ...

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Rice import costs Ghana US$500m annually

rice import

Ghana is said to lose over 500million dollars every year through the importation of foreign rice. This action has posed serious challenges to local rice production, making  it uncompetitive in the local markets. This was revealed by the Director of Finance and Administration at the John Agyekum Kufuor Foundation, Victor Kufuor at the launch of the Africa Rice Advocacy Platform ...

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Illegal miners exit AngloGold’s Obuasi mine by Monday

Illegal mining in Ghana

Illegal miners occupying AngloGold Ashanti’s Obuasi concession have up to next week Monday (October 10, 2016), to leave the area or forfeit any benefits from government. This is the directive from the Minerals Commission. According to the Commission, a new place has been prepared for the illegal miners as it cannot guarantee their safety at the mine. “The time has ...

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Lawyer urges legal action against THC defaulters

PORT

Maritime Lawyer, Stanley Ahorlu has urged Business Associations who are being levied Terminal Handling Charges (THC) at the ports, to hit the courts to settle the matter. The move he says must be made if the Ghana Shippers’ Authority refuses to take legal action on the matter. According to him, some shipping lines have disregarded the law by implementing the ...

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FDIs to Ghana risk decline due to insolvency regime

President of the Ghana Association of Restructuring and Insolvency Advisors (GARIA), Felix Addo

The Ghana Association of Restructuring and Insolvency Advisors (GARIA) has cautioned of alarming consequences on Foreign Direct Investments (FDIs) to Ghana, if efforts are not intensified to develop the country’s insolvency regime. GARIA argues that the current practice where businesses are compelled to shut down over huge debts, downgrades the country’s reputation in attracting investments. “It is important for Ghana ...

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