BUSINESS

Dr. K. K. Sarpong, the Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC) said the Corporation was keen to build the research and technology base of the country in advancing its development. He said industries could only do well based on quality research and innovations from academia and therefore instituting a professorial chair to increase research was only ...

Ghana’s steady socio-economic development over the past few years has made it one of Africa’s fastest growing success stories, but in order to compete with the world’s strongest nations more investment in energy infrastructure and skills development is required. With the prospect of an even better Ghana on the cards, organizations in collaboration with government institutions have an opportunity and ...

The Mauritius Ambassador to the USA, H.E. Soorooj Phokeer, has offered to assist Groupe Nduom to invest in productive and profitable ventures in Mauritius. Ambassador Phokeer was speaking at the official commissioning of the Groupe Nduom office building in the Metro Washington area, specifically, Alexandria, Virginia. Ambassador Phokeer was speaking at the official commissioning of the Groupe Nduom office building ...

As President Nana Akufo-Addo prepares to set up a committee to look into a petition presented by the Association of Indigenous Banks to extend the deadline of the minimum capital requirement, members of the Association are accusing present and past governments of deliberately stifling the growth of local banks. They argue that governments have consistently overlooked the efforts of local ...

The government of Ghana has been handed the Eastern Corridor Fiber Optic project. The project is expected to expand communication links between Ghana’s Coastal line and Northern Boundary to Burkina Faso and it would improve communications links for central and regional administration offices in support of the national e-Ghana programme initiative. Minister of Communications, Ursula Owusu-Ekuful announced on her Facebook ...

The Institute for Energy Studies (IES) is predicting a hike in fuel prices this month. “Guided by the fundamental indicators such as rise in price of Gasoline, Gasoil and Brent crude on the international oil market, the country’s fuel stock as well as the fair-stability of the country’s local currency against the U.S. Dollar; the Institute for Energy Security (IES) ...

Ghana’s cocoa regulator, COCOBOD, wants to use the bulk of $600 million in finance that it’s planning to raise for the sector on projects to increase local processing and to replant diseased trees. The world’s second-biggest cocoa producer also wants to spend funds on the rehabilitation of neglected farms, a project to pollinate trees by hand and to expand warehouse ...

The Council of State has advised local banks to consider merging in order to meet the new capital requirement by the Central Bank. It comes after the banks petitioned the Presidency and the Council of State over the amount and timelines to achieve the new capital requirement. The central bank last year raised the minimum capital requirement to GH¢400 million, ...

The Vice Chairman of the Public Interest and Accountability Committee (PIAC) is lamenting the continues failure by successive Finance Ministers to provide an update on how they allocate projects funded by oil cash. Dr Thomas Kojo Stephens is worried the failure of the current Finance Ministry and the previous ones to account for their allocation of oil funds could stifle ...

The Ghana Investment Promotion Centre (GIPC) has yet again won the award for Best Investment Promotion Agency in West and Central Africa. The award received at this year’s Annual Investment Meeting (AIM) 2018 Awards Gala Dinner, held on Monday at the Burj Khalifa in Dubai, is the Centre’s Best Investment Award for the second time in a row at the annual event. ...