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Author Archives: Pius Amihere Blay

Tullow to drill new wells by year end

charles-darku-general-manager-tullow-ghana

Tullow Ghana has told Citi Business News it will by the end of this year [2017] commence the drilling of additional wells in the West Cape Three Points as part of operations of the TEN oilfields. It follows the judgement by the Special Chamber of the International Tribunal for the Law of the Sea (ITLOS) that Ghana has not violated any part ...

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Mixed expectations meet BoG’s policy rate decision

bank of ghana

There are mixed expectations ahead of the policy rate decision to be announced by the Bank of Ghana on Monday, September 25, 2017. The Monetary Policy Committee (MPC) of the central bank is set to announce a primary rate at which it will lend to commercial banks for onward lending to customers. Already, the rate has been reviewed downwards thrice ...

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Maritime dispute win to boost Ghana’s economy

oil-rig2

Analysts in the oil and gas sector are anticipating a judgement in favour of Ghana at the landmark case involving Ghana and Ivory Coast at the International Tribunal of the Law of the Sea (ITLOS). The Special Chamber of ITLOS is expected to deliver its ruling on the three-year dispute between the two countries. Ghana, which took the case to ...

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Uber loses London operating license

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Uber has lost its operating licence in London after a shock ruling by the capital’s transport body. The ride hailing app will no longer be able to offer services in their current form within the M25, despite the firm claiming 3.5 million Londoners regularly use its app. Transport for London (TfL) announced its decision on Friday. The authority wrote: “TfL has concluded that Uber ...

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Banks anxious of interest rate cut

Henry Oroh

Bankers are anticipating a reduction in the policy rate as the Bank of Ghana’s Monetary Policy Committee (MPC) meets to review the strength of Ghana’s economy, Friday September 22, 2017. The meeting will be concluded on Monday September 25, 2017 with a decision on the policy rate for commercial banks to comply with. The MPC is also expected to outline ...

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Ghana awaits maritime dispute ruling with ‘fingers crossed’

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President Akufo Addo says his government will not make any pronouncements on the yet to be delivered judgment on the maritime border dispute between Ghana and Ivory Coast. Nana Addo maintains that a lot of work is ongoing on how best to handle the outcome of the three year dispute. The International Tribunal of the Law of the Sea (ITLOS), ...

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Albert Essien named Board Chairman of GHL Bank

albert-essien

GHL Bank has appointed Mr. Albert Essien as its new board chairman. He takes over from Mr. Jacob Kholi. Mr. Essien is a seasoned banker who served as the Deputy Group CEO of Ecobank and was in charge of Corporate and Investment Banking as the Group Head for fourteen (14) years. Mr. Essien commenced his banking career in 1986 with ...

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Investors to ditch Ghana over single window blues

Kwabena Ofosu Appiah - President, Ghana Institute of Freight Forwarders

Freight forwarders fear a dip in investor confidence with the takeover of the operations of West Blue Consulting Limited at the country’s ports. They argue that the failure to efficiently manage the change could escalate the somewhat troubled single window system at the ports. The development, the businesses also argue will eventually affect operations at the ports. Dubai based firm, ...

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Customs World takes over West Blue Ghana Limited

west-blue

Customs World, a subsidiary of Ports Customs and Free Zones Corporation (PCFC) Dubai, has signed an agreement to take over West Blue Ghana Limited. This agreement formalizes the establishment of “Ports & Customs World Ghana Limited.” West Blue has been in charge of the provision of the National Single Window and Risk Management System in Ghana. As part of the ...

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AAI awards Zenith Bank Founder Jim Ovia

jim-ovia

The Africa -America Institute (AAI) has awarded the Co- Founder and Chairman of Zenith Bank Mr. Jim Ovia with the esteemed 2017 Business Leader Award. The award was conferred on him on Tuesday September 19, 2017 in New York, USA at the institute’s 33rd Annual Awards Gala. Receiving the award Mr Ovia said “today I am very honored to be ...

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