BUSINESS

The country lost about GH¢19 million to fire outbreaks between January and September this year. According to the Ghana National Fire Service (GNFS), this had come about as the consequence of 4,476 fire outbreaks that were recorded within the period. From statistics made available by the service, the fire incidents also claimed 271 lives and left 1,714 persons with varying ...

The Kotoka International Airport on Monday witness the dramatic traditional water cannon salute to the return of Air Senegal to Ghana after years of withdrawal with the introduction of its maiden direct between Accra and Dakar. The Maiden flight A319 touched down on Monday, December 16, with 62 passengers. It would fly to Ghana four times in a week on ...

Menzgold will today announce a payment plan and schedule fo payment for its numerous customers whose investments are held up with the company. It comes after the company invited the customers to visit their respective outlets to validate their documents in November. The CEO of the company Nana Appiah Mensah, ahead of today’s planned announcement, asked customer groups to forward ...

Any thoughts that BoG has been acting independently should be finally out to rest based on new documents that have been obtained from confidential sources. As early as June 2018, six months before the deadline to raise an additional 280 Million in minimum capital, the Minister of Finance went to Akuffo Addo’s cabinet with his plans to revoke the license ...

The Ministry of Food and Agriculture (MoFA) and the National Food Buffer Stock Company (NAFCO) have disclosed plans to rope in all senior high schools in the country into a 100 per cent consumption of locally produced rice by the next academic year. Addressing the media in Accra, the CEO of NAFCO, Hanan Andul-Wahab stated that government will feed all ...

The Minority in Parliament is threatening to drag the government of Ghana to court over the 100 per cent hike of the BOST margin. They are also demanding its immediate reversal. The National Petroleum Authority (NPA) on Friday, 13 December 2019 directed OMCs and LPG marketing companies (LPG-MCs) to apply an upward review of a combined 4 pesewa increase to ...

The Chamber of Petroleum Consumers has threatened legal action against the National Petroleum Authority (NPA) over a directive to oil marketers to increase fuel prices at the pumps. This directive according to COPEC is illegal and unconstitutional and must be reversed immediately else face court tomorrow. According to the chamber, the NPA wrote to Petroleum Service Providers notifying them of ...

The Chamber of Petroleum Consumers has hinted of another upward adjustment in fuel prices at the pumps. According to the chamber, the National Petroleum Authority (NPA) has written to Petroleum Service Providers notifying them of an adjustment “some elements on the already high petroleum price build-up and fuel prices”. Fuel prices went up only last week. “Our attention has been ...

An Energy and Financial expert has downplayed the US$170 million savings as claimed by President Nana Akufo Addo for the change of fuel from HFO to natural gas from Ghana’s Eni operated Sankofa Gye Nyame (SGN) oilfield are fabricated. Mr Alex Mould, who was part of the initial arrangement for the Karpowership Purchase Agreement and the fixing of the pricing ...

Ghana and China have signed a grant agreement for US$42.62 million for the implementation of economic and technical projects to be agreed on by the two sides for their mutual benefit. Mr Ken Ofori-Atta, the Minister of Finance and Mr Shi Ting Wang, the Chinese Ambassador initialed the deal on behalf of their respective countries. Commenting, Mr Ofori-Atta acknowledged the ...