The Former Managing Director of the Electricity Company of Ghana(ECG) , Mr. Samuel Dubik Mahama, has clarified that ECG’s 82 bank accounts across the country collect revenue nationwide, but all funds are eventually settled...
The Former Managing Director of the Electricity Company of Ghana(ECG) , Mr. Samuel Dubik Mahama, has clarified that ECG’s 82 bank accounts across the country collect revenue nationwide, but all funds are eventually settled into one central bank account. This system he said is designed to facilitate efficient collection...
The Chamber of Petroleum Consumers is projecting a 3% decline in petrol prices and a 1% decline in diesel prices at the pumps, from the second pricing window beginning January 16. However, this forecast largely depends on the performance of the cedi. Fuel prices saw a slight increase during...
The Chamber of Oil Marketing Companies (OMCs) has warned of a potential fuel shortage in the coming days. The Chamber attributes this looming crisis to the suspension of the gold-for-oil programme and the operational halt of Sentuo Oil’s refining activities. Speaking on the issue, Dr. Riverson Oppong, the Chief...
Players in the palm oil industry have engaged the Malaysian High Commission to encourage Malaysian palm oil firms to invest in Ghana’s palm oil industry. The industry players want their counterparts in Malaysia to speed up Ghana’s transition period of becoming self-sufficient with the production of oil palm. Reports...
President John Dramani Mahama has indicated the possibility of privatizing the Electricity Company of Ghana (ECG) as part of efforts to address inefficiencies in the country’s power distribution system. The President believes that involving the private sector in managing ECG could help resolve longstanding challenges, including operational inefficiencies, financial...
The Director-General of the Social Security and National Insurance Trust (SSNIT), Mr. Kofi Osafo Maafo, faces serious allegations of financial mismanagement, nepotism, and improper personnel appointments. Critics have raised concerns about the management of workers’ pension contributions and claims of unmerited promotions within the organisation. One of the central...
The budget serves as an interim measure ahead of the substantive budget presentation by the incoming Mahama administration later this year. The Finance Minister presented the Expenditure in Advance of Appropriation for January to March 2025 on January 2, 2025. The proposal was subsequently referred to the Joint Committee...
The management of McDan Group has expressed disappointment in the Ghana Airports Company Limited (GACL) over the shutdown of its Private Jet Terminal over a $3 million debt. The debt reportedly comprises land leases, rentals, and terminal charges accumulated over a period. In a statement signed by the CEO,...
Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa has raised an alarm on the approval of an electronic servicing agreement worth US$750,000 by the board of the Agricultural Development Bank(ADB). Describing it as a “reckless and unpatriotic” midnight contract, the lawmaker in a post on social media indicated...
President-elect John Dramani Mahama has pledged to review and adjust Ghana’s existing agreements with development partners to align with the country’s current needs and aspirations. Speaking during a courtesy call by the United Nations Resident Coordinator, Charles Abani, Mr Mahama emphasised the importance of creating partnerships that reflected the...