Large corporate organisations and public-sector institutions can receive instant payment electronically if they sign onto the e-bills pay system introduced by the Ghana Interbank Payment and Settlement System (GhIPSS). This should address payment challenges and improve efficiency at these organisations.
The e-bills pay system is targetted at large organisations such...
The National Petroleum Authority (NPA), has expressed displeasure at some groups’ decision to demonstrate against recent increases in prices of petroleum products at the pump by some oil marketing companies.
Following reports of the Chamber of Petroleum Consumers (COPEC) and Industrial and Commercial Workers Union (ICU)’s intended demonstration this week,...
Brussels Airlines, an airline giant has made changes to its top management, appointing Christina Foerster as it new Chief Executive Officer effective April 1, 2018.
She becomes the first-ever female to head a Lufthansa Group airline replacing Bernard Gustin who has been at the position since June 1, 2012.
In a...
Government has launched a public register of petroleum contracts, agreements, authorisations and permits in a bid to enhance transparency and accountability in the upstream oil and gas sector.
The register, which was curated by senior staff of the Petroleum Commission, is hosted via a web portal and presently contains 17...
Fiscal policy think-tank, the Institute for Fiscal Studies (IFS), has commended plans by government to hedge the country’s oil imports as part of moves to ensure some form of price stability.
Speaking at a press conference in Accra, Prof. Newman Kusi-Executive Director of the institute, said the development is a...
The National Accreditation Board (NAB) has said it lacks the power to close down the close-to-50 unaccredited tertiary institutions it has identified.
Following a recent publication in the B&FT on the said unaccredited institutions, there have been calls for the board to deal with such institutions instead of simply publishing...
Prudential Bank and UBA have offered the Cocoa Processing Company Limited (CPC) US$5million and US$10million guarantees respectively, to enable the leading cocoa processor to purchase cocoa beans for the production of chocolate and other cocoa products for export and local consumption.
Nana Agyenim Boateng, Managing Director of the company, disclosed...
The lawyer for the Millennium Excellence Foundation (MEF), Charles Zwennes has indicated that they will be considering their options including a court action to clear their soiled reputation over allegations of extortion at the Ghana Expatriate Business Awards held in December last year.
“The propagation of such irresponsible and destructive...
The Minority walked out from Parliament over the “cash for seat” Committee report following investigations into claims that the Trade Ministry extorted $100,000 from expatriates to allow them to sit close to the President during the Ghana Expatriates Business Awards in December 2017.
They indicated that most of the MPs...