Fast growth in e-commerce sales to consumers and cross-border purchases More than 1.4 billion people shopped online in 2018 US, China and UK dominate e-commerce sales to consumers E-commerce sales hit $25.6 trillion globally in 2018, up 8% from 2017, according to the latest available estimates released today by...
A high-powered delegation from the Ghana EXIM Bank, one of the major funding banks of the government’s flagship programme, One-district, One-factory (1D1F), has paid a working visit to three pharmaceutical companies in the Greater Accra Region who have received funding from the bank to invest into their operations. The team,...
The impacts of the current crisis are wide and affecting both Africa’s most promising exploration prospects, but also its multi-billion-dollar landmark projects. The double crisis of the COVID-19 pandemic and the collapse in oil prices is taking a toll on African economies and the African energy industry. An unstable and...
U.S. output set to drop significantly after negative prices Oil refiners to curtail processing as fuel demand remains weak Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about where to stash oil. The next chapter in the oil crisis is now inevitable: great...
The West Africa Gas Pipeline Company (WAPCo) has assured of reliable gas supply in the country even in the face of the disruption caused by the Coronavirus pandemic. While the gas supplier admitted to challenges being encountered in moving technical staff from one place to the other, it said it...
The Ghana Armed Forces Command and Staff College has said a disinfection exercise by Zoomlion Ghana at its premises on Saturday came the right time. Director of Corporate Affairs at the College, Colonel Kofi Arthur, said the exercise is consistent with the College’s plans to protect the students and staff...
A 330/161 kV Interconnecting Auto-Transformer project has been completed and opened by the Minister of Energy, John Peter Amewu at the Sunon Asogli Power Plant at Kpone to increase power transmission capacity in the country. The project which commenced full-scale operation on April 15, 2020, involves the installation of a...
Indigenous Oil Marketing company, GOIL Company Limited has presented personal protective equipment (PPE), Veronica Buckets, and disinfectants to the Ashaiman Polyclinic in support of the government’s efforts to stem the spread of the COVID-19 pandemic. The items, valued at GH₵20,000 comprised Veronica buckets; medical overalls; 2000 pieces of hand sanitisers;...
TIN mandatory full modalities out next week To ensure that the COVID-19 stimulus package for businesses reaches the four corners of the country, Rural and Community Banks would be part of the channels to be used in the distribution of funds, in addition to the EXIM Bank and...
The contractor of the University of Ghana Hospital project, EDC Engineering and Construction Limited based in Isreal, has donated an amount of GH¢100,000 to the COVID-19 Trust Fund. This was in response to the clarion call made by the President Nana Addo Dankwa Akuffo Addo after he had established the...