Author: Lawrence Segbefia
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MPS dismisses claims of job losses over port expansion project
Managers of the Tema Port Expansion Project, Meridian Ports Services (MPS), have downplayed suggestions that the project will lead to massive job losses. The managers say when the project is fully completed; it will rather boost the country’s economy through the creation of thousands of direct and indirect jobs. There have been protests by dock…
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Golden Star Resources President visits Ghana
Mr Andrew Wray, President and CEO of Golden Star Resources has visited Ghana. This is his first visit to the Ghana Operations after taking up the helm of affairs at the company on 1st May 2019. In addition to visiting the company’s operations at Wassa and Prestea both in the Western North Region of Ghana,…
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PC led delegation tours Halliburton in Houston
The Chief Executive Officer of the Petroleum Commission, Mr. Egbert Faibille Jnr. has advocated for the training of Engineers at the Commission in Landmark Software. This he believes will enhance the skills of the Commission’s Engineers in the discharge of their duties in the Upstream Petroleum Sector. He was speaking on the sidelines of a…
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Article: Why the monster called “Dumsor” dwells with us Ghanaians—Part 2
The Return of “Dumsor” Aside the country being significantly endowed with natural gas to fuel power plants which are largely dual-fueled, the Volta Lake is also currently recording a decent level of over 77 meters (as at April 12th 2019); compared to the prior year level of 75 meters, and far above its minimum operating…
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Barclays Ghana engages SME clients on running sustainable businesses
Over 250 Small and Medium Enterprises (SMEs) in Ghana have benefited from Barclays Bank’s tailor-made capacity building programme aimed at educating and assisting the SMEs on running sound and sustainable businesses. The Bank recently held its latest SME clinic in Tema where it engaged with importers, exporters, freight forwarders and other small business owners, equipping…
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Revised Petroleum Agreement will be beneficial to Ghana–AGM
Norwegian oil company, AGM has described a revised petroleum agreement it has with Ghana as a good deal that will enable the country benefit from exploration of oil. Parliament last week ratified the revised petroleum agreement for the South Deepwater Tano (SDWT) block which is over 3.5 kilometres below sea level. By the approval, AGM…
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Investigate GHS1.5 million revenue loss — Committee to BOST
The committee set up to investigate the loss of off-specification petroleum products (off-spec) has urged the Bulk Oil Storage and Transportation Company Limited (BOST) to investigate the sale of contaminated fuel between 2014 and 2017 to ensure clean products were not deliberately downgraded as contaminated and sold at a loss to BOST and the Ghana…
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ARP Apex Bank makes financial improvement in 2018
ARB Apex Bank, the ‘mini’ Central Bank of the 144 Rural and Community Banks has announced that the bank recorded improvements in most of the important financial indicators in 2018. The bank disclosed this at its Annual General Meeting organized in Ho in the Volta Region. According to the financial statement of the bank, it…
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Make SSNIT independent to prevent gov’t interference—Economist
Economist Professor Godfred Bokpin is calling for a policy that will limit the powers of government in appointing the head and Board of Directors of the Social Security and National Insurance Trust (SSNIT) to protect pension funds. President Akufo-Addo during the Workers Day celebration announced that the government will issue a 700 million cedis bond…
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100 workers of First Atlantic Bank laid off after merger
About 100 workers of First Atlantic Bank have been laid off after the bank completed its merger processes with Energy Bank, Citi Business News has gathered. The merger of the two banks is said to have led to duplication of roles, leading to the redundancy. Also, a restructuring of the bank’s operations resulted in the…