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We are ready to leave AngloGold’s Obuasi site – Illegal miners

illegal mining

Illegal miners who have occupied AngloGold Ashanti’s Obuasi Mine concession have told Citi Business News they are ready to comply with government’s directive to vacate the mine and move to the new allocated site on November 16th. According to the PRO of the Ghana National Association of Small Scale Miners, Francis Opoku, which is representing the illegal miners, there was ...

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Poultry farmers decry high interest rates


The Ghana National Association of Poultry farmers is calling on banks to reduce the cost of credit. The farmers say they pay on average between 35% to 40% interest for every loan taken to boost their businesses. According to them, the high interest on loans taken from the banks in Ghana makes it difficult to enhance production in the poultry ...

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‘Unsatisfied’ DKM creditors to be paid soon

dkm customers

Validated creditors of DKM Microfinance who were paid below the minimum amounts received so far are to be paid their respective locked up investments soon. This is the assurance from the Official Liquidator for the company. Some customers were angry with the Registrar General’s Department after being paid as little as 10 or 20 cedis after investing between 1000 and ...

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We will flush out all ‘galamseyers’ at AngloGold Obuasi mine – MCE

File photo

Government agencies mandated to evacuate the illegal miners occupying the Obuasi concession of AngloGold Ashanti, are optimistic they will accomplish their task by the new date scheduled. It follows the review of the deadline date for eviction after the illegal miners resisted the initial attempts by the moving committee to get them out of the site. The Municipal Chief Executive ...

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Oil & Gas to serve as main driver of 2017 economy

Finance Minister, Mr. Seth Terkper

Two months to the end of the year, Citi Business News has gathered the Oil and Gas industry is marked to be the main driver of economic growth in 2017. The Ghana National Petroleum Corporation (GNPC) is expected to lead the task as the Gye Nyame Sankofa project progresses, as well as oil production at the TEN field ramp up to ...

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National airline key for Ghana’s aviation hub

ghana airways

Ghana’s quest to become a hub for airline travel within the West African sub-region could largely be achieved if it is able to successfully re-establish its National airline and build a hustle free travel system. This is the suggestion from the country Manager for RwandAir, Dennis Rwiliriza. “A national carrier does a lot to also build the country so I ...

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Ayariga’s no coal plant in Ghana contradicts NDC manifesto- Group


Despite assurances from the Minister of Environment, Science, Technology and Innovation, Mahama Ayariga ,that government will not permit the setting up of coal plant in Ghana, a civil society group has expressed dissatisfaction at the promise, calling for a national policy to back it. The minister who was speaking at forum recently disclosed that government has not issued any license ...

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Galamsey threatens cocoa production


The Oxford Business Group (OBG) has warned that Ghana risks losing a substantial part of its agriculture land due to the activities of illegal miners popularly called ‘Galamsey’. According to the group, galamsey activities also pose a major danger to Ghana’s cash crop—cocoa, which has been a significant contributor to economic growth and foreign earnings for the country. A statement ...

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Lack of capacity still constrains local content in Ghana – AGI

seth twum akwaboah

The Association of Ghana Industries (AGI) has cited the lack of capacity building as one major constraint to local content in Ghana. After almost three years since the passage of the Petroleum Local content law, Ghanaian companies are yet to actively participate in the oil and gas sector. “There are certain areas that due to the nature of they being ...

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Official Liquidator for DKM begins ‘extra’ payments today

DKM-customers-600x330 (1)

Creditors of DKM Microfinance Limited who were not paid in the first week of payments, are expected to receive their investments from today. This is according to the Principal Company Inspector for the official liquidator, Jones Nathaniel Ansah According to him “some of those who have so far not received any payment are getting their monies today (Saturday). The commercial ...

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