The Petroleum Commission has warned that it will not overlook any clandestine award of contracts by players in the country’s upstream sector to disadvantage any indigenous companies operating within the space.
Former Minister of Finance, Mr Seth Terkper, has added his voice to the controversy surrounding the total public debt as at December 2016, stating that no minister has the power to change the public accounting methodology or fiscal methodology used in computing the national debt stock without recourse to due process.
The Ghana Union of Traders Association (GUTA) has directed its members to halt shipment of goods into the country until their concerns on the cargo tracking note (CTN) are fully addressed by the government.
The Africa Down Under (ADU) Conference which brings together high level industry players and experts in the mining industry from Australia and Africa together to explore potential investments has opened in Perth, Australia today August 29, 2018.
Even in the bloated-budget world of oil exploration, $70 million is a lot of money. And yet that’s how much Kevin Okyere, one of Ghana’s savviest yet understated entrepreneurs, has personally expended in developing the highly promising West Cape Three Points Block 2 offshore Ghana (WCTP2).
Some women executives and experts in the mining sector have called on governments with mining interests to give equal opportunity to women entrepreneurs in the industry as the sector is tilted in favour of men.
The Universal Merchant Bank (UMB), under the government’s flagship One-district, One-factory (1D1F) initiative, has signed a public/private partnership (PPP) agreement with Central Sugar Company Limited, a starch processing company at Prang in the Brong Ahafo Region.
About seven associations in the shipping business will from Monday, August 27, 2018 shut down their operations at the country’s ports in protest against the implementation of the Cargo Tracking Note (CTN) system.
Ghanaian private sector growth has lost the momentum it started the year with, slowing to a 22-month low in July according to the July 2018 edition of the Stanbic Bank Ghana Purchasing Managers’ Index (PMI).
Importers who shipped containerised cargo into the country for the first half of this year paid US$28.5 million as demurrage to shipping lines for undue grounding and detention of containers after the mandatory free period.
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Ghanaian companies in the upstream oil and gas sector have described their participation in various trade missions organised by the country’s upstream industry regulator as beneficial to the growth of the local oil industry.