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Gov’t attracts locals with competitive allocation of oil blocks

Amewu competition

The government is anticipating active local participation in oil exploration henceforth. This follows the launch of the country’s first licensing rounds bids evaluation for oil blocks. The exercise is to allow interested investors to own and operate six of the nine available oil blocks. The six oil blocks available for exploration are all located within the Western region. The coming ...

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Shea industry gets GH¢9.2m boost from EXIM Bank

ANITA OK

The Ghana Export and Import Bank (EXIM Bank) has approved an amount of 9.2 million Ghana cedis for the processing of shea into cosmetic products and also for export. According to the bank, the investment should translate into the creation of 300 direct jobs. As at 2017, Ghana earned 70.2 million dollars from the export of shea butter products. Within ...

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President launches competitive oil block bidding today

President Akufo Addo 620x330

President Akufo-Addo is expected to launch the country’s maiden Oil and Gas Licensing Round next Monday [October 15, 2018]. The purpose of the licensing round is to encourage transparency in petroleum agreements while employing competent and capable companies. The decision is also to enhance cost effectiveness and undertake oil exploration in a sustainable and mutually beneficial manner. Nine oil blocks ...

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GRA sued over implementation of CTN

GRA

A member of the Ghana Institute of Freight Forwarders, John Kwame Adu Jack has filed a suit at the Supreme Court to prevent the implementation of the Cargo Tracking Note (CTN), which is due to take off next Monday [October 15,2018]. Amongst others, Mr. Jack wants the Supreme Court to declare that the introduction of the CTN in its current ...

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AirtelTigo upgrades network services in Accra

Airtel Tigo

AirtelTigo has announced it will implement new network integration and upgrade exercises in the Greater Accra region. The move comes weeks after the company suffered a blow with network challenges, leaving hundreds of customers without cellphone service. The project aims to strengthen the merger between the former Airtel and Tigo networks and will “provide customers with wider coverage, faster internet ...

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Total launches 2018 Startupper Challenge

WhatsApp Image 2018-10-12 at 11.12.38 AM

Total Ghana has launched the Startupper of the year challenge 2018. The contest, seeks to unearth and support young and budding entrepreneurs with financial packages as well as coaching programmes. The 2018-2019 Startupper of the Year by Total Challenge will support and reward young local entrepreneurs in any business sector with a project or business less than two years old. ...

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IMF reviews Ghana’s 2018 GDP down to 6.3%

IMF

The International Monetary Fund (IMF) has revised downwards its earlier 6.8 per cent Gross Domestic Product (GDP) projection for the Ghanaian economy in 2018 to 6.3 per cent. According to the Bretton Woods institution’s latest World Economic Outlook Report on World Economy and Financial Surveys, the economic growth will however be higher at 7.6 per cent GDP in 2019 but ...

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President to launch oil block bidding on Oct 15

nigeria_oil_3_cnbc_africa

President Akufo-Addo is expected to launch the country’s maiden Oil and Gas Licensing Round next Monday [October 15, 2018]. The purpose of the licensing round is to encourage transparency in petroleum agreements while employing competent and capable companies. The decision is also to enhance cost effectiveness and undertake oil exploration in a sustainable and mutually beneficial manner. Nine oil blocks ...

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Mobile Money interoperability crosses the 1million mark

Mobile Money

Cross mobile money wallet transactions otherwise known as mobile money interoperability, has recorded over 1.1 million volume of transactions, from its inception some five months ago. The over 1.1 million transactions was recorded at the end of September, the latest data from the Ghana Interbank Payment and Settlement System (GhIPSS), indicates. The total value of cross network transactions amounted to ...

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