Ghana’s oil industry is expected to rake in $20 billion in investment in the next five years. The Minister of Energy and Petroleum, Mr Emmanuel Kofi Armah-Buah, announced this at the launch of the GNPC Oil and Gas Learning Foundation in Accra yesterday.
Mobile telecommunications giant, MTN Ghana, has launched a competition to promote information and communications technology programmes to develop mobile applications (Mobile Apps) relevant for use in Ghana.
The Vice-President, Mr Kwesi Bekoe Amissah-Arthur, has inaugurated the World Bank’s new office building in Accra, with a call for increased collaboration between the bank and the government for the benefit of the people.
A latest report on the management of oil revenue has blamed some Ghanaian officials of not managing it efficiently.
A key finding of the report by the Africa Centre for Energy Policy (ACEP), a local think tank, with support from Oxfam, is that Ghana is not deriving value for money from the infrastructure projects funded with oil and gas revenues.
The launch of the Isuzu 4&4 left hand drive maybe one of the most important events in the history of General Motors South Africa.
After covering 1.3 million kilometres of testing, mostly on the roads of the Eastern Cape the new Isuzu left hand drive 4&4 and 4&2 was launched in the city of Port Elizabeth and expected to be rollout across the continent including Ghana in the coming months.
Heavily slashed budgetary allocations to the Ministry of Roads and Highways are likely to impact negatively on the various road projects in the country.
For instance, in the area of goods and services, only GH¢805,566 which represents about 10 per cent of the ministry’s requirement for the effective administration of the sector has been approved by the government, leaving a whooping financial gap.
Mantrac Ghana is taking advantage of the increasing growth in the construction industry to market its 4288F Backhoe Loader, a smaller version of the Caterpillar machine that it distributes to contractors and real estate developers.
The company is of the view that the smaller nature of the Backhoe Loader makes it convenient for the construction industry,
AngloGold Ashanti Ltd, the third-largest producer of gold, posted a loss in the second quarter and suspended its dividend after bullion suffered a record three-month drop. Its shares slid to a 12-year low.