Although crude production in 2019 went up 15 percent from 62,135,435.07 barrels in 2018 to 71,439,585 barrels, revenue accrued to the Petroleum Holding Fund (PHF) however dropped by some 5 percent within the same period.
The revenue went down to US$925million in 2019 from US$977million in 2018 from Royalties, Carried...
…as definition of ‘frontline health workers’ still hangs
As part of the COVID-19 Alleviation Plan (CAP), government has set aside some GH¢80million to cater for the payment of 50% allowance on the basic salaries of frontline healthcare workers, Deputy Minister of Finance Charles Adu Boahen has disclosed.
Answering questions on behalf...
Professor Douglas Boateng - a supply chain, logistics and industrialisation expert, has predicted that the local economy could earn as much as GH¢300million from the fast-growing local face mask sector following the outbreak of novel Coronavirus (COVID-19) in Ghana.
Previously, most face masks were sourced from other countries, particularly China;...
Founder of SheaCoal Zoyanna Ent, Douglas Akoglo, has been crowned winner of the third edition of the Presidential Pitch organised by the Business Development Ministry in partnership with the National Entrepreneurship and Innovation Plan (NEIP).
His initiative, which is aimed at converting Shea nut residue into charcoal, won the grand...
MobileMoney Limited has extended the fee waiver on MoMo on-net transfers up to GH¢100 daily till September 30, 2020.
The extension of the MTN and Bank of Ghana COVID-19 initiative gives opportunity to MoMo customers to continue sending money transfer value up to GH¢100 daily to MoMo wallets for free....
First National Bank Ghana has confirmed the conclusion of the merger with its subsidiary, GHL Bank. The merged entity will be known as First National Bank Ghana.
The newly formed and strengthened entity will offer a portfolio of unique innovative financial solutions for retail, corporate and investment banking clients. The...
In line with its commitment to the fight against COVID-19, Consolidated Bank Ghana (CBG) has donated an amount of GH¢50,000.00 to the Northern Development Authority (NDA) project to help over 500 Kayayei return home.
The ‘Bringing back Kayayeis home’ project is to provide support to over 500 head porters (Kayayeis)...
The outgoing Chinese Ambassador to Ghana, Shi Ting Wang, has stated that the Chinese community in Ghana will continue to support the government of Ghana’s effort in fighting the novel, Coronavirus.
He further stated that the COVID-19 global pandemic is the most extensive to afflict humanity in a century. A...
The Sekondi-Takoradi Chamber Commence and Industry (STCCI) has signed a Memorandum of Understanding (MOU) with the Takoradi Technical University (TTU) to promote human capital through research, and to bridge the gap between academia and industry.
The MoU seeks to conduct joint research, offer consultancy services for both institutions, exchange information/documentation,...
The Noguchi Memorial Institute for Medical Research at the University of Ghana has taken delivery of some rapid test kits, a donation from Omnifert in support of the fight against COVID-19.
Omnifert (Omini Speciality Products) is a wholly indigenous Ghanaian-owned company based in Accra that focuses on improving the crop...