Business Archives - Page 42 of 59

March 13, 2024March 13, 2024

Recurring Debt In Energy Sector Is Threat To Economy- Minority Leader In Parliament

Minority Leader in Parliament, Dr Cassiel Ato Forson, has said the compounding debt in the energy sector remains the biggest threat to the local economy. Accusing the Akufo-Addo-led administration of creating the mess in the energy sector, Dr Ato Forson asserted that

March 13, 2024March 13, 2024

ECG MD Must Be Transparent About Dumsor – John Jinapor

Ranking Member of the Mines and Energy Committee of Parliament, John Jinapor, has charged the Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama, to be transparent about the challenges in the power sector. According to him, the

March 12, 2024March 12, 2024

PFJ 2.0 Targets Over 2m Farmers As Registration Officially Opens

The Ministry of Food and Agriculture (MoFA) has commenced farmer registration for the Planting for Food and Jobs phase two (PFJ 2.0) programme, aiming to reach over 2 million farmers this year. During a press briefing in Accra, Dr. Bryan Acheampong,

March 12, 2024March 12, 2024

We Have Not Defaulted In Payments To IPPs – ECG MD Clarifies

The Electricity Company of Ghana (ECG) has defaulted on its fixed monthly energy purchase price with all Independent Power Producers(IPPs). This has sparked concerns about the possibility of a full-blown power crisis, also known as dumsor. President Akufo-Addo in his State

March 12, 2024March 12, 2024

Bawumia Urges Telecel Ghana To Uphold Highest Standards Of Ethics, Transparency & Corporate Governance

Vice President Dr Mahamudu Bawumia has urged Telecel Ghana to prioritise investing in the digital capacities of young Ghanaians. He said this will contribute towards shaping the future of Ghana, as the country embraces the 4th Industrial Revolution. Dr Bawumia joined

March 7, 2024March 7, 2024

No Transport Fare Increment As Executive Members Of C-DAG Suspended

The Concerned Drivers Association of Ghana (C-DAG) and transport operators have taken the decision to suspend three of its executive members with immediate effect. The suspended individuals are Nii Ashie, the Greater Accra regional chairman, Kwesi Arhin, the central regional chairman,

March 5, 2024March 5, 2024

Power Generators Warn Of Tariff Reduction Woes

THE country’s power distributors risk contracting further debt of $1.8 billion to Independent Power Producers by the end of this year. This follows the recent decision of the Public Utilities Regulatory Commission to further reduce electricity tariffs by 6.56%. The Chamber

March 4, 2024March 4, 2024

Power Sector Insolvency To Worsen – IPPs Warn Over Reduction In Electricity Tariffs

The Independent Power Producers Ghana (IPPs) have issued a stark warning that the country’s power sector challenges are on the brink of exacerbation. According to the Chamber, the sector is at risk of incurring an increased debt of approximately USD$1.8 billion

March 3, 2024March 3, 2024

ACCA Pledges Support For Members, Aligns With UN Goals In Sustainability Push

The Association of Chartered Certified Accountants (ACCA) in Ghana has successfully held its Sustainability Roundtable with a resolve to deepen human resources development through sustainability advocacy, and education. The event, which was held in Accra on Monday, February 26, 2024 under

March 1, 2024March 1, 2024

MTN Ghana Records GH¢4billion Profit In 2023

Despite a challenging economic environment in Ghana marked by high inflation and currency depreciation, Scancom PLC, known as MTN Ghana, reported a successful year in 2023. The company announced a profit of GH¢3.98 billion cedis and declared a dividend of GH¢0.175