Business

Ghana’s pepper faces ban from EU markets

Less than 12 months after the ban on the export of five vegetable crops to the EU market was lifted, Ghana faces another ban on its exports. This time, exported pepper is in danger of being blacklisted over questions of quality. About 24,000 tonnes of pepper is exported from Ghana to the EU annually. The Vegetable Producers and Exporters Association ...

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Ghanaians to benefit from drop in world crude prices; appreciation of cedi soon – NPA boss

Motorists should brace themselves for some good news in the coming pricing window as the National Petroleum Authority hints of a possible reduction in fuel prices. The Chief Executive Officer of the Authority, Hassan Tampuli has suggested that the current trend being witnessed on the market has given a positive indication and is likely to result in prices at the ...

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Government taking steps to safeguard the economy – Bawumia

Government is taking the necessary steps to put in place safeguards to ensure the macroeconomic gains made in the last 21 months are not reversed, Vice President Bawumia has disclosed. A key component of these measures is the expected passage, by the end of the year, of a Fiscal Responsibility Law to cap the budget deficit not to exceed 5% ...

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Bank of Ghana releases list of licensed banks in Ghana

The Bank of Ghana has released a list of banks that are duly licensed and of good standing in the country. The Central Bank is the institution mandated to supervise and regulate the operations of all financial institutions in the country. It is hoped that realising the list of licensed banks will help restore customers’ confidence in the banking sector. ...

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EU envoy lauds ‘Ghana Beyond Aid’ initiative

European Union Ambassador to Ghana Diana Acconcia says the EU is shifting away from the ‘donor-receiver’ kind of relationship with Africa to a partnership kind of relationship. The EU Ambassador disclosed this while presenting her letter of credence to President Nana Addo Dankwa Akufo-Addo at the Jubilee House in Accra on Tuesday. She expressed confidence in the President’s ‘Ghana Beyond ...

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Amewu ‘brags’ over $50m savings in renegotiated Ameri deal

Energy Minister John Peter Amewu is claiming the government has saved $50 million in yet another renegotiated AMERI deal. It will be the second renegotiation of a highly controversial power deal by the government after the first was heavily criticized. Amewu told Evans Mensah on PM Express, a current affairs programme, on Joy News, Monday evening, that government has concluded ...

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Every district will have a factory by 2020 – National Coordinator

The National Coordinator of the One-District-One Factory policy initiative, Hon. Gifty Ohene Konadu, has assured Ghanaians that every district will have its own factory by the end of 2020. She noted some districts will even have more factories than others depending on the raw material potentials they have. Corroborating her claim, she indicated for instance that the Nsawam Adoagyiri District ...

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Bidding for oil blocks must be transpent and efficient – President Akufo-Addo

The President of the Republic, Nana Addo Akufo-Addo, has charged the Ministry of Energy, the Petroleum Commission, Ghana National Petroleum Corporation (GNPC) and the Licensing Rounds Committee to co-operate and ensure that activities under the maiden oil and gas licensing round are carried out in a transparent and efficient manner. Speaking at the launch of the “Ghana Oil and Gas ...

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