Category: Government
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Internal Audit boss wants auditors posted to Ghana’s foreign missions
The Director-General of the Internal Audit Agency, Dr. Eric Oduro Osae says the agency is engaging with the government to ensure that internal auditors are posted to Ghana’s missions abroad in a bid to ensure that Ghana does not lose money through her foreign missions. Section 40 of the Foreign Service Accounting Instructions, 2016, requires…
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Akufo-Addo appoints former Ambassador to China Edward Boateng as TOR MD
President Nana Akufo-Addo has appointed Ghana’s former Ambassador to China, Edward Boateng as Managing Director of the Tema Oil Refinery (TOR). Mr. Boateng is expected to spearhead the transformation of the company. Edward Boateng who served as Ambassador from 2017 to 2020, takes office at the Tema Oil Refinery at a time when workers of…
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Government collects GHS28.3 billion in 1st half of 2021; misses target by 13%
Government has missed its half-year revenue target by about 13%. Total Revenue and Grants from January to June this year amounted to GHS 28.3 billion as against a programed amount of GHS 32.4 billion. The government performed better on the expenditure front as it fell short of its programmed amount by about GHS 5 billion,…
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Address poultry feed challenges now – Eric Opoku to government
The Ranking Member on the Food, Agriculture and Cocoa Affairs Committee in Parliament, Eric Opoku, wants government to immediately address challenges poultry farmers are currently facing with regard to access to feed for their chicken. The Greater Accra Poultry Farmers Association (GAFA) earlier this week said Ghana’s poultry industry risks collapse if the government fails…
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Ghana losing out over ENI, Springfield unitisation stalemate – Kwame Jantuah
The Oil and Gas sector Chairman at the Association of Ghana Industries (AGI), Kwame Jantuah says time is running out for the unitisation of the oil fields of both ENI Ghana and Springfield Ghana. The remarks come two weeks after a court presided over by Her Ladyship Justice Mariama Sammo partly agreed with Springfield and…
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High cost of building materials will adversely affect rent – Construction Chamber
The Ghana Chamber of Construction Industry is warning that Ghanaians are likely to struggle to rent and acquire houses in the near future, if nothing is done to halt the unusual rise in the price of building materials. This follows calls made by former Deputy Finance Minister, Kwaku Kwarteng to Parliament, for the house to…
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We’re hoping for survival of Ghana’s new Development Bank – AGI
President of the Association of Ghana Industries (AGI), Dr Yaw Adu Gyamfi has expressed confidence in the sustainability of Ghana’s development bank. According to him, the development bank will serve as a panacea for addressing long term financing challenges experienced by local industries. The Government of Ghana in partnership with the European Investment Bank, and…
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Mixed reactions greet court order for ENI to pay 30% revenue into escrow account
The stalemate between ENI Ghana and Springfield Ghana over the directive by then Energy Minister John Peter Amewu to execute a Unitization and Unit Operating Agreement (UUOA), which some stakeholders say is denying the country of much-needed revenue, saw Springfield dragging ENI to court. Springfield prayed the court for a number of reliefs including an…
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Deal with fuel smuggling, cylinder recirculation and petroleum price hikes – New NPA boss advised
Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII, has urged the newly appointed Chief Executive of the National Petroleum Authority (NPA) Dr. Mustapha Abdul-Hamid, to prioritize resolving issues pertaining to fuel smuggling, cylinder recirculation and the continues rise in fuel prices at the pumps. President Akufo-Addo in a letter dated June…
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ECOWAS postpones implementation date for ‘Eco’ again; moved to 2027
After several postponements, West Africa’s 15-nation bloc- the Economic Community of West African States (ECOWAS), has once again postponed the implementation of its long-time dream of a single currency. The bloc over the weekend announced 2027 as the new date to launch the “Eco.” The Eco was first planned to be introduced in 2003 but…