Finance Minister Ken Ofori-Atta is calling on rich countries to consider extending the moratorium on debt servicing from poorer countries. Mr. Ofori-Atta made this call as he ended his tenure as chairman of the joint ministerial committee of the boards of governors of the World Bank and the International Monetary Fund. The Finance Minister urged the G-20 countries to not only extend ...

The Minister of Lands and Natural Resources Kwaku Asomah-Cheremeh has noted that for a long time Ghana has been sitting on another mineral that has the potential to catapult the local economy but it hasn’t been given much attention. This, according to him, is iron, the bedrock for the Iron and Steel industry and the base material for the automobile ...

Government says 232 out of 260 factories under its flagship 1D1F industrialization program are near completion with some operating at full capacity. Trade and Industry Minister, Alan Kyerematen who announced this at the Nation Building Updates held in Accra on Thursday, September 8, 2020 also disclosed that “through the 1D1F government’s initiative, 76 projects have been completed and are in ...

Parliament has approved an amount of US$243.6 million, being Supplier’s Credit Agreement between Ghana and Dongfang Electric International Corporation, for the procurement of Standard Gauge rolling stock (trains). The terms and conditions of the Agreement are that the facility amounts to US$243,600,000, repayment period of 10 years, tenor of 12 years, grace period two years, interest rate of six months ...

Deputy Finance Minister, Kwaku Agyemang Kwarteng has hinted that Ghana will, by the end of 2020, be removed from the European Union’s (EU’s) crimes watch list. According to him, the government together with his outfit have already taken steps to ensure that the country’s name is cleared off the blacklist. He said Ghana has already received convincing responses from the ...

Days after staff and union leaders of the Ghana Airport Company Limited hoisted red flags and banners at the company in demand for removal of their Managing Director for the company Yaw Kwakwa, their colleagues from the Ghana Civil Aviation Authority are also embarking on a protest over encroachment of their lands. The GCAA staff are protesting what they term ...

The suspension of the Agyapa Royalties transaction, pending a corruption risk assessment by the Office of the Special Prosecutor, will be a confidence booster for the country’s prospects on the international capital market, chairman of Parliament’s Finance Committee, Dr. Mark Assibey-Yeboah, has said. In an October 1 letter to the Special Prosecutor (SP), Charles Adu Boahen, a deputy finance minister, ...

Tullow Ghana Limited (TGL), operator of the Jubilee and Tweneboa, Enyenra and Ntomme (TEN) fields, is proud to announce a significant milestone of 300 million barrels of oil production from the Jubilee field. Tullow and its partners; GNPC, Kosmos, Anadarko and Petro SA, in a statement, said they “are proud to be part of Ghana’s remarkable Jubilee story”. “With the ...

Work on a GH¢6.6-million rice-processing factory at Sefwi Akontombra in the Western North Region is scheduled for completion by end of October, this year. The factory is one of five Common User Processing Facilities (CUF) currently under construction nationwide under the government’s One District-One Factory (1D1F) programme to process raw materials into products or convert agro-industrial materials into other products. ...

The “No Payment, No entry” policy for inbound airline passengers, which was deferred last week at the instance of international airlines operating in the country, comes into effect on September 21. By this new policy, incoming airline passengers must pay online for the mandatory COVID-19 test upon arrival at Kotoka International Airport before boarding their flights, according to a directive ...