The Omanhene of Asokore Asante in the Ashanti Region, Nana Dr. S.K.B. Asante, has charged government to begin consulting and involving chiefs in the issuance of licences to Artisanal and Small-Scale miners in particular. According to the astute legal luminary, chiefs are the best way to provide legitimate advice and...
The central bank has said it intends to expand its supervisory scope to cover holding companies in the financial services space, including those which have subsidiaries in the insurance, pensions and capital market sub-sectors. Speaking at the official launch of The Beige Bank, central bank Governor, Ernest Yedu Addison, said...
Goldfields Ghana Limited has said its decision to change from owner mining to contract mining at its Tarkwa mine does not mean an automatic dismissal of the over 2000 workers who are in court to seek relief. The company’s Vice President and Head of HR for West Africa, Francis Eduku,...
The Karadeniz Energy Group has given indication it will use its “strong operating base in Ghana,” to spearhead its expansion into the West African sub-region, and the African continent at large. Talking about the company’s future at the official commissioning of the 470MW Osman Khan powership at the Tema Fishing...
Memorandum of Understanding for combined cycle power plant with a capacity of 660 megawatts Total investment volume of more than US$500million Siemens and Rotan Power have signed a memorandum of understanding (MoU) to develop and build a combined cycle power plant with a capacity of 660 megawatts (MW) at...
The removal of import duties on spare-parts and other items will begin in 2018, the Ghana Revenue Authority (GRA) has said. This due to completion of the processes and legal framework necessary for implementation of the decision announced by government in its 2017 budget. It also follows the expected operationisation of...
First National Bank Ghana, a subsidiary of the FirstRand group of South Africa, has introduced its merchant-acquiring solution into Ghana. Commonly known as a Point of Sale (PoS) device, this will be available to all qualifying businesses such as retail outlets, fuel stations, restaurants, churches etc. As one of the...
The maiden edition of the Barclays Africa Group Financial Markets Index has ranked the capacity of local investors in the country among the lowest of 17 financial markets on the continent. The survey, conducted in collaboration with Official Monetary and Financial Institutions Forum (OMFIF) and launched in Accra last week,...
The Central Bank has placed a freeze on licensing of new banks and other financial institutions as part of its aim to strengthen supervision, which will come as a blow to investors seeking to enter the financial space without recourse to existing institutions. “To rationalise the banking sector to ensure...
Africa World Airlines (AWA) has submitted a proposal and held discussions with the Aviation Ministry to be designated as the country’s flag-carrier, Togbe Afede XIV - Co-Chairman of AWA and Chief of Asogli State - has said. When designated as the national flag-carrier, AWA will be able to operate flights...