Author: Nerteley Nettey
-
Newly inaugurated GSA Board charged to develop new policies to deal with challenges within the sector
The Minister for Transport, Kwaku Ofori Asiamah, has tasked the newly inaugurated 14 member board of the Ghana Shippers Authority to streamline laws within the business community and deal with the high arbitrary charges within the shipping industry. According to him, this will help strategically position the Authority and contribute meaningfully to the country’s GDP…
-
Augment government’s efforts to sanitize small scale mining sector – Minister to new Minerals Commission Board
Lands and Natural Resources Minister, Samuel Abdulai Jinapor has charged the newly inaugurated board of the Mineral Commission to put in place policies that will augment government’s efforts to sanitize the small scale mining sector. Small-scale mining plays a vital role in Ghana’s extractive industry. The Minerals Commission, the country’s mining regulator’s report indicates that…
-
Government supports GNPC’s decision to acquire stakes in Aker Energy, AGM Petroleum deal – NAPO
Government says it fully backs the decision by the Ghana National Petroleum Corporation, GNPC, to acquire stakes in Aker Energy and AGM Petroleum Ghana Limited. This is according to the Energy Minister, Dr. Mathew Opoku Prempeh. The 1.65 billion loan billion dollar deal has been met with stiff opposition from civil society organizations who say…
-
Ghana records $874 million of inbound investments in first half of 2021
Latest Data from Ghana Investment Promotion Centre, GIPC, indicates that the country recorded $874m in investments in the first half of this year from 122 projects. Of the total investments, the Foreign Direct Investment (FDI) component amounted to $829.29 million, while the local component accounted for $44.72 million. This is an increase 32.15% over the…
-
Freddie Blay maintained as Board Chair of GNPC
The President, Nana Akufo-Addo, has re-appointed Freddie Blay as the Board Chair of the newly re-constituted seven-member board of the Ghana National Petroleum Corporation, (GNPC). Freddie Blay who has served as Board Chair for the past four years will continue in the same capacity. Mr. Blay is expected to support the management of GNPC, led…
-
South African Airways to resume scheduled flights in September
South African Airways has announced that it will from 23 September resume scheduled flights to Accra and some parts of Africa. This comes after the national carrier was forced to stop flying commercial in 2020 due to its worsening financial situations amid heightened travel restrictions in the country due to the COVID-19 pandemic. Earlier in…
-
Stakeholders charged to embrace digitization to stay relevant within AfCFTA
In a world where technology seems to be pervading every facet of life, businesses that refuse to incorporate digitalization in their business models will create a gap with dire consequences for their survivability with the AFCFTA. This is according to the Minister for Communications and Digitalization, Ursula Owusu-Ekuful. In a speech read on her behalf…
-
COPEC blames recent fuel price hikes on cedi depreciation
The Chamber of Petroleum Consumers says the current increase in fuel prices is largely due to the recent depreciation of the Ghana Cedi. Fuel prices at the pumps of major oil marketing companies shot up from about GH¢6.28 to GH¢6.35 over the weekend, an increase that many consumers have expressed concern over. In an interview…
-
Prof. Eric Osei Assibey, Angela Kyerematen-Jimoh join new BoG Board
President Akufo-Addo has sworn in Senior Lecturer at the Department of Economics of the University of Ghana, Professor Eric Osei Assibey and Executive Director/Regional Head for IBM North, East and West Africa, Angela Kyerematen-Jimoh, as new members of the reconstituted Governing Board of the Bank of Ghana (BoG). The swearing-in ceremony was held at the…
-
Pay our locked-up cash within one month – Customers of defunct GCFM
The Coalition of aggrieved customers of Gold Coast Fund Management has issued a one-month ultimatum to government to pay their locked-up funds or face their wrath. According to them, government has unjustifiably delayed their payment after their funds were locked up three years ago. Addressing the media in Accra, the spokesperson of the group, Charles…