Business

Business

GRIDCo demo: ‘Pay GHS1.2bn debt now or no work

December 3, 2019 YAYAH sarkodie

0

Workers of the Ghana Grid Company (GRIDCo) are demanding the release of some GHS1.2 billion owed them or they will completely stop work. Hundreds of the workers demonstrated on Tuesday, 3 December 2019 by marching from the Black Star Square to the Ministry of Finance to present a petition which was received by Mrs Abena […]

Read more

Business

Audio: New higher denominations needless, go cashless- Economist tells BoG

December 2, 2019 YAYAH sarkodie

0

Dr. Sidi Ali , an Economist has advised the central bank to initiate a cashless economy rather than introducing new higher denominations. Governor of the central bank, Dr Ernest Yedu Addison, announced the introduction of ¢100 and ¢200 notes to the country’s currency denomination Friday November 29. Also, ¢2 coins have been introduced. The new notes which go into […]

Read more

Business

New notes waste of public purse – Dery

November 30, 2019 YAYAH sarkodie

0

Edward Kaale-Ewola Dery Member of Parliament for Lambussie-Karni Constituency has chided the New Patriotic Party (NPP) government for introducing new cedi notes. According to him, the introduction of the new notes is a waste of public purse. He said the move is a means to perpetuate corruption. Mr Dery who is the Vice Chairman of […]

Read more

Business

70% of Ghanaians still rely on cash despite plans to go cashless – BoG

November 30, 2019 YAYAH sarkodie

0

The Bank of Ghana (BoG) says its research has shown that 70 per cent of Ghanaians still rely on hard cash for trading in spite of efforts to go cashless. Explaining the decision that went into the introduction of the new GHS200 and GHS100 notes, at a training workshop for members of the Institute of […]

Read more

Business

Central Bank introduces ¢100, ¢200 notes and ¢2 coin

November 29, 2019 YAYAH sarkodie

0

The Governor of the central bank, Dr Ernest Yedu Addison, has announced the introduction of ¢100 and ¢200 notes to the country’s currency denomination. Also, ¢2 coins have been introduced. The new notes which go into circulation Friday were unveiled at a press conference at the Banking Hall of the Bank of Ghana (BoG).  “A lot of thinking went into the […]

Read more

Business

470MW Powership Osman Khan commences power production on natural gas

November 22, 2019 YAYAH sarkodie

0

Karpowership Ghana’s 470MW Karadeniz Powership Osman Khan currently located in Sekondi has commenced power production utilising the country’s indigenous natural gas from the Western region.  In August this year, the Powership departed from the Tema Fishing Harbor to berth at its new location within the Sekondi Naval Base. The 470-megawatt capacity Karpowership, which was berthed and operating from Tema […]

Read more

Business

ndigenous firms in upstream sector caught fronting to face tough action 2020

November 22, 2019 YAYAH sarkodie

0

The Petroleum Commission will next year begin enforcement of relevant laws to revoke operating permits of indigenous companies in the upstream petroleum sector that front for foreign firms.  This significant move in collaboration with the Registrar General’s Department and the Ghana Revenue Authority is to ensure optimal benefits are derived from the country’s local content policy.  Addressing […]

Read more

Business

Ghana’s textile industry to see major transformation – GIPC boss

November 22, 2019 YAYAH sarkodie

0

The Chief Executive of the Ghana Investment Promotion Centre (GIPC) has disclosed that the ailing textile industry is likely to be revamped soon. Yofi Grant disclosed that more than five of the owners of the world’s largest textile manufacturing and chain of stores within the textile industry including H&M are coming to Ghana for a […]

Read more

Business

Steel factory workers call for shutdown of Rider Steel, United Steel over smoke emissions

November 22, 2019 YAYAH sarkodie

0

Some steel factory workers at the Free Zones Enclave at Tema on Monday embarked on a demonstration against smoke emissions in the area.  These workers, all clad in red, are calling on the government to fast track interventions to clamp down on two steel factories – Rider Steel and United Steel – flouting regulations of […]

Read more

Business

2019 KIC AgriTech Challenge: AiScarecrow Technologies, ProSect Feed win $100K first prize

November 22, 2019 YAYAH sarkodie

0

he Kosmos Innovation Center (KIC) Tuesday awarded a sum of $100,000 to the two winning businesses from the 2019 AgriTech Challenge at its concluding Investment Day event. The KIC AgriTech Challenge is Kosmos Energy’s flagship social investment programme supporting young entrepreneurs to become business leaders, able to fuel Ghana’s growth and create jobs in the […]

Read more