Wednesday , 23 January 2019
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DVLA to prosecute offenders for defrauding public with new e-system

The Driver and Vehicle Licensing Authority (DVLA) has warned that it will prosecute anyone who attempts to defraud the public using its new e-online registration system. The system, which has been in place since January 4, this year is aimed at simplifying the processes of registering car. This is aimed at reducing long hours spent at the offices of the …

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PTA Council laments use of ‘inexperienced’ NABCo teachers for SHS

The National Council of Parent Teacher Associations (PTAs) say the use of inexperienced teachers, mostly personnel of the Nation Builders Corp (NABCo) in teaching Senior High School students under the double track system is counterproductive. President of the Association, Alexander Yaw Danso, said the standard of education has begun to dwindle as a result of the unprofessional behaviours exhibited by …

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Business Development Ministry, Trade Fair to build SMEs capacities

The Ministry of Business Development and Ghana Trade Fair Company have initiated processes aimed at holding business seminars for Small and Medium Enterprises (SMEs) during the upcoming Ghana International Trade Fair event. The planned seminars which are expected to run concurrently with the trade fair itself will centre around building capacity of SMEs and guiding them as to how to …

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Tullow targets drilling, completion of works on new wells in this year

Tullow Oil is hoping to drill and complete work on seven new wells in Jubilee and Ten Oil fields this year. This was contained in the oil exploration firms trading statement released Wednesday. Below is the full statement released In 2019, Tullow expects to drill and complete seven new wells across the TEN and Jubilee fields allowing gross oil production …

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Databank denies dealing in gold

Databank Financial Services has said claims that it has started dealing in gold collectibles following the collapse of Menzgold Ghana Limited are false. According to the investment bank, it is not into gold collectibles and does not intend going into such business. “It has come to our attention that pronouncements have been recently made in the press claiming that Databank …

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Government borrows GH¢11.250 million in first quarter

Government has indicated its plans to issue a gross amount of GH¢11.250 million in securities of which GH¢10,149.84 million would be used to rollover maturities. The Bank of Ghana (BoG), which revealed this in a recent statement signed by its secretary Frances Van-Hein Sackey, on behalf of the Ministry of Finance, said this was not new debt. It said the …

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Decent prices for cocoa farmers is my priority – ICCO boss

The International Cocoa Organization (ICCO) has made the payment of fair and decent remuneration for cocoa farmers a top priority of the organisation to be achieved within the next few years, in all major cocoa producing countries, including Ghana. The Executive Director of ICCO, Mr. Michel Arrion, said he will ensure that cocoa farmers receive remunerative prices for their produce. …

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There will be no 60% rise in electricity tariffs – Gyamfi replies Adam Mutawakilu

The Chairman of Mines and Energy Committee in Parliament, Emmanuel Gyamfi has described as “pedestrian” claims by Minority spokesperson on Energy Adams Mutawakilu that electricity tariffs will be increased by 60% when Meralco Consortium takes over Electricity Company of Ghana(ECG) from February 1, 2019. Speaking on Accra based Oman FM, Emmanuel Gyamfi stated that the law maker’s assertion lacks basis. …

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NIB qualification for bailout despite 3-year unaudited account questioned

The government has been accused of unfairness in its selection of banks for a bailout after they failed to raise the new GHS400 million minimum capital requirement. According to banking consultant Richmond Atuahene, at least, one of the five banks selected for the GHS2 billion bailout via the Ghana Amalgamated Trust (GAT), does not meet the criteria set by President …

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Ghana discovers biggest oilfield yet

Norwegian oil exploration company, Aker Energy has announced the discovery of what appears to be the biggest oil find in the country’s history to date off the coast of western Ghana. The find has occurred in the oil rich Deepwater Tano area which has already given rise to Ghana’s three oilfields already in production – the Jubilee, TEN, and Sankofa …

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