BUSINESS

Springfield Exploration and Production Limited says its attention has been drawn to various print and electronic media publications on the topic of the unitisation of the Afina and Sankofa fields, with statements attributed to Eni Ghana Exploration and Production Limited as well as to ACEP, PIAC and IES. It said the publications contained some inaccuracies and innuendos, which have made ...

The Government of Ghana and the International Finance Corporation (IFC) are to hold a retreat. A statement issued by the Ministry of Finance made this known. According to the statement, the two-day retreat aims to discuss ways in which resources could be aligned to critical areas under the Ghana CAREs Obaatanpa Programme. It said the retreat will be held from ...

The President, Nana Addo Dankwa Akufo-Addo, has announced that the next phase of Ghana’s waste management is to convert trash to energy. He indicated this will add to Ghana’s energy capacity and also ensure the realisation of clean Ghana agenda. According to him, the government has provided an enabling environment through the Public Private Partnership (PPP) to make this work. ...

Ecobank Transnational Incorporated (“ETI”), the parent company of the Ecobank Group, the leading Pan-African banking group with banking operations in 33 countries has notified the Nigerian Exchange Limited, the Ghana Stock Exchange and the Bourse Régionale des Valeurs Mobilières that it is seeking to raise US$300 million from the international debt capital markets through the issuance of tier-2 qualifying Sustainability ...

Dr Papa Kwesi Nduom’s party, the Progressive People’s Party (PPP), has tackled the Governor of the Bank of Ghana, Dr Ernest Addison, for saying a recent suit by US-based company Birim Group LLC against Groupe Nduom, the parent company of GN Bank and Dr Nduom’s family, is a vindication of the central bank’s clean-up exercise which resulted in the collapse ...

United Bank for Africa Plc (UBA) and DEG – Deutsche Investitions-und Entwicklungsgesellschaft mbH, the German Development Finance Institution – recently signed a USD 50m Term Facility Agreement. The facility has a tenor of six years and supports UBA’s lending activities to small and medium entities and family-owned businesses in the Federal Republic of Nigeria. UBA is a leading pan-African financial ...

THE AFRICAN Development Bank (AfDB) Group and Ghana’s Securities and Exchange Commission (SEC) have launched a $400,000 project to strengthen the development of Ghanaian capital markets. This follows the signing of a grant agreement to develop a risk-based supervisory solution for the local capital market. The grant, from the African Development Bank’s Capital Markets Development Trust Fund, will finance the ...

The Minister for Finance, Ken Ofori-Atta has called on the youth who are the ‘country’s resource envelop’ to take advantage of government initiatives and programmes such as the Ghana CARES Obaatanpa programme and initiatives by the NBSSI and the NIEP. These initiatives are designed to provide the youth with access to finance and skills in entrepreneurship, agriculture, small scale industries, ...

The Ghana Private Road Transport Union (GPRTU) has urged Ghanaians to be grateful for the 13 percent increment in transport fares. According to the union, other transport unions had proposed a thirty percent increment instead. The GPRTU and Road Transport Coordinating Council announced an increment in transport fares on Wednesday, which will be in effect from Saturday, June 5. This ...

The Ghana National Petroleum Corporation (GNPC) has been urged to position itself to become a stand-alone operator and take advantage of the current ‘energy transition’ regime to diversify its portfolio. It is expected to have some reserves (savings monetary wise) to be able to do the above. Globally, a chunk of the major oil companies such as Shell, Exxon Mobil ...