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Petroleum Ministry develops new regulations on oil & gas sector

oil

The Minister of Petroleum, Emmanuel Armah Kofi Buah has outlined that his outfit is advancing moves for Parliament to pass three new regulations to augment the new Petroleum Exploration and Production Act. Mr. Buah also explains that the three regulations are expected to strengthen operations in Ghana’s oil and gas sector and ensure value for money. The three new regulations ...

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BoG courts investor confidence with fiscal discipline

MILLISON NARH, BOG

The Bank of Ghana has assured investors of its resolve to contain fiscal pressures that may arise as the country prepares for this year’s general elections. According to the central bank, its commitment is to attract investments and propel economic growth. Commenting on the central bank’s resolve, the First Deputy Governor of the Bank of Ghana, Millison Narh also explained ...

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Govt deepens moves to construct pipeline from Takoradi to Tema

Emmanuel Armah Kofi Buah, Former Petroleum Minister

Government has disclosed that it is working hard to construct a dedicated pipeline from Takoradi to Tema to supply gas to the power enclave in the area. The project will be linked with gas production from the Sankofa Gye Nyame field which is estimated to hold 204 million barrels of oil, and 1.1 trillion standard cubic feet of natural gas. ...

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Galamsey not affecting sugarcane supply to Komenda Sugar Factory

komenda sugar factory

The Corporate Affairs Director at the Komenda Sugar Factory Ransford Vani-Amoah has revealed that activities of illegal miners will not affect the supply of raw materials for the Komenda Sugar factory. According to him, the factory has enough supply of sugarcane from different sources apart from the immediate environs of the  factory which has been destroyed by illegal miners. “We ...

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Trade Minister launches Made In Ghana campaign[photos]

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The Minister for Trade and Industry, Dr Ekwow Spio Garbrah has tasked the youth to learn other trades to buttress their educational background. This he says will render them more productive as well as earn them income on the side should they not find job opportunities immediately after school. The minister who was speaking at the launch of the made ...

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Official Liquidator releases list of validated DKM creditors

Bolgatanga DKM

The Official Liquidator has disclosed that payments to creditors of DKM Microfinance are set to commence on Monday, October 17, 2016. A statement released by the Registrar General’s Department and copied to Citi Business News said, “There will be payment of dividends to unsecured creditors of DKM Diamond Microfinance Limited (hereinafter called ‘DKM’) whose claims have been agreed and validated ...

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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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