President Akufo-Addo has granted approval for the removal of the Price stabilisation and Recovery levies on petrol, diesel and LPG for two months, the National Petroleum Authority (NPA) has said. The approval follows the advice of the NPA to the Minister of Energy to seek the government’s intervention to mitigate …
Read More »Engineers Are Key In Successful Implementation Of AfCFTA – Alan Kyeremanten
Minister for Trade and Industry, Alan Kyeremanten, has indicated that the implementation of African Continental Free Trade Area (AfCFTA) cannot be optimized without the involvement of engineers. He said this at the opening of the 7th edition of Africa Engineering Week and the 5th Africa Engineering Conference in Accra on …
Read More »GH8.5 Million Lost Every Year In Tamale Due To illegal Power Connection – NEDCo
Workers of the Northern Electricity Distribution Company NEDCo and the Volta River Authority (VRA) in Tamale have partially restored their services following attacks on it’s offices by some residents. The staff of NEDCO totally withdrew their services over concerns of safety, leaving most of the metropolis without electricity for …
Read More »TOR Staff Interdicted For Allegedly Stealing ¢10.4m Worth Of Cables
The Interim Management Committee of the Tema Oil Refinery (TOR) says it has interdicted some staff for their involvement in the alleged theft of ¢10.4 million worth of cables. Describing it as unacceptable product losses, TOR said the thievery was discovered as a result a Technical and Human Resource audits. …
Read More »Finance Ministry: Ofori-Atta Has Not Resigned
The Finance Ministry has dismissed rumours that Finance Minister Ken Ofori-Atta has resigned from his post. It comes after speculations on social media that Mr Ofori-Atta has resigned over ill health. In a statement, the ministry said the Finance Minister is still at post and focused on …
Read More »Otumfuo Endorses GIADEC’s Strategic Partner For Project 2, Rocksure International
The Asantehene, Otumfuo Osei Tutu II, has endorsed Rocksure International as the strategic partner of the Ghana Integrated Aluminium Development Corporation (GIADEC), selected to implement Project 2:- development of a mine at Nyinahin-Mpasaaso and a refinery solution. At a courtesy call on Otumfuo Osei Tutu II, at the Manhyia Palace …
Read More »Video: BoG To Gradually Phase Out ¢1 And ¢2 Notes From The System
The Governor of the Bank of Ghana has announced that the GHC 1 and the GHC 2 commemorative notes would soon be phased out from the system. According to the Central Bank, the poor handling of the notes, that is torn and soiled, make it expensive to print …
Read More »Ghana’s Debt Stock Hits GH¢336 Billion; Debt-To-GDP Ratio Now 76.4% – BoG
Latest figures released by the Bank of Ghana indicate that in two months, the country’s public debt stock has increased by GH¢3.5 billion. By this, Ghana’s total public debt stock increased from about GH¢332 billion in May 2021 to about GHC336 billion in July 2021. According to the latest Bank …
Read More »Cedi Depreciates 1.7% To Dollar In Almost 9-Months Of 2021 – BoG
The Ghana cedi has depreciated by 1.7% to the US dollar in the first nine months which will end next Thursday September 30th, 2021, according to data from the Bank of Ghana (BoG). The Central Bank pegged the rate of the cedi to the dollar at ¢5.86, though it is …
Read More »Ashanti Businessmen Confess Their Businesses Boomed Under Me – John Mahama
Former President John Mahama says some Ashanti businessmen have confessed to him that they voted against him in the past despite the growth their businesses experienced under his tenure. Speaking to some NDC supporters in Kumasi as part of his Thank You tour of the country, Mr Mahama said some …
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