BUSINESS NEWS

The institute for energy policy and research has done extensive work on the Tema Oil Refinery (TOR) transaction with Torentco Asset Management Limited (TAML). The institute has published it findings in a press release signed by Kwadwo Poku, the Executive Director of the institute. The publication discusses the current state …

The Independent Power Producers (IPPs) have reminded Finance Minister, Ken Ofori-Atta, of their intention to cut power supply to the national grid from July 1, 2023. This was after an emergency meeting held on Tuesday, June 20, 2023. According to the Chamber of Independent Power Producers, calls on the government …

The Senior Staff Union of the Tema Oil Refinery has urged the general public to disregard recent ‘misinformation’ concerning the TOR-Torrentco proposed partnership. According to the Union, the architects of the ongoing propaganda against the partnership are “either being ignorant about the real facts or being sponsored by adversaries of …

The Consumer Protection Agency (CPA) has accused British Airways of charging Ghanaians seeking to buy airline tickets an additional $50 fee. Insisting that the extra fee is illegal, the CPA slammed British Airways in a statement and asked the firm to stop the charge with immediate effect. “CPA’s attention has …

The Bank of Ghana (BoG) has cautioned the public against the operation of some online Apps operating without authorization. 97 of such applications have thus been cited for engaging in unlicensed lending activities in contravention of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (930). “The Bank of Ghana reiterated …

Ghana is a country in West Africa that has experienced significant economic growth in recent years, largely due to the discovery of oil in its offshore waters. Ghana has been producing oil since 2010. The discovery of the Jubilee Field, the country’s first major commercial oil field, was seen as …

Communications Minister, Ursula Owusu-Ekuful says persons who do not legitimately have the Ghana Card but have had their SIM cards deactivated must reach out to the National Communication Authority (NCA) for a resolution. According to her, the affected users would have to provide evidence to that effect. “In recognition of …

The Chamber of Independent Power Producers (IPPs) says its members will shut down their plants in three weeks unless government meets their demands to settle all outstanding indebtedness. The shutdown potentially could create a huge power shortfall as the IPPs control over 65% of the available thermal generation capacity in …

The Deputy Finance Minister, Abena Osei Asare, has made a passionate plea to Pensioner Bondholders, urging them to exercise patience as the government scrambles to secure the necessary resources to settle their unpaid matured coupons.   Despite rainy weather conditions, members of the Pensioner Bondholders Forum resumed their picketing at …

Pressure on the Ghana cedi continues to surge after some sterling performance two weeks ago, making it the world’s top-performing currency during the period. The local currency lost about 9% in value last week to the US dollar in the retail market to reverse the previous week’s gains. It traded …