Economic

Gov’t in talks with private airlines to operationalize Ho airport – Letsa

The Volta Regional Minister, Dr. Archibald Letsa has indicated that the government is already in talks with private airline operators to make the Ho airport operational. “The airport is ready but there are a few things that need to be done…For the flight, the private airlines are being talked to. We are hoping that on …

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Pay debt owed IPPs to prevent ‘dumsor’ – Jinapor

A former Deputy Power Minister, John Jinapor, is urging the Power Distribution Services (PDS) to promptly pay off its debt owed the Independent Power Producers to forestall any disruptions in power supply. PDS has denied owing the power producers, claiming that the debts were accrued by the Electricity Company of Ghana (ECG). But John Jinapor …

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Helena Huang deported after Rosewood smuggling case

The Chinese national arrested with four containers of Rosewood, Helena Huang has been deported. Her deportation, which was made known by the Ghana Immigration Service was based on the revocation of her resident permit due to her engagement in the alleged smuggling of Rosewood. The Daily Graphic sighted a notice signed by the Comptroller General …

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Finance Ministry approves Ghc1.5 billion for 14 road projects

The Minister of Finance, Ken Ofori-Atta, on Friday 28 June conditionally approved a multi-year funding commitment of more than GH¢1.56 billion for the commencement of 14 road projects over the medium term. The move to approve the projects will see reconstruction, rehabilitation and upgrading of some selected road networks spanning 381.3 kilometres across Ashanti, Brong …

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Utility tariff increases take effect today

Consumers of electricity and water across the country will be paying more for utilities beginning today, July 1, 2019, following the upward tariff adjustment announced by the Public Utilities Regulatory Commission (PURC) last month. The Utility Services Regulator approved an 11.17 percent tariff increment for electricity and 8.01 percent increment in water. The PURC approved the increases …

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ECOWAS finally adopts ECO as single currency

Beginning in January 2020, countries within the West African sub-region will be able to use a single currency called ECO.  The currency was adopted by the Authority of ECOWAS Heads of State and Government on Saturday in Nigeria’s capital Abuja.  The West African leaders endorsed the currency at their 55th Ordinary Session and approved a …

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