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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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Shutdown of FPSO Kwame Nkrumah will not cause dumsor

bycitibusinessnews
February 4, 2017
in Government, Oil And Gas, Top Stories
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The Ghana Gas Company has reaffirmed that the shutdown of the FPSO Kwame Nkrumah at the Jubilee Field will not affect power supply.

The FPSO Kwame Nkrumah beginning from today (Friday) ceased operations.

The halt is to run for fifteen days, to allow for an interconnection between the Tweneboa, Enyera, Ntomme (TEN) fields and the Jubilee Field for gas exportation to the Ghana Gas Company.

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The Volta River Authority (VRA), GRIDCO and the Electricity Company of Ghana (ECG) earlier assured that the shutdown will not result in a power crisis as additional power will be generated from the Akosombo and Kpong hydroelectric plants.

Corporate Communications Manager at Ghana Gas, Alfred Ogbamey in an interview with Citi Business News, said power supply will be stable during the period.

“It will not affect it. You have also heard the Energy Minister outline a programme that will ensure that that law will not have a negative impact on the country as a whole. A number of measures have also been put in place.” he said.

He further assured the public that there is no cause for alarm since adequate measures have been put in place to avert a power crisis.

“Of course if any of these measures at any time has a challenge, that challenge will reflect on power availability on the national scale and I think that we do not have cause to worry. Those in charge of the system are making sure that everything is under control. So all things been equal, we should not have any cause to worry, ” he stressed

The  VRA, GRIDCO and the Electricity Company of Ghana(ECG) following the development have  also assured that plans have been put in place to generate additional power from the Akosombo and Kpong hydroelectric plants, to supplement for the 230MW that will be lost from Ameri plant during the exercise.

In addition, the group assured that it will purchase power from Cote d’Ivoire to make up for the supply deficit.

–

By: Jessica Ayorkor Aryee/citibusinessnews.com/Ghana

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