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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

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

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

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

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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    GHASALC laments drop on number of digital transactions following e-levy

    Italy’s top producers of agro-tech products explore opportunities in Ghana

    Gov’t to commence talks with IMF for bailout

    Financing agric sector alone not enough to grow it – GIRSAL CEO

    We’re not charging E-levy on merchant accounts – GRA

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

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

    Enterprise Group PLC records 37% rise in revenue in 2021

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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

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

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

  • TECHNOLOGY

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

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    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

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

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

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Beijing Everyway threatens lawsuit over Accra intelligent traffic management contract

byMichael Ogbodu
November 9, 2020
in News, Top Stories
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Management of the Beijing Everyway Traffic and Lighting Technology Company Limited, the entity previously contracted to implement the Accra intelligent traffic management project has hinted that it will file a suit against the Government of Ghana in the London court of international arbitration

The company was contracted in 2018 to implement the project worth 100 million dollars after Parliament’s approval.

The implementation agency for the project was the Ministry of Roads and Highways.

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But on Friday the Bill was re-laid before Parliament but this time with a contract agreement which is between the Government of Ghana, represented by the Ministry of National Security, Huawei Technologies Company Limited and the China National Import and Export Corporation.

The Bill was passed on Saturday under a certificate of urgency.

Management of Beijing issues statement

Beijing Everyway in a statement indicated that it passed due diligence by all relevant authorities such as the Ministry of Roads, Ghana Embassy in China, China Development Bank, and various Chinese government agencies.

The company added that it was given the clearance to commence the project by both the Ministry of Finance and the Ministry of Roads in 2019.

Based on that the Beijing Everyway said it had submitted a 10 million dollars of Performance Security to the Ministry and shipped over 50 containers of goods to Ghana for the implementation of the project.

Beijing Everyway revealed that it has since been on-site for the civil works and installation.

This the company said led to the Ministry of Road and Highways certifying a 17 million dollars payment certificate for it.

Sector ministry begins executing traffic management project

Earlier this year, the Ministry of Roads and Highways began the implementation of the Accra Areawide Traffic Intelligent System to help reduce traffic congestion in the capital city.

The system relies on a coordinated traffic signal system with digitised traffic lights and a centralised control centre where all traffic signals will be monitored and controlled to improve traffic flow, trip reliability and road safety.

This means that all traffic lights across the city, including the newly deployed ones with artificial intelligence capabilities, will be managed from a Traffic Management Centre, where traffic on vital corridors and intersections in the city will be examined.

The Minister of Roads and Highways, Mr Kwesi Amoako-Atta, inaugurated two of the areawide traffic intelligent systems in Accra on February 2020.

They were the Kanda Highway/Castle Road and the Starlet 91/Nationalism Park (close to the Accra Stadium) traffic lights. Mr Amoako-Atta said the project was being implemented in two phases.

He said the first phase, which includes the operationalisation of 44 signalised intersections on the Amasaman/central business district of Accra corridor and the construction of the Traffic Management Centre, was completed in July 2019.

The second phase would include the completion of 253 signalised and non-signalised intersections within the city, he added.

However, Management of Beijing Everyway say this move by government will gravely affect international investor confidence in Ghana and it will seek redress in court.

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