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The Institute for Energy Security (IES) has forecasted a “slight increment” in the price of fuel on the Ghanaian market. “This is irrespective of the 2.5% appreciation of the Cedi against the dollar,” the IES said in a statement. “While some OMCs could keep prices unchanged in order to maintain market...
The Association of Ghana Industries (AGI) has expressed worry about cuts in import duties, saying the decision is inimical to local businesses. At the recent town hall meeting held by the Economic Management Team, Vice President Dr Mahamudu Bawumia announced that government has reduced the benchmark value for imports by...
The Ghana Gas Company Limited has successfully completed its tie in works to the Volta River Authority (VRA) at the Takoradi Regulatory and Metering System (TRMS) at Aboadze in the Western Region.The engineering works was blamed for the recent intermittent power supply popularly known as 'dumsor' experienced across the...
The CEO of Menzgold Nana Appiah Mensah popularly known as NAM 1 has won his court case in Dubai. The court which pronounced judgment Tuesday morning has also ordered the company, with which he had issues, to pay him all outstanding debts, otecfmghana.com has learnt. Speaking to journalists Tuesday, a deputy Attorney General...
The Central Bank has announced it has begun issuing upgraded banknotes into circulation aimed at enhancing security features. “The upgraded banknotes also come with improved durability and machine readability,” the Bank of Ghana said in a circular. Below are details of the statement: BANK OF GHANA INTRODUCES UPGRADED BANKNOTES The Bank of Ghana...
Tesprom Estates Limited is in the real estate development sector to provide affordable housing to the millions of the population here in Ghana without homes. In line with this objective, the company, located in Bekwai in the Ashanti Region, some 270 km north of the country’s national capital, Accra has...
The governing New Patriotic Party (NPP) has described as a game changer, the policy by the Akufo-Addo government to reduce benchmark values of imported goods and auto vehicles by 50% and 30% respectively. Addressing a news conference on Sunday, April 7, at the Party’s Headquarters in Accra, the General Secretary of...
Power Distribution Services has suspended the load-shedding exercise which started today. The company released separate schedules for load-shedding across the country on Friday citing a shortfall in power supply. The statement said the decision was taken after a meeting with the Volta River Authority (VRA) and Public Utilities and Regulatory Commission...
Union Executives of the Bulk Oil Storage and Transport Company (BOST) have distanced themselves from a statement being circulated by some persons who claim to be workers of the company. They also want well-meaning Ghanaians to ignore the allegations being bandied around. They are convinced a group of selfish workers...
The Power Distribution Services, PDS, has released a load-shedding management timetable to guide consumers to plan their daily activities.The load-shedding covers Greater Accra, Ashanti Region, Eastern Region, Central Region, Western Region and Volta Region.The timetable follows a directive by the Energy Minister, Mr John Peter Amewu, to the power...
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