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Fake electrical gadgets: Retailers indict Standards Authority

Cables

The Ghana Electrical Dealers Association (GEDA) has strongly refuted the report by the Ghana Standards Authority (GSA) that 96 % of electrical products sold on the market are substandard. This follows an exercise by the GSA which showed that only 7 out of the 204 electrical items they tested on the market were of standard. According to the GSA, it ...

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MTN to list on Ghana’s stock market today

Selorm Adadevoh - MTN CEO

MTN is to list proceeds from its Initial Public Offering (IPO) on the Ghana Stock Exchange later today [September 5, 2018]. The company, in July, concluded its IPO which is to allow it cede thirty-five percent of its operations to the public. The IPO targeted 3.5 billion cedis, but it was able to raise 1.146 billion cedis. This means that ...

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Standards Authority sets bribery rules with new committee

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The Ghana Standards Authority in collaboration with the Ministry of Trade and Industry has inaugurated a 22 member committee to oversee the Anti-bribery System Standard in Accra. The Committee’s mandate is to study the International Standard Organization (ISO) 371001 system to determine if it can be adopted for the country as a standard against bribery and corruption. When the committee ...

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U/East: Rice farms ravaged after Tono Dam spillage

awuni

About 500 hectares of rice farms under the Tono irrigation project in Navrongo in the Upper East Region have been submerged as a result of the spillage of the Tono Dam. The spillage comes on the back of torrential rains and spillage of the Bagre dam putting the lives of residents along the spillway in danger. The Tono dam covers ...

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Gov’t checks overspending with Fiscal Responsibility Act

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The government will soon introduce a Fiscal Responsibility Act, which will ensure successive governments do not spend beyond specific fiscal thresholds. Senior Minister, Yaw Osafo Maafo, announced this at the 2018 edition of the Ghana Economic Forum on the theme, “Building a competitive economy for sustainable growth.” He also said government will establish a Fiscal Responsibility Council to keep governments ...

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Labour Ministry intervenes in layoffs at Consolidated bank

Ignatius Baffour Awuah - Minister of Employment and Labour Relations

The Employment and Labour Relations Minister, Ignatius Baffour Awuah has stated that he will by the end of the week meet with stakeholders and workers of the Consolidated Bank alongside some labour unions to address their concerns. Among other things, the meeting would seek to deliberate on labour plans for the consolidated bank and what would be factored in case labour ...

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Century bond to check overpriced projects – Prof Quartey

Prof. Peter Quartey

The government should be able to finance major infrastructural projects and avoid budget overruns if it is to be successful with the maiden century bond. That is the assertion of Economist at the University of Ghana, Professor Peter Quartey. His comments come on the back of justification for the issuance of the bond by the government following President Akufo Addo’s ...

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Ghana must improve strategy & capacity in Chinese negotiations – Ofosu-Dortey

David Ofosu Dorte - ‎Executive Chairman - ‎AB & David Law

A lawyer and Senior Partner at AB & David Law affiliates, David Ofosu-Dortey has said that Ghana’s seeming fixation with China as the most preferred trade partner is based on the country’s lack of strategy. According to him, Ghana has for a very long time engaged trade partners like China without a detailed strategy hence often appear to be disadvantaged it ...

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$350m China LNG deal to boost oil and gas sector

LNG

The Executive Director of the Kumasi Institute of Technology, Energy and Environment (KITE) Ghana, Ishmael Agyekumhene has described the 350 million dollar Liquefied Natural Gas (LNG) terminal deal with China as a good agreement that will boost Ghana’s oil and gas industry. Mr. Agyekumhene is optimistic the deal will ultimately secure the supply of fuel to grow the energy sector. ...

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Gov’t demands good working conditions for Ghanaians in Gulf States

Ignatius Baffour Awuah - Employment & Labour Relations Minister

The Employment and Labour Relations Minister, Ignatius Baffour Awuah has announced that government is in the process of putting together a bilateral agreement with countries in the Gulf States to ensure good working conditions of Ghanaian workers in the region. Government in 2017 placed a ban on all employment agencies in the country recruiting Ghanaians to work in foreign countries, particularly, ...

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