Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Lead
US aims at doubling bilateral trade with Ghana to $2.4b
The US government says it is aiming at doubling bilateral trade with Ghana, currently at $1.2 billion, the country’s Ambassador to Ghana, Robert P. Jackson has said.
Speaking at a reception to commemorate the 240 Independence Day…
Jubilee fields produce 37.1 million barrels of oil in 2015, with total receipts of $374m
Ghana produced more oil in 2015 from the Jubilee oil fields than the country did in 2014.
Figures published by the Public Interest and Accountability Committee in its 2015 annual report indicates that 37,167,225 barrels of oil was…
Rising non-performing loans of Ghanaian banks is credit negative – Moody’s
Rising non-performing loans (NPL) in the Ghanaian banking industry even though, bad for business, is not ending soon, a new report by Moody’s says. The situation, according to the rating agency, is credit negative for the banks.
In a…
Moody’s changes UK government sovereign bond outlook to negative after Brexit vote
Moody’s Investors Services Friday June 24, 2016 changed the UK government’s sovereign bond outlook from stable to negative.
In an announcement sent to ghanabusinessnews.com, Moody’s says the outlook on the UK's long term issuer and debt…
State agencies can’t trace Oranto/Stone Energy to collect $67,000 royalty owed Ghana
An oil company that operated in the country and owes the Ghana government some money appears to have vanished into thin air, and it is not clear which government agency should find the company and retrieve the debt.
The Public Interest…
VRA owes Ghana Gas $228m, and not sure when it would pay
The Volta River Authority is highly indebted to the Ghana National Gas Company (GNGC), owing as much as $227.78 million for the supply of lean gas produced from the Atuabo Gas Processing Plant, the annual report of the Public Interest and…
Mining companies in Ghana pay GH¢463b corporate tax in 2015
The Mining Industry last year, paid GHȼ463.12 billion in taxes to the Ghana Revenue Authority (GRA), Mr. Sulemanu Koney, Chief Executive Officer (CEO) of the Chamber of Mines, has announced.
The figure, he said, represented 14.8 percent…
President Mahama urges graduates to venture into business
President John Dramani Mahama has urged university graduates to be more creative and innovative to create jobs for themselves and others.
They should form business groups and come out with ideas to establish enterprises.
He asked…
Proposed SADA bank out of range for World Bank, AfDB financing programmes
The Savannah Accelerated Development Authority (SADA) has announced that it has received clearance from the Ministry of Finance to establish a bank, and it’s CEO, Mr. Charles Abugre has named the World Bank, African Development Bank (AfDB),…
Alarming increase in trade misinvoicing in Ghana since 2007 – report
According to data on illicit financial flows in and out of Ghana gathered by Global Financial Integrity (GFI), a Washington-based non-profit organization, illicit financial outflows from Ghana have risen sharply since 2008 to record levels.…