Turkish Karadeniz Holding has agreed to provide two electricity-generating vessels to power-hungry Ghana in a 10-year supply deal, the company's chairman said. Karadeniz builds what are effectively floating power stations which plug into electricity grids after berthing. They run on fuel oil but can use natural gas as an alternative The Ghana investment is Karadeniz Holding's first in Africa. It already produces electricity for Iraq and Lebanon, through part of its fleet of seven power

Nokia’s flagship Windows 8.1-run Lumia 630 dual SIM phone has been launched onto the Ghanaian market. The first in the Lumia series with a dual SIM capability; Lumia 630 delivers an unrivalled affordable smart phone experience with a quad-core processor and a ClearBlack 4.5” LCD screen. The latest in the Lumia range is equipped with a quad-core Snapdragon processor which allows it to deliver fast, uncompromised social experiences with Word Flow, Internet Explorer and social media apps like WhatsApp,

The Ghana Ports and Harbours Authority (GPHA) plans to set up a cruise terminal at the Tema Port as it seeks to tap the huge potential of the cruise-ship business as well as resolve the transportation challenges facing traders within the West-African sub-region. Marketing and Public Relations Manager of the Port of Tema, Paul Asare Ansah, in an interaction with the media in Tema noted that the prospects of such a project are bright and that some private companies have already shown keen interest

The Israeli Foreign Minister Avigdor Lieberman said his country is seeking to double its investments in the country to over US$800million by next year. Speaking at the Israel-Ghana Business and Investment Opportunities Summit in Accra, Mr. Lieberman, who is on a two-day official visit to Ghana, said relations between both countries have been very cordial and friendly. “We have enjoyed good economic relations and I am talking about a US$400million investment in Ghana’s economy. Construction, agriculture

Hydra Offshore, an indigenous oilfield services company, has signed a partnership agreement with Alexander Comley Limited, a British-based manufacturing company and pioneer in stainless steel manufacturing in developing products for Ghana’s oil and gas sector. Under the agreement Hydra Offshore Ltd. will partner Alexander Comley in the supply of customized flanges, pipes, tubes, fittings, plate, machined/turned parts and associated pipeline supplies. In addition, Hydra Offshore will also lead in

The Director-General of the Food and Agriculture Organisation of the United Nations (FAO), Jose’ Graziano da Silva, has noted that although important advances in the fight against hunger and malnutrition have been made since the first conference on nutrition in 1992, progress has been uneven and insufficient. Thus, governments have been urged to demonstrate stronger commitments at the upcoming Second International Conference on Nutrition (ICN2) to ensure healthier diets for all, the heads of FAO

Nana Prah Agyensaim VI, Chairman of the Ghacem Cement Foundation, has noted that since foundation its establishment 12 years ago assisted rural or needy communities country-wide with free cement bags at a market value of more than GH₵8.2million to rehabilitate or complete infrastructure in the education and health sector. Ghacem, he emphasised, is committed to improving on its support to Ghanaians -- especially those in deprived communities -- since “everyone deserves to live in a country with

As this year’s Basic Education Certificate Examination (BECE) commenced throughout the country yesterday, a total of 422,946 candidates from 12,562 public and private junior and senior high schools nationwide are expected to write the fate-determining exercise. Even as this Paper joins the thousands of well-wishers across the nation in wishing the pupils the best of luck in this trying moment in the course of their lives, we are equally worried about the state of our future leaders’ preparedness. The

The acute shortage of electricity supply means Ghanaians have to conserve what is available, the Energy Commission has said -- asking consumers to switch off their deep-freezers and other high-energy-consuming appliances between the hours of 6:00pm and 12:00am. Through that singular act, a lot of savings can be made to make sure what is available of the power goes round everybody to ensure there are no interruptions in this World Cup season, the commission said. Deep-freezers are said to consume

The Council of the Kwame Nkrumah University of Science and Technology (KNUST) has renewed the appointment of its Vice-Chancellor, Prof. William Otoo-Ellis, for a two-year second term of office with effect from August 01, 2014 to July 31st 2016. Professor William Otoo-Ellis was appointed Vice-Chancellor of Kwame Nkrumah University of Science and Technology on the 1st of October 2010 for his four-year tenure to steer affairs of the university. At the beginning of his term, he clearly outlined his

Universities in the country have been urged to structure their curricula to benefit society by transforming and also meeting their aspirations. This is the most reason that the Radford University College (RUC) is focused on entrepreneurship, professionalism and scholarship to enable its graduates attain exceptional standards, Dr. Paul Effah, President of RUC, said. He was speaking at the university’s 2014 Graduate Fashion Show held at the Movenpick Hotel in Accra, as part of the university’s

The Innovation Lab of the Catholic University College of Ghana has held a forum for Brong Ahafo creative arts industry stakeholders at the Sunyani Center for National Culture. The forum was aimed at bringing musicians, filmmakers, actors, designers, painters and other creative artists together to discuss challenges facing the industry in the region. In his welcome address, Mr. Prince Marfo Bona, a representative of the Brong Ahafo Centre for National Culture, urged participants to use the event to

The Bank of Ghana says it has abandoned its initial plans to suspend the issuance of new operating licences to microfinance companies. The regulator has so far licenced about 435 microfinance companies and it is seeking avenues to contain the sudden surge of MFCs. Raymond Amanfu, Head of Other Financial Institutions Supervision Department at the central bank, early this year told the B&FT the regulator will freeze the issuance of new licences in order to make supervision less cumbersome. “Honestly,

A questionable GH¢ 2.4million paid by Social Security and National Insurance Trust (SSNIT) to Vanef on behalf of STC, is high on the agenda of an impending meeting of the Board of Trustees of SSNIT, the B&FT has gathered. The meeting of the Board of Trustees is scheduled for the first week in July. The Board of Trustees of SSNIT are responsible for the policy direction of SSNIT. It has representation from government, employers and workers. B&FT yesterday reported that Social Security and

Central Bank Governor Henry Kofi Wampah has called Ghana “a victim of its own success”, since with its new middle-income tag the country is now less able to borrow on concessional terms and must utilise more commercial debt facilities to finance government budget deficits. Delivering the keynote address to policymakers, academics and researchers gathering in Accra this week for the Africa Growth Forum 2014, the Governor, who used his speech to situate the country’s problems within an African