The country’s largest power producer, the Volta River Authority (VRA), is seeking to privatize most of its non-core businesses, as the Authority strategises to become one of the leading power producers in the sub-region.
The initiative is also meant to ensure a more transparent budgeting for tariff requests by the...
The Bank of Ghana has blocked plans by the Ghana Interbank Payment and Settlement Systems (GhIPSS) to offload part of its shares to commercial banks in the country, a source close to the botched deal has told the B&FT.
GhIPSS, a wholly-owned subsidiary of the central bank, has often spoken...
There’s a great deal of over concentrated development in the urban cities of Ghana at the detriment of the development of rural areas such as the Akohia Siase and Akohia Yiti communities which I visited in the Eastern Region of Ghana.
These communities, like most other rural areas in Ghana...
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...