Business

IDIF at Wassa Amenfi to start by year-end

Conversion of cassava into industrial starch is expected to commence at New Aboi in the Wassa Amenfi Municipality of the Western Region as a One District One Factory (IDIF) initiative by the end of this year. “Clearing land for construction of the Industrial Starch Factory will start this month, and hopefully by December it will be completed for production to ...

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We didn’t swap Aisha Huang for $2bn loan – Natural Resources Minister

Lands and Natural Resources Minister, Kwaku Asomah-Cheremeh has flatly rejected the assertion that galamsey kingpin, Aisha Huang, was deported in exchange for the two billion dollars Sinohydro loan. He was emphatic on Thursday that the loan arrangement was never tied to the Aisha Huang’s case. “With respect to the 194 foreigners that have been deported, the exact figures dealing with ...

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Senior Minster honest with comment on Aisha Huang – Nunoo-Mensah

A former Chief of Defense Staff of the Ghana Armed Forces, Joseph Nunoo-Mensah, says comments made by the Senior Minister, Yaw Osafo Maafo, about Ghana’s decision to discontinue a legal action against Chinese national Aisha Huang were honest. Addressing a town hall meeting in the US, the Senior Minister told Ghanaians there was the need for Ghana to maintain a ...

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Seglemi Housing project referred to Attorney General

Mr Samuel Atta Akyea, Minister of Works and Housing on Wednesday said the Saglemi housing project in the Ningo-Prampram District in the Greater Accra Region has serious challenges resulting in the halt of the project. He said the necessary information including measurement and financials issues have been referred to the Attorney’s General Department for advice as it bordered on contractual ...

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Saglemi housing project was $200m; not $280m – Sampson Ahi

The Minister for Works and Housing under the erstwhile Mahama administration, Sampson Ahi has refuted a publication suggesting that his government was involved in a shady deal which resulted in a reduction of housing units that were supposed to be built for an a mount of two hundred and eighty million dollars ($280m). A report by Daily Guide said the ...

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GPHA staff go red to protest MPS concession deal

Staff of the Ghana Ports and Harbours Authority (GPHA) on Tuesday started a week long red attire protest against some unfavourable clauses in the Authority’s port expansion agreement with Meridian Ports and Services (MPS). The staff are to wear red attires for a week to drum home their displeasure at the MPS concession which the Ghana News Agency learnt would ...

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Ofori-Atta steers World Bank/IMF Development Committee on global dev’t issues

Ghana, represented by Minister for Finance, Ken Ofori-Atta, chaired the World Bank Development Committee meetings in Washington DC, where implicit concerns over employment amid unprecedented demographics, and several crucial developmental issues, were discussed. Ken Ofori-Atta assumed his role as Chairman of the World Bank’s Development Committee at this year’s International Monetary Fund/World Bank Spring Meetings. This is a first for ...

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Ghanaians living abroad sent home $3.8 billion in 2018

Remittances from Ghanaians living abroad to Ghana increased by 7.3 percent to US$3.8 billion in 2018. Remittances to Sub-Saharan African countries in 2018 contributed substantially to the Gross Domestic Product (GDP) of these nations. Transfers grew by almost 10 per cent to US$46 billion, according to the World Bank’s latest Migration and Development Brief. Ghana was among the top 10 ...

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Nationalities of those who died on the Ethiopian Airlines flight

Ethiopian Airlines says it believes 149 passengers and eight crew members were on board a plane that crashed six minutes after taking off from Ethiopia’s capital, Addis Ababa, on a flight to Nairobi. In the latest update, Ethiopian state media reported that all 149 passengers and eight crew on board the Ethiopian Airlines flight died when it crashed shortly after ...

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