Business

The Ministry of Energy has announced plans by West African Gas Pipeline Company Limited (WAPCo), to begin cleaning and inspection of its offshore pipeline from Nigeria to Ghana today. The operation will commence January 20, and is expected to be completed no later than March 21, 2020. According to a …

A currency analyst Collins Appiah says the depreciation of the Cedi will not be addressed by the setting up of committees. The comment comes on the back of the establishment of a committee by government to investigate the regular fall of the Cedi against the major trading currencies especially the …

The Government of Ghana, on Tuesday received, as part of Germany’s Compact with Africa programme, €250 million from the Government of the Federal Republic of Germany to upgrade and expand the country’s electricity transmission infrastructure. A Memorandum of Understanding, to this effect, was signed at Jubilee House, by Mr. Jonathan …

President Nana Akufo-Addo has assured depositors whose funds are locked up in collapsed microfinance institutions will have their monies paid back to them. Nana Akufo-Addo said he has been meeting the Finance Minister and the Governor of the Central Bank to address the issues of depositors. “Both the Finance Minister …

The Electricity Company of Ghana (ECG)in the Eastern Region has retrieved about GH₡949,000.00 from detected illegal connections in the Region last year. The amount represents penalties and surcharges slapped on customers who were caught using electricity illegally in the year 2019. Speaking to the media in Koforidua yesterday, the Acting …

The circuit court has granted bail to founder of defunct UT Bank, Prince Kofi Amoabeng, who is facing charges of stealing and money laundering. The bail granted by Justice Essandor was in the tune of ¢110 million with two sureties who earn not less than ¢2,000. Mr. Amoabeng is also to …

Embattled Menzgold CEO Nana Appiah Mensah (NAM1) is the one who fired warning shots into the air when a horde of his aggrieved customers massed up at his Trasacco residence a few days ago to have a discussion with him in connection with their locked-up funds at his now-defunct gold …

The Electricity Company of Ghana (ECG), is set to commence unannounced nightly swoops to clamp down on illegal users of power nationwide. According to the power company, this move is aimed at cutting down on the increased cases of power theft throughout the year. Speaking to Obuoba FM, General Manager …

The Chief Executive of Volta River Authority (VRA), Emmanuel Antwi-Darkwa, has announced that VRA will supply power to Mali and other West African countries by 2023. “We have the resources to supply power beyond our jurisdiction and dominate the sub-region. We have reasons to believe that we will be dominant …

Waste management expert, Zoomlion Ghana Limited, on Thursday organized their annual get-together that is meant to fete children of employees of the Jospong Group of Companies in Accra.   The over 300 elated children on the day toured the company’s facilities such as the Integrated and Recycling Plant (IRECOP), Sewerage …