Author: Ellen Dapaah
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Dangote Refinery 88% complete – Corporate Strategy Officer
Ghana, together with other West African countries, will soon cut down the importation of petroleum products, with the imminent completion of the 650,000 barrels-per-day (bpd) Dangote Refinery at Ibeju-Lekki area of Lagos, Nigeria. The Group Chief Corporate Strategy Officer for the Dangote group, Aliyu Suleiman, announced this at a virtual conference hosted by the Ghana…
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#CitiBusinessFestival: Participants laud Ghana’s progress in building a cashless economy
Participants of the first Citi Business Festival virtual forum on have acknowledged the country’s efforts towards building a cashless society. Sharing their experiences at the forum which aired on Citi TV via zoom, they shared spoke of the successes chalked so far, as well as the challenges that need to be surmounted to ensure that…
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Value of MoMo transactions rises by over 150% between April 2020 and April 2021
The value of mobile money transactions has more than doubled in the last twelve months, according to the Bank of Ghana. The total amount increased by over 150 percent from April 2020 to April 2021. On a monthly basis, the value of transactions from March to April this year, saw a minimal increase of about…
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Economist urges government to secure concessionary loans to reduce debt
Economist, Dr. Lord Mensah is urging the government to go in for concessionary loans instead of commercial loans from the Eurobond market. This comes after plans by government to raise as much as US$1 billion through the sale of sustainable bonds by July this year. According to the Minister of State at the Ministry of…
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Government spent over GHS65 billion to achieve SDG targets via MDAs in 2019, 2020
Over GHS65 billion was spent by the government on working to achieve the Sustainable Development Goals (SDGs) through the Ministries, Departments and Agencies (MDAs) in 2019 and 2020. This is according to the Finance Ministry’s SDGs 2020 report. “Total spending on the SDGs by the government through MDAs came to GHS31,448,312,790 in 2019 and GHS35,774,648,335…
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Road construction: Lower cost by refining bitumen-rich crude in Ghana – GOIL Executive
The Head of Technical Services at oil marketing company, GOIL, Alphonso Okai Jnr, has blamed the high cost of bitumen used for road projects on the kind of crude imported into the country. According to him, Ghana lacks the facilities needed to refine crude into bitumen, hence the high cost of the product. “What happens…
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GIPC confident of achieving $3 billion FDI target for 2021
The Ghana Investment Promotion Centre (GIPC) is intensifying efforts to achieve its set target of US$3 billion worth of foreign direct investments for this year. According to the GIPC’s CEO, Yofi Grant, this will be done through partnerships with the country’s private sector. Ghana was ranked third in the whole of Africa with an FDI…
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ADB Managing Director inducted into Chief Executives Network Hall of Fame
The Managing Director of the Agricultural Development Bank (ADB), Dr. John Kofi Mensah, has been inducted into the Chief Executives Network Hall of Fame at the just-ended 5th Ghana CEOs’ Network Summit held in Accra. The induction into the Hall of Fame is in recognition of Dr. Kofi Mensah’s significant contribution to the Ghanaian banking…
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Stakeholders in mining sector advocate for patronage of local electrical cables
Stakeholders in the mining sector, as part of efforts to push for more local content in production, are advocating for the use of locally-made electrical cables in the industry. It is for this reason that a set of new standards has been launched for the use of electrical cables in the mining industry. The Chief…
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Air traffic in Ghana is beginning to pick up – Yofi Grant
Air traffic in the post COVID-19 era in Ghana has started picking up gradually. That’s according to the Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre, Yofi Grant. The volume of air traffic and its attendant effects on foreign direct investments and international commercial activity is expected to boost the Ghanaian economy. This…