Minister for Energy, Boakye Agyarko, is hopeful that within the next 18months, 50 megawatts of solar power will be added to the national grid to augment country’s energy delivery. Speaking to B&FT after the signing of Memorandum of Understanding on renewable energy between the government and ENI Ghana, Mr. Agyarko...
Ghana’s Parliament has amended the Special Petroleum Tax (SPT) by passing the Special Petroleum Tax Amendment Bill to reduce the tax from 15 percent to 13 percent. The passage of the amendment now plugs in the SPT levy as a static from the initial arrangement which saw the tax also...
Deputy Minister of Energy, responsible for Petroleum, Dr. Mohammed Amin Adam, has disclosed that government has decided to pursue an Aggressive Exploration Campaign in a bid to safeguard reserves and sustain production in the upstream oil and gas sector. Speaking to journalists at the launch of the Petroleum Register, he...
The decline in headline inflation for January to 10.3 percent is likely to push the central bank to continue its reduction in the monetary policy rate, Barclays Africa has said. According to a release by the research arm of the bank, “the deceleration in inflation will have been positively received...
Commercial drivers and stakeholders in the road safety space have commended Guinness Ghana Breweries Limited (GGBL), for its drink driving education programme. Speaking at the closing ceremony of the 5th edition of Twa Kwan no Mmom, the company’s annual behavioral campaign held at the Achimota Bus Terminal, they applauded the...
A constitutional and petroleum law expert, Prof. Raymond Atuguba, has questioned the constitutionality of the Petroleum Exploration and Production Act, 2016 (Act 919) which gave rise to the multi-billion-dollar contract recently signed between government and Exxonmobil. According to Prof. Atuguba, the 1992 constitution vests the management of the petroleum resources...
Teachers who abandon the classroom after enjoying study leave with pay, at the expense of the tax payer, are depleting classrooms across the country, and should be denied jobs when they seek one in other public institutions, the Teachers and Educational Workers Union (TEWU) has said. Government, the union said,...
Valentine’s Day February 14 2018 was a dream come true for the 10 couples that were joined in Holy Matrimony at the annual Happy FM Dream Wedding. The plush ceremony which was held at Cleaver House in Accra, evolved from the popular Happy FM Valentine Mass Wedding event. The loved...
The long-awaited premium cinema facility, the Watch-and-Dine Cinema, located inside Kumasi’s most coveted destination for affordable one-stop shopping and recreation, Kumasi City Mall, has officially been opened to the public at a short but colorful ceremony. The opening of the facility is expected to contribute significantly to revive the local...
To spur local innovation and entrepreneurship, intellectual property rights must provide flexible protection for local businesses, Open Africa Innovation Research (AIR), a global research network, has said. A well-fashioned intellectual property regime, it said, could be the catalyst for building sustainable local businesses with positive social impact on the economy. “We...