Acting NLA boss vows to fix image
Acting Director General of the National Lottery Authority, Brigadier-General Martin Ahiaglo says his immediate priority will be to rebuild the lost image of the Authority. The NLA has over the past few months been in the news over allegations of fraud and corruption leveled against some staff and management. Subsequently, the then Director–General was asked [...]
Government to build small dams across the country
Government intends to take advantage of the various rivers across the country to build small dams to boost the country’s energy supply. This would be through a partnership with the Canadian government. President Mahama revealed this in a Joint news conference with visiting Governor-General of Canada, Right Honorable David Johnston at the Flagstaff House.He said [...]
Shipping line for Chamber of Commerce
The Ghana Chamber of Commerce and Industry (GCCI) has announced that it will soon introduce a shipping line that will help facilitate trade between West and Central Africa. Wilson Atta-Krofah, immediate-past President of the Federation of West African Chambers of Commerce and Industry, disclosed this when President and board members of GCCI, paid a courtesy [...]
Inflation inches up to 10.6 percent in April
Inflation for the month of April went up to 10.6 percent. This is 0.2 percentage points higher than the previous month’s figure of 10.4 percent. This means that the rate of increase in the general price of goods and services was higher compared to the same period last year. The monthly rate change was however [...]
COMMENT: When small-scale gold mining is no longer small-scale
The time has come for officialdom to be told a few home truths about small-scale gold mining. With respect, individuals and business entities deploying 32-tonne excavators and bulldozers in Ghana, are not engaged in small-scale gold mining – and ought not to be issued with small-scale gold mining licences: and given concessions under any circumstances. [...]
Oil production threatens fish catch
Fisher folks in the coastal communities of the Western region have complained about the dwindling fish catch due to the negative impact of the oil and gas exploration and production. The operations of the Jubilee Oil and Gas field, and fishing activities of surrounding communities in the Jomoro District is intertwined. The imposition of a [...]
BoG pushes banks to list on the GSE
The Governor of the Bank of Ghana has stated that the central bank will not relent in its effort to get banks to list on the Ghana Stock Exchange (GSE). Dr Henry Kofi Wampah said at the Capital Market Conference in Accra that the attractiveness of listed equities on GSE should draw investors onto the [...]
HFC receives $10m support
International Finance Corporation (IFC), a member of the World Bank Group, has announced that it will provide a $10 million trade finance facility to HFC Bank to support increased trade. Under the Global Trade Finance Program (GTFP), the facility will allow HFC Bank to establish working partnerships with many international and regional banks in the [...]
Airtel gives free calls, data on Samsung Galaxy S4 & Blackberry Z10
Airtel Ghana says it is giving customers and prospective customers interested in owning a Samsung Galaxy S4 or Blackberry Z10 handset 250minutes free voice calls to all local networks and 750MB of data a month for a period of three months from the day of purchase. Head of Corporate Communications & External Affairs at Airtel [...]
Vodafone sale: Finance Minister complies with court order
The Minister of Finance yesterday complied with the order of the Commercial Division of the Accra Fast Track High Court by presenting copies of the Sale and Purchase Agreement (SPA) involving the sale of 70 per cent shares of Ghana Telecom to Vodafone in 2008 to the court. The Director of Legal Services at the [...]