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TWN presses Goldfields to publish investment plan

Coordinator of the Third World Network Dr. Yao Graham

The Third World Network (TWN) is challenging mining firm Goldfields Ghana Limited to publicly disclose fully its investments plan for the new development agreement it secured from government. According to TWN, development agreements are for future investment of not less than 500 million dollars which should be justified with a business plan. The call comes after Third World Network described ...

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New controller and accountant general appointed


A former Deputy controller and Accountant General, Seidu Kotomah  has been appointed as the new Controller and Accountant General. Prior to his appointment he was the Deputy Controller and Accountant General in charge of Financial Management Service. His appointment follows the exit of the former controller, Grace Francisca Adzrone, whose is due for retirement. Seidu Kotomah a chartered accountant, was employed by the ...

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Ghana begins ‘non-deal road show’

Finance Minister, Mr. Seth Terkper

Ghana is to meet investors to showcase the country’s growing economic prospects this week as it prepares to likely launch its next Eurobond. The meeting which will have the Finance Minister leading the delegation is a non – deal road show. Parliament has given government the nod to raise more funds in the form of bonds on the international market ...

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Government to overspend in 2016 – Economist

President John Mahama

Economist, Professor Godfred Bokpin has told Citi Business News that Ghana faces a threat of overspending its budget this year. According to him, factors leading to overspending in election years are still persisting which will make it difficult for the government to stay within its budget. Most analysts have expressed caution at government overspending during election years. The IMF has ...

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VRA has not cancelled debt of mining companies—CEO


The Volta River Authority (VRA) has assured that it is working to collect all monies owed the authority and has not cancelled any debt owed by mining companies. In a recent publication, the Public Interest and Accountability Committee (PIAC) revealed that the Ghana National Gas Company (GNGC) is indebted to the Ghana National Petroleum Corporation (GNPC) to the tune of ...

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Rescue haulage drivers from ill-treatment in Burkina – Importers

cocoa export_0

The Executive Secretary of the Importers and Exporters Association of Ghana, Sampson Asaki Awingobit has called on government to intervene in the maltreatment of Ghanaian haulage drivers by authorities at the Burkina Faso borders. This follows complains made by Ghana haulage drivers about the bad treatment meted out to them by their neighbouring counterparts in Burkinabe. Speaking to Citi News, ...

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GRA to meet Importers and Exporters Association over grievances


The customs division of the Ghana Revenue Authority says plans are underway to meet and address issues concerning importers and exporters with regards to the Gate- in, Gate- out system. This follows complains made by the Importers and Exporters Association of Ghana. Importers and exporters last week pleaded with government to review the Gate-In and Gate-Out system implemented by customs ...

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GIPC to partner Oxford Business Group on TEN oil field publication


Oxford Business Group (OBG) is set to partner with the Ghana Investment Promotion Center (GIPC) to commence a publication on Ghana’s offshore oil field, Tweneboa, Enyenra and Ntomme (TEN). The Report, Ghana 2017 will chart the progress of the $5bn TEN project, which is targeting 80,000 barrels per day (bpd) once operational, rising to 100,000 bpd in 2017. The publication ...

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Tax negotiations: Govt & businesses fail to reach agreement


The concerns raised by the Joint Private Sector Business Consultative forum over high taxes may take a while longer to be addressed. This follows the inability of the committee set up to look into the issues and submit a report to the Finance Ministry, to meet the March ending deadline. The group’s last meeting with government led to the creation ...

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Trade ministry & GCNET to award good performing MDAs

Trade and Industry Ministry, Dr Spio Gabrah

The Ministry of Trade and Industry in collaboration with the Ghana Community Network Services Limited (GCNET), has launched a trade facilitation Awards scheme. The move is aimed at promoting and enhancing global trade expedition as well as encourage public workers to render efficient services in their field of work. The Awards Scheme which is set to commence on the 16th ...

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Ghana Business News