Category: Government
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Agyapa Royalties agreement best deal for Ghana’s mineral resources – Ofori-Atta
Government has shot down suggestions that the Agyapa Royalties Agreement is a rip-off to the nation. Finance Minister, Ken Ofori-Atta, at a press conference on Thursday, denied claims that the government established Agyapa Gold Mineral Royalty Limited to mortgage the country’s ‘future resources’ to enrich the current administration. It will be recalled that the flagbearer…
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COVID-19 safety measures enhanced at Terminal 3 ahead of airport reopening – Kofi Adda
The Minister of Aviation, Joseph Kofi Adda says COVID-19 safety protocols have been enhanced at Terminal 3 of the Kotoka International Airport. He made these comments during an inspection of the terminal on Thursday, August 27, 2020, as part of preparations towards a likely reopening of the country’s airports to international flights on September 1.…
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Government explains motive for basing Agyapa Royalties in tax haven
The government has explained the reason behind basing Agyapa Royalties Limited in Jersey of the Channel Islands which is a known tax haven. The government says it adopted such a decision to ensure that it was not paying more tax on mining royalties than it needed to. The government registered the company in Jersey “because…
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Next NPP government will implement remote sensing technology to check power theft – Bawumia
The act of stealing electricity through illegal connections will come to an end following a new system which will be put in place by a New Patriotic Party (NPP) government should it be allowed to remain in power for another term. This promise was made by the Vice President, Dr. Mahamudu Bawumia at the official…
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Save TOR from collapsing – COPEC urges government
The Chamber of Petroleum Consumers (COPEC) is calling on government to invest in the Tema Oil Refinery (TOR) to prevent it from collapsing. According to COPEC, per its investigations the situation at the refinery is dire and maintaining its day to day operations is a challenge. Speaking to Citi Business News, Executive Secretary of COPEC,…
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Security services to remain on existing pension programmes – Oppong Nkrumah
The Minister for Information, Kojo Oppong Nkrumah has revealed that the government has taken a decision to exclude security service agencies in the country from the unification of pensions and has opted to allow these services to remain on their already existing pension programmes. The Minister, while addressing the press on Thursday, August 20, 2020,…
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Free water and electricity may be counterproductive – Economist
An Economist, Dr. Lord Mensah, says some of government’s social interventions such was the free water and electricity aimed at mitigating the impact of the Covid-19 pandemic, may come back to hurt the government if it does not tread cautiously. Government earlier announced free water for three months, and 50 percent reduction in electricity and…
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Bawumia to open conference on ‘smart solutions’ for Ghana today
The Vice President Dr. Mahamudu Bawumia, is scheduled to open a multi-day conference in Accra on Thursday at which eminent economists from Ghana and abroad will prioritise the smartest solutions to the country’s challenges. The conference, which is organised by the Ghana Priorities project is a collaboration between the National Development Planning Commission (NDPC) and…
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Lifeline consumers to enjoy free power from this month
Life line customers of the Electricity Company of Ghana, ECG, can now expect to have 100% of their bills absorbed from this month till the end of the year. This follows government’s extension of an earlier three months’ subsidy on utility for consumers who consume between 0 to 50kWh per month.This is part of efforts…
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Bank of Ghana to announce Monetary Policy Rate today
The Monetary Policy Committee (MPC) of the Bank of Ghana, is set to announce the policy rate later on Monday, July 27, 2020. The rate is of keen interest to businesses, as it determines the rate at which the BoG lends to commercial banks, and subsequently influences interest rate on loans. The Committee begun its…