Business

Government has been advised to consider spending the Annual Budget Funding Amount (ABFA) on fewer road infrastructural projects to avoid the customary thin spreading. Such arrangement, according to the Public Interest and Accountability Committee (PIAC), would allow the citizenry to appreciate and feel the impact of how the country’s oil revenue is utilised. It believes that few legacy projects should ...

Chief of staff at the Presidency, Mrs. Akosua Fremah Opare has appealed for support from both government and private partners to facilitate the implementation of the National Plan of Action2, arguing that the menace called for a concerted effort from stakeholders to end it. She said there were people with high social stature, academic standards and parents who could not ...

When a Chinese citizen can enter the Galamsey trade and make it her own in Ghana, then you know there is something fishy. And this is not about xenophobia. Any Ghanaian knows that there are only two trades reserved for the high and mighty. First it is the oil trade and its oil ‘blocs’ for those with recognizable names and ...

Barclays PLC has reduced its shareholding in Barclays Africa to 23.4%. On Thursday, Barclays Africa announced that following the completion of South Africa’s largest bookbuild in South African Rands, Barclays PLC has sold 33.7% of Barclays Africa. The issued share capital was at a price of R132 per share. A statement from the bank and copied to Citi Business News ...

Aviation Minister, Cecilia Abena Dapaah has disclosed that there will be no government interference in the operations of Ghana’s new national airline. According to her, the decision is to promote efficiency and avert another collapse of the proposed new national carrier. The Minister made the remarks when she joined a panel to discuss ways on fixing Africa’s Air Transport challenges ...

The Vice President, Dr. Mahamudu Bawumia has renewed the NPP government’s commitment to avert huge revenue losses due to flouting of public procurement rules. According to him, the canker has also contributed to the high levels of corruption in the public sector. To this end, the government has commenced a six day training program targeted at ministers, chief directors, and ...

Some Economists have ruled out any significant impact on Ghana’s economy following the declining global oil prices. The decision by Oil Producing and Export Countries (OPEC) including Russia to cut down production due to increased supplies has resulted in a drop in prices. Contrary to the expectations of many investors in the oil and gas industry, the OPEC countries extended ...