Category: Local Economy
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ACEP calls for sustainable ways to solve intermittent power supply problem
Executive Director for Africa Center for Energy Policy (ACEP), Benjamin Boakye has charged the government to come up with sustainable ways to rid the country of intermittent power outages. His comments follow the uncertainty of the sector minister, Matthew Opoku Prempeh on whether or not there will be an extension of the power outage schedule.…
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SIM registration: NIA announces measures to register Ghanaians without Ghana card
The Chief Executive Officer of the National Identification Authority (NIA), Professor Kenneth Attafuah has stated that plans are far advanced to ensure every Ghanaian re-registers their SIM cards. His comments follow agitations from sections of the public over the use of the National Identification cards for the SIM –Card re-registration exercise. According to him, the…
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IES MarketScan: A year on, why hasn’t ENI and Springfield unitized as directed
In April 2020, the then Energy Minister John Peter Amewu wrote to the subsidiary of the Italian oil major Eni Ghana Exploration and Production Limited (ENI), and Springfield Exploration and Production Limited (Springfield) a subsidiary of Springfield Group, directing them to execute a Unitization and Unit Operating Agreement (UUOA). The purpose of executing the UUOA…
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Re-register your SIMs with Ghana Card or risk losing your phone numbers – Bawumia
Vice President, Dr. Mahamudu Bawumia says plans are underway to ensure that all Ghanaians with SIM cards re-register them using the National Identification card by the middle of this year. According to him, the move is part of plans to rid the country’s cyberspace of fraud, monitor and track down persons who use their phones…
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Collaborative support needed to reset Ghana’s post COVID-19 economy – First Deputy Governor
The First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari has stated that resetting Ghana’s economy back to resilience would be a gradual process over the next two or three years. According to him, this would require the collective and collaborative support, of both the private and public sectors. Outlining some short-term strategies…
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Restoration of economic stability still on course – Dr. Bawumia
Vice President Dr. Mahamudu Bawumia has stated that the Akufo-Addo government is largely succeeding in restoring macroeconomic stability through digitisation. According to him, the government’s digitization agenda in areas such as land administration and integration of the nation’s database, plus the revision of interest rates are some of the interventions adopted to recover the economy.…
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Current ‘dumsor’ not caused by financial challenges – NAPO insists
The Minister of Energy, Dr. Matthew Opoku Prempeh, has rejected claims that the recent power outages popularly referred to as ‘dumsor’ are a result of financial difficulties. The Minister insists that such claims are borne out of wishful thinking by critics of the Akufo-Addo administration. Dr. Opoku Prempeh said this at the Minister’s press briefing…
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Private road transport operators to increase fares by 20% from Monday
Effective Monday, May 17, 20021, public transport fares will be increased by 20 percent. This was announced in a statement by some private transport operators in the country. The decision follows a series of meetings among members of the private transport operators in the country, comprising the Ghana Committed Drivers Association, International Drivers Road Transport…
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Kosmos Innovation Center holds final pitch for 2020 AgriTech Challenge competition
The Kosmos Innovation Center (KIC) has held a final pitch for the 2020 AgriTech Challenge competition. The pitch which was held at the KIC business incubation hub is aimed at helping young entrepreneurs build the foundation for commercially-viable AgriTech start-ups and address challenges confronting the Agric sector in the country. Ten business startups, namely FarmAsyst,…
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IMF commends Ghana for effectively managing COVID-19 pandemic
The International Monetary Fund (IMF), says Ghana has effectively managed the COVID-19 pandemic. The commendation was contained in a statement after a team led by Carlo Sdralevich paid an official visit to Ghana. The team had discussions with Vice President, Dr. Mahamudu Bawumia, Finance Minister, Ken Ofori-Atta, Governor of the Bank of Ghana, Ernest Addison,…