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Troubled gold firm Menzgold has said it is up to the task of paying back locked up investment of its customers. According to PRO of the firm, chief executive officer of the firm, Nana Appiah Mensah also known as NAM...
Excessive importation is killing local steel industry - SMAG tells gov’t The Steel Manufacturers Association of Ghana (SMAG) says the recent increase in electricity tariff and the ever-increasing importation of steel products is killing the local steel industry. Members of the...
Ghana Gas to export to Ivory Coast Chief Executive Officer of the Ghana National Ghana Gas (GNG), Dr. Ben Asante has stated that it is impossible for a country to industrialise without sustainable, reliable and affordable power supply and that,...
Power Distribution Service (PDS) has denied wrongdoing in its concession agreement with the government through the Ministry of Finance. The company, in a statement following government’s announcement of an immediate suspension of the deal owing to the discover of some...
The Chamber of Petroleum Consumers (COPEC) says it intends to protest the increase in the Energy Sector Levies (ESLA) which will increase fuel prices. During the mid-year budget review, the Finance Minister said the government had to turn to the...
Key infrastructure for Dangote refinery leaves China for Lagos Nigeria China’s leading energy and chemical company on Monday (July 29) announced that a completed atmospheric tower it had built was sailing for the shores of Lagos in Africa’s biggest...
Govt suspends concession agreement with PDS The government of Ghana has suspended its concession agreement with Power Distribution Services (PDS) with “immediate effect”, Information Minister Kojo Oppong Nkrumah has announced. “The decision follows the detection of fundamental and material breaches of...
Government has increased the Communication Service Tax from 6 to 9 percent. Finance Minister, Ken Ofori-Atta, made the announcement when he presented the 2019 mid-year budget review to Parliament, Monday. The communications service tax (CST) is levied on charges for the...
The banking sector clean-up and recapitalisation of commercial banks last year, has resulted in private sector credit growth in the first quarter of 2018, the Finance Minister has disclosed. Ken Ofori-Atta in his Mid-year Budget Review presentation in Parliament Monday,...
Government has withdrawn the luxury vehicle tax which was introduced last year. The Finance Minister, Ken Ofori – Atta, in his mid-year budget review in Parliament, said while the tax was introduced to raise revenue, “we have noted suggestions from...

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