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    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

    Ghana Mines Workers’ Union threatens industrial action

    Farmerline begins ‘Support a Farmer’ initiative to provide fertilizer to farmers

    Ghana likely to secure US$3 billion from IMF for economic support

    Tax incentive for young entrepreneurs-opportunities and challenges

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    USAID Feed the Future Program provides funding to Agrihouse Foundation’s 1H1G Initiative

    Government disappointed by Standard & Poor’s downgrade rating

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    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

    WAPCo commits to cleaner and reliable energy

    Government eyeing GH¢750m with new E-VAT policy

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    National AfCFTA Policy Framework and Action Plan launched to boost trade

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

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    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

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Energy Ministry to investigate NPA’s lavish spending

bycitibusinessnews
June 21, 2014
in Business, News
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The Ministry of Energy and Petroleum says it will investigate reports that the National Petroleum Authority is paying $63,000 as monthly rent for its offices at East Legon in Accra.

This was contained in a statement signed by the Deputy Head of Communications, at the Ministry.

The Ministry of Energy and Petroleum has agreed with the public concerns on the high cost of the premises recently rented by the National Petroleum Authority (NPA) as offices.

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According to the Minister, Emmanuel Armah-Kofi Buah, ‘’if the NPA ‘s  office was rented at $63,000 per month as has been reported, then that hardly represents prudent use of state resources, no matter how conducive or appropriate the facility is for their operations.’’

‘’The Minister would be demanding from the Board and management of the NPA an explanation for such a decision, especially the consideration that went into a decision that runs at variance with philosophy and preferences of His Excellency the President as far as the use of public funds concerned,’’ Mr. Buah stated.

The public is assured that the Ministry will do everything possible to get to the bottom of this matter.

 

 

Credit: Energy Ministry

 

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