The Institute for Energy Security (IES) is predicting a marginal increase in fuel prices at the pumps in Ghana in the first pricing window of June 2021. The price of fuel on the local market remained stable in May despite an expected marginal increase by the Oil Marketing Companies (OMCs) […]
Business
Politics in Ghana is business, not service to the people anymore – Salinko
Kumawood actor Salinko, known in private life as Abraham Davis, has said politics in Ghana is a business, not service to the people anymore as many believed. According to Salinko, if politics wasn’t a business entity, people like himself would have gotten the platform to join Ghana’s legislative body. He […]
Ghana must hold down on non-concessional borrowing – World Bank President
The World Bank President David Malpass is asking Ghana to reduce its non-concessional borrowing because of its impact on future generations. According to him, “holding down the non-concessional debt means higher interest rate debt because that burdens the further generations.” Mr Malpass was responding to a question posed by Joy […]
Gas production experiences significant rise – PIAC Report reveals
The increase in production was about 40 per cent over the 2019 volume of 169,508.61 MMSCF of raw gas produced from the Jubilee; Tweneboa, Enyenra, Ntomme (TEN); and the Sankofa Gye Nyame (SGN) oil Fields. The 2020 PIAC Annual Report on the management and use of petroleum revenues obtained by […]
Finance Minister defends establishment of Development Bank Ghana
Finance Minister, Ken Ofori-Atta, has defended government’s decision to set up the Development Bank Ghana (DBG). The Minister says the Bank is a major part of the GHS100 billion CARES ‘Obaatampa’ program aimed at dealing with the devastating economic effects of the COVID-19 pandemic. “DBG is a key pillar in […]