Category: Business
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Sanction companies not complying with terms of Petroleum Agreements — ACEP
The Africa Center for Energy Policy (ACEP) has urged government to immediately review all existing Petroleum Contracts and their deliverables to ensure that companies who are not complying with their contracts are sanctioned appropriately. According to ACEP, of the 15 active Petroleum Agreements (beyond the producing fields of Jubilee, TEN and Sankofa), only two companies…
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Ensure fairness in awarding oil blocks – ACEP
Exactly one week to the May 21st deadline for the submission of bids, given to some 14 companies that applied to explore oil blocks put on offer by the government last year, the Africa Center for Energy Policy (ACEP) has called for fairness in the awarding of the oil blocks up for grabs. President Akufo-Addo…
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Tullow holds career fair at Offshore Technology Conference to attract more Ghanaian oil and gas professionals
Tullow Ghana Ltd has engaged some Ghanaian Oil and Gas professionals based in the US at a career fair in Houston, Texas as part of its recruitment drive and strategy. The career fair is a second in the series organized on the sidelines of the just ended Offshore Technology Conference in Houston, Texas. This is…
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AU delegation in town to assess Ghana’s bid to host African Continental Free Trade Area HQ
A 10-man delegation from the Africa Union (AU) is in the country to assess Ghana’s preparedness and facilities to successfully host the African Continental Free Trade Area Secretariat in Accra. The delegation, led by Ambassador Rosette Nyirinkindi Katungye, AU Advisor on Regional Integration, will spend the next seven days meeting government officials and inspecting facilities…
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ACEP demands immediate review of 13 petroleum agreements
The Africa Center for Energy Policy (ACEP) has urged government to, as a matter of urgency, review all existing Petroleum Contracts and their deliverables to ensure that companies who are not complying with their contracts are sanctioned appropriately. According to ACEP, out of the 15 active Petroleum Agreements, beyond the producing fields of Jubilee, TEN…
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Ghana becomes Africa’s top gold producer
Ghana has become the largest gold producer in Africa, toppling South Africa in a recent data released by the World Bank. The data copied to the Ghana News Agency said Ghana exported 158 tonnes of gold in 2018, about 15% increase over the previous year. Ghana has thus dethroned South Africa, which produced 139.3 tonnes…
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MTN to pay about GHS370 million in dividends to shareholders
Shareholders of MTN Ghana are to receive three pesewas per share in dividends from the telecom company. The decision was taken by the directors of the company upon the publication of its financial statement for 2018. However, the stock price of MTN has witnessed a drop of 6.67 percent, for the eight months of trading…
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Support Bank of Ghana to clean financial sector — CAL Bank MD
The Managing Director of CAL Bank Limited, Frank Adu Jnr, has urged stakeholders in the financial sector to support the Bank of Ghana as it cleans the sector. The Bank of Ghana, last week sent out a notice, strongly indicating that it will punish persons, companies or institutions dealing in the foreign exchange business without…
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Gov’t reviewing tax exemption policy to generate more revenue—Finance Minister
Government has begun a review of tax exemptions for companies operating in the country. Finance Minister, Ken Ofori Atta who disclosed this said some of the exemptions granted companies may not be relevant. The review follows concerns raised by a section of the public over waivers issued to multinational companies The Trade Ministry recently announced…
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Infinix launches new S4 series
Transsion Technologies Limited, manufacturers of Infinix phones, has introduced the new Infinix S4 – the latest of the S series – onto the Ghanaian market. In a grand event, dubbed “Empower the Infinity in You” held in Accra, the launch saw key stakeholders and Infinix enthusiasts attend. Commenting on the benefits of the new products,…