The Institute for Fiscal Studies (IFS) has said the over-GH¢2.7billion shortfall in government’s domestic revenue in the first half of this year must trigger an extensive strategy to boost government’s domestic revenue. Executive Director of the policy think-tank, Prof. Newman Kusi - speaking at the institute’s 2018 pre-budget forum -...
The first tranche of GH¢6 billion of the GH¢10 billion energy bond, which saw bids open yesterday, is expected to deepen the local corporate bond market. With a total of GH¢36.64billion corporate and government bonds and notes listed on the Ghana Stock Exchange (GSE), only GH¢570.55million - representing 1.56 percent...
Deputy Minister of Food and Agriculture, Dr. Sagre Bambangi has Parliament that  government has so far expended about GH₵10m on insecticides procurement in a bid to combat the Fall armyworm(FAW) outbreaks throughout the country. He told Members of Parliament, when he was asked a question by Member of Parliament for...
An issue under current discussion is whether Ghana should add the ESLA-backed Energy Bond it is about to issue to public debt, instead of remaining on VRA’s Balance Sheet—as assigned to a special purpose vehicle (SPV) called ESLA Plc. ESLA means Energy Sector Levy Act, 2015 (Act 899). Ghana has...
Government, private sector, and non-profit actors to convene in Accra The Mastercard Foundation today announced that its fifth annual and largest Symposium on Financial Inclusion (SoFI) will take place in Accra, Ghana, on November 7 – 9, 2017. The Symposium champions the idea that, to achieve greater financial inclusion, financial service...
Mr. Benjamin Boakye, Executive Director of African Centre for Energy policy (ACEP), has said more than 700, Ghanaian businesses have in the past 10 years registered with the Petroleum Commission. Mr Boakye said this during the 6th public session of Citizens Advisory Council in Takoradi. The session was organised by Western...
Dr Kwabena Donkor, former Minister of Power, has said that there is still an opportunity for government to engage AMERI Energy over possible review of the terms of the power purchase agreement. According to him, it was wrong for the government to criminalise other parties in the deal before engaging...
AMERI Energy has said it gave Ghana value for money in the US$510 million power plants it supplied the country during the acute power crisis. AMERI, in a statement ahead of a scheduled meeting with the Energy Committee of Parliament, said even though they are confident of the integrity of...
The acting Managing Director (MD) of the Electricity Company of Ghana (ECG), Ing Samuel Boakye Appiah, has said the company will construct more customer service centres in the near future to improve its service delivery. The Company has commissioned a total of 11 customer service centres in some selected districts...
It would cost government more than US$420 million to roll out solar power generation in all second cycle schools across the country. This amount, however, would not include subsequent maintenance of the equipment. The Deputy Director of Renewable Energy at the Ministry of Energy, Seth Mahu who disclosed this indicated that...