Industry News

MPs to recieve GHC50,000 as rent allowance (1/25/2013) - All 275 members of Parliament are to receive a whopping GH¢50,000 as rent allowance for their term. This works out to GH¢13,750,000 of the public purse. Last year, each MP received GH¢30,000 and there are fears, the figure could double
Ignore Energy Ministry; Load shedding won’t end now – VRA (1/25/2013) - The Volta River Authority (VRA) says the Energy Ministry’s assurances that the ongoing load shedding exercise will end by next week are not true. A communications consultant at the Energy Ministry, Edward Bawa earlier this week told Joy News the
LOAD SHEDDING BACK, ACCRA TO BE WORST AFFECTED (8/29/2012) - Parts of the country will soon be hit with a load shedding from the Electricity Company of Ghana (ECG) due to a technical problem on the West Africa Gas Pipeline. According to the Ghana Grid Company, the technical problem has
WAEC Releases May/June 2012 Provisional Results of WASSCE (8/15/2012) - The West African Examinations Council (WAEC) on Tuesday said it had released provisional results of 163,138 out of the 174,461 candidates who took the May/June 2012 West African Senior School Certificate Examination (WASSCE). A statement issued in Accra by Mr
Ghana, Nigerian bizmen Face-off – FG, Ecowas Intervene (7/20/2012) - Abuja — Nigerian government in collaboration with the Economic Community of West African States, ECOWAS, is working with the Ghanaian government to reconsider its harsh condition imposed on Nigerian businessmen in Ghana.Under the policy, businessmen are required to have an
The-ten-nations-with-the-highest-unemployment-in-the-world (7/18/2012) - The global unemployment problem is so huge that the total number of jobless in the ten most populous nations in the world totals 1.1 billion. That is only slightly smaller than the population of China. Macedonia’s 33.8% unemployment rate is
Tigo Ghana cuts call rates ahead of Glo launch (11/6/2011) - Tigo Ghana has launched a new call rate package of GHP 3 per minute for on-net calls, and GHC 8 per minute for all network calls, Myjoyonline reported. The GHP 8 per minute off-net calls is a default rate; customers
Stakeholders in health delivery meet in Koforidua (10/6/2011) - Koforidua, Oct 06, GNA – Stakeholders in health delivery including development partners, traditional authorities, have met in Koforidua to discuss the accelerated reduction of maternal deaths to meet the target of the Millennium Development Goals (MDG). Also in attendance was
Teak-1 Well Discovers Hydrocarbons Offshore Ghana (10/2/2011) - Tullow Oil plc (Tullow) announces that the Teak-1 exploration well in the West Cape Three Points licence offshore Ghana has discovered approximately 73 metres of net hydrocarbons in two Campanian and three Turonian-aged reservoirs. The well was located 4.6 km
Good news for Tullow Oil – Ghana (9/28/2011) - Tullow Oil has said a well drilled off the coast of Ghana confirmed an extension to its Enyenra oil field. This brings it closer to commercialisation of another oil field in the West African country. Tullow said the Enyenra-3A appraisal
Ghana Tema refinery says to restart by next week (9/8/2011) - Ghana’s 45,000 barrel-per-day Tema oil refinery will likely restart by next week after a cargo of Nigerian crude oil arrives, the plant’s manager told Reuters on Thursday. Reda more emailprint
Ghana Cedi Drops 1st Day in Seven on Dollar Demand for Imports (8/29/2011) - Ghana’s cedi dropped for the first time in seven days against the dollar as traders bought the U.S. currency to pay for imports. The currency of the world’s second-biggest cocoa producer depreciated as much as 0.3 percent to 1.5295 per
Firms renew interest in search of oil deposits (8/10/2011) - A fresh round of exploration is expected in the local oil and gas sector starting next month as several leading firms prepare to sink test wells. Two leading companies, Tullow Oil and Africa Oil, are expected to kick off new
Tullow Oil announces acquisition of Ghanaian interests of EO Group Limited completed (7/26/2011) - Further to the announcement made on 26 May 2011 in relation to the conditional acquisition of the Ghanaian interests of EO Group Limited for $305 million, Tullow Oil plc (Tullow) is pleased to announce that all of the conditions to
Ghana establishes National Gas Company (7/22/2011) - Mr Armah Kofi Buah, the Deputy Minister of Energy, on Friday said parliament had approved the formation of Ghana National Gas Company to manage the sector. He said the company would see to the transportation and development of infrastructure in
Government expects to earn GH¢1.25 billion from oil (7/17/2011) - Ghana’s total oil revenues, based on an average daily production of 84,737 barrels at an estimated price of 100 dollars a barrel, is forecast at GH¢1.25 billion for 2011, Dr Kwabena Duffuor, Minister of Finance and Economic Planning, said on
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