Author: Lawrence Segbefia
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Producer Price Inflation for April records 7.1 percent
The Producer Price Inflation (PPI) rate for April 2019 has hit 7.1 percent. This shows a monthly change rate of 0.9 percent when compared to March 2019. The PPI measures the average change over time in the prices received by domestic producers for their goods and services. Speaking at a press conference, the Government Statistician…
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WAGP-Ghana Gas pipeline ‘Tie-In’ for ENI’s OCTP Gas: A stitch in time
Until recently, gas from offshore oilfields in the western coast of the country only terminated at the Aboadze thermal power enclave in the Western Region. Aside Ghana Gas having the capacity to deliver 150 million standard cubic feet per day (mmscf/d) for power generation, additional gas from Eni’s Offshore Cape Three Point (OCTP) Integrated Project…
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Govt will engage private sector to drive technological dev’t—Dr. Bawumia
The Vice President, Dr. Mahamudu Bawumia has reiterated that government will engage the private sector to drive the technological needs of the country. This, he said will create competition to enable the private sector deliver at a reasonable cost. Dr. Bawumia was speaking at the Third Africa Leadership Conference organized by the International Advertising Association…
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IACG addresses misconceptions on insurance claims payment
The Insurance Awareness Coordinators Group (IACG) an organization formed by stakeholders in the insurance sector to help address challenges has told Citi Business News there are new ways to report insurance companies that fail to pay claims promptly. The level of insurance penetration in Ghana is very low compared to other subsectors in the financial…
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BoG’s new regulations will help grow local banks—CAL Bank
The Executive Director of CAL Bank, Philip Owiredu has stated that the implementation of new rules by the Bank of Ghana(BoG) will help banks, especially local banks to grow. He maintained that the implementation of the Basel II and III regulations are a step in the right direction that will enhance corporate governance as well…
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Digitization of state agencies improving revenue collection—Dr. Bawumia
The Vice President Dr. Mahamudu Bawumia has announced that the digital initiatives undertaken by the government is beginning to yield results. Dr. Bawumia disclosed that some state institutions that were migrated to digital platforms are recording improvements in revenue collection. The Ports, Lands Commission, Ministry of Tourism and the Passport Office are a few state…
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Petroleum Commission Tours Trendsetters Engineering
Ahead of the Ghana day at the ongoing Offshore Technology Conference, the Petroleum Commission delegation led by its Board Chairman and CEO toured the Engineering workshop and premises of Trendsetter Engineering to familiarise themselves with the operations of the company. Vice President of Projects at Trendsetters, Tony Matson showed the team round their Subsea Distribution…
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Access Bank crowned Bank of Year at Women’s Choice Awards
Access Bank Ghana has emerged “Bank of the Year” at the maiden edition of the Women’s Choice Award Africa, held at the Swiss Spirit Alisa Hotel, Accra on Saturday, May 4, beating competition from Stanbic Bank, UBA, Ecobank, Societe Generale and the Women’s World Bank Ghana. The Bank of the Year award is in recognition…
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Government Committed to Attract more Investors into Upstream Petroleum Sector
Global Industry Leaders, Captains of Industry and Stakeholders who converged at the NRG Center in Houston Texas have engaged in high level discussion on Ghana’s Petroleum Sector. They made a case on policy, regulation, local content and local participation at the Ghana day event which formed the highlight of the 2019 Offshore Technology Conference. Making…
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Oil & Gas SME networking session ends successfully
Ghanaians in the diaspora have been encouraged to come to Ghana to explore the numerous business opportunities the upstream petroleum industry presents. Speaking at the Oil and Gas SME Networking Session organized by the Ghana Houston Business Chamber during a panel discussion, Chief Executive Officer of Petroleum Commission, Mr. Egbert Faibille Jnr. said although the…