Tag: Ghana Business
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15 percent increase in transport fares untrue – GRTCC
The Ghana Road Transport Coordinating Council (GRTCC) has dismissed reports that transport fares have been increased by 15 percent effective today [February 6, 2017]. The council explains that it is yet to conclude discussions to determine new transport fares for the first pricing window of this year. “From the point of GRTCC, there has not…
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Lands Ministry pushes for review of stability agreements
Lands and Natural Resources Minister, John-Peter Amewu is pushing for Ghana to cancel its stability agreements with major mining companies operating in the country. The Minister Nominee says key in his administration will be to scrap the country’s stability agreements with multinational mining companies. Mr. Amewu asserts that the Ghanaian economy risks being short-changed if…
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Emmanuel Antwi-Darkwa replaces Kirk Koffi as VRA CEO
President Nana Addo Danquah Akufo-Adoo has appointed Emmanuel Antwi -Darkwa as caretaker Chief Executive Officer (CEO) of the Volta River Authority (VRA). He takes over from Engineer Kirk Koffi who served the company as its CEO since 2013. A circular signed by the Deputy Chief Executive for VRA, Richmond Evans Appiah and copied to staff…
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Sibton Switch defends GH¢4.6 bn BoG contract
Sibton Switch Systems has defended the 4. 6 billion cedis cost for the establishment of an interoperable platform for mobile money transactions in Ghana. According to the company, the quality and extent of services provided for by the platform, guaranteed its selection by the Bank of Ghana. “It’s a long term infrastructure; it’s a retail…
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Transport Ministry to reconsider Atuabo free port project
Transport Minister Nominee, Kwaku Ofori Asiamah says his outfit will reconsider the proposal to create a free port at Atuabo in the Western region to assess its contribution to the development of the country’s transport sector. Mr. Asiamah explains that the project should propel private sector growth if its operations are streamlined in order not…
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Ghana names 3rd FPSO after J.A. Kufuor
Ghana’s third Floating Production Storage and Offshore (FPSO) vessel has been named after Former President, John Agyekum Kufuor. A statement from the Former President’s office on Wednesday said the Former President has left to Singapore for the naming of the third FPSO in his honour. The vessel will be operating in the Offshore Cape Three Points…
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HFC Bank rewards customers on 13th month of the year
Persons, who sign onto HFC Bank’s Susu Plus account, are set to be rewarded for the thirteenth month of the year following the bank’s revived campaign of that product. The savings deposit plan allows customers to deposit a fixed amount of money into their account for one year (twelve months) and be rewarded with the…
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Gh¢17.2 bn road sector debt hangs in the balance – Amoako-Atta
The outgone NDC government has left the Nana Addo led administration an outstanding commitment of 17.2 billion cedis in the roads sector, Minister Designate for Roads and Highways, Kwasi Amoako Atta has revealed. He describes the figures as alarming as government’s revenue streams are inadequate to meet the rising debts. Mr. Amoako Atta made the…
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BoG pins down illegal microfinance company in Sunyani
The Bank of Ghana has cautioned the public against investing with an unlicensed microfinance company; Agro Development Fund Services Limited. The company is reported to be operating from its office located at A67/3, Asufufu, opposite the Sunyani Traditional Council, Sunyani. A statement from the central bank and signed by its Secretary, Caroline Otoo said the…