Category: Top Stories
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Obuasi: Anglogold Ashanti retrieves body of missing miner
Anglogold Ashanti has retrieved the body of a miner, who together with other workers were trapped about two weeks ago after an underground mining pit caved in. The underground mining pit is part of the concession of Anglogold Ashanti, Obuasi Mine. The company in a statement said the miner’s body was retrieved on Saturday, May…
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IES urges government to act on its ENI/Springfield unitisation directive
The Institute for Energy Security (IES) has charged government to take immediate steps to actualize its directive to Eni Ghana Exploration and Production Limited and Springfield Exploration and Production Limited to unitize the Afina discovery and the Sankofa field. According to the Institute, urgent action is required from government given that time is of essence…
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Stakeholders call for intensified efforts in adding value to Ghana’s cocoa exports
The CEO of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, says the absence of “cocoa billionaires” in Ghana is a sign that the country has not efficiently “monetized and domesticated” the crop that regularly brings about two billion dollars of foreign exchange into the country. According to him, despite having produced cocoa over the…
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Savannah Charcoal Ban: Government must highlight alternative sources of livelihood – Environmentalist
With the introduction of a ban on logging and commercial production of charcoal in the Savannah Region, Environmental Analyst, Desmond Appiah, says efforts must be made to highlight the available alternative sources of livelihood for persons involved in the value chain. “With everything we do that has a negative impact, somebody will make an argument…
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Public Safety Bureau wants transportation of petroleum products in Ghana regulated
The Bureau of Public Safety is calling on the various state regulatory agencies to reassess the transportation of petroleum products in the country, following the recent tanker explosion which resulted in the deaths of three people. In an interview with Citi Business News, the Executive Director of the Bureau of Public Safety, Nana Yaw Akwada,…
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Policy rate to remain unchanged for 7th consecutive time – Economist predicts
Professor of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey has predicted that the policy rate will remain unchanged at 14.5 percent. Should the prediction come to pass it will be the seventh consecutive time the rate has remained at that figure since March last year. The rate is…
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Current crude, gas prices don’t support proposed increase in electricity tariffs – CUTS International
Research and public policy think tank, CUTS International, says a review of the prices of some key inputs for the generation of power, such as crude oil and gas on the international market, does not support the proposed upward adjustment in electricity tariffs. Already, the PURC has begun engagement with stakeholders to solicit their inputs…
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AOMCs call on government to address revenue leakages in petroleum sector
The Association of Oil Marketing Companies is calling on the government agencies to do all they can to address all inadequacies in the petroleum sector which cause the country to lose revenue. According to the association, many of its members who are tax compliant are forced out of business by their non-compliant counterparts offering outrageous…
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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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Road construction: Lower cost by refining bitumen-rich crude in Ghana – GOIL Executive
The Head of Technical Services at oil marketing company, GOIL, Alphonso Okai Jnr, has blamed the high cost of bitumen used for road projects on the kind of crude imported into the country. According to him, Ghana lacks the facilities needed to refine crude into bitumen, hence the high cost of the product. “What happens…