Government has appointed an interim management team to steer the affairs of the Tema Oil Refinery (TOR), following the dismissal of the refinery’s Managing Director, Francis Boateng and his deputy, Ato Morrison. The three-member interim committee includes Nobert Cormla-Djamposu Anku as chairman and William Ntim Boadu and Okyere Baffuor Sarpong. TOR,...
The African Centre for Economic Transformation (ACET) is strongly recommending a comprehensive national policy for the Export Processing Zones (EPZ) since it has basically failed to deliver the economic benefits associated with its implementation. ACET’s report shows that the country’s EPZ structure lags behind in many aspects of the objectives...
A new digital system has enabled the Ghana Revenue Authority (GRA) to add more than GH¢1billion to the government’s revenue in just ten months of its implementation. The platform is an end-to-end Electronic Metering Management System (EMMS) solution that gives real-time visibility and transparency to major stakeholders such as GRA...
In order to reinforce the idea of burden-sharing in these crucial economic times that the country finds itself, the executive arm of government is seriously contemplating either stagnating or cutting down on its wages, as a means to show leadership and rally all Ghanaians along the path of economic...
The National Pensions Regulatory Authority (NPRA) is worried that unless there is an increase in the number of active working Ghanaians contributing towards retirement, demand for public sponsored social interventions could rise in the coming years. Government allocates around GH¢270 million to the Livelihood Empowerment Against Poverty (LEAP) programme yearly,...
Last year, President Akufo-Addo inaugurated the Ghana Tree Crops Development Authority (TCDA) to develop and promote tree crops other than cocoa to diversify the country’s agriculture. However, the Bono Regional Minister-designate, Justina Owusu-Banahene, taking her turn at the vetting of the Appointments Committee of Parliament last week stated that the...
Today’s budget statement is expected to provide a blueprint that will salvage the economy from the effects of the COVID-19 pandemic. This is particularly so when the country’s finances are not in the best of health. The Trades Union Congress, as part of its proposals for the 2021 budget statement,...
Dr Ngozi Okonjo-Iweala, a former finance minister of Nigeria has been nominated to as the first African boss of WTO. Congratulations Madam, you have done Africa proud. Indeed, Dr Okonjo-Iweala is not only the first African to hold that coveted position but is also the first woman to occupy that...
A ruling by the International Court of Arbitration ordering the government to Ghana to pay to “GPGC the full value of the Early Termination Payment, together with Mobilisation, Demobilization and preservation and maintenance costs” is quite disconcerting, to say the least. In effect, the International Court of Arbitration has awarded...
The issue of Parliamentarians testing positive for the COVID-19 virus must not be treated with kid gloves. Speaker of Parliament Alban Bagbin made the disclosure last week, and since then it has been an issue on everyone’s lips. It is not that Parliamentarians are not expected to be infected, but...