Author: citibusinessnews
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Govt to exchange US$809m in newly announced dollar denominated DDEP
The government has announced a new Domestic Debt Exchange Programme (DDEP) for US dollar denominated bonds targeting to exchange US$ 809 million of the denominated notes and bonds. “The Government of the Republic of Ghana announced today that it is inviting Eligible Holders to exchange approximately USD 809 millions of its U.S denominated domestic notes…
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Presentation of mid-year budget review rescheduled to July 25
The Minister of Finance, Ken Ofori-Atta, is expected to present the Mid-year budget review to Parliament on Tuesday, July 25, 2023. The house had earlier announced that the mid-year budget presentation was slated for July 27. But the Speaker of Parliament, Alban Bagbin wanted the Minister to consider presenting the Mid-year budget review before July…
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Budget review: There’s room for expenditure cuts, we won’t accept tax increases – Minority
The Minority Leader, Dr Cassiel Ato Forson says his side will block any attempts by the government to increase taxes during the mid-year budget review. According to him, the NDC MPs will ensure government reduces its expenditure instead of impoverishing the already suffering Ghanaians. He insisted that there is a massive room for expenditure cuts. “I…
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BoG Governor criticized for delays in filing financial statements
The Deputy Ranking Member on the Finance Committee of Parliament, Isaac Adongo, has strongly criticized the Governor of the Bank of Ghana, Dr. Ernest Addison, for the delay in filing the financial statements of the central bank. According to Adongo, the law mandates the Bank of Ghana to publish its assets and liabilities every 15…
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Heritors Labs Ltd. pushes for actions to strengthen capacity of women in research
Heritors Labs Limited, a Web 3.0 company and research and innovation services hub, has hosted an interactive and experience-sharing session for women in innovation and research. The one-day event dubbed, “Women in Innovation and Research Conclave (WIRC 2023)” was held under the theme, “Breaking Barriers, Empowering Women, and Driving Ownership: Putting Women at the Core…
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Trade Minister satisfied with works at Sentuo Oil Refinery
The Minister of Trade and Industry, KT Hammond has paid a working visit to the Sentuo Oil Refinery Ltd. (SORL), touting the project as a good prospect to see to an end Ghana’s refinery problems. The project which is in accordance with government’s “One District One Factory” (1D1F) development policy, will produce/refine 5 Million tons…
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Challenges that warranted unplanned gas cut resolved – Ghana Gas
The Ghana National Gas Limited Company says issues that warranted an unplanned reduction in natural gas supply to the power generation companies have been resolved. There was widespread power outage in several parts of the country on Friday, July 7. The Ghana Grid Company Ltd (GRIDCO) blamed the outage on a shortage of gas supply…
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Bagbin urges Ofori-Atta to present mid-year budget review before July 27
The Speaker of Parliament, Alban Bagbin wants the Finance Minister, Ken Ofori-Atta to consider presenting the Mid-year budget review before July 27, 2023, as the House intends to adjourn sine die on August 3, 2023. The Majority Leader, Osei Kyei-Mensah-Bonsu had earlier announced that the mid-year budget presentation was scheduled for July 27 with the…
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Energy Commission targets 10% integration of renewable energy into national mix by 2030
The Energy Commission is targeting a 10 percent integration of renewable energy into the national mix by the year 2030. According to the commission, though the adoption of renewable energy was gradually being integrated into households and commercial entities, strategies were being put in place to scale up the integration. Deputy Director in charge of…
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Maxwell Investments & Jospong Group partner to build capacity of procurement professionals
As part of efforts to ensure stakeholders within the procurement and and logistics industry are equipped with the necessary tools to work efficiently, Maxwell Investments Group have collaborated with the African Institute of Sanitation and Waste Management to build the capacity of some businesses within the sector. The move, according to the companies is also…