Maersk, APL, Hyundai race to build paperless cargo system Adoption of blockchain could generate $1 trillion in trade Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on...
The African Development Bank and the African Institute of Mathematics and Sciences (AIMS) have initiated a landmark relationship aimed at building an industry-led research institution in the league of the Massachusetts Institute of Technology. Former President of Nigeria, Olusegun Obasanjo, led a delegation of the High-Level Advisory Council of AIMS...
Moody’s ratings agency has said the decision by banks in the country to move away from short-term government securities to long-term securities is just about enough for these banks to cut their losses as interest rates on the short-term Treasury bills decline. The 91-day Treasury bill yield declined 753 basis...
Discussants at the official launch of the financial literacy and public awareness campaign on the Collateral Registry and Credit Reporting System have underscored the need to create more awareness about the two financial infrastructures, in order to reduce the high non-performing loans in the financial sector. The Collateral Registry and...
In what can be described as a step in stimulating responsible waste management practices, the Plastic Waste Management Programme has created a fund to cater for the increasing problem of plastic waste management. When fully disbursed, the fund will be able to cater for debts and logistics to make plastic...
The 2018 African Pulse Report by the World Bank has cautioned African governments to reduce their high appetite for borrowing from the markets, especially internationally, as it argues this poses significant risk to economies on the continent. “The composition of public debt has changed - away from traditional toward new...
A team of officers from the National Petroleum Authority (NPA) is in the Central Region visiting selected communities as part of a nationwide Door-to-Door LPG Safety Campaign. The team, from the Corporate Affairs Division, visited several eateries in the Mankessim, Komenda and Cape Coast areas, where vendors were educated on...
The Food and Drugs Authority (FDA) have cautioned manufacturers and importers of food, drug, and cosmetics that the distribution of products not labelled in English contravenes Section 4 Subsection 3 of the Ghana Standards Board (Food, Drugs and Other Goods) General Labelling Rules, 1992 L.I 1541. In a statement issued...
Six Tunisian stowaways have been arrested at the Port of Tema by the Port security in collaboration with the Ghana Immigration Service. The six were on board a vessel that came to berth at the Tema Port from the Port of La Goulette in Tunisia to discharge clinker. The stowaways were...
Collaborations between the Ghana Navy, Ghana Ports and Harbours Authority, Ghana Maritime Authority and some security agencies have led to the arrest of two Nigerian vessels and their crew members who were engaged in illegal transfer of crude oil in Ghana’s waters. Available information indicates that the vessels with the...