BUSINESS

Local engineers at the Ghana National Gas Company (Ghana Gas) have finally taken over technical operations of the country’s premier natural gas processing plant at Atuabo in the Western Region. Consequently, the company has dispensed with the services of expatriate engineers and Sinopec, a Chinese company, which had been in charge of operations of the Atuabo Gas Processing Plant (GPP) ...

The banking industry average base rate as at the end of March stood at 26.7%, data from the Bank of Ghana has shown. The data indicates a drop of 0.9 percent in the base rate from the month- end January rate of 27.6%. The data is contained in the Central Bank’s latest data on Annual Percentage Rates (APR) of interest ...

Staff of the National Insurance Commission (NIC) have denied chasing the Insurance Commissioner Lydia Lariba Bawa as reported by some media establishments recently. They pointed out in a statement that at no time did such a thing happen, stressing that they did not also petition the President regarding the Commissioner’s performance. Their relationship with the lady, they said, has been ...

The statement sparked celebrations in Abossey Okai, the spare part hub of the capital, Accra. Government explained the move is part of a campaign pledge to ensure that Ghana becomes the most business-friendly country in Africa. It has been 46 days since the March 2,2017 announcement but the reliefs have not taken effect. Chairman of the Association, Joseph Paddy who ...

The US$2.25 billion domestic bond issued recently by the government of Ghana did not need to go to parliament for approval, Minister of Monitoring and Evaluation, Dr Anthony Akoto Osei has said in response to a demand by the Minority in Parliament that the bond issue should have gone to the chamber. Also, the Minority in Parliament said Mr Trevor ...

President Nana Akufo-Addo will on Wednesday launch his government’s agricultural flagship programme, Planting for Food and Jobs in Goaso, in the Brong Ahafo Region. Some 200,000 farmers in the region are set to benefit when the programme rolls out. In the 2017 budget, the government earmarked GH?560 million for the initiative expected to create over 70, 000 jobs. The Minister ...

The 2017 world Bank/IMF spring meetings are currently ongoing in the United States capital of Washington DC. The event scheduled from April 18 to April 23 is expected to host thousands of people from governments, civil society, academia, media, financial institutions and the private sector to discuss trade, business, financial policies and global economic and development issues. World Economic Outlook ...

Finance Minister, Ken Ofori Attta has ordered the removal of 26 589 names of public workers from the government’s payroll. “Those affected have not been registered on the new SSNIT biometric system, despite several directives to do so,” the Ministry clarified in a statement. Mr. Ofori Atta during the presentation of the 2017 budget vowed to protect the public purse ...

Telecom giant, MTN Ghana says it is happy about the high patronage its Apps Challenge projects have received. MTN has partnered with industry experts to commercialize all viable Apps Challenge projects through a strategic initiative called Katapult. Some of these apps recording impressive downloads include Oware 3D, Buzz Trick and Wheelo. The network on Tuesday presented 20 laptops and other ...

The Chairman of the Economic Management Team, Vice President Dr. Mahamudu Bawumia and the Finance Minister Ken Ofori-Atta are leading a government delegation to the IMF/World Bank Spring Meetings. The delegation is also made up of officials from the Bank of Ghana led by the Governor, Dr. Ernest Kwamina Yedu Addison; the Chairman of the Finance Committee in Parliament, Dr. Mark Assibey ...