Business

Forced unitisation is non-beneficial to Ghana’s upstream sector – Petroleum expert

Eni is challenging a directive by the Energy Ministry, asking them to initiate Sankofa Offshore oil ...

IFS to government: Review contracts in extractive sector to reverse GHC20 billion annual loss

A comparative study conducted by IFS reveals Nigeria and Botswana are earning 51% and 65% respective...

13 containers of rosewood seized at Tema Port

In July, 2019, the EIA published a groundbreaking report titled, ‘BAN-BOOZLED: How Corruption and Co...

Getting a mortgage requires equity contribution – Winston Wobil

“At Ecobank, we just started a partnership with Enterprise, we are in talk with other pension truste...

Apple chief executive Tim Cook gets $750m payout

The award depended on how well Apple’s shares performed compared to other firms on the S&P 500 stock...

Apple’s $100 million settlement agreement changes a key App Store rule for developers

A website for eligible developers isn’t fully operational yet (and may not be until the settlement i...

Banking fraud cases hit ¢1bn in 2020 – BoG

Key recommendations by the Bank of Ghana to help fight current fraud trends include consumer educat...

Government to take final decision on ban on new LPG outlets in September

Energy Minister, Dr. Matthew Opoku Prempeh in July this year revealed that cabinet had approved roll...

Cocoa Clinic failed to retrieve over GHS8.6M from corporate organizations – Audit report

Management of the clinic according to the 2020 Auditor-General’s report, has been unable to collect ...

Why Ghanaian Activists Oppose a $1 Billion Giveaway to Norwegian Billionaires: Bright Simons

$1.1 billion will go directly to the current Norwegian controllers of the two fields...

On GNPC-Aker, Bob Hinson Didn’t Look Before He Leaped: Bright Simons

We only ask that they take a bit of time to understand the issues, do the research and then engage s...

GRIDCo owes Bui Power Authority $41,010,518.71 from 2013 – Audit Report

The report further stated that the Authority had failed to recognize a provision for the likely deco...

Procurement breaches amounting to over GHȻ 8 million uncovered at GPHA-2020 Auditor General’s repor

According to the report, the Management of the GPHA failed to provide the Auditor General’s office w...

Shell pays $111m over 1970s oil spill in Nigeria

The court ordered Shell Nigeria to pay compensation to Nigerian farmers,...

BoG to pilot the e-Cedi, first digital currency in Africa

the  Bank  of  Ghana  has  signed  an  agreement  with  G+D  to  implement a  pilot  CBDC  project  ...

Asenso-Boakye hints of possible review of the Rent Act

Mr. Asenso-Boakye announced that government is in the process of reviewing the existing Rent Act, 19...

Bright Simons writes: Ghana wants to make Norway rich (by $1 billion)

On 30th July 2021, a memorandum from Ghana’s Minister of Energy to the country’s Parliament muddied ...

GNPC seeks Parliamentary approval for $1.65bn loan to commence oil exploration

Currently, the GNPC is allowed through its GNPC Explorco to participate in the upstream petroleum se...

BoG expands list of institutions to participate in Credit Reporting System

The Bank of Ghana urged institutions to take steps to comply with the provisions of Act 726 by Octob...

Nikola’s Milton charged with misleading investors

At a press conference Thursday, Gurbir Grewal, the SEC’s head of enforcement, highlighted the obliga...

Energy Minister indicts ECG management, past boards, others for sad state of company

Chairman of the board Keli Gadzekpo pledged to turn the business around with new ideas....

Majority Leader urges bipartisan review of Petroleum Act

“This is the opportune moment for the country to undertake this exercise and we look forward to that...

Trade Ministry to finalize agreement on Komenda Sugar Factory

Mr Kyerematen explained that Park Agrotech Limited was an agro-processing company based in Ghana, wh...

No ban on small scale mining, go back to work – Mireku Duker tells legal miners

The Members of the Association pledged their commitment to support government win the fight against ...

We’ll resist attempts to make exceptions in law banning foreign retailers – GUTA

GUTA said while it is not against any arrangement to enhance its business relationship with Nigeria,...