GRIDCo records GH¢41.5m net loss

The Chief Executive of Ghana Grid Company Limited (GRIDCo), Mr William Amuna, has said significant cash flow challenges in 2014 saw the company record a net loss of GH¢41.5 million. The cash flow challenges arose mainly because of the…

Ghana reduces poverty to 21.4% – World Bank

The World Bank Group says strong economic growth in Ghana within the past two decades has helped cut the poverty rate in half, from 52.6 per cent to 21.4 per cent between 1991 and 2012. Ghana’s poverty rate in 2012 was less than half the…

VRA owes WAPCo $181m for gas supply

Mr Walter Perez, Managing Director of West African Gas Pipeline Company (WAPCo), said the Volta River Authority (VRA) has received gas and pipeline-related transportation service totaling $231 million. He said out of the said amount, the…