Board Chairman of the Public Procurement Authority (PPA), Prof. Douglas Boateng, has underlined the need for further review of the authority’s regulations to make it compulsory for procurement practitioners to be licenced to operate. That, he said, is the best way to ensure ethical standards within the procurement practice and...
Some communities in the Northern Regions are expected to benefit from government’s One Village, One Dam programme when it commences in December. According to the Deputy Food and Agriculture Minister, Dr. Sagre Bambangi, the programme is expected to commence in the dry season, which is expected sometime in December 2017. “In...
The fate of hundreds of workers at communication entity Airtel-Tigo is hanging in the balance as they begin an audition process to keep their jobs following finalisation of the merger between the two telcos. Sources close to the merged entity have told the B&FT that in the coming days workers...
120 deaths, 635 injuries in 10 years Absence of rigorous standards and regulation blamed The nation has since 2007 recorded 120 deaths and 635 injuries from gas explosions, aside from the unquantified economic and social costs running into millions of Ghana cedis. The latest incident at Mansco LPG filling station...
The central bank says government’s inability to meet its projected revenue performance poses considerable danger to government’s fiscal consolidation efforts. Revenue and grants performance for the first seven months of the year – GH¢20.8billion is more than GH¢3.2billion short of the GH¢24billion target for the period under review. According to the...
The Ministry of Trade and Industry and the Ghana Export Promotion Authority (GEPA) are to promote locally-made handicrafts as a major export commodity on the international market. The collaboration, which is expected to generate an estimated US$1billion a year, forms part of a broader strategy of promoting made-in-Ghana products globally. Products...
Kumasi and Sogakope will be the beneficiaries of sugar-processing and cylinder-manufacturing factories respectively to be set-up by Chinese company, Sky Team Ningbo. The sugar-processing factory in Sogakope has already taken-off, and according to the CEO of the Sky Team Group, Annie Shen, the company is looking forward to making an...
As the country moves to firm-up its development and utilisation of renewable energy potential, the Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCo) have been given December as the deadline to submit business models for the integration of distributed renewable energy generation. Vice President Dr. Mahamudu...
General stability in food prices has marginally cut the Consumer Price Index for September by a 0.1 percentage point from the 12.3 percent recorded in August, the Ghana Statistical Service (GSS) has said. “In August, about four sub-groups in the food basket recorded rates higher than the group’s rate. But...
Indigenous banks are in a race against time to increase their total paid-up capital to GHS 400 million before the December 31, 2018 deadline set by the central bank of Ghana. An analysis of the July 2017 paid-up capital, income surplus, and capital shortfall of banks reveals that decade-old major...