Sunday, 25 February 2018

Latest News

BOST states record on sale of crude oil

The Bulk Oil Storage and Transportation Company Limited (BOST) says it sold 942,000 barrel of crude oil to raise $51.3 million ($51,386,100) to defray part of the company’s debts.

IMANI urges govt to fast-track digitisation

By John Elliot HAGAN, Accra
A fellow of IMANI Ghana, a policy think-tank and an Enterprise Architect at Oracle Corporation, Franklin Asare, has expressed the need for Ghana to increase its internet penetration to fast-track its digitisation agenda drive.

Tullow’s new rig heads to TEN fields

-To commence drilling of wells

By Isaac AIDOO, Accra
Tullow Ghana says it has commenced the deployment of equipment to resume drilling of wells at the Tweneboa-Enyenra-Ntomme (TEN) offshore oil fields.

YEA overhauls sanitation module, invites others to bid

Starting from June 2018 Youth Employment Agency (YEA) will open the door for all interested companies to bid for contracts under is sanitation module which was previously handled by only Zoomlion Ghana Limited.

“Ghana cannot do without borrowing, but…”

By Gloria Kyeremeh
Two economists have indicated that the call for Ghana to move beyond debt is not plausible since no country in the world operates without debt or borrowing.

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16 banks offer loans above 30%

By Augustine Amoah
SIXTEEN banks charge lending rates above 30 percent and higher than the average lending rate, the Bank of Ghana’s latest Annual Percentage Rate (APR) and Average Interest (AI) for the month of January 2018 has revealed.

‘ExxonMobil deal: Let’s be cautious’

By Isaac Aidoo

There is absolutely no doubt that Ghana’s petroleum sector is experiencing a boom, especially after the favourable ruling of the special chamber of the International Tribunal on the Law of the Sea (ITLOS).

Suspend tax stamp implementation- beverage producers to govt

By Isaac Aidoo
Businesses in Ghana’s Food and Beverage industry have renewed appeals for government to suspend the implementation of the excise tax stamp policy.

Ghana’s budget gets US$1.64bn oil cash in 6yrs

Augustine Amoah
For the past six years, an amount of US$1.64 billion worth of oil money has gone into the Annual Budgeting Funding Amount (ABFA) to support the national budget.

Cryptocurrency collapse will not affect banks -S&P

By Augustine Amoah
BANKS will not be affected should the price of cryptocurrencies collapse, ratings agency, Standard & Poor’s has revealed.