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Business

FPSO Kwame Nkrumah shuts down for inspection, maintenance

The Floating Production Storage and Offloading Vessel (FPSO Kwame Nkrumah) has been shut down for inspection and maintenance. The Ghana Grid Company (GRIDCo) in a statement said the shutdown will last for about two weeks. Below is a copy of the full statement SHUT DOWN OF FPSO KWAME NKRUMAH The Ghana Grid Company (GRIDCo) wishes to inform the General Public …

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Jake Obetsebi-Lamptey dead

The former National Chairman of the New Patriotic Party (NPP) Jake Obetsebi Lamptey is dead. Reports indicate that he died on early Sunday morning in London. Sources within the party confirmed the news to citifmonline.com. Bryn Acheamong, a former aide to Jake Obetsebi Lamptey posted on his Facebook wall: “Ghana has lost one fine statesman. RIP.” There were social media …

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Appolonia commissions first power substation

Accra, March 17, GNA – Appolonia City of Light, a mixed-use urban developing area near Accra, has commissioned its first power substation, which will serve the first 4,000 residents at the project. The privately funded substation, which is specially designed to withstand heavy rains and flooding, is one of the first of its kind in north of Accra. The substation’s …

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Ghana exhibits at ITB fair in Berlin

Accra, Mar. 15, GNA – Ghana’s Tourism Ministry is participating in the on-going 50th International Tourism Exchange (ITB) Fair in Berlin, Germany. This comes after two impressive showings at the just ended Vakantiebeurs Tourism Fair and the FITUR International FAIR in Netherlands and Spain respectively where participants thronged the Ghana Stand to familiarise themselves with the country’s tourism resources and …

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SIC Insurance Makes Strides

SIC Insurance Company Limited recorded profit-after-tax of GH¢9,530,103 in 2015 as against GH¢8,303,403 in 2014, representing a 214 percent increase. The insurance giant also recorded a gross premium of GH¢139,107,473 in 2015 against GH¢115, 702,732 in 2014, representing a 20 percent growth. It maintained its leadership position in the general insurance market. The value of shareholders’ funds increased from GH¢74,614,625 …

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Tigo invests millions in network modernization

Tigo Ghana CEO, Roshi Motman said the company has invested millions of Ghana cedi in modernizing its network to improve customer experience. She says because of the investment, Tigo currently has the most modern network in Ghana right now. Speaking at a ceremony to announce the end of its evolution dubbed #‎LiveItLoveIt!, Roshi Motman explained that over the past year …

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Businesses discuss cutting out bureaucracy to hasten registration

Koforidua, March 07, GNA – A forum to discuss effective ways to cut out the bureaucracy and simplify the procedures for establishing businesses in the country has been held in Koforidua. It was organized by the Private Enterprise Foundation (PEF) with support from the Business Sector Advocacy Challenge (BUSAC) Fund and the goal was to assist introduce a bill in …

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UBA Group appoints new Managing Director

Accra, March 4, GNA – The UBA Group Board has approved the appointment of Kennedy Uzoka as the new Group Managing Director with effect from August 1, 2016 and subject to the approval of the Central Bank of Nigeria. Mr Uzoka succeeds Phillips Oduoza, who retires on July 31, 2016, after two terms of leading the UBA Group. Kennedy Uzoka …

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HFC Bank ready to support oil and gas industry

Accra, Mar. 3, GNA – The HFC Bank is ready to support players in Ghana’s oil and gas industry to speed up and sustain economic growth, HFC Bank Managing Director, Robert Le Hunte, has said. Speaking to journalists after the Bank’s local content seminar on Oil and Gas industry, Mr Hunte said the Bank would leverage on the experience of …

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FPSO Professor John Evans Atta Mills arrives in Ghana

Accra, March 2, GNA – The FPSO Professor John Evans Atta Mills, a Floating Production Storage Offloading vessel, which will produce and store oil from Ghana’s Tweneboa-Ntomme-Enyenra (TEN) offshore oil fields, arrived in Ghanaian waters on Wednesday March 2, 2016. The vessel, which was constructed in Singapore and named by Her Excellency the First Lady, Dr. Nana Lordina Mahama, in …

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