In a COVID-19 era where National Oil Companies (NOCs) in the world are grappling with uncertainty, Ghana ignores global energy evolution at its own peril, international experts in the oil and gas space have warned. Advisor with the Natural Resource Governance Institute (NRGI) Patrick Heller maintains that with lots of International Oil Companies (IoCs) revising …
Month: August 2020
Members of the Governing Council and Executives of GARIA Distinguished GARIA Members, Distinguished Resource Persons Invited Guests, Ladies and Gentlemen Good morning. I bring you warm greetings and felicitations from Governor Ernest Addison and the entire management team of the Bank of Ghana. I am truly humbled to have been called upon to give the …
Mr Wendell Quartey-Papafio, Kpando Municipal Officer, Fisheries Commission, has said illegal fishing practices by fishermen plying the Volta Lake has rendered the Lake almost lifeless. He said “gone were the days when fish caught in the Lake were mature, nutritious and healthy” but the use of illegal fishing practices and use of offensive materials such …
The Governor of the Bank of Ghana, Dr Ernest Addison, has stated that all customers of the nine (9) failed banks, and over ninety-five percent (95%) of customers of Specialised Deposit-taking Institutions (SDIs), which were affected by the banking sector clean-up, have received their deposits. According to Dr Addison, the first phase of the banking …
To reduce the alarming cases of staff-orchestrated fraud in banks, the regulator – Bank of Ghana – has ordered banks to take a raft of measures, which include taking staff through police vetting to determine whether they have any criminal history, before employing them. This comes after the Banking Industry Fraud Report published by the …
The Producer Price Inflation (PPI) rate fell slightly in July to 9.3 percent compared with a revised 9.5 percent recorded in June. The month-on-month change in producer price index between June 2020 and July 2020 was 1.7 percent. The Ghana Statistical Service explained that the marginal decrease in all Industry Inflation Rate from 9.5 percent …
Mobile Money vendors have bemoaned the current armed robbery attacks targeted at them. According to these vendors, their safety is no longer guaranteed as they have become a target for robbery. Each passing day, they hear of a member being robbed in broad daylight. The complains follows a 26-year-old mobile money vendor who was shot …
An indigenous firm, SunPower Innovations, has said it is ready to partner the government to produce and deliver solar energy to businesses and communities in Ghana. According to the founder and the Chief Executive Officer, Ernest Amissah, it is time for the government and other development funding institutions to partner indigenous companies like SunPower Innovations …
The Institute for Energy Security (IES) wants government to help establish a green bank as well as explore the idea of offering renewable energy bonds – if it is truly committed to adding renewable energy to the country’s energy mix and helping industry get access to cheaper power. This, when done it says, could whip-up …
MTN Ghana says it would exploit the several opportunities in the digital and financial services space and invest in infrastructure to further accelerate the company’s growth in the future. Chief Executive Officer of MTN Ghana, Mr Selorm Adadevoh told a virtual shareholders meeting on Thursday that the company would continue to stick to the drivers …