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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 Accountability Committee (PIAC) launched Wednesday June 22, 2016 shows. …

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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 of the GRA’s total direct taxes and comprised – mineral royalties, pay as …

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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 that they aimed at becoming employers but not employees, when he addressed the maiden …

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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), ECOWAS Bank for Investment and Development, the International Fund for Agriculture and Development …

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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. The most affected products were cocoa, petroleum products and wood. According to a report on …

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UN opposes IGP’s election day social media ban – Ibn Chambas

The United Nations Special Representative for West Africa and the Sahel Dr Mohammed Ibn Chambas has stated that the UN would not support the social media ban on election day reportedly being considered by the Inspector General of Police. Opting to tread cautiously, Dr Ibn Chambas who came on a …

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Power for All queries AfDB’s New Deal on Energy for Africa

Power for All has queried the African Development Bank’s New Deal on Energy for Africa. The Deal launched at the Bank’s 51st Annual Meetings in Lusaka, Zambia, is a partnership-driven effort with the aspirational goal of achieving universal access to energy in Africa by 2025, the Bank announced. The African …

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Vigilante groups a threat to Ghana’s peace – Ibn Chambas warns

Dr Mohammed Ibn Chambas has repeated that the presence of vigilante groups in Ghana is a major threat to the conduct of peaceful elections in November. Speaking during  a media engagement on Friday May 17, after his second fact-finding mission to Ghana this year, Dr Ibn Chambas reiterated the UN’s …

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No African leader found worthy of 2015 Ibrahim Prize

The Mo Ibrahim Foundation has announced that there is no winner of the 2015 Ibrahim Prize for Achievement in African Leadership. The award is meant for a recent former African head of state that was democratically elected and demonstrated exceptional leadership and governance during their constitutionally mandated term. The foundation …

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Delay in passing new Petroleum Bill into law a shame – Dr Manteaw

The Chairman of the Civil Society Platform on Oil and Gas (CSPOG) Dr Steve Manteaw says the country needs to be ashamed for the delay in passing the Petroleum Exploration and Production Bill to replace the current law. The bill which has been in parliament for some years now, is …

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