Demand removal of GNPC CEO & Board Chair The Civil Society Organisations (CSOs) Coalition on Extractive Governance has raised concerns over attempts by the Ghana National Petroleum Corporation (GNPC) to sell a 50 percent stake of Jubilee Oil Holding Limited (JOHL) to PetroSA, a South African firm. JOHL, a subsidiary...
The Managing Director of FBNBank Ghana, Mr. Victor Yaw Asante, has been awarded the “CEO of the Year”, Banking and Finance category, at the Ghana-West Africa Business Excellence Awards over the weekend at the Movenpick Ambassador Hotel. The purpose of the awards is to bring together business players and recognise...
A knowledge partner of the 7th CEO Summit, Deloitte Ghana, has urged government to leverage the International Monetary Fund programme to develop a long-term growth agenda for the country. This, it believes, is crucial in an effort to wean the economy off significant donor dependence in the medium- to long-term....
I keenly followed the recently organised Money Summit 2023 held by the Business and Financial Times (B&FT). A couple of important historical and prospective issues were discussed during the summit, throwing deep insight into key topics that need further enlightening due to their pervasive nature. One such issue is...
Newmont Africa says that in the first quarter of 2023, its Ghana operations (Ahafo South and Akyem mines) paid a total of GH¢843.72million in taxes, royalties, and levies to government through the Ghana Revenue Authority (GRA), Forestry Commission and Ministry of Finance. This amount is broken down into Corporate Tax...
There are positive signs of recovery in the country's banking sector following a challenging 2022, Bank of Ghana (BoG) Governor Dr. Ernest Addison has revealed. Speaking during a press briefing at the 112th Monetary Policy Committee’s (MPC) conclusion in Accra, he said despite the Domestic Debt Exchange Programme’s (DDEP) impact...
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has opted to keep the key monetary policy rate unchanged at 29.5 percent, citing rapid easing of underlying inflationary pressures and decreasing inflation expectations. This decision comes amid calls from the International Monetary Fund (IMF) for the central bank...
The Managing Director of Bulk Oil Storage and Transportation (BOST), Edwin Provencal, has been named bulk oil distribution sector Chief Executive Officer of the Year. This is in recognition of his sterling leadership, achievement, business excellence and professionalism over the last year in the bulk oil distribution sector of the...
The biggest independent tower company (towerco) in the country, ATC Ghana, has said that it did not cut off Surfline and Busy Ghana but had to discontinue pre-financing electricity bills and fuel cost for their equipment, because the two have for several years refused to meet their financial obligations...
Government has lifted all restrictions imposed at the country’s entry points aimed at curbing the importation and spread of the deadly Coronavirus (COVID-19) pandemic. This, according to the Director-General of the Ghana Health Service (GHS) Dr. Patrick Kuma-Aboagye, means pre-departure testing and tests at all entry points of the country...