The International Energy Agency (IEA) expects the U.S. to challenge Saudi Arabia’s position as the world’s leading oil exporter, after briefly overtaking the OPEC kingpin to claim the number one spot earlier this year. “Booming shale production has allowed the U.S. to close in on, and briefly overtake, Saudi Arabia as the world’s top oil exporter,” the IEA said in …
Month: September 2019
President Nana Addo Dankwa Akufo-Addo says his Government remains committed to protecting the public purse. According to President Akufo-Addo, “in spite of the recent happenings at the PPA surrounding its suspended acting CEO, GH¢2.75 billion has been saved for the public exchequer from January 2017 to July 2019 as a result of the PPA reviewing …
The Chamber of Agribusiness Ghana signed an MOU with African Fertilizer and Agribusiness Partnership (AFAP) to collaborate on development activities to strengthen SMEs and promote sustainable growth of Ghana’s agriculture sector at AFAP regional office in West Legon, Accra. The CEO of the Chamber of Agribusiness Ghana, Farmer Anthony Morrison, elaborated that the MOU between …
The total value of mobile money transactions for the first six months of this year reached 140.2 billion cedis, up from the 104.6 billion cedis recorded in the same period in 2018. Data released by the Bank of Ghana shows that this represents a 34 percent rise in the value of transactions recorded for the …
The Institute of Chartered Accountants (ICAG) has sanctioned four audit firms for shortfalls in their professional duties to comply with the required International Auditing Standards. ICAG has therefore fined the four auditing firms a total over GH¢2.2 million. The breakdown includes Deloitte & Touche – GH¢1,150,000, PKF Chartered Accountants – GH¢550,000, J. Mills Lamptey & …
The Bank of Ghana (Bank of Ghana) has warned against the pricing, advertising and receipt or payment for goods and services in foreign currencies. This is the third time this year the BoG has issued the notice prohibiting the act after similar calls in April and May. Some institutions and individuals trade in foreign currencies …
Up to 10,000 women entrepreneurs in Africa are to benefit from £30 million UK aid, to help break down barriers, holding them back from starting and growing businesses. “Unleashing the economic potential of women will boost African economies, trade and investment opportunities and increase global prosperity, which is in the interests of the UK and African countries,” the UK’s Department for …