Wednesday, December 11, 2019

Depreciating Cedi cause of fuel hike – Minority

The minority in Parliament has blamed the increment in fuel prices on the depreciation of the cedi. Ranking Member of the Mines and Energy committee of Parliament Adams Mutawakilu says the incompetence of the Vice...

Tullow Oil CEO quits over poor production from Ghana fields

Tullow Oil Plc’s chief executive officer and exploration director quit after the company cut its production outlook and suspended the dividend. The shares tumbled, deepening their loss for the year to more than 60%. CEO...

Tullow Oil CEO quits over poor production from Ghana fields

Tullow Oil Plc’s chief executive officer and exploration director quit after the company cut its production outlook and suspended the dividend. The shares tumbled, deepening their loss for the year to more than 60%. CEO...

Menzgold to announce payment schedule Dec. 18

Menzgold has said it will announce a payment schedule and formula for its customers on December 18. It comes after the company asked customers whose funds have been locked up to visits centres across the...
Ken Ofori Atta - Minister of Finance

Banking cleanup: Finance C’ttee rejects Ofori-Atta’s GHC15b request

Finance minister Ken Ofori-Atta has failed to secure approval from the finance committee of parliament for an amount of 15.6 billion cedis for the banking sector clean-up. The additional amount, according to a memorandum to...

NCA sanctions MTN over network challenges

The National Communications Authority (NCA) says it has sanctioned Mobile Network Operator (MNO), MTN Ghana, for "failing to comply with directives which were issued to them following some challenges with their network recently". The Authority...

Leave LBCs alone – farmers fume at COCOBOD

Some Cocoa farmers have warned Ghana Cocoa Board (COCOBOD) to stay away from Licensing Buying Companies across the country following a directive by COCOBOD to LBCs to desist from providing some incentives to farmers. Days...

Be submissive if you want your shops opened – GUTA to Nigerian traders

The Ghana Union of Traders Association (GUTA) has asked their Nigerian counterparts at the Nkrumah Circle to be submissive if they want their closed shops opened. "At the end of the day, we may open...

GUTA attacks: Akufo-Addo has spoken like a father – Nigerian traders

The Nigerian traders Association in Ghana has praised President Akufo-Addo over his stance in their impasse with the Ghana Union Traders Association. According to the secretary general of the Nigerian traders union Evaristus Wankor, the...

NPA commissions six standard retail outlets for the supply of premix fuel

The campaign by the National Petroleum Authority (NPA) to promote safety in the petroleum downstream sector has received a major boost with the commissioning of six standard premix retail outlets. Three of the outlets are...