GNPC discusses coronavirus impact on operations

The Ghana National Petroleum Corporation (GNPC) on Monday said the COVID-19 pandemic had impacted negatively on the oil and gas industry in Ghana and called for support in its operations. Mr James D. Yamoah, Acting Chief Operating Officer, GNPC, said because of the pandemic, international oil companies (IOCs) took business decisions to safeguard their investments, which might […]

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Benchmark valuation policy killing the oil palm industry

Stakeholders in Ghana’s oil Palm industry on Monday said the sector is on the verge of collapse, as cheap imports continue to take over the local market. They said unless government acts quickly, there would be no local oil palm industry. Mr Samuel Avaala, the President of the Oil Palm Development Association of Ghana (OPDAG), […]

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Outstanding claims of defunct finance companies’ employees to be paid

Mr Eric Nipah, the Receiver of defunct microfinance companies and savings and loans, will from July 13, 2020, commence payment of outstanding debts of former employees of affected financial companies. A statement from the Receiver to the Ghana News Agency in Accra on Monday said: “The Receiver will, in the week commencing Monday, July 13, […]

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You’re selling KIA per the terms in the proposal – PSWU to Gov’t

Per the terms and conditions in the proposed strategic partnership agreement between the Ghana Airport Company Limited (GACL) and TAM-SUMMA Consortium, a Turkish company, concerning the management of the Kotoka International Airport, it can be stated that the KIA is being sold, the Deputy General Secretary of the Public Services Workers Union (PSWU) of the […]

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No recovery without debt relief – Mo Ibrahim’s thoughts

Last month, the African Union launched the Africa Medical Supplies Platform to facilitate the production and provision of vital medical equipment – the latest achievement in an already impressive response to the COVID-19 crisis. Yet, in the same week, it was revealed that most of Nigeria’s federal government revenue was going to debt-service payments, and the country […]

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Greater Accra executive branch of GUTA dissolved

The Ghana Union of Traders Association (GUTA) has dissolved the Greater Accra regional branch executive of the association. The decision was arrived at a crisis meeting by the National Council of Elders of GUTA in consultation with the National Executive Committee on Thursday, 9 July 2020. The Greater Accra Executive branch was dissolved due to […]

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Major sector indices stay flat while CAL dominates trading activity

MTN Ghana (-1.72%), the sole decliner at the session, moderated the benchmark index by 11.84 points (-0.63%) to close at 1,865.69 with a year-to-date return of -17.34% while the market capitalization decreased by 0.23% to settle at 52.60 billion. The GSE Financial Index recorded no gains or losses, closing at 1,706.66 with a -15.50% year-to-date […]

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MPS Terminal 3 serves as transhipment hub for Europe

Hapag Lloyd, the world’s 5th largest shipping line, is now utilising the expanded connectivity, capacity and capabilities of the MPS Terminal 3 at the Tema port to tranship the traffic between South Africa and Europe in Tema. This is in fulfillment of the decision announced by Hapag-Lloyd on 1st October 2019 held in Cape Town, […]

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500 out-growers benefit from fertiliser and bee-hive production

About 500 out-growers in the Mion district of the Northern Region have benefitted from a free certified fertiliser programme and bee-hive production. The project by Tilaa Company Ltd, (Ghana), a northern-based organisation, is geared toward the production of quality honey, cashew nuts and animal feed made from the pruned leaves of cashew trees. The objective […]

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