The Electricity Company of Ghana (ECG) in the Volta region has lost about GH¢120,000 between November 2018 and January this year due to the destruction of high-tension poles by bushfire. Mr Jones Makumator, Regional Engineer, said in all, 150 high tension poles were burnt during the period interrupting power supply, which resulted in revenue losses. … The post ECG
The future of Ghana’s oil and gas sector as a catalyst to push socio-economic development looks brighter, though the nation lacks pricing policy for her crude. A pricing policy for crude, according to the Ghana Oil and Gas Inclusive Growth (GOGIG), an UKaid project set up to support the nation to manage its oil and … The post Ghana generated $247m from oil sector
Mr David Yenukwa Kombat, Acting Deputy Government Statistician at the Ghana Statistical Service (GSS) on Wednesday revealed that the year-on-year inflation rate for January 2019, decreased by 0.4 per cent. This he said, was measured by the Consumer Price Index (CPI) as 9.0 per cent in January 2019, compared to 9.4 per cent in December … The post Ghana inflation
The US public debt has reached a record high of more than $22 trillion, according to data released by the US Treasury Department. Total outstanding public debt stands at $22.01 trillion as of Feb. 11, the Treasury Department’s daily statement showed Tuesday. “The national debt has now eclipsed $22 trillion, as we added $1 trillion … The post US
The International Monetary Fund (IMF) on Tuesday warned that the ratio of Uganda’s public debt to Gross Domestic Product (GDP) will rise to 49.5 percent by 2021/22 financial year because of continued large fiscal expenditure by the government. The international lending body said over the past five years, Uganda’s budget has been increasing which has … The post IMF
The Australian government has suffered an historic defeat, losing a vote on the floor of the House of Representatives for the first time since 1941. The Opposition Australian Labor Party (ALP) joined forces with the Greens and independent Members of Parliament (MPs) to pass the medical evacuations bill by 75 votes to the governing Liberal-National … The post Australian
Chicago Board of Trade (CBOT) agricultural futures closed higher on Tuesday over optimism on US-China trade talks and upbeat export data. The most active soybean contract for March delivery was up 12.5 cents, or 1.38 percent, to settle at $9.175. March corn was up 5.5 cents, or 1.48 percent, to close at $3.7825 per bushel. … The post US soybeans,
Dr. Emmanuel Nyaamekye, the Principal of Akrokerri College of Education, has called for a change of the language policy in basic schools. He is asking that the English language is taught in the early stages of the child’s education. “When we start teaching the children English language right from the crèche it would help them … The post Principal calls
The World Health Organization (WHO) and the International Telecommunication Union (ITU) issued on Tuesday a new international standard for the manufacture and use of personal audio devices, including smartphones and audio players, to make them safer for listening. The standard was developed under WHO’s “Make Listening Safe” initiative, which seeks to improve listening practices especially … The post WHO,
President Nana Addo Dankwa Akufo-Addo on Wednesday presented the Constitutional Instrument (C.I 114) to Nana Ansah Baah, Omanhene of Yamfo Traditional Area, and head of the delegation from the Ahafo Region, symbolizing the coming into effect of the Ahafo Region. Goaso, the restive city in the Asunafo North Municipality has been chosen as the capital … The post Ahafo Region created,
Hundreds of thousands of married women in the northern part of Namibia will begin to have access to inheritance after the deaths of their husbands, following proposed amendment to an apartheid marriage law recently. The proposed amendment will see more than half of the country’s married women in the northern part of the country being … The post Namibian
The informal sector constitutes 70 per cent of the business arena but just two per cent of them pay their taxes. Mr Richard Hakeem Quainoo, a Chief Revenue Officer of the Ghana Revenue Authority, who announced this on Wednesday, also stated that only 1.5 million of the expected six million taxpayers honoured their responsibilities, with … The post Only 2% in informal
The Food and Agriculture Organisation (FAO) has presented assorted laboratory equipment, reagents and consumables to aid the Veterinary Services Department (VSD) in effectively preventing, diagnosing and managing diseases in animals to prevent public health threats. The Ministry of Food and Agriculture received the large quantity of items, valued at more than $ 70, 000, on … The post FAO
The Japanese Government is providing Ghana a grant of 300 million Japanese Yen ($2.7 million) to procure more vehicles and communication gadgets for the Ghana Police Service to boost its operations and ensure security for nationals and investors. The grants would allow Ghana to purchase close to 100 vehicles and surveillance cars, radio systems and … The post Japan
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