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Renewable energy project from Ghana among winners of $7m global competition

Access Power , a developer, owner and operator of renewable power projects in emerging markets in partnership with EREN Renewable Energy a global independent power producer, are delighted to announce the three winners of the 2017 $7 million Access Co-Development Facility (ACF) – an innovative funding and support platform for renewable energy projects in Africa. The three winning projects, hailing …

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Ban on food export to EU: Negligent officers to be sanctioned

The Minister of Food and Agriculture, Dr. Owusu Afriyie Akoto, has called for stricter sanctions for Freight Forward Operators, Customs Officers as well as individuals and institutions who fail to adhere to due processes in the export of food and other items to foreign markets. The Minister says the time has come for government to impose severe penalties on those …

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NPA confiscates 10,000 litres of diesel

The National Petroleum Authority (NPA) has confiscated 10,000 litres of diesel in its recent crackdown on sellers of poor quality fuel in the Western Region. The exercise focused on tabletop vendors of petrol and diesel in Takoradi Metropolis, Shama and Ahanta West Districts where fuel was being sold in jerrycans, barrels and gallons. According to the Acting Chief Executive of …

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Former NCA boss, William Tevie, denies involvement in $4m scandal

Former Director-General of the National Communications Authority (NCA), William Tevie, has denied involvement in a corruption scandal that has hit his tenure of office. Mr Tevie, whose name has been in the news together with others for allegedly unlawfully withdrawing state funds from the coffers of the NCA, has denied ever admitting to allegations of corruption to the Bureau of …

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NCA scandal: 4 former officials to face prosecution – Hamid

Information Minister, Mustapha Hamid has emphasized that investigations are currently still ongoing to enable possible prosecution of the individuals at the centre of an NCA money siphoning scandal. According to government, it is awaiting the result of the investigations into the matter by the Bureau of National Investigation(BNI) to take a decision on the fate of the individuals involved in …

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Poultry farmers livid over delay in GH¢6m loan refund

  Ghana’s poultry industry has been hit with yet another challenge as loans secured under the past NDC government for the acquisition of machinery and other inputs for poultry framers has gone down the drain. Poultry farmers are threatening legal action should government refuse to refund the GHc6 million cedis that was used in financing the pilot phase of the …

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Experts Storm Ghana For Single Window Confab

West Blue Consulting, in partnership with the International Customs Chamber (ICC), will organize a national stakeholder conference on the Ghana National Single Window and Trade Facilitation Agreement in Accra tomorrow, Tuesday, 9th May. The event, which is on the theme, ‘Single Window and the WTO Trade Facilitation Agreement-Key Tools for Trade Development,’ is supported by World Customs Organization (WCO) and …

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VRA still owes gas suppliers – WAPCo

Citi Business News can confirm that Ghana is yet to settle outstanding debts owed Nigeria Gas Company and subsequently, the West African Gas Pipeline Company (WAPCo). There were recent reports that government had settled all debts owed N-Gas hence WAPCo. But WAPCo has denied receiving any payment for the debts estimated at 100 million dollars. The erstwhile NDC government last …

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Barclays bank says one-off charges hit Q1 bottom line

London (AFP) – British bank Barclays, whose chief executive faces a regulatory probe, said Friday that first-quarter net profits sank by more than half on a large impairment at its Africa division. Profit after taxation dived to £190 million ($245 million, 225 million euros) in the first three months of 2017 after taking a vast £884-million charge on its Africa …

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AG’s report already contained 2015 bauxite proceeds – BoG

The Bank of Ghana has clarified that the US$41.05 million proceeds from bauxite had already been accounted for in the Auditor General’s 2015 Statements of Foreign Exchange Receipts and Payments report. Documents cited by Citi Business News indicate that financial proceeds of the mineral were accounted for but in a separate column as the means of repatriation did not form …

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