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We will sue government over withdrawal of exploration permit – Exton Cubic

Exton Cubic Group Limited has said it will turn to the court over government’s revocation of its exploration license for bauxite in the Tano Offin Forest reserve. The Minister of Lands and Natural Resources, Peter Amewu, had explained that the directive was issued because the company’s three mining leases were invalid. Mr. Amewu explained that the company’s failure to provide …

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Former Capital Bank CEO predicted bank’s collapse

The writing was on the wall for the collapsed Capital Bank as far back as at least 2014, according to memo sighted and published by the Insight Newspaper in January 2015, which went under the radar at the time. The Insight Newspaper obtained information indicating that the Capital Bank, then First Capital Plus Bank, was on the verge of collapse …

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CILT-Ghana calls for wider consultations on Tow Tax

The Chartered Institute of Logistics and Transport (CILT), a leading professional body in supply chain, logistics and transport management, has urged the government to widen stakeholder consultations and review aspect of the Tow Tax Contract with the Road Safety Management Ltd. before its implementation. CILT believes government failed to do due diligence in its consultations hence the negativities being identified …

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NPA refutes allegations of 7,000 tanker drivers risking their jobs by September

The National Petroleum Authority (NPA) has denied allegations making rounds in the media that, about 7,000 of Gas tanker drivers will lose their job by September. A statement issued by the Corporate Affairs Division of NPA, and copied to GBCONLINE, said the alleged statement emanating from the Gas Tanker Drivers Association and been widely circulated in the media on Wednesday …

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Negligence costs Ibrahim Mahama road contract

The Northern regional minister, Salifu Saaed has announced a decidion to rescind the road contract initially awarded to Ibrahim Mahama. Ibrahim Mahama’s firm, Engineers and Planners was tasked to take charge of repair and maintenance works on the Bimbilla-Salaga road. It is alleged that they abandoned the project after receiving the mobilization fee. The minister expressed surprise at the fact …

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ICC throws out Woyome case

The International Court of Arbitration has thrown out a case business man Alfred Agbesie Woyome filed against the government of Ghana. His case did not meet the preliminary requirements needed for a thorough investigation and adjudication. In a ruling released, Thursday, a copy of which has been intercepted by Myjoyonline.com, the ICC said in part “the international Court of Arbitration …

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Group invents plastic slab latrine to replace wooden and cement slabs

Global Communities, an International Non-Governmental Organisation in collaboration with the Ministry of Sanitation and Water Resources and Duraplast Ghana, a plastic manufacturing company in Ghana has developed a plastic slab latrine they have christened “Digni Loo” to replace non-resilient wooden and unaffordable cement slaps currently being used in the construction of household latrines in most rural areas in Ghana. The …

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Kwame Addo-Kufuor elected President of ECOWAS Chamber of Mines

The President of the Ghana Chamber of Mines, Mr. Kwame Addo-Kufuor, has been elected as the first President of the General Assembly of the ECOWAS Federation of Chambers of Mines (EFEDCOM). His election took place at the 2nd General Assembly meeting of the EFEDCOM held in Abuja, Nigeria. The two-day event was attended by Chief Executive Officers and representatives of …

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Ghana’s economic growth not inclusive – De-Graft

GHANA’S economic growth is a classic case of growth that has failed to be ‘inclusive’, Chief Executive Officer (CEO) of Chief Executives Network Ghana, Ernest De-Graft Egyir, has said. “Ghana’s economic growth has failed to provide equal opportunities and ensure benefits for entrepreneurs. How can an impressive GDP growth fail to translate into a commensurate reduction in poverty and up …

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President nominates Agnes Adu as MD of Ghana Trade Fair Company

Citi Business News can confirm that President Nana Akufo-Addo has nominated Dr. Agnes Adu, to act as Managing Director of the Ghana Trade Fair Company (GTFC) Limited, pending the appointment of a substantive Managing Director by the Board of Directors. A letter signed by the Finance Minister, Ken Ofori-Atta on behalf of the president directed management of the company to …

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