Category: Top Stories
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Gas is the ideal transitional fossil fuel due to its low carbon emissions – Ghana Gas CEO
The Chief Executive Officer (CEO) of the Ghana National Gas Company (Ghana Gas), Dr. Ben K. D. Asante, emphasized the importance of embracing new gas markets in the energy transition discourse during a stakeholder round table discussion held on Tuesday, July 4, 2023. With the theme “Embracing New Gas Markets in the Energy Transition Discourse,…
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Fan Milk PLc recalls Fan Yogo batches after customer complaints
Fan Milk PLC, producers of Fan Yogo has recalled some batches of the product after concerns raised by some customers. Consumers who have recently purchased Fan Yoyo have taken to social media about the abnormal texture of the product prompting the company’s action. But the company has admitted to the anomaly saying, “the root cause…
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Cedi classified among ‘worst spot returns’ in Africa – Bloomberg
Ghana’s local currency -the cedi has been classified among Africans currencies with the ‘worst Spot Returns. This is according to a Bloomberg report. On the World Currency Ranker the cedis performance placed 17th, depreciating by 11.21 percent. According to Bloomberg although the cedi lost about 11.21% to the US dollar in the first quarter of…
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Pecan Energies approves Plan of Development for Deepwater Tano/Cape Three Points block offshore
On behalf of its partners, Pecan Energies, the operator of the Deepwater Tano/Cape Three Points (DWT/CTP) block offshore Ghana, has announced the successful approval of the Plan of Development (PoD) for the DWT/CTP contract area by Ghanaian authorities. “We are thrilled to receive the approval of the PoD for the DWT/CTP block by the Minister…
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GSA holds Exporters Forum to expose importers to trade agreements
As part of efforts to accelerate economic growth and drive foreign exchange, the Ghana Shippers’ Authority (GSA) has held an Exporters Forum to abreast importers and exporters on some of the country’s trade agreements and how they can position themselves to take advantage of it. The forum which was under the theme; ‘Facilitating Shipment under…
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ECG working to disburse cash to IPPs by end of week
The Electricity Company of Ghana (ECG) is confident of settling debts Independent Power Producers (IPPs) by end of this week to avert any disruptions in electricity supply. Despite government’s indebtedness to the power generation companies the ECG and IPPs have reached a unique payment agreement promoting the latter to suspend its plans to cut power…
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GSS pushes for diversification of the local economy
The Ghana Statistical Service (GSS) is pushing for the transformation of the local economy from one driven by micro and small industries to one that is largely supported by a diversification in the medium and large scales industries. According to the Service, this will give a boost to the economy and ensure the growth of…
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Price of diesel and LPG to drop marginally; petrol to remain unchanged – IES
The price of diesel and Liquefied Petroleum Gas (LPG) is expected to fall marginally in the first pricing window of July. This is according to a recent analysis by the Institute for Energy Security (IES). The projection by the Institute for Energy Security, notes that the reduction can be attributed to the 2.6% fall in…
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IBES committee inaugurated to proffer innovative policies for national development
The National Steering Committee of the Integrated Business Establishment Survey (IBES) has been encouraged to ensure that its 2023 report gives innovative backing to businesses across the country. This, according to the Ministry of Finance, will help shape relevant policies to stimulate the profiling of the country’s Gross Domestic Product (GDP) and other critical economic…
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IPPs suspend planned shutdown after engagements with ECG
The Chamber of Independent Power Producers Ghana (IPPs) has suspended its planned shutdown of plants powering the national grid despite debts owed by government. This follows what the Chamber describes as fruitful engagements with the Electricity of Ghana (ECG). To this end, the IPPs have agreed to keep operating their power plants after July 1,…