Tag: Ghana
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BMBF funded project on 400KW hybrid waste-to-energy power plant kicks off in Ghana
The kick-off and groundbreaking ceremonies for the Federal Ministry of Education and Research (BMBF) funded €5.8 million 400 kW Hybrid Waste to Energy (WTE) power plant construction to be situated at Atwima Nwabiagya in the Ashanti Region have taken place. The project is expected to help close the carbon cycle by developing the value chain…
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Top gov’t officials took bribes from Airbus between 2009 and 2015 – UK court reveals
It has emerged that some top officials in the government of Ghana during the Mills-Mahama administration between 2009 and 2015, took bribes from the world’s largest airliner manufacturer, Airbus. The bribes were to afford the company some business favours, according to UK court documents. This emerged in a case of ‘endemic’ corruption against the company…
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Akufo-Addo wants increased UK investments in Africa
President Akufo-Addo has called on the United Kingdom to increase its investments in Africa. The President made the call during the first UK-Africa Summit held in London earlier this week. The Summit is to lay the foundation for new partnerships between the UK and African nations based on trade, investment, shared values, and mutual interests.…
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Ofori-Atta to raise over US$3 billion in diasporan bond
The Ministry of Finance is hoping to raise over US$3 billion in a Diasporan bond through the creation of the Diasporan Savings and Investment account. The account which will also be known as the African Sankofa Account will enable people of African descent living outside the continent to lend to the government of Ghana for…
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Allow Ghanaian traders stuck in Nigeria to move out — GUTA
In relation to the recent extension of the border closure by Nigeria to the end of January 2020, The President of Ghana Union of Traders Association (GUTA) Dr. Joseph Obeng is calling on Nigerian authorities to allow Ghanaian traders stuck inside Nigeria to leave with their products back to Ghana. The extension which was approved…
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South African giant drug manufacturer exits Ghana; sells off investment
South African drug manufacturer Adcock Ingram has disposed of its shares in local drug company Ayrton Drugs Manufacturing Company after describing the company’s performance as not meeting their expectations. The South African-based company had a 53 percent stake in Ayrton Drug but in a statement that announces its 2019 half-year performance, the company revealed that…
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Gov’t to outdoor action policy to protect Ghana in awarding petroleum contracts
The Vice President Dr. Mahamudu Bawumia has reiterated government’s commitment to introduce policies that will protect Ghana’s oil and gas industry to benefit Ghanaians. The vice president was hopeful an action policy will soon be announced by the regulator—the Petroleum Commission to protect the country’s interest when giving out oil blocks to multinational companies. Speaking…
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Government refutes claims maiden 20-year bond flopped
The Ministry of Finance has described the maiden 20-year bond issued last week as a success; refuting claims made by Bloomberg that the bond was a failure given that it was undersubscribed. The Ministry in a press release explained that the issuance of the longest-tenor domestic bond was to raise as much as GH¢450 million.…
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uniSecurities Unit Trust records 112 percent growth
The uniSecurities Unit Trust (UUT) recorded a net assets growth of GHȼ5,260,109 in 2017 as against GHȼ2,477,787 in 2016, representing an increase of 112 percent. Total revenue also rose from GHȼ571,664 to GHȼ899,666 during the year under review. Mr. Simeon Tawiah, acting Managing Director of the UUT, disclosed this at the company’s 2017 Annual General…
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Deal with only our staff — Registrar-General Department warns
The Registrar-General’s Department (RGD) has cautioned the public to be wary of faceless people requesting owners of companies and businesses to send various sums of monies through mobile money to renew their business names or pay their penalty for non-filing of annual returns. A statement issued on Thursday said: “we wish to state that the…