Shareholders of oil marketing giant GOIL have approved the nomination of four new members at a virtual Extraordinary General Meeting (EGM) held in Accra. The new Board members - Reginald Daniel Laryea, Mr. John Boadu and Angela Forson, all government representatives, and Mr. Edwin Provencal, BOST representative, were ratified to...
The newly constituted board of GOIL Company Limited (GOIL) has said it will prioritise growing the firm's profit by strengthening proper systems, efficiency while reducing waste. GOIL’s profit after tax in 2020 dropped to GH¢90.03 million down by 14.5 percent compared to the previous year’s GH¢105.5million. But the new board, chaired...
GOIL Company Limited has opened two stations in Accra and Keta. It is part of a strategy to make readily available the company’s quality products to customers countrywide. The first service station is in Accra near the Circle overpass and the popular Obra spot. The new station has two pump...
Just like many other countries around the world, oil palm is aboriginal to Ghana. This is because, the country’s weather and apt soil conditions allow for its vast production. Oil palm is a local staple food for Ghanaians of all cultural backgrounds and have created job opportunities for many...
President Nana Addo Dankwa Akufo-Addo has made a firm commitment to ensuring a peaceful resolution of the Eni Ghana and Springfield dispute. Speaking at the maiden edition of the ‘Ellembelle Business Expo’ organised under the theme ‘Harnessing Our Investment Opportunities for a Sustainable Job Creation in Ellembelle’ as the Special...
seeks US$1.5bn for the 2021/2022 season The Chief Executive Officer of COCOBOD, Joseph Boahen Aidoo, has indicated that despite the dreadful impact of COVID-19 on economic activities, cocoa production for the 2020/2021 crop season far exceeded its projected target - rendering the syndicated loan secured for the crop...
One of the main sources of animal protein for many households in Ghana comes from frozen Chicken (Kwadzo et al., 2013). According to the United States development agency (USDA, 2017) , one of Ghana’s most consumed and highly preferred animal proteins is frozen chicken. As much as there is...
The Ghana National Petroleum Corporation (GNPC), through its subsidiary, Exploration and Production Company Limited (GNPC Explorco) plans to buy a 37 percent interest in Deep Water Tano/Cape Three Points (DWT/CTP) owned by Aker Energy Ghana Limited and 70 percent stake in the South Deep Water Tano (SDWT) operated by AGM Petroleum Ghana Limited. The deal came to public knowledge after Energy Minister, Dr. Matthew Opoku Prempeh requested parliament to approve loan of US$1.65 million...
Puma Energy Ghana has opened a new retail service station at Odorkor. The branch is an addition to the multinational oil marketing company’s expansive nationwide roll-out. It is the third in recent times, after Pantang and Westland were also officially opened to the public. The Odorkor station like the others...
The amount of US$1,569,839 (GH¢7,294,572) budget that was released into COCOBOD’s Farmers’ Wards Scholarship Trust Fund for two academic years, 2017/2018 and 2018/2019 has been misapplied, the 2020 Auditor General’s (AG) report has revealed. The 2017/18 and 2018/19 Parliament approved budgets for assessment of the syndicated loan, which showed that...