Category: News
-
NPA intensifies works on safety standards at fuel pumps
About one hundred Oil Marketing Companies (OMC’s) and LPG Marketing Companies (LPGMC’s) have taken part in the 2019 Safety Declaration Certificate signing ceremony organized by the National Petroleum Authority (NPA) in Accra. The ceremony forms part of the launch of the 2019 National Petroleum Safety Campaign, under the Theme: “PEOPLE SAFETY FIRST”. The National Petroleum Authority’s Safety…
-
Govt must be fiscally discipline in election year to prevent overruns—Prof. Quartey
Professor of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey says despite his expectation of positive macroeconomic performance in 2019 government must be disciplined in the last quarter of 2020 not to derail the gains. Over the past 30 years, Ghana’s budget has been in deficit every single year.…
-
GHL Bank Opens 2019 Housing Fair
Ghana’s number one mortgage financing firm, GHL Bank will host its first Housing Fair of 2019 on the weekend of 27th and 28th April. The event will bring together a wide range of developers whom the bank has had a long-standing relationship with, as well as new and upcoming housing brands, property experts and service…
-
AWA, South African Airways partner to enhance operations
Domestic Airline, Africa World Airlines (AWA) and South Africa Airways have signed a Memorandum of Understanding (MoU) to formalize and enhance corporation between the two Airlines. Chief Executive Officer of South Africa Airlines Vuyani Jarana explained that the partnership was going to expand connectivity for Africa. “We are a firm believer that for Africa to…
-
PIAC, EOCO sign MoU to fight corruption in petroleum sector
The Public Interest and Accountability Committee (PIAC) and the Economic and Organised Crime Office (EOCO) have agreed to collaborate to protect Ghana’s petroleum revenues from embezzlement and financial abuse. The two separate entities signed a Memorandum of Understanding (MoU) to back the agreement between them. The collaboration between the PIAC and the Economic and Organized…
-
Africa must implement a strategy on technology – Fidelity Bank MD
The Managing Director of Fidelity Bank, Mr. Julian Opuni, has suggested the need for Africa to develop and implement a strategy on technology, which will positively impact development of the continent. “Africa must implement a continental strategy with regards to technology which will help drive collaboration, transfer of technology and ideas to impact on the…
-
Ghana hosts African Risk Capacity Joint Board Meeting
The Government of Ghana has signed a Programme of Work with the African Risk Capacity (ARC) on the margins of the Joint Board Meeting of the African Risk Capacity Agency, and its financial affiliate, African Risk Capacity Limited which commenced today in Accra. The Programme will help the Government of Ghana to improve responses to…
-
BoG starts new forex directives to stabilize cedi against dollar
The Bank of Ghana has issued some directives on how participants in the forex market must conduct their businesses to help stabilize the cedi. The new directives that is being implemented today [25 February, 2019] are also targeted at improving information flow on how operators in the forex market will react and act on issues…
-
GAT to issue first bond this week to aid undercapitalized banks
The Ghana Amalgamated Trust (GAT) will be raising its first bond this week to help capitalize some banks that were deemed to be performing well but unable to meet the 400 million cedis capital requirement. GAT will seek about 780 million cedis in its first tranche to help adb bank, Prudential bank, umb as well…
-
Gov’t must honour campaign promise of clearing debt–Association of Contractors
The Association of Building and Civil Engineering Contractors of Ghana has charged government to take pragmatic steps to honour its campaign promises pertaining to the unpaid Ghanaian contractors. The association in a press release has also enquired of the status of the $1.5 billion dollars loan contracted by the government of Ghana through GETFUND to…