Business

Beneficiaries of projects executed with proceeds from Ghana’s Oil resources have recommended the need for government to consider labeling such projects for easy identification. Like it was done to most of the HIPC projects in the past, they believe that labeling all oil-funded projects would make Ghanaians understand and feel the impact of how the petroleum revenues are being used. ...

In April 2016 the world was hit by one of the biggest scandals the hit the Global financial sector. The Panama Papers! This scandal seemingly happened far away from the shores of Ghana, this may be going on far away from our shores but we are usually the most losers, because we are usually the most exploited in this global ...

Oilwatch Africa has made a radical proposal to African countries to move away from the use of fossil fuels to renewable energy; arguing that the continuous exploitation of fossil fuels is impacting negatively on primary economies including agriculture, fisheries, livelihoods and  the  environment. The Environmental civil Society group insist that “leaving fossils fuels in the ground and replacing with renewable ...

Taxation must be the ultimate tool for the redistribution of wealth. It is the ultimate determinant of the distribution of income from production and can be used to encourage productivity or even discourage it. Largely it is the globally accepted tool for economic justice in the global production system as well social justice for the disadvantaged and less endowed in ...

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 ...