BUSINESS

Air Namibia’s much anticipated return to Ghana has been postponed. The postponement of flight operations in Ghana according to a press release from the company is due to “external factors; non-availability of departure slot at Kotoka airport.” As a result, the initial commencement flight scheduled for 22:05 hours on March 25, 2018 has been deferred to June 29, 2018 at ...

Ghana’s most awarded women empowerment initiative, Access Bank’s W, has once again recorded another milestone through its Maternal Health Support Scheme (MHSS). The Bank welcomed its first set of twins through a flexible loan financing package for IVF treatment for a Ghanaian couple two months ago. The scheme, which is designed to support women experience the joy of motherhood and ...

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 Authority to the Public Utilities Regulatory Commission (PURC) so that ...

The Annual Percentage Rates (APR) of interest charged on loans and credit advances and the Average Interest (AI) paid on deposits by banks for January stands at 25.6%. This represents a 0.1% drop from December 2017 figures of 25.7%. But when compared with the average base rate at the end of January 2017, the current figure represents a significant 2% ...

A policy analyst and Member of the Public Interest Accountability Committee Dr Steve Manteaw has debunked claims by the Energy Minister that the ExxonMobil agreement is the best ever agreement signed in the petroleum sector. Outlining the stake of government in contracts signed with previous companies Dr. Manteaw said ExxonMobil agreement cannot be said to be the best. “The ENI ...

Government is likely to release the seized heavy mining equipment belonging to Exton Cubic Company Ltd, this week, a source from the Attorney General’s department has disclosed The equipment were impounded at Nyinahin, in the Atwima Mponua District of the Ashanti region, under the instruction of Ashanti regional minister, Simon Osei Mensah. The decision to release the equipment to Exton ...

Ghana is hosting the 5th ECOWAS Presidential Task Force Meeting on the Single Currency Programme from the 17th – 21st February, 2018 at the Accra International Conference Centre. The four-day meeting is being chaired by Ghana’s President Nana Addo Dankwa Akufo-Addo. The President of the Federal Republic of Nigeria, H. E. Muhammadu Buhari; President of the Republic of Cote d’ ...

Fuel prices are expected to dip by 70 pesewas following the amendments of the bill on the Special Petroleum tax Thursday. This means one would be paying about GH¢4.50pesewas for a gallon of petrol beginning tomorrow (Friday February 16, 2018) instead of GH¢4.67pesewas. The president is expected to assent the bill today, Thursday February 15, 2018 so the adjustment could ...

Tullow has appointed Kweku Awotwi as Managing Director for its Ghana operations effective April 1, 2018. His appointment is coming on the heels of the impending retirement of the current MD Charles Darku. Darku leaves office after March 2018. Awotwi is an experienced international business executive with over 25 years’ experience working in the energy sector, electricity, oil and gas, ...

Japan Motors Trading Company Ltd (JMTC) has launched the new 2018 Nissan Qashqai, said to be the best selling crossover that delivers a range of premium design, technology and improved performance. With a significant enhancement of the car’s premium character, the new Qashqai focuses on a contemporary new exterior design, higher levels of interior quality and improved driving performance. Nissan’s ...