Prof. K.T. Djan-Fordjour, Rector of the Sunyani Polytechnic, says many of the experienced staff of the institution retired in the last two years, while many others are also close to their retiring age. The rector said the polytechnic has not been able to employ to replace them or re-engage the retiring staff on contract, due to difficulty in getting clearance from the Ministry of Finance. The trend, he stated, if not addressed will compel school authorities to halt running of some programmes.

The UK Government and The Daily Mail Group will host President John Mahama and other African leaders at a two-day investment forum, the ‘Global African Investment Forum’ in October, to drive the Ghanaian economy through bilateral meetings with over 450 international banks and investors. The event is designed for less talk and more transactions as Ghana stakes its claim in the future investment landscape of Africa. The forum, which is expected to be the biggest-ever gathering of African leaders

Fidelity Bank Ghana Limited has acquired 100 percent ownership of ProCredit Savings and Loans Company Limited, otherwise known as ProCredit Ghana. A statement jointly issued by Fidelity Bank Ghana Limited and ProCredit Holding Germany (PCH) said that the two entities “have agreed, in principle, for Fidelity to acquire 100% ownership of ProCredit Savings and Loans Company Limited”. The transaction, which is subject to Bank of Ghana and shareholders’ approval and the completion of other closing

Salt producers in the Ada Songhor salt enclave have asked government for a US$5 million investment assistance to help them increase production by about 10-fold. The producers said salt production, which currently stands at about 300,000 tonnes per annum, could go up to 3 million tonnes when the investment is made to address challenges at the production site. The appeal comes in the wake of the Ministry of Lands and Natural Resources’ pledge to revamp the salt industry. The Executive Director

Instead of heeding expected IMF advice to cut public-sector jobs, increase taxes and add to the burden of Ghanaians, government should look within and cut down the wastage to bring the economy out of the woods, Seth Adjei Baah, president of the Ghana Chamber of Commerce and Industry, has said. “All the things that they are proposing are going to put a lot of pressure on the ordinary Ghanaian,” he told the B&FT in reference to the IMF and the austere measures it is wont to prescribe for the

The Takoradi 3 (T3) thermal plant, with an installed capacity of some 132 megawatts, has come under intense scrutiny over the past few months from energy analysts. While some have attributed the challenges bedevilling the installation to the type of machines, others have blamed the gods of the area for the inconsistency in power generated by the 132MW installation. A source close to the issue told the B&FT: “The problem is that at the time of handing over the project, the machine had not

ZTV Ghana, a wholly owned Ghanaian television station, has pledged its support to the Ebola Education Fund. The station will be broadcasting events and activities associated with the Ebola Education Fund as its contribution to the fund. The station aims to develop good quality informative, educative and entertaining programmes for viewers to identify with content, style and presentation. Located at Tse Addo behind Trade Fair, at Fire Junction within the Goil fuel filling station, ZTV is currently

Business Advisors who have requisite skills in business and serve as the Extension wing of the National Board for Small Scale Industries (NBSSI) will now offer meaningful advice to entrepreneurs. This is expected to complement efforts made by sister agencies, such as Food and Drugs Authority (FDA), Ghana Standards Authority (GSA) and some local authorities. Mr. Lukman Abdul-Rahim, Executive Director of NBSSI, says manufacturers and processors in Ghana must think and devise new methods in order to

The Plasti-Thon Ghana Challenge, a competition designed to inspire schoolchildren make plastic recycling part of their everyday routine and way of life, will be formally launched in October 2014 in Accra under the theme “Tackling Plastic Waste to Secure Our Future: A Must, Not A Choice for Every Child”. The challenge, which will be open to basic and junior high schools (JHS), will encourage them to collect used and clean plastic-waste. In gathering plastic for this competition, the schools will

The Ghana Export Promotion Authority (GEPA) says individual companies in Turkey have shown interest in buying honey from Ghana, but the volumes cannot be met now. Mr. Stephen Normeshie, General Manager, GEPA, said the Authority will organise the honey producers to train them on group marketing, thus enabling them to meet the demands of these companies. Mr. Normeshie, who was speaking on the sidelines of the 83rd Izmir International Fair in Turkey, said the Authority will also meet the producers to