Category: Featured
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Torentco deal best option to revive TOR – Management
The management of the Tema Oil Refinery (TOR) has declared the Torentco deal as the best option to revitalize the refinery and ensure its long-term sustainability. TOR, a crucial entity in Ghana’s energy sector, has faced significant challenges in recent years, including operational inefficiencies, financial constraints, and the need for infrastructure upgrades. Recognizing the urgency…
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Govt to engage IPPs next week over unpaid arrears
The government and the Independent Power Producers (IPPs) are set to have a meeting regarding the outstanding debts owed the producers. This meeting comes in response to a letter from the IPPs to the government, in which they threatened to suspend power supply starting from July 1, 2023, if an interim payment of 30% of…
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Leasing TOR to Torentco bad deal – COPEC cautions
Stakeholders within the oil and energy sector are raising red flags over the government’s proposal to lease the Tema Oil Refinery (TOR) to Torentco Asset Management (TAM). The Executive Secretary of the Chamber of Petroleum Consumers (COPEC) Duncan Amoah is questioning the capacity of the new entity to take over a huge company such as…
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Importers and Exporters Association joins calls for scrapping of taxes on sanitary pads
The Importers and Exporters Association of Ghana has joined calls for the government to scrap taxes on imported sanitary pads to enable purchase by women and adolescent girls in every part of the country. This comes after a group of civil society organisations stormed Parliament House on Thursday, June 22 clad in red, and held…
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African Cocoa Exchange programme can improve Ghana’s cocoa prices – COCOBOD
The Ghana Cocoa Board (COCOBOD) has expressed its commitment to enhancing the livelihoods of cocoa producers by ensuring an improvement in the producer price. This statement was made by the Chief Executive Officer of COCOBOD, Joseph Aidoo, during a stakeholder workshop focused on the feasibility study of an African Cocoa Exchange. COCOBOD has identified the…
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Afreximbank launches Africa Trade Gateway, a single window for digital services
In its quest to deliver on its mandate by providing critical services to support and promote African trade and the implementation of the African Continental Free Trade Agreement (AfCFTA), the African Export-Import Bank (Afreximbank), in collaboration with the AfCFTA has launched the Africa Trade Gateway (ATG), a suite of five digital platforms that have been…
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Pensioner Bondholders continue picketing over unpaid coupons
Members of the Pensioner Bondholders Forum have resumed picketing at the Finance Ministry, intensifying their demand for the payment of six outstanding coupons that remain unpaid. After a temporary two-week suspension of their protest, during which the government fulfilled its promise to settle four principles and matured coupons, the bondholders have reassembled to press for…
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Chamber of Commerce appeals to govt to address tax concerns in mid-year budget review
The Ghana National Chamber of Commerce and Industries (GNCCI) is appealing to government to use the Mid-Year Budget Review to address some of the concerns raised by the business communities with respect taxation. The Chamber maintains that although some of the tax policies being implemented by government are IMF conditionalities, reconsideration will bring some relief…
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IPPs issue reminder to shut down from July 1 over unpaid arrears
The Independent Power Producers (IPPs) have threatened to suspend power supply beginning July 1, 2023 if the government does not give them an interim payment of 30% of their outstanding arrears. The IPPs agreed at an emergency meeting on Tuesday that if they do not receive payment, they will be unable to power the national…
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Telecommunication network AirtelTigo rebrands as AT
AirtelTigo, a leading telecommunication network, has officially changed its brand name to AT, effective Thursday, June 22, 2023. In November 2017, Airtel and Tigo merged and became one company – AirtelTigo. Since that merger, the company has traded under the name AirtelTigo offering various telecommunication services from data to mobile money services and other mobile…