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Tag Archives: Ghana Business

Lands Ministry pushes for review of stability agreements

Minister of Lands & Natural Resources, John Peter Amewu

Lands and Natural Resources Minister, John-Peter Amewu is pushing for Ghana to cancel its stability agreements with major mining companies operating in the country. The Minister Nominee says key in his administration will be to scrap the country’s stability agreements with multinational mining companies. Mr. Amewu asserts that the Ghanaian economy risks being short-changed if the agreements are not reviewed ...

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FX losses impact phone sales in Ghana – Samsung

samsung galaxy A series

 Ghana’s foreign exchange volatilities continue to impact pricing of products on the Ghanaian market, Samsung Ghana has revealed. According to the company, the foreign exchange losses plus high importation charges have led to the relative increases in prices compared to other countries within the sub-region. Though the Marketing Manager in charge of IT and Mobile at Samsung Ghana, Tracy Kyei ...

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Emmanuel Antwi-Darkwa replaces Kirk Koffi as VRA CEO


President Nana Addo Danquah Akufo-Adoo has appointed Emmanuel Antwi -Darkwa as caretaker Chief Executive Officer (CEO) of the Volta River Authority (VRA). He takes over from Engineer Kirk Koffi who served the company as its CEO since 2013. A circular signed by the Deputy Chief Executive for VRA, Richmond Evans Appiah and copied to staff of the VRA read, ‘It ...

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Sibton Switch defends GH¢4.6 bn BoG contract

bank-of-ghana pic

Sibton Switch Systems has defended the 4. 6 billion cedis cost for the establishment of an interoperable platform for mobile money transactions in Ghana. According to the company, the quality and extent of services provided for by the platform, guaranteed its selection by the Bank of Ghana. “It’s a long term infrastructure; it’s a retail payment system that does not ...

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Transport Ministry to reconsider Atuabo free port project

Kwaku Ofori Asiamah - Minister Nominee for Transport

Transport Minister Nominee, Kwaku Ofori Asiamah says his outfit will reconsider the proposal to create a free port at Atuabo in the Western region to assess its contribution to the development of the country’s transport sector. Mr. Asiamah explains that the project should propel private sector growth if its operations are streamlined in order not to interfere with the work ...

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Ghana names 3rd FPSO after J.A. Kufuor

FPSO JA Kufuor

Ghana’s third Floating Production Storage and Offshore (FPSO) vessel has been named after Former President, John Agyekum Kufuor. A statement from the Former President’s office on Wednesday said the Former President has left to Singapore for the naming of the third FPSO in his honour. The vessel will be operating in the Offshore Cape Three Points (OCTP) oilfields in the Western ...

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HFC Bank rewards customers on 13th month of the year

General Manager of Finance and Strategy at HFC Bank, Benjamin Dzoboku

Persons, who sign onto HFC Bank’s Susu Plus account, are set to be rewarded for the thirteenth month of the year following the bank’s revived campaign of that product. The savings deposit plan allows customers to deposit a fixed amount of money into their account for one year (twelve months) and be rewarded with the same amount on the thirteenth ...

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Gh¢17.2 bn road sector debt hangs in the balance – Amoako-Atta

Kwasi Amoako-Atta ; Minister Nominee for Roads & Highways

The outgone NDC government has left the Nana Addo led administration an outstanding commitment of 17.2 billion cedis in the roads sector, Minister Designate for  Roads and Highways, Kwasi Amoako Atta has revealed. He describes the figures as alarming as government’s revenue streams are inadequate to meet the rising debts. Mr. Amoako Atta made the disclosure when he met Parliament’s ...

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BoG pins down illegal microfinance company in Sunyani

bank-of-ghana pic

The Bank of Ghana has cautioned the public against investing with an unlicensed microfinance company; Agro Development Fund Services Limited. The company is reported to be operating from its office located at A67/3, Asufufu, opposite the Sunyani Traditional Council, Sunyani. A statement from the central bank and signed by its Secretary, Caroline Otoo said the company is “carrying on the ...

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Yoofi Grant appointed CEO of GIPC

Yoofi Grant - CEO, GIPC

The President Nana Addo Dankwa Akufo-Addo has appointed Mr. Yoofi Grant to act as CEO of the Ghana Investment Promotion Centre (GIPC), pending receipt of the constitutionally required advice of the governing council of the centre, given in consultation with the Public Services Commission.. He takes over from Mawuena Trebarh who occupied that position for four years after being appointed ...

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