The Public Utilities and Regulatory Commission (PURC) has said that the actual upward adjustment in utility tariffs for the third quarter of this year was 31.56% for electricity and 14.30% for water. The Commission in a statement released and signed by its CEO, Dr. Emmanuel K Annan, said the new adjustments in utility tariffs for the third quarter, which would have taken effect from next week Tuesday July 1, 2014, have been suspended in order to make way for the implementation of the second quarter

Alexander Comley has signed a partnership agreement with Hydra Offshore, an indigenous oilfield services company, in developing products for Ghana’s oil sector. Under the agreement Alexander Comley will partner Hydra Offshore in the supply of customised flanges, pipe, tube, fittings, plate, machined / turned parts and associated pipeline supplies. In addition, Hydra Offshore will also lead in the introduction and promotion of Alexander Comley’s products and services in the oil and gas industry

To release the potential of Africa as the beacon of hope for the entire world, there is surely need for Africa to integrate economically to champion this dream. In the post-independence period, integration has been a core element in the development strategy of African countries. The importance that African countries attach to regional integration has been reflected in the high number of integration schemes on the continent. The integration is geared toward empowering Africa to take its rightful position

I grew up in these parts, at Akropong a few kilometres north-east of here. Indeed I spent a year at the Presbyterian Boys’ boarding school at Aburi. I was 11. We woke up at 5, and cut the grass for an hour to warm the body, because there was no hot water. A long and very supple cane was part of the classroom furniture and a Presbyterian teacher’s tool-kit, and it was applied to our buttocks frequently. So ignore my resume; because the foundations of everything I’ve learned I owe to Aburi

Virtual Security Africa Ltd., a system integrator of complete security solutions, has received international recognition for excellence in the delivery of security services and products. The company picked up the International Star for Leadership in Quality (ISLQ) Award (Gold Category) at this year’s Business Initiative Directions (BID) and BID Group One awards. The awards held in French capital, Paris, was presided by Jose E. Prieto, President and CEO of BID, and attended by outstanding personalities

The Public Utilities and Regulatory Commission (PURC) has announced an increase in electricity and water tariffs following a meeting on Wednesday by the Commission. The increase is intended to preserve the real value of the tariffs approved for the utilities at the beginning of this year as the cedi continues to depreciate against the major trading currencies especially the US dollar. The Corporate Affairs Director of the PURC, Nana Yaa Djantuah said the commissioners of PURC have agreed to increase

The National Executive Committeeof the International Chamber of Commerce, ICC-Ghana has paid a courtesy call on the Chief Justice, Mrs. Justice Georgina Theodora Wood, to wish her well as she marks seven years of being in office. The visit was also to inform her about some of the programmes that ICC-Ghana is working on to help train lawyers and judges, especially, in the area of dispute resolution. The delegation comprised the Chairman of ICC-Ghana, Alhaji Asoma Banda, and other Executives. The chairman

The Africa Pharmaceutical Summit -- an event concept that focuses on the pharmaceutical industry across the African continent -- is scheduled to be held in Accra this year, from 10th to 12th September 2014. For the first time since the summit’s creation, Accra will play host to the event which will see players in the pharmaceutical industry and other key stakeholders assembling at the plush Mövenpick Ambassador Hotel to deliberate on the industry and the way forward. Also running alongside the

The National Insurance Commission (NIC) and Petroleum Commission (PC) have put together guidelines to govern the uptake of insurance within the oil and gas industry, with the intention of maximisinge the participation of local insurance companies in the upstream petroleum sector. The guidelines, which were discussed for adoption yesterday among upstream operators, NIC, PC, Ghana Insurance Brokers Association (GIBA) and the Ghana Oil and Gas Insurance pool (GOGIP), are also meant to halt the present

President of the Ghana Employers Association Terence Ronald Darko sees no quick turnaround for the economy as government continues to live beyond its means, warning that business conditions will remain grim going into 2015. Speaking in an interview with the B&FT in Accra on Tuesday, Mr. Darko, who is also the Managing Director of automobile distributor Mechanical Lloyd, underlined the grim prospects confronting companies because of weak demand, high taxes and rising production costs. He said

Fuel shortages have hit town much earlier than expected, days after Bulk Oil Distribution Companies (BDCs) warned of shortages. The warnings of the imminent shortage may have triggered hoarding of the fuel by filling stations, which have been turning cars away since yesterday when the B&FT checked. Senyo Hossi, CEO of the Ghana Chamber of Bulk Oil Distributors, told the B&FT on Monday that the shortages could set in as early as next week if government does not, at least, settle part of the

Sixteen companies, corporate bodies and individuals were awarded at this year’s ‘The New Ghanaian (TNG) Pillars of Modern Ghana’ awards ceremony held at the Volta Hotel, Akosombo, on the 19th of June 2014. Among the participants was Gateway Services Limited (GSL), the premier Destination Inspection Company in Ghana. GSL’s award was in the category of Trade Facilitation. The annual event was the 7th and had the theme “Integrity, the Springboard to Success”. The District Chief Executive