Business

Oil falls to nearly $56 a barrel, its lowest in a year

Oil prices fell on Monday to their lowest in more than a year, dragged down by worries about lower demand in top crude importer China after a new coronavirus outbreak spread from there to about 20 other countries. Brent crude was at $56.26 a barrel by 9.26 am GMT, down 36 US cents. Prices dropped by more than a $1 ...

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Ghana cedi ranked best performing currency in the world against the dollar – Bloomberg

Ghana’s cedi, the world’s best-performing currency against the dollar this year, extended its advance on Monday as investors await a Eurobond sale that would bolster the government’s coffers. The currency of the world’s second-biggest cocoa producer has strengthened 3.9% in 2020, the most among more than 140 currencies tracked by Bloomberg, a turnaround from last year, when it weakened 13%. ...

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Universele oplader mogelijk verplicht in Europa: Europese Commissie bereidt wetgeving voor

De Europese Commissie wil fabrikanten van mobiele telefoons gaan verplichten die in de EU te leveren met een universele oplader. Ze bereidt een wetsvoorstel voor dat in het derde kwartaal van dit jaar voorgesteld wordt, zo staat in het vandaag gepresenteerde werkprogramma van de Commissie. De maatregel moet de opstapeling tegengaan van snoeren en stekkers die in vrijwel elk huishouden ...

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Government won’t be lured into operating outside budget – Bawumia

The Vice-President, Dr Mahamudu Bawumia, has said that the government will not be tempted by the election-year fever to embark on projects outside its approved budget for the year to forestall budget overruns. He said the government was conscious of and determined to maintain fiscal discipline and that most of the projects that it wanted to undertake had already been ...

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Any government that buys ambulances must be commended – Alex Segbefia

Former Minister of Health under John Dramani Mahama’s administration, Alexander Segbefia has said even though his party is ‘not so happy’ with President Nana Addo Dankwa Akufo-Addo, he [The President] must be praised for the purchase of ambulances for the health sector. “Any government that invest in buying ambulances for the country should be commended . . . there is ...

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Over GH¢5 billion paid to road contractors since 2017 – Minister

Government has so far paid over five billion Ghana cedis as outstanding arrears to road contractors since 2017, Mr Kwasi Amoako-Atta, the Minister of Roads and Highways, announced this in Accra, on Wednesday. Government made the payment through the Consolidated Fund and the Road Fund to contractors with Interim Payment Certificates (IPCs) at the cut-off date of August 2019. Government ...

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‘Military-protected bosses’ behind resurging galamsey – Forestry Commission

Powerful people with military protection are those behind the resurgence of illegal mining in Ghana’s forests, the Bekwai District Manager of the Forestry Commission, Mr Rexford Twum-Damoah has revealed to journalists. The Bekwai forest reserve in the Amansie Central District of the Ashanti Region is one of the areas bearing the brunt of the return of galamsey as some seven ...

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90% of ‘galamseyers’ have ceased operations – Frimpong-Boateng

The Minister of Environment, Science, Technology & Innovation, Professor Kwabena Frimpong-Boateng has said that about 90% of illegal small-scale miners (galamseyers) have ceased operations since the Operation Vanguard Team was established almost three years ago. “I can say 90 percent, by and large, [of] those who are doing galamsey, I can say about 90 percent have stopped. These galamsey people ...

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Government ready to distribute 307 Ambulances on Tuesday – Oppong-Nkrumah

The commissioning and distribution of 307 Ambulances to all the 275 constituencies nationwide as part of efforts to improve emergency healthcare delivery in Ghana would take place on Tuesday, January 28. Mr Kojo Oppong Nkrumah, the Information Minister, who announced this at a news conference in Accra on Sunday, said the digitised ICT system, tracking devices and labelling had been ...

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