Some 11 out of 27 Oil Marketing Companies (OMC) that benefitted from the Gold for Oil policy have failed to reduce prices of their commodities, Dr Amin Adam, the Deputy Minister for Energy has said.
1. The Gold for Oil (G4O) Programme is an initiative of the Government of Ghana to use the existing Bank of Ghana (BoG) Domestic Gold Purchase (DGP) Programme to support the import of petroleum products into Ghana.
The Ghana National Gas Company (GNGC) on Friday signed a Project Implementation Agreement with its joint venture partners to construct a second Gas Processing Plant (GPP Train 2) at an estimated cost of US$700 million.
MTN Group Limited, Africa’s largest wireless carrier, has said a GH¢8.2 billion ($672 million) tax bill it received from the Ghana Revenue Authority (GRA) has been scrapped.
Ghanaians will from today February 1, 2023, start paying more for electricity and water following the upward tariff adjustment announced by the Public Utilities Regulatory Commission (PURC) last month.
The Minister for Works and Housing, Francis Asenso-Boakye (MP) has revealed government’s commitment of GH30m towards the initial implementation of the newly introduced National Rental Assistance Scheme (NRAS).
The Monetary Policy Committee of the Bank of Ghana has increased the Policy Rate by 100 basis points (1 percent) to 28 percent, citing the need to drive inflation downwards.
The Ghana Federation of Labour (GFL) has recommended a 50 per cent haircut on the salaries and emoluments of Article 71 Office Holders as part of the Debt Restructuring Programme and to reduce the pressure on the public purse.
President Akufo-Addo has called on business leaders on the African continent, to as a matter of priority, champion intra-African trade in order to fast-track the implementation of the Africa Continental Free Trade Area (AfCFTA) agreement.
The International Monetary Fund is pushing Ghana’s cash-strapped government to stop borrowing from its central bank, according to people familiar with the matter.
