GET IN TOUCH
 
 
 
 
 

Business

Negotiation, not protests will resolve Goldfields impasse – Chief Labour Officer

The Chief Labour Officer, Eugene Koletey is urging aggrieved workers of Goldfields Ghana to return to the negotiation table over the planned retrenchment exercise of the company. According to him, their grievances cannot be resolved through protests but amicably through negotiation with the management of the company. Speaking on , Mr. Koletey revealed that an earlier planned meeting between the ...

Read More »

Govt cuts back expenditure on health, roads

Government is yet to disburse some GH¢305.27 million outstanding allocation to the Annual Budget Funding Amount for the first half of 2017. According to the Public Interest and Accountability Committee (PIAC), even though the ABFA received some GH¢358.41 million for the first half of the year, the government spent just GH¢53,136,951 or 15 percent of the amount. The issues were ...

Read More »

Environment Ministry to ban mercury use in mining

The Minister for Environment, Science, Technology and Innovation, Professor Frimpong Boateng has revealed government’s intentions to drastically reduce the use of mercury in mining activities in the country as it poses serious health hazards. As a result, Ghana has signed an agreement with the MINAMATA Convention. The Convention seeks to ban the use of mercury in artisanal mining to reduce ...

Read More »

GPHA engages importers over new tariffs

The Ghana Ports and Harbors Authority (GPHA) on Friday 15th December 2017, met with the Importers and Exporters Association of Ghana over plans to review port tariffs on imports from next year. The meeting which was at the request of the GPHA, follows the announcement of the decision to Ship Owners and Agents Association as well as the Ghana Shippers Authority, ...

Read More »

MTN Ghana signs GH₵ 510m loan facility to expand infrastructure

MTN Ghana has announced the signing of a GH¢510 million syndicated loan facility arranged jointly by Ecobank Ghana Limited, and Ecobank Development Corporation (EDC), to finance its infrastructure expansion and working capital needs across the country. The facility, with five years tenure, comes in two parts; the fixed five year term facility of GH¢ 345 million with 24 months moratorium ...

Read More »

BOST must come clean on Ghc35m profit claim – Franklin Cudjoe

Imani Africa President, Franklin Cudjoe, has questioned the declaration of GHc 35 million in profits by the Bulk Oil Storage and Transport Company Limited (BOST) in 10 months. He noted that there was no clarification whether the over $335 million debt incurred by previous BOST administrations had been cleared. Whilst saying he had “no cause” to doubt the claims of ...

Read More »

New powership to add 470MW to national grid

Karpowership Ghana Company Limited has reiterated its commitment to the supply of uninterrupted and consistent electricity to the national grid. This assurance was given at the inauguration of its new 470 megawatts Karadeniz Powership Osman Khan at the Tema main harbour yesterday [Thursday] to help in the supply of consistent electricity power in the country. This to adds up to ...

Read More »

Mineworkers Union petitions Parliament over planned Goldfields layoffs

The Ghana Mineworkers Union has petitioned parliament over attempts by Goldfields Ghana to lay off about 1,500 workers and re-employ them on a contract basis. According to the Union, the move by the company amounted to unfair labour practice. The General Secretary of the Union, Prince William Ankrah who presented the petition, indicated that the basis for the company’s actions ...

Read More »

Cedi stabilises amidst festive season blues

Checks by Citi Business News have shown that the cedi has experienced relative stability against some major trading currencies for the past two weeks. The cedi which normally depreciates at a fast rate around the festive season has since the 23rd of November remained at 4 cedis 41 pesewas on the interbank foreign exchange market and between 4 cedis 48 pesewas and 4 ...

Read More »

MTN Ghana awards outstanding Mobile Money agents

Telecommunications Service Provider, MTN, has presented awards to its exceptional mobile financial services’ agents at the maiden edition of Mobile Money Agents Awards Night. The awards night was held to celebrate Mobile Money agents in the Eastern, Volta, Greater Accra and the Brong Ahafo Regions, who have demonstrated high levels of professionalism in executing their duties in providing Mobile Money ...

Read More »