Category: Business
-
ENI secures oil fields with Italian vessel
One of the major oil producing fields, ENI, has undertaken processes to fortify its operations in the oil and gas sector. It follows the arrival of Italian ship;Luigi de la Penn in Ghana on Thursday, August 30th 2018. The presence of the ship here in Ghana will not only see increased trade relations between Ghana…
-
GRA yields to pressure; backs down on CTN
The Ghana Revenue Authority (GRA) has clarified that it will soon meet with the business associations to have further consultation and sensitize them on the implementation of the Cargo Tracking Note (CTN) system. According to the Customs division of the GRA, the engagement is necessary to clear all doubts harboured by the business associations over the CTN policy.…
-
ESLA bond raises GH¢5.66 billion
Managers of ESLA PLC has announced that they have been able to raise about 265 million cedis as part of the energy bond to save the energy sector. This was carried out under the ten year auction bid of the bond; which spans from 2017 to 2027. According to the managers of ESLA PLC, the…
-
Economist blames poor data for high redundancy over bank collapse
Economist Prof. William Baah Boateng has attributed the many challenges and developments in the banking industry to what he describes as the lack of reliable data to monitor activities in that sector. The lack of reliable data in his view, is a major hindrance in arriving at proper decisions to address the impact of the…
-
Fuel prices to remain stable in September
Prices of fuel are expected to remain relatively stable for the first pricing window in September. This means that for the first two weeks of September, consumers should be paying almost the same amount for fuel they purchase. The Institute of Energy Security (IES) who predicted this tells Citi Business News the stability could be attributed to…
-
Auto plaza launches 2019 all-new Hyundai Santa Fe
Auto plaza limited which is the authorized partner of Hyundai Vehicles, has launched its 2019 all new Hyundai Santa Fe in Accra. The car comes in two new editions which are Deluxe edition which is selling at $ 49,000 and the Limited edition which is selling at $45,000. According to the company, Ghana is one…
-
adb gets new Board of Directors
A new Board of Directors has been inaugurated for adb. The number of directors had dropped following the annulment of four institutional shareholders in the bank by the Bank of Ghana, last month. The four companies are; Starmount Company Limited, EDC investment, SIC Financial Services as well as Belstar Company limited. According to the central…
-
![Petroleum Commission, 40 companies participate in ONS 2018[photos]](https://citibusinessnews.com/wp-content/uploads/2018/08/WhatsApp-Image-2018-08-27-at-12.39.04-PM-2-1.jpeg)
Petroleum Commission, 40 companies participate in ONS 2018[photos]
The Petroleum Commission is currently leading 4o companies to participate in the Offshore North Sea Conference in Stavanger Norway. The companies are made up of firms in the petroleum upstream sector. The delegation is made of the acting CEO of the Petroleum Commission, Egbert Faibille, and Deputy Minister for Energy, Joseph Cudjoe. – By: Lawrence…
-
Norwegian Petroleum Directorate lauds Ghana’s petroleum policies
The Norwegian Petroleum Directorate (NPD) has lauded key stakeholders in Ghana’s oil and gas sector for formulating policies aimed at enhancing efficiency in the upstream sector. According to the directorate, Ghana has so far achieved substantial gains from the passage and implementation of relevant laws in the oil and gas industry. “Now that all the…
-
Cancel non functional oil blocks – ACEP to government
The Africa Center for Energy Policy (ACEP) has called for a review of contracts that are given to companies that are mandated to drill oil in the country. According to the Executive Director of ACEP, Benjamin Boakye, such a move is necessary as most companies that have signed contracts with Ghana after its oil discovery…