Tag: Ghana Business News
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National ID to solve ‘chaotic’ data system – MTN CEO
Telecom operators have intensified calls for the implementation of a National Identification System. Its implementation is expected to create easier and simpler ways to manage data of all Ghanaians. The telecom operators argue that the challenge of not having a proper national ID system in Ghana makes it difficult to generate revenue internally. Commenting on…
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FPSO shutdown not to exceed 12 weeks – Tullow
Tullow Oil has announced that its planned shutdown of the FPSO Kwame Nkrumah later this year, will not exceed the proposed twelve weeks. Tullow is expected to shut down its Jubilee fields operations later this year for the stabilisation, rotation and offloading system installation. It also comes on the back of the faulty turret bearing…
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Freeze in contracts, vehicle purchases reduces growth in service sector
The first quarter Gross Domestic Product (GDP) figures for 2017 have shown that the services subsector recorded the least growth. The services subsector recorded a GDP growth of 3.7 percent, down from the 8.8 percent recorded in the same period last year. The Ghana Statistical Service attributes this to the freeze in public expenditure for…
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GCNet denies contributing to excessive delays at the ports
The Ghana Community Network Services Limited (GCNet) has dismissed reports of technical breakdown in its systems which lead to delays at the ports. According to the company, it has the necessary mechanisms in place to manage possible distortions to the operations at the ports. The Terminal Supervisor at the GPHA, Emmanuel Ashaley Neequaye earlier bemoaned…
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2017 first quarter GDP rises to 6.6%
Ghana’s Gross Domestic Product (GDP) for the first quarter of 2017, grew by 6.6 percent. This compares with the 4.4 percent recorded in the same period of last year. For the first quarter of this year, Ghana’s GDP at constant prices including oil was 8, 557.8 million cedis compared with the 8,028.4 million cedis recorded…
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GCNet, West Blue overlapping due to slow uptake of single window
The Ghana Ports and Harbours Authority (GPHA) has given indication the double window platform at the ports will continue to exist until such a time that operators become absolutely conversant with the single window platform being handled by West Blue Consulting. According to the GPHA, the co-existence of the operations of the Ghana Community Network…
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Ghana partners Huawei for strategic ICT partnership
Ghana and Huawei have signed a Memorandum of Understanding (MoU) for strategic ICT cooperation between Huawei and Ministry of Communications of the Republic of Ghana. As a result, Huawei will serve as the strategic ICT partner of the Ghanaian government and leverage on the company’s rich global ICT experience to boost ICT development, transfer ICT…
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Solving power challenges: Yantei Jereh begins works on gas pipeline
Government has announced the construction of an onshore natural gas transmission pipeline from Takoradi in the Western region to Tema in the Greater Accra region to transmit natural gas to power generation plants. It follows the signing of a Project Implementation Agreement (PIA) for the Aboadze-Tema Natural Gas Transportation Pipeline and gas infrastructure Project. The…
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BOST contaminated fuel saga: The NPA’s key findings
The National Petroleum Authority (NPA) confirmed that the two companies alleged to have purchased the over 5 million litres of contaminated fuel under suspicious circumstances from the Bulk Oil Storage and Transportation (BOST) Company were not licensed. According to the NPA, it will take legal action against the firms, whiles it conducts further investigation to determine…
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Lower building costs to drive down high housing prices
It is an undeniable fact that correcting Ghana’s housing deficit would require concerted efforts by both the government and private sector. At Citi FM’s Housing Forum which came off on Tuesday at the Alisa Hotel, discussants identified the systemic challenges facing the housing sector and looked at ways to correct the trend. These bordered on…