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The National Petroleum Authority (NPA) successfully held the maiden Open Competitive Tender for LPG imports into the country on Monday, January 29th, 2024. The winning tenderer submitted the lowest premium of USD30.39/MT for the four (4) Lots that were tendered for the period from March to June 2024. This marks a significant drop from the current premiums, which range between ...

The Ministry of Roads and Highways has announced that the Ofankor-Nsawam road project is set to be completed early next year. In an interview with Bernard Avle on the Citi Breakfast Show, Nasir Yartey, the Public Relations Officer (PRO) for the Ministry, also revealed that substantial progress on the project is expected by November 2024. “The date for completion is early ...

working hours in Africa may see a more than a two-hour reduction in six years due to heat stress resulting from climate change, with the situation projected to have dire consequences on the labour market and economies. It is also projected that heat stress globally would reduce workable hours in most regions as some areas would be too hot for ...

Three West African countries, Mali, Burkina Faso and Niger have announced their decision to break away from the Economic Community of West African States (ECOWAS) with immediate effect. These countries are currently led by militaries that seized power from civilian leaders. “After 49 years, the valiant peoples of Burkina Faso, Mali, and Niger regretfully and with great disappointment observe that the ...

More than 40 artisanal gold miners were killed in southwest Mali last week after the shaft they were working in collapsed, Mali’s mines ministry said on Wednesday. Artisanal mining is a common activity across much of West Africa and has risen in recent years due to growing demand for metals and rising prices. Deadly accidents are frequent as artisanal miners ...

The UK is sending some of Ghana’s “crown jewels” back home, 150 years after looting them from the court of the Asante king. A gold peace pipe is among 32 items returning under long-term loan deals, the BBC can reveal. The Victoria & Albert Museum (V&A) is lending 17 pieces and 15 are from the British Museum. Ghana’s chief negotiator ...

The National Union of Ghana Students (NUGS) has expressed concern over the ongoing strike in public universities by the Senior Staff Association and the Teachers and Educational Workers’ Union (TEWU) of Trade Union Congress. The umbrella body of Ghanaian students has therefore called on the government to ensure an immediate resolution of the issues that resulted in the strike action. “We implore the government of Ghana to prioritize the concerns ...

The World Bank has approved $300 million in funding to help Ghana’s economic recovery, it said in a statement on Tuesday. The decision comes after the West African country reached a deal to restructure $5.4 billion of loans with its official creditors, a milestone in Ghana’s quest for debt relief as it charts its way out of the worst economic crisis in ...

The Bank of Ghana (BOG) has acknowledged receipt of US$600 million as the second tranche of Ghana’s bailout package with the International Monetary Fund (IMF). The cash meant for budget support and stabilization of the local currency, was officially credited to the Central Bank’s account today, Tuesday, January 23, 2023. This means, Ghana has received a total of US$ 1.2 ...

The Trades Union Congress (TUC) has given the government up to January 31st to withdraw the Value Added Tax on electricity consumption. The labour union said they would advise themselves if the government failed to heed their demand by that deadline. Secretary-General of TUC, Dr Anthony Yaw Baah said that the VAT on electricity will compound the economic hardships workers and pensioners are saddled with presently. “It is ...