The Central African nation’s May 6 election appears to offer voters a choice. But it’s been masterminded, analysts say, to rubber-stamp the rule of the incumbent, Mahamat Idriss Déby.
As Ghana’s banking sector approaches the crucial milestone of publishing financial results by the end of April 2024, it’s essential to remember that these figures are not mere numbers but a measure of the health of our financial institutions, which is the backbone of our nation’s economic prosperity. Financial results of banks offer valuable insights […] The post Icebergs
Flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, is expected to commence the 2024 General Election campaign on Monday, April 29, 2024. In a press statement signed by the Director of Communications for the Bawumia Campaign, Dennis Miracles Aboagye disclosed that Dr. Bawumia will start the campaign with the Eastern Region. According to […] The post Bawumia begins 2024 election
Franklin Cudjoe, the CEO of IMANI Africa, has expressed concern for the people of Ghana amidst the current challenges in the energy sector. In addition to the irregular power supply, Ghanaians are grappling with a rise in fuel prices. Fuel prices were raised by several Oil Marketing Companies (OMCs) on April 16, 2024, marking the […] The post Energy
The University of Energy and Natural Resources (UENR) has extended its gratitude to the Inspector General of Police, Dr. George Akuffo Dampare, for his personal intervention in addressing the recent robbery incident targeting students and lecturers on the Odumase-Badu road near Sunyani in the Bono Region. The incident, which occurred on Tuesday, 16th April 2024, […] The post Your
Sydney Nii Ayitey Tetteh, Executive Vice President, Energy and Infrastructure at Stanbic Bank Ghana, has emphasized the important role of financial institutions in the soon to be implemented wholesale electricity market. He made this statement at the Electricity Market Conference held at the Volta Residence, Akuse in the Eastern Region. The Electricity Market Conference had […] The post Stanbic
Asantehene, Otumfuo Osei Tutu II, has urged the government to diversify companies it cannot maintain and run efficiently. According to him, there are a number of government companies and entities that are struggling that can do well with private partnerships. He disclosed this during the commissioning of a 430-kilometre natural gas pipeline by Genser Energy […] The post Don’t
The ministry of finance has affirmed that ongoing negotiations regarding debt restructuring with creditors have not culminated in failure. Through a tweet, the ministry clarified that an interim agreement has been reached between Ghana and bondholders, but adjustments are necessary to align with IMF debt sustainability targets. “Ghana and Bondholders reached an interim deal, which […] The post
Energy analyst and Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII, has stated that the government did no wrong in renaming the AMERI power plants to Kumasi 1 Thermal Power Plant (K1TPP). He said the renaming of the Africa and Middle East Resource Investment (AMERI) plants to Kumasi 1 Thermal Power […] The post K1TPP: There’s absolutely
Ranking member of the Mines and Energy Committee of Parliament and MP for the Yapei-Kusawgu constituency, John Abdulai Jinapor, has stated that the NDC will no longer countenance attempts by the Akufo-Addo-Bawumia government to rename projects commissioned under former President John Dramani Mahama. Mr. Jinapor’s comments follow reports that the government is set to commission […] The post Akufo-Addo
The Executive Director of the Alliance for Social Equity and Public Accountability (ASEPA), Mensah Thompson, has accused the Ghanaian government of intentionally sabotaging the operations of the Tema Oil Refinery (TOR) to pave the way for its sale to Sentuo Oil Refinery Limited. Thompson alleges that this move is aimed at granting Sentuo Oil Refinery […] The post Government
The Ghana Electrical Contractors Association (GECA) has expressed a firm conviction that the Electricity Company of Ghana (ECG) does not need a special upward tariff adjustment to resolve its challenges especially with forex losses. The power distribution company, ECG is seeking a 34% increment on the current tariff. Key among the reasons given for the […] The post ECG
The Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama has said that requests from the Ghana Grid Company (GRIDCo) for load management have become an irritation to customers. He explained that the requests have become so frequent that they are now a source of disturbance to customers. This is contained in […] The post GRIDCo’s
The Mines and Energy Committee of Parliament has tasked the Electricity Company of Ghana (ECG) to fast-track processes to ensure that consumers receive a load-shedding timetable in the coming days. At a crunch meeting with stakeholders in the energy sectors in Accra, the Chairman of the Committee, Samuel Atta Akyea, told the media that the […] The post Energy Committee tasks ECG to
The Ghana Private Road Transport Union (GPRTU) has expressed dismay over the sudden reversal of the Price Stabilization and Recovery Levy on petroleum products by the National Petroleum Authority (NPA). The National Petroleum Authority (NPA) on April 4, 2024, instructed all Oil Marketing Companies and related stakeholders to impose a levy of 16 pesewas per […] The post Suspension
The Executive Director for the Institute for Energy Security (IES), Nana Amoasi VII, has cautioned that Ghana could lose the electricity export market if President Akufo-Addo’s directive to curtail power continues. President Akudo-Addo, in a letter to the Volta River Authority (VRA), ordered the retention of power exports for domestic use in response to the […] The post Ghana
By Dr. Richmond ATUAHENE Abstract The present paper examines the issue of the current Ghana’s public debt crisis, its underlying causes and lessons for the present and the future. After providing a historical discussion, we show that the austerity of the last four years has been unsuccessful in stabilizing the debt while, at the same […] The post The
In a significant move towards ensuring environmental sustainability and responsible resource management in Ghana’s energy sector, Tullow Ghana, Unit Operator of the Jubilee field, along with its partners – Ghana National Petroleum Corporation, Kosmos Energy, Kosmos Energy Ghana Investment, PetroSA, and GNPC Explorco – has officially signed an agreement to establish a Decommissioning Trust Fund […] The post Tullow,
In the annals of history, there are tales of remarkable women who defied the odds, shattered stereotypes, and blazed trails in fields traditionally dominated by men. From Marie Curie’s groundbreaking work in physics to Rosa Parks’ courageous stand for civil rights, these women have left an indelible mark on the world, inspiring generations to come. […] The post
By Joshua Worlasi AMLANU In a comprehensive update on Ghana’s debt restructuring programme, Finance Minister Dr. Mohammed Amin Adam has highlighted the government’s ongoing efforts to restore fiscal sustainability and foster economic recovery. Speaking at a press briefing, the Minister emphasised the significance of upcoming discussions with bondholder representatives to advance restructuring engagements. “In the […] The post
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