Category: News
-
AKER Energy announces $4.5 million support for oil and gas sector
Aker Energy, the operator of the Deepwater Tano Cape Three Point (DWT/CTP) Block offshore Ghana, has announced USD4.5 million for the Accelerated Oil and Gas Capacity-building (AOGC) Programme, a Ghana government scheme designed to enhance the competencies of Ghanaians in the oil and gas sector. Mr. Jan Helge Skogen, Country Manager of Aker Energy commended…
-
Increase tariffs if necessary to stop ‘dumsor’ – Toma Imihere
Financial Analyst, Toma Imihere believes an increase in the cost of electricity will help the companies within the power distribution chain generate enough revenue to bring to an end, the continuous erratic power supply saddling the country. He says the move when considered and rolled out will relieve the ordinary citizen from the much dreaded…
-
Ghana finalizes agreement with GERC for $2.2b Eastern railway project
The Ministry of Railways Development has reached a Concession Agreement with the Ghana European Railway Consortium (GERC) for the construction of the Eastern Railway line project at the cost of $2.2 billion dollars. The 340 kilometre- Project, which would run from the Tema Port through Accra, Koforidua and end in Kumasi; is a Built, Operate…
-
Include production of ceramics into 1D1F – Group
The Ayiwakuo, an association of manufacturers of earthenware bowls, pots and ceramics at Kwahu Nsaba, has called on the Ministry of Trade and Industry to factor their work into the One District One Factory Programme (1D1F). This the group said is to help provide a market for their produce and jobs for the youth. They…
-
Tony Elumelu Foundation selects over 3,000 for 5th entrepreneurship programme
The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs, has announced 3,050 African entrepreneurs, drawn from all 54 African countries, selected to join the 5th cycle of its $100million TEF Entrepreneurship Programme. The announcement was made at the Transcorp Hilton Abuja, following a presentation of the selection process by Accenture…
-
Tang Palace wins prestigious National Best 4-Star Hotel award
Tang Palace Hotel has been honored with prestigious awards at the 2018 National Tourism Awards in Accra. The hotel was adjudged ‘4-Star hotel of the year’ National and Regional for maintaining high standards in service delivery. The citation accompanying the award paid glowing tribute to the Tang Palace hotel as ideally located in one of…
-
GCB records GH¢323 million profit
GCB Bank Limited posted a significantly improved bottom line with net profit of GH¢323.13 million for the year ended 2018. This translates into growth of GH¢ 110.42 million over the GH¢212.72 million recorded in the 2017 financial year. Top line growth was appreciable despite instability in the banking industry with 2018 recording GH¢1,260 million as…
-
Over 1,000 tech startups benefit from digital enterprise programme
Over a thousand technology startups are set to benefit from a digital enterprise programme this year. The Ghana- Oracle Digital Enterprise program is a partnership between government and US tech company, Oracle, which will help the startups develop and sustain their digital skills. The partnership between government and Oracle will provide mentorship to the selected…
-
Ghana is far from debt distress level – Ken Ofori Atta
The Finance Minister Ken Ofori Atta has refuted claims that Ghana stands a high risk of debt distress. The Economic Commission for Africa has listed Ghana as part of countries whose debt levels raise concern about ability to withstand the impact of the move on their economies. Ghana’s debt is stood at 173.2 billion cedis as…
-
GRA starts implementation of 50% slash on import values
The Ghana Revenue Authority (GRA) has directed valuating agencies at the ports to effect changes in their valuation for imports effective Thursday [April 4, 2019]. A memo signed by Commissioner General of Customs, Isaac Crentsil to the agencies asked them to adjust the mechanism in accordance with the new directives from the government. Portions of…