David Ampofo, the Chief Executive Officer of the Ghana Upstream Petroleum Chamber, has raised alarm regarding the declining state of the oil and gas industry, highlighting that significant potential benefits for Ghanaians are jeopardized by a troubling decrease in production over the past years. According to Ampofo, the sector has witnessed a staggering “32% decline...
Category: Business
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Finance Ministry clarifies ongoing efforts to settle Trafigura arrears
The Government of Ghana has reiterated its commitment to fulfilling its obligations under the Settlement Agreement with Trafigura, with the aim of resolving the matter swiftly. This reassurance follows the circulation of a letter on social media suggesting a delay by the government in executing the agreement. On September 24, Trafigura’s Ghana Power Generation Company...
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Banks told to adopt innovative approaches and flexible lending criteria to SMEs
Head of Business Banking at Access Bank (Ghana), Kafui Bimpe has highlighted the measures banks should follow to address the challenges in the partnerships between Small and Medium Scale Enterprises (SMEs) and banks. He identified common issues including stringent loan requirements, high interest rates, and a lack of tailored financial products for SMEs as some...
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NPP Offers Ghanaians Tangible Reasons to Vote- Miracles Aboagye
Dr. Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP), has been endorsed by his campaign spokesperson, Dennis Miracles Aboagye, as the best candidate to address Ghana’s challenges. Aboagye stated on Facebook that the NPP is the only party that has provided clear reasons for Ghanaians to vote, citing Dr. Bawumia’s specific policy proposals...
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Ghana’s economy grows by 6.9% in second quarter of 2024
The latest data from the Ghana Statistical Service (GSS) indicates that the cumulative economic growth for the second quarter (Q2) of 2024 stood at 6.9 %. This is a significant increase from the 4.7 percent recorded in the first quarter of 2024. The GSS made this known in a statement issued on Wednesday, September 18....
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IEA cancels presidential encounter with Cheddar
The Institute of Economic Affairs (IEA) has cancelled its Presidential Evening Encounter with the founder and leader of the New Force Movement, Nana Kwame Bediako, popularly known as Cheddar. The cancellation comes after Cheddar pulled out of the encounter after he was expected to make an appearance on Wednesday, September 18. Cheddar was expected to...
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Seek Legal Action Over Voter Register Concerns- Ahiagbah to NDC
Richard Ahiagbah, Director of Communications for the New Patriotic Party (NPP), is questioning why the National Democratic Congress (NDC) hasn’t taken legal action to compel the Electoral Commission to conduct a forensic audit of the voter register. Ahiagbah pointed out that in 2016, the NPP, then the opposition party, successfully used the courts to force...
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Cement Prices Won’t Be Controlled, Minister Clarifies
Minister for Trade and Industry, K.T. Hammond, has reassured the public that the government does not plan to impose price controls on cement in the near future. This clarification comes after the recent implementation of a Legislative Instrument (LI) on cement pricing, which sparked concerns about potential price caps. According to Mr. Hammond, the new...
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Alliance for Ghana Party Proposes Two-Year Mining Freeze
Presidential hopeful Dr. John Kpikpi of the Progressive Alliance for Ghana (PAG) has pledged to impose a two-year moratorium on small-scale mining to curb the illicit practice of galamsey and reform the mining sector. This vow comes in response to Ghana Water Limited’s (GWL) recent announcement of reduced water supply to Cape Coast and surrounding...
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Experts Call for Reforms in Ghana’s Educational System at the 10th BPI Lecture
Experts and stakeholders at the 10th Baraka Policy Institute (BPA) public lecture held in Accra have emphasized the need for some critical reforms to improve in the country educational system. This year’s lecture brought together stakeholders to reflect on the state of education in Ghana, diagnose challenges, and chart a way forward, with speakers calling...