Category: Top Stories
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Ghana a safe, peaceful destination for investments – Akufo-Addo woos Spanish investors
Ghanaian President, Nana Addo Dankwa Akufo-Addo has urged Spanish business owners to turn their attention towards Ghana telling them that the West African country is a safe place to invest their money. “As most of you know, Ghana is a haven of peace, security and stability, indeed, the safest country in West Africa, where legitimate…
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‘Business opportunites from AfCFTA enormous’ – Akufo-Addo to Spanish goverment
The President of the Republic, Nana Addo Dankwa Akufo-Addo, says a very important plank of the new strategic partnership between Africa, Spain and Europe would be the strong support for the African Continental Free Trade Area (AfCFTA), which began trading on 1st January. Speaking at the “Focus Africa 2023” Conference held in Madrid, in Spain,…
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Parliament approves Ofori-Atta as Finance Minister
Parliament has approved the nomination of Ken Ofori-Atta as Ghana’s Minister of Finance. Mr Ofori-Atta was approved on consensus following recommendations by the Appointments Committee. He was vetted by the Appointments Committee last Thursday and Friday. Mr Ofori-Atta is the last substantive minister of President Akufo-Addo to be approved by Parliament. His vetting was postponed…
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Fuel prices likely to remain unchanged in April – IES
Consumers should be able to heave a sigh of relief as the price of fuel at the various pumps for the first pricing window in April 2021 is expected to remain unchanged. This is according to the Institute of Energy Security (IES). IES in a press statement indicated that the 2.05% decrease in the price…
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We have zero casualties since commencing operations – Sunon Asogli
The safety department of Sunon Asogli Power Plant is admonishing businesses, especially in the power sector to work to improve safety at their workplaces. According to the company it hasn’t recorded any workplace-related causalities since its establishment, a fete it believes was accomplished by strict adherence to its safety protocols. In an interview with Citi…
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Address political inferences in operations of TOR – Energy Consultant
Energy Consultant, Dr Yussif Sulemana has commended the government for its commitment to revamp, Tema Oil Refinery (TOR). The country’s only oil refinery has not been operational for a while now due to several challenges, including the inability of the entity to pay its workers. But the Energy Minister, Matthew Opoku Prempeh, in a recent…
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Ghana must explore deep waters to avoid exhausting oil reserves – Amoako Tuffour
The secretary to government’s Economic Management Team (EMT), Prof. Joe Amoako-Tuffour has stated that Ghana risks exhausting its oil reserves in the next ten years if it doesn’t move into deep waters to explore oil. His comments come on the back of a warning of an imminent collapse of the country’s petroleum industry by the…
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Ofori-Atta suggests adoption of COCOBOD model for buying and exporting gold
Finance Minister-designate Ken Ofori-Atta is proposing a shift from the liberalized system that currently characterizes the buying and export of gold in the country, to the use of the COCOBOD model, which will see one body buying and exporting gold from Ghana. Day two of the highly anticipated vetting of Finance Minister-designate Ken Ofori-Atta which…
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Stakeholders call for stiffer control measures on illicit financial flows
The Head of Tax policy Unit at the Ministry of Finance, Mr. Daniel Nuer has called for stiffer measures in controlling illegal financial flows from the African Extractive Sectors. According to Mr. Nuer, the ravaging impact of the COVID-19 Pandemic on the African economies requires that African governments do all within their power to block…
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Special Prosecutor was not fair to me – Ofori-Atta
Finance minister-designate, Mr Ken Ofori-Atta has bemoaned the failure of the Office of the Special Prosecutor to offer him a fair hearing in the preparation of its report condemning the controversial Agyapa Royalties deal. The deal which proposed to sell almost 76 percent of Ghana’s future receipts from gold royalties to a special purpose vehicle,…