Finance Minister Seth Terkper has expressed hope that a milestone agreement reached with creditors over VRA’s debts will be enough to ease holdup in discussions with the International Monetary Fund (IMF) over the ongoing bailout programme. The Minister, on Wednesday, told the press at a meeting also attended by bigshots of the banks the VRA … Read more
Finance Minister, Seth Terkper has disclosed that the Energy Sector Levy Account has accrued 350 million cedis as at August 2016. Only residential users should pay energy levies – Former AGI president He made the disclosure when he addressed the media on Wednesday, August 31st, 2016, on measures taken to address the legacy debts in … Read more
Facebook (NASDAQ:FB) (http://www. Facebook.com) CEO Mark Zuckerberg is visiting Nigeria this week on his first trip to Africa, using his time in the country to visit the Yaba technology hub in Lagos, meet with developers and partners, and explore Nollywood. Zuckerberg is in Nigeria to listen and learn and take ideas back to California on … Read more
The Ministry of Finance, the Bank of Ghana (BoG), and the Ghana Bankers Association have announced plans to pay the legacy debt owed in the power sector. According to the Ministry of Finance, government has arranged with the Bank of Ghana to create an escrow account to transfer 250 million cedis to settle part of … Read more
Azuma came in with a corn in hand, whistles, a hen from no where came: kok! kok! kok!, continued dispersing the corn in his possession till they were all consumed by the hen. It stares at him, rubbed it’s long beak on the floor, shook its feathers and flew hoping to get additional food nearby. … Read more
Warri (Nigeria) (AFP) – When the Niger Delta Avengers (NDA) rebel group announced this week it had called a ceasefire and was entering talks with the government, many hoped peace would be restored to the country’s oil belt. If only it were so easy. The NDA dominate the headlines, but behind the scenes, a groundswell … Read more
Astronomers engaged in the search for extraterrestrial intelligence (SETI) are training their instruments on a star around 94 light years from Earth after a very strong signal was detected by a Russian telescope. An international team of researchers is now examining the radio signal and its star, HD 164595 — described in a paper by … Read more
The Flag Staff House was the Seat of Government when Osagyefo Dr. Kwame Nkrumah was the President of the Republic of Ghana. Osagyefo, as we all know did wonders by championing the development of this country beyond the comprehension of many. Today, a young, competent, honourable, affable and visionary leader in the person of President, … Read more
Lack of credit support and investment guarantees from the Russian government and financial institutions have been cited as the major impediments for Russian companies willing to invest in the African continent. These setbacks have culminated in the world’s biggest country by size lagging behind such economic powerhouses as the United States and China in expanding … Read more
The Ghana Gas Company Limited has ruled out any significant impact of its ten day shutdown of the Atuabo gas processing plant, on the country’s power supply, for the period. The company is expected to shut down the facility from Wednesday, August 31, 2016; for routine maintenance. A statement on the exercise indicated that the … Read more
Folks, we have every reason to take on the leaders of the NDC as far as certain happenings that don’t augur well for the party in many parts of the country are concerned. Let’s face facts and bold to poke Asiedu Nketiah, Kofi Portuphy, Kofi Adams, Koku Anyidoho, and all others constantly in the news … Read more
After being in power for an unprecedentedly period of nearly 20years, the P[NDC] bequeathed to the good people of this country a shameful legacy of HIPC, in the year 2000, when they were booted out of power. Interst rate was in the region of 50%, with every sector of the economy in total ruins. The … Read more
An energy analyst, Ishmael Edjekumhene, has accused government of using statutory funds as collateral for borrowing and deferring expenditure to justify that it will not overrun its 2016 budget. President John Mahama in his 2016 State of the Nation Address in parliament vowed that government will not exceed its budget this year but Mr Edjekumhene, … Read more
On Saturday evening, BET award-winner Stonebwoy and Tamale’s very own, Fancy Gadam made history to repeat itself as they treated tens of thousands of concert-goers to the best of sterling performances. The crowd on the night was just something else, it was one hyperactive crowd that was ready to do anything they were capable of … Read more
Tanzanian authorities said on Saturday that the country will sign a 400 megawatts power purchase agreement with Ethiopia in the coming weeks. Felchesmi Mramba, Managing Director of state-owned Tanzania Electric Supply Company, said the official signing of the power pact will be preceded by a meeting in Arusha of 10 member states of the Eastern … Read more
Chale Wote is a Ga expression meaning “Buddy let’s go.” The festival, organised by Accra Dot Alt, embraces street painting, graffiti, photography, interactive art installations, poetry, walking tours, dance, film shows, fashion parades, live music performances, workshops and more. More than 200 Ghana-based and international artists are part of this year’s event which took off … Read more
Dr Paa Kwesi Nduom, President and Chief Executive Officer (CEO) of Groupe Nduom, has called on government to discontinue the piecemeal approach to fixing the country’s energy problems and apply a serious, concerted and non-partisan solution to help businesses that have been adversely affected. “I have had the opportunity to talk to my friend President … Read more
Dr Paa Kwesi Nduom, President and Chief Executive Officer (CEO) of Groupe Nduom, has called on government to discontinue the piecemeal approach to fixing the country’s energy problems and apply a serious, concerted and non-partisan solution to help businesses that have been adversely affected. “I have had the opportunity to talk to my friend President … Read more
One amazing power of what human excreta can do for this country is its enormous support in our energy sector. Just recently, the Bill and Melinda Gates Foundation recently awarded Columbia University professor Kartik Chandran a $1.5 million grant to develop a “Next-Generation Urban Sanitation Facility” in Accra, Ghana along with Waste Enterprisers (a private … Read more
The Minister of Finance, Seth Terkper has announced the approval of a $230 million scaling-up Renewable Energy Investment Plan (SREP-IP) by the Climate Investment Fund. The approval, which will allow government to invest in the mini-grid sector, is expected to increase the country’s renewable energy generation capacity to achieve price reduction in electricity. According to … Read more