Category: Government
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Incoming TOR MD must be given clear KPIs to ensure success – COPEC
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah has charged the Ministry of Energy to outline Key Performance Indicators for the next Managing Director to be appointed to steer the affairs of the struggling Tema Oil Refinery (TOR). The Minister Dr. Mathew Opoku Prempeh on Tuesday, June 15, 2021, inaugurated a…
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ENI, Springfield await further directive from government on unitisation of oil fields
The two key actors in the ongoing ENI-Springfield unitisation saga have laid responsibility for the next line of action in resolving the impasse, at the doorstep of government. Despite agreeing to the need for an early mutually beneficial solution to be arrived at, the two companies still disagree on whether or not there should be…
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PPP takes on BoG Governor over remarks on suit against Dr. Nduom
The Progressive People’s Party (PPP), has taken on the Governor of the Bank of Ghana, Dr. Ernest Addison over some comments he made on the back of a lawsuit brought against the Chief Executive Officer of Groupe Nduom, Dr. Papa Kwesi Nduom by an equity fund and securities investment company based in the United States,…
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Reduce domestic borrowing, to curb banks’ appetite for securities – Government urged
Government has been urged to reduce its demand for funds from the domestic market to help reduce the overreliance of banks on government securities. According to the Governor of the Bank of Ghana, Dr. Ernest Addison, in addition to government’s actions, factors such as the habitual non-payment of loans taken and the slow nature of…
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Ignore conflict of interest claims against Ofori-Atta, Adu Boahen – Finance Ministry
The Ministry of Finance has described as inaccurate and misleading, information circulating in the media, which accuses the Minister of Finance, Ken Ofori-Atta and Minister of State at the Finance Ministry, Charles Adu Boahen of being caught in a conflict of interest situation. The two are accused of having two non-bank financial institutions associated with…
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No new tariffs until our Board is constituted – PURC PRO
The Public Utilities Regulatory Commission (PURC), says until a new Board is constituted for the Commission, any announcement of a tariff adjustment will have to wait. Various players in the power and water supply value chains have been advocating for an upward review in tariffs to cater for their rising operational costs. This has resulted…
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We’ll ensure VW’s investment in Ghana yields results – Akufo-Addo
The President, Nana Akufo-Addo has assured Volkswagen (VW) Ghana of its commitment to the success of the company, along with other automobile companies in the country. The remarks were made when the new Chairman and Managing Director of the Volkswagen Group for Sub-Saharan Africa, Dr. Robert Cisek, paid a courtesy call on the President at…
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Enforce anti-money laundering laws to keep Ghana off EU blacklist – E-Crime Bureau
Cybersecurity firm, e-Crime Bureau, has called for strict enforcement of all anti-money laundering regulations, to ensure Ghana is not included in future greylists over money laundering and terrorism financing. Ghana was cited back in May 2020, in addition to a number of other countries, by the European Commission over money laundering and terrorism financing concerns.…
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Ghana likely to lose if ENI/Springfield impasse ends up in court – IES
Ghana could be the overall loser if the ongoing impasse between ENI Ghana Exploration and Production Limited, and Springfield Exploration and Production Limited, which has led to a delay in the unitization of their Afina and Sankofa oil fields, end up in the International Court of Arbitration. That’s according to the Executive Director of the…
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IES wants new evaluator appointed to look into ENI/Springfield impasse
Government is being urged to without delay, introduce a new evaluator to look into the ongoing impasse between ENI Ghana Exploration and Production Limited, and Springfield Exploration and Production Limited, which has led to a delay in the unitization of their Afina and Sankofa oil fields. The directive to unify the two oilfields was given…