Tag: Ghana Business News
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Tullow to drill new wells by year end
Tullow Ghana has told Citi Business News it will by the end of this year [2017] commence the drilling of additional wells in the West Cape Three Points as part of operations of the TEN oilfields. It follows the judgement by the Special Chamber of the International Tribunal for the Law of the Sea (ITLOS)…
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Mixed expectations meet BoG’s policy rate decision
There are mixed expectations ahead of the policy rate decision to be announced by the Bank of Ghana on Monday, September 25, 2017. The Monetary Policy Committee (MPC) of the central bank is set to announce a primary rate at which it will lend to commercial banks for onward lending to customers. Already, the rate…
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2018 budget to dwell on improving agric sector
Government has stated the commencement of a new plan in the 2018 budget to turnaround the fortunes of Ghana’s agricultural sector. To be known as the ‘marshal plan for agriculture,’ the policy seeks to tackle all systemic challenges that have confronted Ghana’s agric sector hence inhibiting its contribution to the economy. The Vice President, Dr.…
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GCAA cautions public against 2 ‘unapproved airlines’
The Ghana Civil Aviation Authority (GCAA) has cautioned the public against doing business with Gold Star Airline and Global Ghana Airlines. According to the Authority, the two were found to be misleading the public that they operate flights from Accra to other parts of the world. A statement from the GCAA, signed by its Director-General,…
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Maritime dispute win to boost Ghana’s economy
Analysts in the oil and gas sector are anticipating a judgement in favour of Ghana at the landmark case involving Ghana and Ivory Coast at the International Tribunal of the Law of the Sea (ITLOS). The Special Chamber of ITLOS is expected to deliver its ruling on the three-year dispute between the two countries. Ghana,…
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Banks anxious of interest rate cut
Bankers are anticipating a reduction in the policy rate as the Bank of Ghana’s Monetary Policy Committee (MPC) meets to review the strength of Ghana’s economy, Friday September 22, 2017. The meeting will be concluded on Monday September 25, 2017 with a decision on the policy rate for commercial banks to comply with. The MPC…
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Ghana awaits maritime dispute ruling with ‘fingers crossed’
President Akufo Addo says his government will not make any pronouncements on the yet to be delivered judgment on the maritime border dispute between Ghana and Ivory Coast. Nana Addo maintains that a lot of work is ongoing on how best to handle the outcome of the three year dispute. The International Tribunal of the…
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Investors to ditch Ghana over single window blues
Freight forwarders fear a dip in investor confidence with the takeover of the operations of West Blue Consulting Limited at the country’s ports. They argue that the failure to efficiently manage the change could escalate the somewhat troubled single window system at the ports. The development, the businesses also argue will eventually affect operations at…
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Albert Essien named Board Chairman of GHL Bank
GHL Bank has appointed Mr. Albert Essien as its new board chairman. He takes over from Mr. Jacob Kholi. Mr. Essien is a seasoned banker who served as the Deputy Group CEO of Ecobank and was in charge of Corporate and Investment Banking as the Group Head for fourteen (14) years. Mr. Essien commenced his…
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AAI awards Zenith Bank Founder Jim Ovia
The Africa -America Institute (AAI) has awarded the Co- Founder and Chairman of Zenith Bank Mr. Jim Ovia with the esteemed 2017 Business Leader Award. The award was conferred on him on Tuesday September 19, 2017 in New York, USA at the institute’s 33rd Annual Awards Gala. Receiving the award Mr Ovia said “today I…