Friday, May 27, 2022
A Deputy Minister for Energy Mohammed Amin Adam has assured Ghanaians that, the shutdown of the Floating, Production, Storage and Offloading (FPSO) Kwame Nkrumah in May this year will not affect power generation and distribution.According to him, enough plans have been put in place to ensure that, Ghana does...
Ghana has singed a new Strategic Partnership Agreement with Cote D’Ivoire, which is aimed at addressing the challenges of the cocoa sector, called the “Abidjan Declaration.”Per the framework for the implementation of the Strategic Partnership Agreement, the two countries, are expected to end smuggling and help set an equal...
The Ghana National Petroleum Corporation (GNPC) is seeking private investors for the ailing Prestea Sankofa Gold Limited, one of the inherited unprofitable entities of the oil and gas-focused company, as it seeks to streamline its activities and focus on its core mandate.“The prudent thing we have done is to...
The Chartered Institute of Logistics and Transport (CILT) thinks government is focused too much on maximising revenue at the ports, as against the effective trade facilitation its paperless ports project is supposed to ensure.There is a need for government to find the right balance between maximising port revenue and...
Bank of Ghana (BOG) has today announced a reduction in its Monetary Policy Rate (MPR) by 200 basis points from the current 20% to 18%.The cut in the policy rate which is the biggest drop since November 2014, according to the Governor of the Bank of Ghana, Dr. Ernest...
Although inflation rose from 10.3 percent in January to 10.6 percent in February, the Monetary Policy Committee (MPC) of the central bank has expressed confidence in the disinflation process, generally, as it voted to reduce the policy rate by 200 basis points to 18 percent.Addressing the press on Monday...
The Bank of Ghana (BoG) has introduced new reforms to financial institutions in the country, in a bid to address the corporate governance challenges that have bedevilled the sector in recent years.The new reforms, dubbed ‘The Banking Business — Corporate Governance Directives 2018’, seek to vividly define the roles...
The Ghana Investment Promotion Centre (GIPC), as part of its ‘Ghana on the Go CEO’s breakfast meeting’, hosted CEOs and Business leaders to discuss laws and sanctions that come with Technology Transfer Agreement.The Technology Transfer regime relates to a relationship between a parent company or an external company and...
The National Pensions Regulatory Authority (NPRA) has said the grace period given employers to act in accordance with the new pension scheme is over, and that it will begin to scrutinise and sanction all non-complying employers.The pensions regulator noted that seven years after the three-tier pension scheme’s coming into...
There is a huge business potential for financial technology service providers, known as Fintech companies, to support organisations set up their systems in order to use the e-bills pay.The e-bills system, which is the latest initiative by the Ghana Interbank Payment and Settlement Systems (GhIPSS), enables various institutions to...
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