Business

U.S. Ambassador to Ghana Stephanie Sullivan joined the President of Ghana H.E. Nana Akufo-Addo and other Ghana government officials to formally inaugurate the Pokuase Bulk Supply Point (BSP) in Accra today.  The U.S. Millennium Challenge Corporation (MCC) funded the $64.7 million (GH₵ 391.9 million) electrical infrastructure project under the Ghana Power Compact. “The Pokuase Bulk Supply Point represents sustainable infrastructure ...

The Legatum Center for Development & Entrepreneurship at the Massachusetts Institute of Technology (MIT) has introduced the inaugural cohort of Legatum Foundry Fellows. Hailing from eight countries, these thirteen entrepreneurs have grown ventures operating in nine different markets across Africa.  Having pioneered innovations in healthcare, fintech, education and more, the Foundry Fellows have demonstrated their dedication and commitment to transforming ...

The National Petroleum Authority (NPA), has approved the removal of the Price Stabilisation and Recovery Levies (PRSL) on petrol, diesel, and LPG for two months. This was announced in a press statement issued by the Authority’s Corporate Affairs Department today, October 11, 2021. “The National Petroleum Authority (NPA) wishes to inform the public that His Excellency the President, Nana Addo ...

The Energy Ministry says it is planning to suspend levies on fuel products. According to the sector Minister, Dr Matthew Opoku Prempeh, his outfit is working with the Ministry of Finance to ensure its implementation. The Minister said this when he received a delegation from the Ghana Energy Awards (GEA). This comes amid concerns from a cross-section of the public ...

Head of Pricing at the National Petroleum Authority (NPA), Abass Ibrahim Tasunti says the price deregulation policy introduced by government in 2015 is still running. He confirmed this when he spoke on PM Express Business Edition during his interaction with George Wiafe on Thursday on the topic “Containing frequent hikes in fuel prices.” The deregulation policy allows marketers and importers ...

The re-registration of mobile SIM cards across the country is expected to commence later today, Friday, October 1, 2021. The exercise is expected to last for six months, ending on 31st March 2022. According to the government, the registration is aimed at riding the country’s cyberspace of fraudsters, monitor and track down persons who use their phones for criminal activities. ...

The Public Interest and Accountability Committee (PIAC), has urged the Ghana Revenue Authority (GRA) to retrieve some $2.1 million owed the state by international oil producing firms operating in the country. PIAC in its annual report noted oil majors operating Ghana’s 3 oil fields – Sakofa Gye Nyame, TEN and Jubilee – owed the state to the tune of $2.1 ...

Vice President Dr. Mahamudu Bawumia has launched joint platform between telecom industry players, financial technology service providers, the Bank of Ghana and the police to fight against fraud in the digital finance ecosystem. The platform dubbed Fraud Control Dashboard (FCD), has become necessary because, as Ghana marches towards a cash-lite, society, characterized by the wide usage of digital financial service, sophisticated ...

World Trade Centre Accra (WTC Accra) in collaboration with government ministries across Africa (concerned with trade, investment promotion and economic management), manufacturing firms, investors, development partners and other relevant stakeholders will hold the maiden edition of its Make in Africa 2021 Summit on the 30th June, 2021 under the theme “Showcasing Africa’s Potential as the World’s Next Manufacturing Hub”.   ...

The European Union (EU) is threatening to ban cocoa from Ghana if the negative impact of illegal mining on cocoa farms in the country persists. Making a presentation at the ongoing National Consultative Dialogue on Small Scale Mining in Accra today, April 15, 2021, the deputy Chief Executive in-Charge of Agronomy and Quality Control at COCOBOD, Dr. Emmanuel Agyemang Dwomoh, ...