…IMF wants it added to public debt
The Ghana Cocoa Board (COCOBOD) is currently exploring options to refinance its debt, which was 2.5 percent of GDP at end-2020 and includes a longer-term forex (FX) collateralised loan.
According to the International Monetary Fund’s (IMF) 2021 Article IV report, this has become necessary in...
GOIL Company Limited has opened its 410th station at Darkuman in Accra, with a promise to reach all underserved communities across the country.
Group CEO and Managing Director of GOIL Company Limited, Mr. Kwame Osei Prempeh, disclosed this when he officially opened the modern one-stop shop service station near the...
…produces 1,033,132.19 metric tonnes for the 2020/2021 crop season
Ghana has achieved a new cocoa production record of 1,033,132.19 metric tonnes for the 2020/2021 crop season – beating a 10 year-record production of 1,024,000 metric tonnes in the 2010/2011 crop season, COCOBOD has announced.
With about six weeks to end the...
Puma Energy, a leading multinational oil marketing company in Ghana, has added another branch to its nationwide rollout. The new Pantang retail service station adds to over 80 retail sites nationwide.
The Pantang retail service station was officially opened to the public with the ever-present Puma Energy top-tier customer service...
A 1,000-day period without Lost Time Injury (LTI) in the petroleum industry is impossible, critics will say - but Tema Tank Farm Limited (TTF), a subsidiary of Chase Logistics Group Limited, has proven critics wrong by achieving the milestone of 1,000 days without LTI in its operations.
This significant achievement...
The Managing Director for Tullow Ghana, Wissam Al Monthiry, has reiterated Tullow’s intent and commitment to continue investing in Ghana through its ambitious Ghana Value Maximisation plan.
Under the plan, Tullow and its partners will invest over US$4billion over the next 10 years to maximise value from the Jubilee and...
Many things are admirable about Ghana, compared to our neighbouring countries. Among these are free speech, fair elections, peaceful transitions of power, and an empowered civil society. In some ways, Ghana has more in common with the United States' democracy than many countries on our continent.
However, in the not...
...say it’s smokescreen to redirect billions
The proposed joint operatorship deal between the Ghana National Petroleum Corporation (GNPC) and Norwegian company, Aker Energy will increase Ghana’s debt by 5 percent, a collation of civil society organisations (CSOs), have said.
The 15-member strong CSOs said the deal which the GNPC is...
The two-world leading producers of cocoa, Ghana and Cote d’Ivoire have agreed to the establishment of an office, in Ghana, responsible for the implementation of the Living Income Differential (LID), a major cocoa initiative aimed at addressing the poor living conditions among cocoa farmers.
The signing of the bilateral agreement...