President Nana Akufo-Addo will be commissioning the 97 kilometre railway line from Tema to Mpakadan by March 2024 when the newly acquired trains arrive in the country. According to the Ghana Railway Development Authority, the two new coaches will be used purposely as passenger trains to aid transportation from the port of Tema to the northern parts […]
Newage Agric Solutions Limited has officially commenced the implementation of the Harnessing Agricultural Productivity and Prosperity for Youth (HAPPY) program, a transformative initiative aimed at creating 145,000 dignified jobs. Launched on December 7, 2023, with a stakeholder meeting in Tono, Upper East Region, the project specifically targets youth, women, and persons with disabilities. Notably, 70% […]
MTN Group has announced a leadership transition for its Ghanaian operations, appointing Stephen Blewett as the new Chief Executive Officer of MTN Ghana. He succeeds Selorm Adadevoh, who has been promoted to the role of Chief Commercial Officer for the MTN Group. These changes come as part of a strategic realignment to strengthen the company’s […]
The Government of Ghana has successfully averted a potential nationwide power crisis by reaching a debt settlement agreement with Sunon Asogli Power (Ghana) Limited. Following a shutdown notice issued by the independent power producer (IPP) on December 4, 2023, the government committed to an interim payment of $60 million to be paid in two equal […]
Bank of Ghana Governor Dr. Ernest Addison has strongly defended the Central Bank’s decision to finance government expenditure in 2022, asserting that the intervention was necessary to prevent a total economic collapse. Addressing the Chartered Institute of Bankers, Dr. Addison explained that the bank’s actions, which led to a reported GH₵60 billion loss that year, […]
During the 2024 budget debate, Trade and Industry Minister K.T. Hammond announced that former officials associated with the Komenda Sugar Factory have been referred to the Economic and Organized Crime Office (EOCO) for investigation. The Minister alleged that the original project cost of over $30 million was significantly inflated, noting that recent inquiries in India […]
The Independent Power Producers (IPPs) have expressed strong opposition to the Public Utilities Regulatory Commission’s (PURC) decision to reduce electricity tariffs by 1.52 percent, labeling the move as unacceptable. Dr. Elikplim Apetorgbor, President of the IPPs, warned that this reduction severely undermines the Electricity Company of Ghana’s (ECG) capacity to manage its debt restructuring. He […]
Female farmers in the Nkwanta South Municipality of the Oti Region are calling for urgent government intervention to modernize their agricultural practices. Primarily engaged in rice cultivation, these women have highlighted that their reliance on manual tools like hoes and cutlasses is severely limiting their productivity and causing physical exhaustion. They are appealing for the […]
Finance Minister Ken Ofori-Atta has announced that the government is entering a new phase of the Domestic Debt Exchange Programme (DDEP), which will now target pension funds and various energy sector liabilities, including debts owed to Independent Power Producers (IPPs). During the mid-year budget review, the Minister explained that while previous debt operations provided critical […]
Northern Regional Minister, Shani Alhassan Saibu, has officially commissioned a €20 million wastewater treatment plant at Gbalahi, near Tamale. This facility, built by the Jospong Group of Companies in partnership with the Hungary Exim Bank, addresses a critical sanitation gap where an estimated 98% of fecal waste in the metropolis was previously dumped untreated onto […]